HS Icon Petroleum Jelly

2712 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.5B, Rnk 594 / 1225

Top Exporter (2018): $611M, China

Top Importer (2018): $479M, United States

Product Complexity (2018): -0.46, Rnk 687 / 1018

Export Growth (CAGR)(2017 - 2018): 5.5%, Rnk 956 / 1225

Mean Tariff (2018): 4.99%, Rnk 821 / 1259

Share of World Trade (2018): 0.019%, Rnk 594 / 1225

Overview:  This page contains the latest trade data of Petroleum Jelly. In 2018, Petroleum Jelly were the world's 594th most traded product, with a total trade of $3.5B. Between 2017 and 2018 the exports of Petroleum Jelly grew by 5.5%, from  $3.32B to $3.5B. Trade in Petroleum Jelly represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Petroleum Jelly  were China ($611M), Germany ($372M), United States ($334M), Malaysia ($217M), and South Africa ($211M).

Imports: In 2018 the top importers of Petroleum Jelly were United States ($479M), Germany ($345M), Poland ($226M), Mexico ($204M), and Canada ($192M).

Tariffs: In 2018 the average tariff for Petroleum Jelly was 4.99%, been the 821 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 687th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $611M

Top Destination (2018): United States, $479M

Petroleum Jelly are the world's 594th most traded product.

In 2018, the top exporters of Petroleum Jelly were China ($611M), Germany ($372M), United States ($334M), Malaysia ($217M), and South Africa ($211M).

In 2018, the top importers of Petroleum Jelly were United States ($479M), Germany ($345M), Poland ($226M), Mexico ($204M), and Canada ($192M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $45.2M

Top Destination Growth (2017 - 2018): Canada, $42.8M

Between 2017 and 2018, the exports of Petroleum Jelly grew the fastest in Chinese Taipei ($45.2M), Singapore ($41.9M), United States ($31.5M), Thailand ($26M), and United Kingdom ($22.6M).

Between 2017 and 2018, the fastest growing importers of Petroleum Jelly were Canada ($42.8M), Netherlands ($27.9M), Japan ($25.8M), Hong Kong ($16.4M), and United States ($15.6M).

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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 Petroleum Jelly.

In 2018,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Petroleum Jelly are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $486M

TOP NET IMPORTER (2018): Mexico, $203M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Petroleum Jelly were China ($486M), Malaysia ($179M), South Africa ($169M), Russia ($106M), and Egypt ($75.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Petroleum Jelly were Mexico ($203M), Poland ($166M), United States ($144M), Canada ($77.6M), and Vietnam ($58.9M).

Trade Forecasts

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This section shows forecasts for total trade for Petroleum Jelly. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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.