HS Icon Phenolic resins, in primary forms

390940 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Phenolic resins, in primary forms. In 2019, Phenolic resins, in primary forms were the world's 1295th most traded product, with a total trade of $2.04B. Between 2018 and 2019 the exports of Phenolic resins, in primary forms decreased by -6.07%, from $2.17B to $2.04B. Trade in Phenolic resins, in primary forms represent 0.011% of total world trade.

Exports In 2019 the top exporters of Phenolic resins, in primary forms  were Japan ($229M), United States ($213M), Germany ($193M), China ($183M), and Belgium ($136M).

Imports In 2019 the top importers of Phenolic resins, in primary forms were China ($289M), Germany ($172M), United States ($117M), Canada ($82.3M), and South Korea ($76.1M).

Tariffs In 2018 the average tariff for Phenolic resins, in primary forms was 5.59%, making it the 3791st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Phenolic resins, in primary forms are Bahamas (40.2%), Bermuda (25%), Pakistan (20%), Maldives (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 Phenolic resins, in primary forms ranks 424th in the Product Complexity Index (PCI).

Description Phenolic resins are used in many industries as a protective coating and for its fire-retardant properties. It is also used in production of many synthetic fibers, plastics, and paints.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $229M

Top Destination (2019): China, $289M

Phenolic resins, in primary forms are the world's 1295th most traded product.

In 2019, the top exporters of Phenolic resins, in primary forms were Japan ($229M), United States ($213M), Germany ($193M), China ($183M), and Belgium ($136M).

In 2019, the top importers of Phenolic resins, in primary forms were China ($289M), Germany ($172M), United States ($117M), Canada ($82.3M), and South Korea ($76.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Portugal, $8.78M

Top Destination Growth (2018 - 2019): Netherlands, $9.79M

Between 2018 and 2019, the exports of Phenolic resins, in primary forms grew the fastest in Portugal ($8.78M), India ($6.81M), Netherlands ($3.88M), Russia ($2.97M), and Finland ($2.2M).

Between 2018 and 2019, the fastest growing importers of Phenolic resins, in primary forms were Netherlands ($9.79M), Iran ($4.68M), Iraq ($4.55M), Vietnam ($4.47M), and Chinese Taipei ($3.58M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Phenolic resins, in primary forms.

In 2019,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Phenolic resins, in primary forms are explained by 22 countries.

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TOP NET EXPORTER (2019): Japan, $188M

TOP NET IMPORTER (2019): China, $106M

This map shows which countries export or import more of Phenolic resins, in primary forms. Each country is colored based on the difference in exports and imports of Phenolic resins, in primary forms during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Phenolic resins, in primary forms were Japan ($188M), Belgium ($118M), United States ($95.9M), Portugal ($56.8M), and Chinese Taipei ($51.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Phenolic resins, in primary forms were China ($106M), Netherlands ($56.1M), Mexico ($55M), Thailand ($51.9M), and Vietnam ($40M).

Import Tariffs

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In 2018, the average tariff for importing Phenolic resins, in primary forms was 5.59%. The countries with the highest tariffs for importing Phenolic resins, in primary forms were Bahamas (40.2%), Bermuda (25%), Pakistan (20%), Maldives (19.6%), and Romania (17.2%).

Product Complexity

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Diversification Frontier

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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.