HS Icon Artificial and prepared waxes, of polyethylene glycol

340420 (Harmonized System 1992 for 6-digit)

World Trade (2019): $383M, Rnk 3030 / 4648

Top Exporter (2019): $121M, South Korea

Top Importer (2019): $42.4M, France

Product Complexity (2019): 1.42, Rnk 279 / 4826

Export Growth (CAGR)(2018 - 2019): 0.37%, Rnk 1450 / 4648

Mean Tariff (2018): 7.73%, Rnk 2944 / 6538

Share of World Trade (2019): 0.0021%, Rnk 3030 / 4648

Overview:  This page contains the latest trade data of Artificial and prepared waxes, of polyethylene glycol. In 2019, Artificial and prepared waxes, of polyethylene glycol were the world's 3030th most traded product, with a total trade of $383M. Between 2018 and 2019 the exports of Artificial and prepared waxes, of polyethylene glycol grew by 0.37%, from  $382M to $383M. Trade in Artificial and prepared waxes, of polyethylene glycol represent 0.0021% of total world trade.

Exports: In 2019 the top exporters of Artificial and prepared waxes, of polyethylene glycol  were South Korea ($121M), Germany ($119M), United States ($20.1M), China ($19.3M), and Belgium ($18.5M).

Imports: In 2019 the top importers of Artificial and prepared waxes, of polyethylene glycol were France ($42.4M), India ($40.9M), China ($32.4M), Turkey ($31.6M), and United States ($25M).

Tariffs: In 2018 the average tariff for Artificial and prepared waxes, of polyethylene glycol was 7.73%, making it the 2944th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Artificial and prepared waxes, of polyethylene glycol are Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Uzbekistan (28.7%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Artificial and prepared waxes, of polyethylene glycol ranks 279th in the Product Complexity Index (PCI).

Description: Artificial and prepared waxes are used in the manufacture of waxes, polishes, and candles. Polyethylene glycol is a compound that is used in pharmaceuticals, cosmetics, and toothpaste.

Exporters and Importers

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Trade By Country

Top Origin (2019): South Korea, $121M

Top Destination (2019): France, $42.4M

Artificial and prepared waxes, of polyethylene glycol are the world's 3030th most traded product.

In 2019, the top exporters of Artificial and prepared waxes, of polyethylene glycol were South Korea ($121M), Germany ($119M), United States ($20.1M), China ($19.3M), and Belgium ($18.5M).

In 2019, the top importers of Artificial and prepared waxes, of polyethylene glycol were France ($42.4M), India ($40.9M), China ($32.4M), Turkey ($31.6M), and United States ($25M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $4.02M

Top Destination Growth (2018 - 2019): India, $7.59M

Between 2018 and 2019, the exports of Artificial and prepared waxes, of polyethylene glycol grew the fastest in Russia ($4.02M), Belgium ($1.78M), Saudi Arabia ($1.54M), Netherlands ($1.37M), and Mexico ($1.27M).

Between 2018 and 2019, the fastest growing importers of Artificial and prepared waxes, of polyethylene glycol were India ($7.59M), United Arab Emirates ($6.6M), United States ($4.35M), Ireland ($3.24M), and Italy ($1.71M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Artificial and prepared waxes, of polyethylene glycol.

In 2019,  market concentration measured using Shannon Entropy, was 3.12. This means that most of the exports of Artificial and prepared waxes, of polyethylene glycol are explained by 8 countries.

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TOP NET EXPORTER (2019): South Korea, $119M

TOP NET IMPORTER (2019): France, $39.4M

This map shows which countries export or import more of Artificial and prepared waxes, of polyethylene glycol. Each country is colored based on the difference in exports and imports of Artificial and prepared waxes, of polyethylene glycol during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Artificial and prepared waxes, of polyethylene glycol were South Korea ($119M), Germany ($104M), Mexico ($15.6M), Belgium ($10.8M), and Russia ($5.15M).

In 2019, the countries that had a largest trade value in imports than in exports of Artificial and prepared waxes, of polyethylene glycol were France ($39.4M), India ($35M), Turkey ($30.5M), Spain ($15.9M), and Poland ($14.6M).

Import Tariffs

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In 2018, the average tariff for importing Artificial and prepared waxes, of polyethylene glycol was 7.73%.  The countries with the highest tariffs for importing Artificial and prepared waxes, of polyethylene glycol were Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Uzbekistan (28.7%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.