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271290 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.8BRnk 1520 / 4644
2023
Top Exporter | Top Importer $278M | $172MUnited States | Canada
2023
Product Complexity 0.054Rnk 2467 / 4656
2022 - 2023
Export Growth (CAGR) -23.1%Rnk 3899 / 4644
2023
Share of World Trade 0.008%Rnk 1520 / 4644

About

Overview This page contains the latest trade data of Mineral waxes nes. In 2023, Mineral waxes nes were the world's 1520th most traded product, with a total trade of $1.8B. Between 2022 and 2023 the exports of Mineral waxes nes decreased by -23.1%, from $2.34B to $1.8B. Trade in Mineral waxes nes represent 0.008% of total world trade.

Mineral waxes nes are a part of Petroleum Jelly.

Exports In 2023 the top exporters of Mineral waxes nes  were United States ($278M), China ($175M), Germany ($135M), Netherlands ($123M), and United Arab Emirates ($96.4M).

Imports In 2023 the top importers of Mineral waxes nes were Canada ($172M), Netherlands ($169M), India ($149M), Germany ($124M), and United States ($123M).

Ranking Mineral waxes nes ranks 2467th in the Product Complexity Index (PCI).

Description Mineral waxes are used to coat surfaces of metal, wood, or stone to protect them from moisture and corrosion. Mineral waxes are often used in cosmetics to create a barrier to the skin, and in the candle industry to create a protective layer on the surface of the wax.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Mineral waxes nes. 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)United States$278M
Top Destination (2023)Canada$172M

In 2023 Mineral waxes nes were the world's 1520th most traded product (out of 4,644).

In 2023, the top exporters of Mineral waxes nes were United States ($278M), China ($175M), Germany ($135M), Netherlands ($123M), and United Arab Emirates ($96.4M).

In 2023, the top importers of Mineral waxes nes were Canada ($172M), Netherlands ($169M), India ($149M), Germany ($124M), and United States ($123M).

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Exporters of Mineral waxes nes (2023)
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Importers of Mineral waxes nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Kingdom$17.3M
Top Destination Growth (2022 -  2023)South Africa$11.7M

Between 2022 and 2023, the exports of Mineral waxes nes grew the fastest in United Kingdom ($17.3M), Italy ($6.76M), United Arab Emirates ($6.74M), Hong Kong ($2.09M), and Uzbekistan ($1.76M).

Between 2022 and 2023, the fastest growing importers of Mineral waxes nes were South Africa ($11.7M), Netherlands ($6.56M), China ($6.4M), Chinese Taipei ($4.3M), and United Arab Emirates ($4.16M).

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Exporters of Mineral waxes nes (2022 - 2023)

Importers of Mineral waxes nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Mineral waxes nes.

In 2023, market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Mineral waxes nes are explained by 23 countries.

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Value of Exports in Mineral waxes nes

Net Trade

TOP NET EXPORTER (2023)United States$155M
TOP NET IMPORTER (2023)India$135M

This map shows which countries export or import more of Mineral waxes nes. Each country is colored based on the difference in exports and imports of Mineral waxes nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Mineral waxes nes were United States ($155M), China ($92.2M), United Arab Emirates ($86.3M), Thailand ($69.1M), and Egypt ($56.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Mineral waxes nes were India ($135M), Canada ($95.2M), Poland ($85.7M), Mexico ($47.9M), and Netherlands ($45.9M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Mineral waxes nes 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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