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Lac; gums, resins and other vegetable saps and extracts

13 (Harmonized System 1992 for 2-digit)

2022
World Trade $11BRnk 85 / 96
2022
Top Exporter | Top Importer $2.24B | $2.04BChina | United States
2022
Product Complexity -1.23Rnk 89 / 96
2021 - 2022
Export Growth (CAGR) 19.8%Rnk 10 / 96
2022
Share of World Trade 0.046%Rnk 85 / 96

About

Overview This page contains the latest trade data of Natural gums, resins & other vegetable extracts. In 2022, Natural gums, resins & other vegetable extracts were the world's 85th most traded product, with a total trade of $11B. Between 2021 and 2022 the exports of Natural gums, resins & other vegetable extracts grew by 19.8%, from $9.17B to $11B. Trade in Natural gums, resins & other vegetable extracts represent 0.046% 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 2022 the top exporters of Natural gums, resins & other vegetable extracts  were China ($2.24B), India ($1.18B), Spain ($920M), Germany ($780M), and France ($767M).

Imports In 2022 the top importers of Natural gums, resins & other vegetable extracts were United States ($2.04B), Germany ($785M), China ($569M), Japan ($500M), and France ($497M).

Ranking Natural gums, resins & other vegetable extracts ranks 89th 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 (2022)China$2.24B
Top Destination (2022)United States$2.04B

In 2022 Natural gums, resins & other vegetable extracts were the world's 85th most traded product (out of 96).

In 2022, the top exporters of Natural gums, resins & other vegetable extracts were China ($2.24B), India ($1.18B), Spain ($920M), Germany ($780M), and France ($767M).

In 2022, the top importers of Natural gums, resins & other vegetable extracts were United States ($2.04B), Germany ($785M), China ($569M), Japan ($500M), and France ($497M).

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Exporters of Natural gums, resins & other vegetable extracts (2022)
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Importers of Natural gums, resins & other vegetable extracts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$370M
Top Destination Growth (2021 -  2022)United States$357M

Between 2021 and 2022, the exports of Natural gums, resins & other vegetable extracts grew the fastest in China ($370M), France ($328M), Spain ($208M), India ($201M), and Vietnam ($92.1M).

Between 2021 and 2022, the fastest growing importers of Natural gums, resins & other vegetable extracts were United States ($357M), Germany ($116M), Japan ($110M), Italy ($104M), and China ($99.4M).

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Exporters of Natural gums, resins & other vegetable extracts (2021 - 2022)

Importers of Natural gums, resins & other vegetable extracts (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Natural gums, resins & other vegetable extracts are explained by 22 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$1.67B
TOP NET IMPORTER (2022)United States$1.37B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Natural gums, resins & other vegetable extracts were China ($1.67B), India ($810M), Spain ($571M), France ($269M), and Philippines ($207M).

In 2022, the countries that had a largest trade value in imports than in exports of Natural gums, resins & other vegetable extracts were United States ($1.37B), Japan ($456M), Russia ($319M), South Korea ($246M), and Malaysia ($163M).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Natural gums, resins & other vegetable..., disaggragated by their HS6 level were Vegetable Saps ($9.79B) and Insect Resins ($1.19B)

HS6 Disaggregation for Natural gums, resins & other vegetable extracts (2022)
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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.

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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 (2022)

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