HS Icon Petroleum Resins

3911 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $6.74B, Rnk 423 / 1217

2019
Top Exporter | Top Importer
: $1.2B | $787M, United States | China

2019
Product Complexity
: 1.28, Rnk 86 / 961

2018 - 2019
Export Growth (CAGR)
: -6.31%, Rnk 810 / 1217

2018
Mean Tariff
: 4.73%, Rnk 872 / 1259

 2019
Share of World Trade
: 0.037%, Rnk 423 / 1217

Overview:  This page contains the latest trade data of Petroleum Resins. In 2019, Petroleum Resins were the world's 423rd most traded product, with a total trade of $6.74B. Between 2018 and 2019 the exports of Petroleum Resins decreased by -6.31%, from  $7.19B to $6.74B. Trade in Petroleum Resins represent 0.037% of total world trade.

Exports: In 2019 the top exporters of Petroleum Resins  were United States ($1.2B), Germany ($1.08B), China ($766M), Japan ($756M), and France ($499M).

Imports: In 2019 the top importers of Petroleum Resins were China ($787M), Germany ($606M), United States ($479M), Belgium ($369M), and Italy ($345M).

Tariffs: In 2018 the average tariff for Petroleum Resins was 4.73%, making it the 872nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Petroleum Resins are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Pakistan (19.6%), and Romania (15.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Petroleum Resins ranks 86th in the Product Complexity Index (PCI).

Description: Petroleum resins are used in fuel and lubricants. Coumarone-indene resins are used in rubber, roofing, and insulation. Polyterpenes are used in coatings and adhesives. Polysulphides are used in paints and varnishes. Polysulphones are used in plastics. Other polymers and prepolymers are used in textiles, paper, and chemicals.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): United States, $1.2B

Top Destination (2019): China, $787M

Petroleum Resins are the world's 423rd most traded product.

In 2019, the top exporters of Petroleum Resins were United States ($1.2B), Germany ($1.08B), China ($766M), Japan ($756M), and France ($499M).

In 2019, the top importers of Petroleum Resins were China ($787M), Germany ($606M), United States ($479M), Belgium ($369M), and Italy ($345M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Malaysia, $12M

Top Destination Growth (2018 - 2019): Japan, $21.4M

Between 2018 and 2019, the exports of Petroleum Resins grew the fastest in Malaysia ($12M), China ($9M), United Kingdom ($8.98M), Thailand ($7.17M), and Hungary ($4.46M).

Between 2018 and 2019, the fastest growing importers of Petroleum Resins were Japan ($21.4M), Malaysia ($15.3M), Saudi Arabia ($14.1M), Cyprus ($13.4M), and Indonesia ($13.4M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Petroleum Resins.

In 2019,  market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Petroleum Resins are explained by 14 countries.

Explore Visualizations

TOP NET EXPORTER (2019): United States, $724M

TOP NET IMPORTER (2019): Italy, $254M

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

In 2019, the countries that had a largest trade value in exports than in imports of Petroleum Resins were United States ($724M), Germany ($478M), Japan ($449M), South Korea ($259M), and France ($236M).

In 2019, the countries that had a largest trade value in imports than in exports of Petroleum Resins were Italy ($254M), Mexico ($170M), Indonesia ($124M), Canada ($114M), and Brazil ($108M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Petroleum Resins, disaggragated by their HS6 level were Polysulphides, polysulphones etc, nes in primary... ($4.92B) and Petroleum resins, coumarone, indene, polyterpenes ($1.82B)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Petroleum Resins was 4.73%.  The countries with the highest tariffs for importing Petroleum Resins were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Pakistan (19.6%), and Romania (15.9%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.