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2022
Exports $1.28BWorld Rnk 2 / 123
Flag Rnk 383 / 1216
2022
Destination $39.6M India
2021 - 2022
FASTEST GROWING MARKET $39.6MUnited States
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $901MWorld Rnk 1 / 197
Flag Rnk 238 / 1212
2022
Origin $40M United States
2021 - 2022
FASTEST GROWING ORIGIN $40MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.28B in Petroleum Resins, making it the 2nd largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 383rd most exported product in China. The main destination of Petroleum Resins exports from China are: India ($119M), United States ($109M), Belgium ($99.9M), South Korea ($91.5M), and Brazil ($59.1M).

The fastest growing export markets for Petroleum Resins of China between 2021 and 2022 were United States ($39.6M), Belgium ($37M), and India ($36.5M).

Imports In 2022, China imported $901M in Petroleum Resins, becoming the 1st largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 238th most imported product in China. China imports Petroleum Resins primarily from: United States ($225M), Japan ($206M), South Korea ($195M), Germany ($81.1M), and Chinese Taipei ($50.8M).

The fastest growing import markets in Petroleum Resins for China between 2021 and 2022 were United States ($40M), Vietnam ($6.64M), and India ($6.14M).

COMPANIES In 2023, leading companies such as Electrolux (18), Tredit Tire & Wheel (6), and TE Connectivity (3) were at the forefront of shipping Petroleum Resins from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Petroleum Resins exports accounted up to $107M and imports accounted up to $69M, resulting in a positive trade balance of $37.7M. Between October 2023 and October 2024 the exports of China's   Petroleum Resins have increased by $27.9M (35.5%) from $78.8M to $107M, while imports increased by $2.61M (3.93%) from $66.4M to $69M.

Destinations In October 2024, Petroleum Resins were exported mostly to India ($8.71M), South Korea ($7.67M), United States ($7.16M), Italy ($6.15M), and Belgium ($5.68M), and were imported mostly from Japan ($17.8M), South Korea ($15.6M), United States ($12.9M), Germany ($6.34M), and Singapore ($4.69M).

Growth In October 2024, the increase in Petroleum Resins's year-by-year exports was explained primarily by an increase in exports to Turkey ($3.87M or 245%), Netherlands ($1.74M or 60.4%), and India ($1.72M or 19.1%). In October 2024, the increase in Petroleum Resins's year-by-year imports was explained primarily by an increase in imports from India ($1.45M or 86.9%), United States ($1.37M or 11.1%), and Spain ($296k or 118%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$27.9M(35.5%)
IMPORT GROWTH (October 2023 - October 2024)$2.61M(3.93%)
MAIN EXPORTER (October 2024)Zhejiang Province$54.1M
MAIN DESTINATION (October 2024)India$8.71M

This section shows Petroleum Resins's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Petroleum Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.28B
IMPORTS (2022)$901M
NET TRADE (2022)$382M

In 2022, China exported $1.28B in Petroleum Resins. The main destinations of China exports on Petroleum Resins were India ($119M), United States ($109M), Belgium ($99.9M), South Korea ($91.5M), and Brazil ($59.1M).

In 2022, China imported $901M in Petroleum Resins, mainly from United States ($225M), Japan ($206M), South Korea ($195M), Germany ($81.1M), and Chinese Taipei ($50.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$39.6M (57%)
Belgium$37M (58.8%)
India$36.5M (44.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY China WERE (2021 - 2022):
Hong Kong-$18.6M (-58.4%)
Germany-$16.2M (-48.4%)
China-$11.6M (-67%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Petroleum Resins were:
United States $1.31B
Germany $1.24B
In 2022, China's main importing competitors in Petroleum Resins were:
United States $662M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $51.1M
TOP IMPORT POTENTIALGermany+ $24M

Petroleum Resins’s highest export potential is India. With an export gap of $51.1M.   Petroleum Resins’s highest import potential is Germany with an import gap of $24M.

See methodology.

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