HS Icon Styrene

290250 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Styrene. In 2019, Styrene were the world's 300th most traded product, with a total trade of $10.2B. Between 2018 and 2019 the exports of Styrene decreased by -17.3%, from $12.3B to $10.2B. Trade in Styrene represent 0.056% of total world trade.

Exports In 2019 the top exporters of Styrene  were United States ($2.24B), Saudi Arabia ($1.59B), Netherlands ($1.44B), Singapore ($657M), and South Korea ($642M).

Imports In 2019 the top importers of Styrene were China ($3.1B), India ($832M), Mexico ($651M), Belgium ($636M), and United States ($489M).

Tariffs In 2018 the average tariff for Styrene was 2.24%, making it the 6108th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Styrene are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Ethiopia (9.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Styrene ranks 1377th in the Product Complexity Index (PCI).

Description Styrene is an organic compound used to make polystyrene. Polystyrene is a hard, lightweight plastic with low cost, excellent insulating properties, and a low coefficient of friction. It is used in packaging, textiles, and construction.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $2.24B

Top Destination (2019): China, $3.1B

Styrene are the world's 300th most traded product.

In 2019, the top exporters of Styrene were United States ($2.24B), Saudi Arabia ($1.59B), Netherlands ($1.44B), Singapore ($657M), and South Korea ($642M).

In 2019, the top importers of Styrene were China ($3.1B), India ($832M), Mexico ($651M), Belgium ($636M), and United States ($489M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Saudi Arabia, $189M

Top Destination Growth (2018 - 2019): Netherlands, $89.5M

Between 2018 and 2019, the exports of Styrene grew the fastest in Saudi Arabia ($189M), Oman ($66M), United States ($59.7M), China ($45.9M), and Indonesia ($24M).

Between 2018 and 2019, the fastest growing importers of Styrene were Netherlands ($89.5M), South Korea ($88.1M), Turkey ($67M), Thailand ($15.6M), and Brazil ($4.07M).

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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 Styrene.

In 2019,  market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Styrene are explained by 12 countries.

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TOP NET EXPORTER (2019): United States, $1.76B

TOP NET IMPORTER (2019): China, $3.05B

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

In 2019, the countries that had a largest trade value in exports than in imports of Styrene were United States ($1.76B), Saudi Arabia ($1.59B), Netherlands ($1.08B), Singapore ($655M), and Japan ($629M).

In 2019, the countries that had a largest trade value in imports than in exports of Styrene were China ($3.05B), India ($828M), Mexico ($651M), Turkey ($426M), and Germany ($386M).

Import Tariffs

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In 2018, the average tariff for importing Styrene was 2.24%. The countries with the highest tariffs for importing Styrene were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Ethiopia (9.9%).

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.