HS Icon Petroleum resins, coumarone, indene, polyterpenes

391110 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Petroleum resins, coumarone, indene, polyterpenes. In 2019, Petroleum resins, coumarone, indene, polyterpenes were the world's 1401st most traded product, with a total trade of $1.82B. Between 2018 and 2019 the exports of Petroleum resins, coumarone, indene, polyterpenes decreased by -11%, from $2.04B to $1.82B. Trade in Petroleum resins, coumarone, indene, polyterpenes represent 0.01% of total world trade.

Exports In 2019 the top exporters of Petroleum resins, coumarone, indene, polyterpenes  were China ($353M), South Korea ($264M), France ($229M), United States ($205M), and Netherlands ($177M).

Imports In 2019 the top importers of Petroleum resins, coumarone, indene, polyterpenes were Germany ($182M), China ($163M), Italy ($140M), France ($119M), and United States ($101M).

Tariffs In 2018 the average tariff for Petroleum resins, coumarone, indene, polyterpenes was 4.84%, making it the 4253rd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Petroleum resins, coumarone, indene, polyterpenes are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Pakistan (19.6%), and Romania (17.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking Petroleum resins, coumarone, indene, polyterpenes ranks 148th in the Product Complexity Index (PCI).

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $353M

Top Destination (2019): Germany, $182M

Petroleum resins, coumarone, indene, polyterpenes are the world's 1401st most traded product.

In 2019, the top exporters of Petroleum resins, coumarone, indene, polyterpenes were China ($353M), South Korea ($264M), France ($229M), United States ($205M), and Netherlands ($177M).

In 2019, the top importers of Petroleum resins, coumarone, indene, polyterpenes were Germany ($182M), China ($163M), Italy ($140M), France ($119M), and United States ($101M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): China, $8.81M

Top Destination Growth (2018 - 2019): Colombia, $4.08M

Between 2018 and 2019, the exports of Petroleum resins, coumarone, indene, polyterpenes grew the fastest in China ($8.81M), Estonia ($5.03M), Russia ($2.81M), Spain ($1.75M), and Denmark ($1.38M).

Between 2018 and 2019, the fastest growing importers of Petroleum resins, coumarone, indene, polyterpenes were Colombia ($4.08M), Canada ($3.36M), Turkey ($2.63M), Serbia ($1.94M), and Russia ($1.83M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Petroleum resins, coumarone, indene, polyterpenes.

In 2019,  market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Petroleum resins, coumarone, indene, polyterpenes are explained by 11 countries.

Explore Visualizations

TOP NET EXPORTER (2019): South Korea, $219M

TOP NET IMPORTER (2019): Italy, $135M

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

In 2019, the countries that had a largest trade value in exports than in imports of Petroleum resins, coumarone, indene, polyterpenes were South Korea ($219M), China ($189M), France ($110M), United States ($104M), and Singapore ($92.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Petroleum resins, coumarone, indene, polyterpenes were Italy ($135M), Germany ($96.5M), Indonesia ($67.3M), Mexico ($63.3M), and India ($58.8M).

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Petroleum resins, coumarone, indene, polyterpenes was 4.84%. The countries with the highest tariffs for importing Petroleum resins, coumarone, indene, polyterpenes were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Pakistan (19.6%), and Romania (17.2%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Specialization

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.