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Lac; gums, resins and other vegetable saps and extracts

13 (Harmonized System 1992 for 2-digit)

2023
World Trade $9.22BRnk 85 / 96
2023
Top Exporter | Top Importer $1.67B | $1.59BChina | United States
2023
Product Complexity -1.14Rnk 87 / 96
2022 - 2023
Export Growth (CAGR) -13.7%Rnk 81 / 96
2023
Share of World Trade 0.041%Rnk 85 / 96

About

Overview This page contains the latest trade data of Natural gums, resins & other vegetable extracts. In 2023, Natural gums, resins & other vegetable extracts were the world's 85th most traded product, with a total trade of $9.22B. Between 2022 and 2023 the exports of Natural gums, resins & other vegetable extracts decreased by -13.7%, from $10.7B to $9.22B. Trade in Natural gums, resins & other vegetable extracts represent 0.041% of total world trade.

Natural gums, resins & other vegetable extracts are a part of Vegetable Products. They include Vegetable Saps and Insect Resins.

Exports In 2023 the top exporters of Natural gums, resins & other vegetable extracts  were China ($1.67B), India ($1.11B), France ($771M), Germany ($705M), and Spain ($614M).

Imports In 2023 the top importers of Natural gums, resins & other vegetable extracts were United States ($1.59B), Germany ($631M), China ($471M), France ($434M), and India ($399M).

Ranking Natural gums, resins & other vegetable extracts ranks 87th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Natural gums, resins & other vegetable extracts. 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$1.67B
Top Destination (2023)United States$1.59B

In 2023 Natural gums, resins & other vegetable extracts were the world's 85th most traded product (out of 96).

In 2023, the top exporters of Natural gums, resins & other vegetable extracts were China ($1.67B), India ($1.11B), France ($771M), Germany ($705M), and Spain ($614M).

In 2023, the top importers of Natural gums, resins & other vegetable extracts were United States ($1.59B), Germany ($631M), China ($471M), France ($434M), and India ($399M).

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Exporters of Natural gums, resins & other vegetable extracts (2023)
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Importers of Natural gums, resins & other vegetable extracts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Chile$35.1M
Top Destination Growth (2022 -  2023)Hong Kong$55.4M

Between 2022 and 2023, the exports of Natural gums, resins & other vegetable extracts grew the fastest in Chile ($35.1M), Afghanistan ($29.4M), Belgium ($25.3M), Mali ($13.2M), and Uzbekistan ($7.33M).

Between 2022 and 2023, the fastest growing importers of Natural gums, resins & other vegetable extracts were Hong Kong ($55.4M), Netherlands ($36.5M), India ($17.7M), Algeria ($12.2M), and Czechia ($12.2M).

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Exporters of Natural gums, resins & other vegetable extracts (2022 - 2023)

Importers of Natural gums, resins & other vegetable extracts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Natural gums, resins & other vegetable extracts.

In 2023, market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Natural gums, resins & other vegetable extracts are explained by 24 countries.

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Value of Exports in Natural gums, resins & other vegetable extracts

Net Trade

TOP NET EXPORTER (2023)China$1.2B
TOP NET IMPORTER (2023)United States$1.08B

This map shows which countries export or import more of Natural gums, resins & other vegetable extracts. Each country is colored based on the difference in exports and imports of Natural gums, resins & other vegetable extracts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Natural gums, resins & other vegetable extracts were China ($1.2B), India ($711M), France ($337M), Spain ($306M), and Philippines ($201M).

In 2023, the countries that had a largest trade value in imports than in exports of Natural gums, resins & other vegetable extracts were United States ($1.08B), Japan ($307M), Russia ($273M), South Korea ($191M), and Hong Kong ($161M).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Natural gums, resins & other vegetable..., disaggragated by their HS6 level were Vegetable Saps ($8.08B) and Insect Resins ($1.13B)

HS6 Disaggregation for Natural gums, resins & other vegetable extracts (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Natural gums, resins & other vegetable extracts.
It is possible to select the main countries that export or import Natural gums, resins & other vegetable extracts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Natural gums, resins & other vegetable extracts by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $69.5M
TOP IMPORT POTENTIALChina+ $34.6M

Natural gums, resins & other vegetable extracts’s highest export potential is China. With an export gap of $69.5M.  Natural gums, resins & other vegetable extracts’s highest import potential is China with an import gap of $34.6M.

See methodology.

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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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