HS Icon Styrene Polymers

3903 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $20.6B, Rnk 181 / 1217

2019
Top Exporter | Top Importer
: $3.5B | $4.95B, South Korea | China

2019
Product Complexity
: 0.73, Rnk 249 / 961

2018 - 2019
Export Growth (CAGR)
: -16.4%, Rnk 1104 / 1217

2018
Mean Tariff
: 4.53%, Rnk 903 / 1259

 2019
Share of World Trade
: 0.11%, Rnk 181 / 1217

Overview:  This page contains the latest trade data of Styrene Polymers. In 2019, Styrene Polymers were the world's 181st most traded product, with a total trade of $20.6B. Between 2018 and 2019 the exports of Styrene Polymers decreased by -16.4%, from  $24.6B to $20.6B. Trade in Styrene Polymers represent 0.11% of total world trade.

Exports: In 2019 the top exporters of Styrene Polymers  were South Korea ($3.5B), Chinese Taipei ($3.08B), Belgium ($1.47B), Germany ($1.32B), and United States ($1.25B).

Imports: In 2019 the top importers of Styrene Polymers were China ($4.95B), Germany ($1.25B), United States ($1.14B), Hong Kong ($996M), and Mexico ($807M).

Tariffs: In 2018 the average tariff for Styrene Polymers was 4.53%, making it the 903rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Styrene Polymers are Bahamas (41.4%), Bermuda (25%), Maldives (19.6%), Romania (15.2%), and Argentina (12.1%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Styrene Polymers ranks 249th in the Product Complexity Index (PCI).

Description: Polymers of styrene are used in the production of polystyrene, styrene-butadiene rubber, and polystyrene-polybutadiene.

Exporters and Importers

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Trade By Country

Top Origin (2019): South Korea, $3.5B

Top Destination (2019): China, $4.95B

Styrene Polymers are the world's 181st most traded product.

In 2019, the top exporters of Styrene Polymers were South Korea ($3.5B), Chinese Taipei ($3.08B), Belgium ($1.47B), Germany ($1.32B), and United States ($1.25B).

In 2019, the top importers of Styrene Polymers were China ($4.95B), Germany ($1.25B), United States ($1.14B), Hong Kong ($996M), and Mexico ($807M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $50M

Top Destination Growth (2018 - 2019): Luxembourg, $8.55M

Between 2018 and 2019, the exports of Styrene Polymers grew the fastest in Turkey ($50M), Malaysia ($43.2M), Indonesia ($10M), United Kingdom ($5.54M), and Philippines ($4.66M).

Between 2018 and 2019, the fastest growing importers of Styrene Polymers were Luxembourg ($8.55M), Bangladesh ($8.52M), Nigeria ($4.11M), Saudi Arabia ($3.97M), and Cambodia ($3.04M).

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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 Styrene Polymers.

In 2019,  market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Styrene Polymers are explained by 21 countries.

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TOP NET EXPORTER (2019): South Korea, $3.34B

TOP NET IMPORTER (2019): China, $4.36B

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

In 2019, the countries that had a largest trade value in exports than in imports of Styrene Polymers were South Korea ($3.34B), Chinese Taipei ($2.99B), Belgium ($1.19B), Netherlands ($747M), and Malaysia ($568M).

In 2019, the countries that had a largest trade value in imports than in exports of Styrene Polymers were China ($4.36B), Poland ($563M), Vietnam ($559M), Hong Kong ($514M), and Turkey ($353M).

Disaggregation

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Value

In 2019, the world most traded Styrene Polymers, disaggragated by their HS6 level were Acrylonitrile-butadiene-styrene (ABS) copolymers ($7.29B), Polystyrene, except expansible in primary forms ($4.62B), Polymers of styrene except SAN or... ($4.18B), Polystyrene, expansible in primary forms ($3.52B), and Styrene-acrylonitrile (SAN) copolymers, primary forms ($996M)

Import Tariffs

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In 2018, the average tariff for importing Styrene Polymers was 4.53%.  The countries with the highest tariffs for importing Styrene Polymers were Bahamas (41.4%), Bermuda (25%), Maldives (19.6%), Romania (15.2%), and Argentina (12.1%).

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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.