Insect Resins1301 (Harmonized System 1992 for 4-digit)
World Trade (2018): $877M, Rnk 942 / 1225
Top Exporter (2018): $137M, France
Top Importer (2018): $168M, India
Product Complexity (2018): -2.38, Rnk 1011 / 1018
Export Growth (CAGR)(2017 - 2018): 9.26%, Rnk 808 / 1225
Mean Tariff (2018): 4.52%, Rnk 908 / 1259
Share of World Trade (2018): 0.0048%, Rnk 942 / 1225
Overview: This page contains the latest trade data of Insect Resins. In 2018, Insect Resins were the world's 942nd most traded product, with a total trade of $877M. Between 2017 and 2018 the exports of Insect Resins grew by 9.26%, from $803M to $877M. Trade in Insect Resins represent 0.0048% of total world trade.
Exports: In 2018 the top exporters of Insect Resins were France ($137M), Sudan ($116M), Afghanistan ($104M), India ($66.3M), and Indonesia ($56.5M).
Imports: In 2018 the top importers of Insect Resins were India ($168M), France ($95.9M), United States ($86.1M), Germany ($43.4M), and China ($40.8M).
Tariffs: In 2018 the average tariff for Insect Resins was 4.52%, making it the 908th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Insect Resins are Tunisia (36%), Bahamas (31.2%), Ethiopia (29.7%), India (24.1%), and Cambodia (19.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Insect Resins ranks 1011th in the Product Complexity Index (PCI).
Trade By Country
Insect Resins are the world's 942nd most traded product.
In 2018, the top exporters of Insect Resins were France ($137M), Sudan ($116M), Afghanistan ($104M), India ($66.3M), and Indonesia ($56.5M).
In 2018, the top importers of Insect Resins were India ($168M), France ($95.9M), United States ($86.1M), Germany ($43.4M), and China ($40.8M).
Trade by country
Top Origin Growth (2017 - 2018): India, $18.6M
Top Destination Growth (2017 - 2018): United States, $35.3M
Between 2017 and 2018, the exports of Insect Resins grew the fastest in India ($18.6M), Somalia ($11.4M), France ($9.87M), Brazil ($9.57M), and United States ($8.94M).
Between 2017 and 2018, the fastest growing importers of Insect Resins were United States ($35.3M), Portugal ($22.9M), Saudi Arabia ($17M), Bulgaria ($10.1M), and Vietnam ($4.63M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Insect Resins.
In 2018, market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Insect Resins are explained by 22 countries.
This map shows which countries export or import more of Insect Resins. Each country is colored based on the difference in exports and imports of Insect Resins during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Insect Resins were Sudan ($116M), Afghanistan ($99.6M), Indonesia ($51.7M), France ($40.8M), and Somalia ($36.1M).
In 2018, the countries that had a largest trade value in imports than in exports of Insect Resins were India ($101M), United States ($54.7M), Portugal ($34M), Vietnam ($21.2M), and Saudi Arabia ($21.1M).
In 2018, the world most traded Insect Resins, disaggragated by their HS6 level were Natural gum, resin, gum-resin, balsam, not... ($541M) and Gum arabic ($336M)
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.
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