HS Icon Glues

3506 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $12.1B, Rnk 283 / 1217

2019
Top Exporter | Top Importer
: $2.13B | $1.11B, Germany | China

2019
Product Complexity
: 1.04, Rnk 140 / 961

2018 - 2019
Export Growth (CAGR)
: -1.28%, Rnk 494 / 1217

2018
Mean Tariff
: 9%, Rnk 474 / 1259

 2019
Share of World Trade
: 0.067%, Rnk 283 / 1217

Overview:  This page contains the latest trade data of Glues. In 2019, Glues were the world's 283rd most traded product, with a total trade of $12.1B. Between 2018 and 2019 the exports of Glues decreased by -1.28%, from  $12.2B to $12.1B. Trade in Glues represent 0.067% of total world trade.

Exports: In 2019 the top exporters of Glues  were Germany ($2.13B), China ($1.97B), United States ($1.52B), Japan ($627M), and South Korea ($613M).

Imports: In 2019 the top importers of Glues were China ($1.11B), Germany ($694M), Vietnam ($582M), United States ($478M), and Mexico ($454M).

Tariffs: In 2018 the average tariff for Glues was 9%, making it the 474th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glues are Bahamas (42.4%), Uzbekistan (28.1%), Algeria (27.9%), Iran (25%), and Malaysia (25%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Glues ranks 140th in the Product Complexity Index (PCI).

Description: Prepared glues and other prepared adhesives are commonly used in construction, engineering, and home improvement. Glues and adhesives are also used in automotive repair, carpet installation, and furniture assembly.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $2.13B

Top Destination (2019): China, $1.11B

Glues are the world's 283rd most traded product.

In 2019, the top exporters of Glues were Germany ($2.13B), China ($1.97B), United States ($1.52B), Japan ($627M), and South Korea ($613M).

In 2019, the top importers of Glues were China ($1.11B), Germany ($694M), Vietnam ($582M), United States ($478M), and Mexico ($454M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $137M

Top Destination Growth (2018 - 2019): Vietnam, $97M

Between 2018 and 2019, the exports of Glues grew the fastest in China ($137M), South Korea ($73.1M), Turkey ($26.8M), Belgium ($22.7M), and Vietnam ($19.8M).

Between 2018 and 2019, the fastest growing importers of Glues were Vietnam ($97M), China ($35.4M), Poland ($13.5M), India ($12.1M), and Cambodia ($10.6M).

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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 Glues.

In 2019,  market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Glues are explained by 19 countries.

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TOP NET EXPORTER (2019): Germany, $1.44B

TOP NET IMPORTER (2019): Vietnam, $501M

This map shows which countries export or import more of Glues. Each country is colored based on the difference in exports and imports of Glues during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Glues were Germany ($1.44B), United States ($1.04B), China ($856M), Japan ($457M), and South Korea ($351M).

In 2019, the countries that had a largest trade value in imports than in exports of Glues were Vietnam ($501M), Mexico ($351M), Hong Kong ($330M), Canada ($304M), and Poland ($258M).

Disaggregation

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Value

In 2019, the world most traded Glues, disaggragated by their HS6 level were Adhesives based on rubber or plastic,... ($7.58B), Glues and adhesives of all kinds,... ($2.87B), and Glues or adhesives, prepared nes, package... ($1.6B)

Import Tariffs

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In 2018, the average tariff for importing Glues was 9%.  The countries with the highest tariffs for importing Glues were Bahamas (42.4%), Uzbekistan (28.1%), Algeria (27.9%), Iran (25%), and Malaysia (25%).

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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.