HS Icon Petroleum Jelly

2712 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $3.18B, Rnk 618 / 1217

2019
Top Exporter | Top Importer
: $597M | $432M, China | United States

2019
Product Complexity
: -0.21, Rnk 585 / 961

2018 - 2019
Export Growth (CAGR)
: -11.5%, Rnk 1006 / 1217

2018
Mean Tariff
: 4.99%, Rnk 821 / 1259

 2019
Share of World Trade
: 0.018%, Rnk 618 / 1217

Overview:  This page contains the latest trade data of Petroleum Jelly. In 2019, Petroleum Jelly were the world's 618th most traded product, with a total trade of $3.18B. Between 2018 and 2019 the exports of Petroleum Jelly decreased by -11.5%, from  $3.6B to $3.18B. Trade in Petroleum Jelly represent 0.018% of total world trade.

Exports: In 2019 the top exporters of Petroleum Jelly  were China ($597M), Germany ($332M), United States ($305M), South Africa ($185M), and Malaysia ($162M).

Imports: In 2019 the top importers of Petroleum Jelly were United States ($432M), Germany ($303M), Poland ($205M), Mexico ($193M), and Canada ($176M).

Tariffs: In 2018 the average tariff for Petroleum Jelly was 4.99%, making it the 821st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Petroleum Jelly are Cambodia (35%), Bermuda (25%), Turkmenistan (22.2%), Zimbabwe (20.6%), and Bangladesh (18.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Philippines (0%).

Ranking: Petroleum Jelly ranks 585th in the Product Complexity Index (PCI).

Description: Petroleum jelly is a semisolid mixture of hydrocarbons obtained from petroleum. It is used to soothe dry skin, to reduce the appearance of wrinkles and fine lines, and to protect skin from the drying effects of wind and cold weather. Paraffin wax is a white, odorless, tasteless wax obtained from petroleum. It is used in candle-making, as a protective coating for fruit and vegetables, and as a polishing agent. Microcrystalline petroleum wax is a wax obtained from petroleum by distillation. It is used in candle-making and as a protective coating for fruit and vegetables. Slack wax is a soft, waxy substance obtained from petroleum. It is used in candle-making. Ozokerite is a hard, white wax obtained from petroleum. It is used in candle-making and as a protective coating for fruit and vegetables. Lignite wax is a brownish-yellow wax obtained from lignite coal. It is used in candle-making. Peat wax is a brownish-yellow wax obtained from peat moss. It is used in candle-making. Other mineral waxes are obtained by synthesis or by other processes, whether or not coloured. They are used in

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $597M

Top Destination (2019): United States, $432M

Petroleum Jelly are the world's 618th most traded product.

In 2019, the top exporters of Petroleum Jelly were China ($597M), Germany ($332M), United States ($305M), South Africa ($185M), and Malaysia ($162M).

In 2019, the top importers of Petroleum Jelly were United States ($432M), Germany ($303M), Poland ($205M), Mexico ($193M), and Canada ($176M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Chinese Taipei, $3.58M

Top Destination Growth (2018 - 2019): Guatemala, $4.68M

Between 2018 and 2019, the exports of Petroleum Jelly grew the fastest in Chinese Taipei ($3.58M), South Korea ($2.79M), United Kingdom ($2.5M), United Arab Emirates ($2.35M), and Belgium ($1.01M).

Between 2018 and 2019, the fastest growing importers of Petroleum Jelly were Guatemala ($4.68M), Cote d'Ivoire ($2.95M), Chinese Taipei ($2.43M), Cyprus ($1.97M), and Myanmar ($1.97M).

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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 Petroleum Jelly.

In 2019,  market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Petroleum Jelly are explained by 21 countries.

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TOP NET EXPORTER (2019): China, $487M

TOP NET IMPORTER (2019): Mexico, $192M

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

In 2019, the countries that had a largest trade value in exports than in imports of Petroleum Jelly were China ($487M), South Africa ($147M), Malaysia ($125M), Russia ($107M), and Egypt ($68.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Petroleum Jelly were Mexico ($192M), Poland ($153M), United States ($127M), Canada ($62.3M), and Vietnam ($61.9M).

Disaggregation

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Value

In 2019, the world most traded Petroleum Jelly, disaggragated by their HS6 level were Mineral waxes nes ($1.46B), Paraffin wax containing <0.75% oil ($1.39B), and Petroleum jelly ($343M)

Import Tariffs

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In 2018, the average tariff for importing Petroleum Jelly was 4.99%.  The countries with the highest tariffs for importing Petroleum Jelly were Cambodia (35%), Bermuda (25%), Turkmenistan (22.2%), Zimbabwe (20.6%), and Bangladesh (18.5%).

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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.