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2023
Exports $1.2BWorld Rnk 1 / 124
Flag Rnk 382 / 1215
2023
Destination $15.5M India
2022 - 2023
FASTEST GROWING MARKET $15.5MPhilippines
2023
PRODUCT COMPLEXITY IN Petroleum Resins1.47Rnk 49 / 1025
2023
Imports $757MWorld Rnk 1 / 200
Flag Rnk 266 / 1214
2023
Origin $9.46M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $9.46MIndia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $1.2B in Petroleum Resins, making it the 1st largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 382nd most exported product in China. The main destination of Petroleum Resins exports from China are: India ($107M), United States ($79M), South Korea ($78.5M), Belgium ($58.6M), and Japan ($50.5M).

The fastest growing export markets for Petroleum Resins of China between 2022 and 2023 were Philippines ($15.5M), Poland ($9.4M), and Russia ($6.43M).

Imports In 2023, China imported $757M in Petroleum Resins, becoming the 1st largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 266th most imported product in China. China imports Petroleum Resins primarily from: South Korea ($187M), United States ($164M), Japan ($154M), Germany ($70.7M), and Chinese Taipei ($43M).

The fastest growing import markets in Petroleum Resins for China between 2022 and 2023 were India ($9.46M), Vietnam ($2.3M), and Austria ($1.08M).

COMPANIES In 2024, leading companies such as Electrolux (59), TE Connectivity (5), and Walmart (3) were at the forefront of shipping Petroleum Resins from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Petroleum Resins exports accounted up to $99.3M and imports accounted up to $77.6M, resulting in a positive trade balance of $21.7M. Between December 2023 and December 2024 the exports of China's   Petroleum Resins have increased by $19.4M (24.2%) from $80M to $99.3M, while imports increased by $8.14M (11.7%) from $69.5M to $77.6M.

Destinations In December 2024, Petroleum Resins were exported mostly to India ($7.38M), South Korea ($6.33M), Vietnam ($5.84M), United States ($5.77M), and Belgium ($5.34M), and were imported mostly from South Korea ($22.1M), Japan ($18.6M), United States ($10.5M), Germany ($7.92M), and Singapore ($4.3M).

Growth In December 2024, the increase in Petroleum Resins's year-by-year exports was explained primarily by an increase in exports to Vietnam ($2.16M or 93.5%), Belgium ($1.53M or 35.6%), and Poland ($1.42M or 93.3%). In December 2024, the increase in Petroleum Resins's year-by-year imports was explained primarily by an increase in imports from Japan ($2.26M or 26.8%), Chinese Taipei ($2.05M or 90.3%), and Malaysia ($1.41M or 666%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$19.4M(24.2%)
IMPORT GROWTH (December 2023 - December 2024)$8.14M(11.7%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)India$7.38M

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 (2023)$1.2B
IMPORTS (2023)$757M
NET TRADE (2023)$444M

In 2023, China exported $1.2B in Petroleum Resins. The main destinations of China exports on Petroleum Resins were India ($107M), United States ($79M), South Korea ($78.5M), Belgium ($58.6M), and Japan ($50.5M).

In 2023, China imported $757M in Petroleum Resins, mainly from South Korea ($187M), United States ($164M), Japan ($154M), Germany ($70.7M), and Chinese Taipei ($43M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR China WERE (2022 - 2023):
Philippines$15.5M (120%)
Poland$9.4M (61.3%)
Russia$6.43M (23.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY China WERE (2022 - 2023):
Belgium-$50.3M (-46.2%)
United States-$41.4M (-34.4%)
Brazil-$24M (-37.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Petroleum Resins were:
United States $1.15B
Germany $1.08B
In 2023, China's main importing competitors in Petroleum Resins were:
Germany $578M
United States $568M

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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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