2022
Exports
$99MWorld Rnk 14 / 123
Flag Rnk 431 / 1212
2022
PRODUCT COMPLEXITY IN Petroleum Resins
1.53Rnk 46 / 1025
2022
Imports
$272MWorld Rnk 9 / 197
Flag Rnk 261 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $99M in Petroleum Resins, making it the 14th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 431st most exported product in India. The main destination of Petroleum Resins exports from India are: United States ($17.3M), China ($16.9M), Dominican Republic ($12.4M), Germany ($7.74M), and South Korea ($7.6M).

The fastest growing export markets for Petroleum Resins of India between 2021 and 2022 were Dominican Republic ($12.4M), China ($6.14M), and South Korea ($2.98M).

Imports In 2022, India imported $272M in Petroleum Resins, becoming the 9th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 261st most imported product in India. India imports Petroleum Resins primarily from: China ($119M), Japan ($26.3M), Germany ($23.1M), Thailand ($21.9M), and South Korea ($20.8M).

The fastest growing import markets in Petroleum Resins for India between 2021 and 2022 were China ($36.5M), United States ($4.16M), and Germany ($3.72M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Petroleum Resins. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$99M
IMPORTS (2022)$272M
NET TRADE (2022)-$173M

In 2022, India exported $99M in Petroleum Resins. The main destinations of India exports on Petroleum Resins were United States ($17.3M), China ($16.9M), Dominican Republic ($12.4M), Germany ($7.74M), and South Korea ($7.6M).

In 2022, India imported $272M in Petroleum Resins, mainly from China ($119M), Japan ($26.3M), Germany ($23.1M), Thailand ($21.9M), and South Korea ($20.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR India WERE (2021 - 2022):
China$6.14M (57.1%)
South Korea$2.98M (64.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY India WERE (2021 - 2022):
Belgium-$12.3M (-70.8%)
Japan-$2.91M (-36.3%)
Trinidad and Tobago-$678k (-27%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Petroleum Resins were:
In 2022, India's main importing competitors in Petroleum Resins were:

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $18.1M
TOP IMPORT POTENTIALChina+ $51.1M

Petroleum Resins’s highest export potential is China. With an export gap of $18.1M.   Petroleum Resins’s highest import potential is China with an import gap of $51.1M.

See methodology.

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