HS Icon Polymers of propylene, olefins nes in primary forms

390290 (Harmonized System 1992 for 6-digit)

World Trade (2019): $3.01B, Rnk 989 / 4648

Top Exporter (2019): $580M, United States

Top Importer (2019): $497M, China

Product Complexity (2019): 0.81, Rnk 1074 / 4826

Export Growth (CAGR)(2018 - 2019): -3.58%, Rnk 2329 / 4648

Mean Tariff (2018): 4.41%, Rnk 4606 / 6538

Share of World Trade (2019): 0.017%, Rnk 989 / 4648

Overview:  This page contains the latest trade data of Polymers of propylene, olefins nes in primary forms. In 2019, Polymers of propylene, olefins nes in primary forms were the world's 989th most traded product, with a total trade of $3.01B. Between 2018 and 2019 the exports of Polymers of propylene, olefins nes in primary forms decreased by -3.58%, from  $3.12B to $3.01B. Trade in Polymers of propylene, olefins nes in primary forms represent 0.017% of total world trade.

Exports: In 2019 the top exporters of Polymers of propylene, olefins nes in primary forms  were United States ($580M), Belgium ($545M), South Korea ($289M), Japan ($236M), and Netherlands ($208M).

Imports: In 2019 the top importers of Polymers of propylene, olefins nes in primary forms were China ($497M), Germany ($306M), Belgium ($209M), France ($195M), and United States ($148M).

Tariffs: In 2018 the average tariff for Polymers of propylene, olefins nes in primary forms was 4.41%, making it the 4606th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Polymers of propylene, olefins nes in primary forms are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (17.2%), and Cuba (14.7%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Polymers of propylene, olefins nes in primary forms ranks 1074th in the Product Complexity Index (PCI).

Description: Polymers of propylene are common plastic materials. Polymers of olefins are common as a type of plastic and insulation.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $580M

Top Destination (2019): China, $497M

Polymers of propylene, olefins nes in primary forms are the world's 989th most traded product.

In 2019, the top exporters of Polymers of propylene, olefins nes in primary forms were United States ($580M), Belgium ($545M), South Korea ($289M), Japan ($236M), and Netherlands ($208M).

In 2019, the top importers of Polymers of propylene, olefins nes in primary forms were China ($497M), Germany ($306M), Belgium ($209M), France ($195M), and United States ($148M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $44.1M

Top Destination Growth (2018 - 2019): Netherlands, $41.4M

Between 2018 and 2019, the exports of Polymers of propylene, olefins nes in primary forms grew the fastest in United States ($44.1M), Netherlands ($32.6M), Germany ($9.16M), Canada ($7.63M), and South Korea ($4.49M).

Between 2018 and 2019, the fastest growing importers of Polymers of propylene, olefins nes in primary forms were Netherlands ($41.4M), Saudi Arabia ($13.5M), Belgium ($13.1M), Malaysia ($11.1M), and Mexico ($10.6M).

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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 Polymers of propylene, olefins nes in primary forms.

In 2019,  market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Polymers of propylene, olefins nes in primary forms are explained by 15 countries.

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TOP NET EXPORTER (2019): United States, $432M

TOP NET IMPORTER (2019): China, $457M

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

In 2019, the countries that had a largest trade value in exports than in imports of Polymers of propylene, olefins nes in primary forms were United States ($432M), Belgium ($336M), South Korea ($206M), Japan ($152M), and Netherlands ($78.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Polymers of propylene, olefins nes in primary forms were China ($457M), Germany ($115M), Mexico ($76.4M), France ($71.4M), and India ($64.4M).

Import Tariffs

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In 2018, the average tariff for importing Polymers of propylene, olefins nes in primary forms was 4.41%.  The countries with the highest tariffs for importing Polymers of propylene, olefins nes in primary forms were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (17.2%), and Cuba (14.7%).

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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.