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152190 (Harmonized System 1992 for 6-digit)

2023
World Trade $129MRnk 3938 / 4644
2023
Top Exporter | Top Importer $34.6M | $23.4MChina | United States
2023
Product Complexity -1.88Rnk 4480 / 4656
2022 - 2023
Export Growth (CAGR) -23%Rnk 3889 / 4644
2023
Share of World Trade 0.00057%Rnk 3938 / 4644

About

Overview This page contains the latest trade data of Beeswax, other insect waxes and spermaceti. In 2023, Beeswax, other insect waxes and spermaceti were the world's 3938th most traded product, with a total trade of $129M. Between 2022 and 2023 the exports of Beeswax, other insect waxes and spermaceti decreased by -23%, from $168M to $129M. Trade in Beeswax, other insect waxes and spermaceti represent 0.00057% of total world trade.

Beeswax, other insect waxes and spermaceti are a part of Vegetable waxes and beeswax.

Exports In 2023 the top exporters of Beeswax, other insect waxes and spermaceti  were China ($34.6M), Germany ($17.3M), Vietnam ($8.43M), Brazil ($6.08M), and France ($5.75M).

Imports In 2023 the top importers of Beeswax, other insect waxes and spermaceti were United States ($23.4M), Germany ($18.7M), France ($11.4M), Japan ($9.58M), and Italy ($5.17M).

Ranking Beeswax, other insect waxes and spermaceti ranks 4480th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Beeswax, other insect waxes and spermaceti. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$34.6M
Top Destination (2023)United States$23.4M

In 2023 Beeswax, other insect waxes and spermaceti were the world's 3938th most traded product (out of 4,644).

In 2023, the top exporters of Beeswax, other insect waxes and spermaceti were China ($34.6M), Germany ($17.3M), Vietnam ($8.43M), Brazil ($6.08M), and France ($5.75M).

In 2023, the top importers of Beeswax, other insect waxes and spermaceti were United States ($23.4M), Germany ($18.7M), France ($11.4M), Japan ($9.58M), and Italy ($5.17M).

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Exporters of Beeswax, other insect waxes and spermaceti (2023)
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Importers of Beeswax, other insect waxes and spermaceti (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)New Zealand$959k
Top Destination Growth (2022 -  2023)Netherlands$1.74M

Between 2022 and 2023, the exports of Beeswax, other insect waxes and spermaceti grew the fastest in New Zealand ($959k), Togo ($750k), Indonesia ($621k), Turkey ($547k), and Burkina Faso ($388k).

Between 2022 and 2023, the fastest growing importers of Beeswax, other insect waxes and spermaceti were Netherlands ($1.74M), Algeria ($1.11M), Ethiopia ($658k), Russia ($426k), and Turkey ($371k).

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Exporters of Beeswax, other insect waxes and spermaceti (2022 - 2023)

Importers of Beeswax, other insect waxes and spermaceti (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Beeswax, other insect waxes and spermaceti.

In 2023, market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Beeswax, other insect waxes and spermaceti are explained by 19 countries.

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Value of Exports in Beeswax, other insect waxes and spermaceti

Net Trade

TOP NET EXPORTER (2023)China$32.8M
TOP NET IMPORTER (2023)United States$17.7M

This map shows which countries export or import more of Beeswax, other insect waxes and spermaceti. Each country is colored based on the difference in exports and imports of Beeswax, other insect waxes and spermaceti during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Beeswax, other insect waxes and spermaceti were China ($32.8M), Vietnam ($8.12M), Brazil ($5.8M), Tanzania ($4.05M), and Argentina ($3.31M).

In 2023, the countries that had a largest trade value in imports than in exports of Beeswax, other insect waxes and spermaceti were United States ($17.7M), Japan ($8.22M), France ($5.62M), Italy ($3.55M), and United Kingdom ($2.44M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Beeswax, other insect waxes and spermaceti.
It is possible to select the main countries that export or import Beeswax, other insect waxes and spermaceti in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Beeswax, other insect waxes and spermaceti by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

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