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.