NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

271220 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.85BRnk 1496 / 4644
2023
Top Exporter | Top Importer $879M | $222MChina | Mexico
2023
Product Complexity -0.22Rnk 2876 / 4656
2022 - 2023
Export Growth (CAGR) -29.1%Rnk 4197 / 4644
2023
Share of World Trade 0.0082%Rnk 1496 / 4644

About

Overview This page contains the latest trade data of Paraffin wax containing <0.75% oil. In 2023, Paraffin wax containing <0.75% oil were the world's 1496th most traded product, with a total trade of $1.85B. Between 2022 and 2023 the exports of Paraffin wax containing <0.75% oil decreased by -29.1%, from $2.6B to $1.85B. Trade in Paraffin wax containing <0.75% oil represent 0.0082% of total world trade.

Paraffin wax containing <0.75% oil are a part of Petroleum Jelly.

Exports In 2023 the top exporters of Paraffin wax containing <0.75% oil  were China ($879M), Germany ($138M), Spain ($121M), Netherlands ($107M), and South Africa ($102M).

Imports In 2023 the top importers of Paraffin wax containing <0.75% oil were Mexico ($222M), United States ($188M), Poland ($157M), Germany ($124M), and Canada ($114M).

Ranking Paraffin wax containing <0.75% oil ranks 2876th in the Product Complexity Index (PCI).

Description Paraffin wax is used in many different products that need to be melted or softened. These products need a lower melting point than most waxes and fats. For example, paraffin wax can be used in candles, lipsticks, crayons, chewing gum, and wax paper.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Paraffin wax containing <0.75% oil. Countries are shown based on data availability.

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

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)China$879M
Top Destination (2023)Mexico$222M

In 2023 Paraffin wax containing <0.75% oil were the world's 1496th most traded product (out of 4,644).

In 2023, the top exporters of Paraffin wax containing <0.75% oil were China ($879M), Germany ($138M), Spain ($121M), Netherlands ($107M), and South Africa ($102M).

In 2023, the top importers of Paraffin wax containing <0.75% oil were Mexico ($222M), United States ($188M), Poland ($157M), Germany ($124M), and Canada ($114M).

Explore Visualizations

Exporters of Paraffin wax containing <0.75% oil (2023)
[Click to Select a Country]

Importers of Paraffin wax containing <0.75% oil (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Uzbekistan$37.1M
Top Destination Growth (2022 -  2023)Brazil$35.9M

Between 2022 and 2023, the exports of Paraffin wax containing <0.75% oil grew the fastest in Uzbekistan ($37.1M), Oman ($3.9M), Qatar ($2.09M), Hong Kong ($1.77M), and Switzerland ($1.22M).

Between 2022 and 2023, the fastest growing importers of Paraffin wax containing <0.75% oil were Brazil ($35.9M), United Arab Emirates ($31.4M), Vietnam ($23.9M), Djibouti ($7.16M), and Ecuador ($2.54M).

Explore Visualizations

Exporters of Paraffin wax containing <0.75% oil (2022 - 2023)

Importers of Paraffin wax containing <0.75% oil (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Paraffin wax containing <0.75% oil.

In 2023, market concentration measured using Shannon Entropy, was 3.18. This means that most of the exports of Paraffin wax containing <0.75% oil are explained by 9 countries.

Explore Visualizations

Value of Exports in Paraffin wax containing <0.75% oil

Net Trade

TOP NET EXPORTER (2023)China$853M
TOP NET IMPORTER (2023)Mexico$222M

This map shows which countries export or import more of Paraffin wax containing <0.75% oil. Each country is colored based on the difference in exports and imports of Paraffin wax containing <0.75% oil during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Paraffin wax containing <0.75% oil were China ($853M), South Africa ($91.6M), Spain ($90.7M), Malaysia ($75.1M), and Egypt ($57.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Paraffin wax containing <0.75% oil were Mexico ($222M), United States ($148M), Poland ($144M), Canada ($88.3M), and Brazil ($79.8M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Paraffin wax containing <0.75% oil.
It is possible to select the main countries that export or import Paraffin wax containing <0.75% oil in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Paraffin wax containing <0.75% oil 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms