HS Icon Propylene Polymers

3902 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $44B, Rnk 86 / 1217

2019
Top Exporter | Top Importer
: $5.88B | $6.05B, Saudi Arabia | China

2019
Product Complexity
: 0.12, Rnk 488 / 961

2018 - 2019
Export Growth (CAGR)
: -6.83%, Rnk 840 / 1217

2018
Mean Tariff
: 4.17%, Rnk 962 / 1259

 2019
Share of World Trade
: 0.24%, Rnk 86 / 1217

Overview:  This page contains the latest trade data of Propylene Polymers. In 2019, Propylene Polymers were the world's 86th most traded product, with a total trade of $44B. Between 2018 and 2019 the exports of Propylene Polymers decreased by -6.83%, from  $47.3B to $44B. Trade in Propylene Polymers represent 0.24% of total world trade.

Exports: In 2019 the top exporters of Propylene Polymers  were Saudi Arabia ($5.88B), South Korea ($4.19B), Belgium ($4.07B), United States ($3.5B), and Germany ($3.01B).

Imports: In 2019 the top importers of Propylene Polymers were China ($6.05B), Germany ($2.88B), Turkey ($2.68B), Italy ($2.25B), and Mexico ($1.64B).

Tariffs: In 2018 the average tariff for Propylene Polymers was 4.17%, making it the 962nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Propylene Polymers are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Brazil (13.5%), and Argentina (13.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Propylene Polymers ranks 488th in the Product Complexity Index (PCI).

Description: Polymers of propylene or other olefins are used in a variety of applications, including plastics, elastomers, fibers, and other products.

Exporters and Importers

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Trade By Country

Top Origin (2019): Saudi Arabia, $5.88B

Top Destination (2019): China, $6.05B

Propylene Polymers are the world's 86th most traded product.

In 2019, the top exporters of Propylene Polymers were Saudi Arabia ($5.88B), South Korea ($4.19B), Belgium ($4.07B), United States ($3.5B), and Germany ($3.01B).

In 2019, the top importers of Propylene Polymers were China ($6.05B), Germany ($2.88B), Turkey ($2.68B), Italy ($2.25B), and Mexico ($1.64B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $398M

Top Destination Growth (2018 - 2019): China, $75.3M

Between 2018 and 2019, the exports of Propylene Polymers grew the fastest in United Arab Emirates ($398M), Malaysia ($238M), Vietnam ($99M), Azerbaijan ($67.5M), and Egypt ($62.8M).

Between 2018 and 2019, the fastest growing importers of Propylene Polymers were China ($75.3M), Philippines ($52.4M), Nigeria ($49.1M), Malaysia ($43.3M), and Indonesia ($42.4M).

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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 Propylene Polymers.

In 2019,  market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Propylene Polymers are explained by 24 countries.

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TOP NET EXPORTER (2019): Saudi Arabia, $5.75B

TOP NET IMPORTER (2019): China, $5.45B

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

In 2019, the countries that had a largest trade value in exports than in imports of Propylene Polymers were Saudi Arabia ($5.75B), South Korea ($4.03B), Belgium ($2.55B), United States ($2.4B), and Singapore ($2.03B).

In 2019, the countries that had a largest trade value in imports than in exports of Propylene Polymers were China ($5.45B), Turkey ($2.64B), Mexico ($1.58B), Indonesia ($1.41B), and Italy ($1.36B).

Disaggregation

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Value

In 2019, the world most traded Propylene Polymers, disaggragated by their HS6 level were Polypropylene in primary forms ($25.3B), Propylene copolymers in primary forms ($14.8B), Polymers of propylene, olefins nes in... ($3.01B), and Polyisobutylene in primary forms ($984M)

Import Tariffs

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In 2018, the average tariff for importing Propylene Polymers was 4.17%.  The countries with the highest tariffs for importing Propylene Polymers were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Brazil (13.5%), and Argentina (13.5%).

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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.