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380510 (Harmonized System 1992 for 6-digit)

2023
World Trade $323MRnk 3274 / 4644
2023
Top Exporter | Top Importer $58.5M | $155MBrazil | India
2023
Product Complexity -0.71Rnk 3514 / 4656
2022 - 2023
Export Growth (CAGR) -24.9%Rnk 4001 / 4644
2023
Share of World Trade 0.0014%Rnk 3274 / 4644

About

Overview This page contains the latest trade data of Gum, wood or sulphate turpentine oils. In 2023, Gum, wood or sulphate turpentine oils were the world's 3274th most traded product, with a total trade of $323M. Between 2022 and 2023 the exports of Gum, wood or sulphate turpentine oils decreased by -24.9%, from $430M to $323M. Trade in Gum, wood or sulphate turpentine oils represent 0.0014% of total world trade.

Gum, wood or sulphate turpentine oils are a part of Turpentine.

Exports In 2023 the top exporters of Gum, wood or sulphate turpentine oils  were Brazil ($58.5M), Indonesia ($56.4M), United States ($47.2M), Vietnam ($25.1M), and Finland ($18.1M).

Imports In 2023 the top importers of Gum, wood or sulphate turpentine oils were India ($155M), France ($55M), United States ($30.1M), China ($21.8M), and Zimbabwe ($12.4M).

Ranking Gum, wood or sulphate turpentine oils ranks 3514th in the Product Complexity Index (PCI).

Description Gum, wood or sulphate turpentine oils are used to thin oil paints. They are used as a medium in which to mix other materials, to create a particular texture. They are an important aspect of the paint-making process, as they help create a thick enough consistency to cover a canvas.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gum, wood or sulphate turpentine oils. 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)Brazil$58.5M
Top Destination (2023)India$155M

In 2023 Gum, wood or sulphate turpentine oils were the world's 3274th most traded product (out of 4,644).

In 2023, the top exporters of Gum, wood or sulphate turpentine oils were Brazil ($58.5M), Indonesia ($56.4M), United States ($47.2M), Vietnam ($25.1M), and Finland ($18.1M).

In 2023, the top importers of Gum, wood or sulphate turpentine oils were India ($155M), France ($55M), United States ($30.1M), China ($21.8M), and Zimbabwe ($12.4M).

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Exporters of Gum, wood or sulphate turpentine oils (2023)
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Importers of Gum, wood or sulphate turpentine oils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$8.25M
Top Destination Growth (2022 -  2023)China$14.9M

Between 2022 and 2023, the exports of Gum, wood or sulphate turpentine oils grew the fastest in United States ($8.25M), South Africa ($7.73M), Canada ($2.37M), Uganda ($1.83M), and Germany ($1.58M).

Between 2022 and 2023, the fastest growing importers of Gum, wood or sulphate turpentine oils were China ($14.9M), Zimbabwe ($8.34M), New Zealand ($1.24M), Hong Kong ($1.17M), and Ethiopia ($572k).

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Exporters of Gum, wood or sulphate turpentine oils (2022 - 2023)

Importers of Gum, wood or sulphate turpentine oils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gum, wood or sulphate turpentine oils.

In 2023, market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Gum, wood or sulphate turpentine oils are explained by 14 countries.

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Value of Exports in Gum, wood or sulphate turpentine oils

Net Trade

TOP NET EXPORTER (2023)Brazil$58.3M
TOP NET IMPORTER (2023)India$155M

This map shows which countries export or import more of Gum, wood or sulphate turpentine oils. Each country is colored based on the difference in exports and imports of Gum, wood or sulphate turpentine oils during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Gum, wood or sulphate turpentine oils were Brazil ($58.3M), Indonesia ($55.9M), Vietnam ($24.9M), United States ($17.2M), and Finland ($16.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Gum, wood or sulphate turpentine oils were India ($155M), France ($54M), China ($16.9M), Japan ($12M), and Hong Kong ($1.99M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Gum, wood or sulphate turpentine oils.
It is possible to select the main countries that export or import Gum, wood or sulphate turpentine oils in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Gum, wood or sulphate turpentine oils 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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