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Modelling pastes, including those for children; dental wax, impression compounds, in sets or packings for retail sale or in plates and similar forms; dentistry preparations with plaster base

3407 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.23BRnk 888 / 1217
2023
Top Exporter | Top Importer $464M | $318MChina | United States
2023
Product Complexity 1.38Rnk 70 / 1044
2022 - 2023
Export Growth (CAGR) -5.79%Rnk 589 / 1217
2023
Share of World Trade 0.0054%Rnk 888 / 1217

About

Overview This page contains the latest trade data of Pastes and Waxes. In 2023, Pastes and Waxes were the world's 888th most traded product, with a total trade of $1.23B. Between 2022 and 2023 the exports of Pastes and Waxes decreased by -5.79%, from $1.3B to $1.23B. Trade in Pastes and Waxes represent 0.0054% of total world trade.

Pastes and Waxes are a part of Soap, cleaners, candles, dental, modelling pastes. They include Model paste, dental paste and wax, etc..

Exports In 2023 the top exporters of Pastes and Waxes  were China ($464M), Germany ($232M), Italy ($123M), United States ($62.8M), and Netherlands ($47.2M).

Imports In 2023 the top importers of Pastes and Waxes were United States ($318M), Germany ($76.6M), France ($44.6M), China ($42M), and Netherlands ($40.7M).

Ranking Pastes and Waxes ranks 70th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Pastes and Waxes. 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$464M
Top Destination (2023)United States$318M

In 2023 Pastes and Waxes were the world's 888th most traded product (out of 1,217).

In 2023, the top exporters of Pastes and Waxes were China ($464M), Germany ($232M), Italy ($123M), United States ($62.8M), and Netherlands ($47.2M).

In 2023, the top importers of Pastes and Waxes were United States ($318M), Germany ($76.6M), France ($44.6M), China ($42M), and Netherlands ($40.7M).

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Exporters of Pastes and Waxes (2023)
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Importers of Pastes and Waxes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$3.64M
Top Destination Growth (2022 -  2023)United Arab Emirates$4.86M

Between 2022 and 2023, the exports of Pastes and Waxes grew the fastest in Mexico ($3.64M), Italy ($3.34M), Netherlands ($2.91M), Germany ($2.03M), and Czechia ($1.85M).

Between 2022 and 2023, the fastest growing importers of Pastes and Waxes were United Arab Emirates ($4.86M), Saudi Arabia ($4.19M), Peru ($3.75M), Romania ($2.49M), and Algeria ($2.46M).

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Exporters of Pastes and Waxes (2022 - 2023)

Importers of Pastes and Waxes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pastes and Waxes.

In 2023, market concentration measured using Shannon Entropy, was 3.33. This means that most of the exports of Pastes and Waxes are explained by 10 countries.

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Value of Exports in Pastes and Waxes

Net Trade

TOP NET EXPORTER (2023)China$422M
TOP NET IMPORTER (2023)United States$255M

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

In 2023, the countries that had a largest trade value in exports than in imports of Pastes and Waxes were China ($422M), Germany ($156M), Italy ($98.8M), Japan ($21.6M), and Switzerland ($19M).

In 2023, the countries that had a largest trade value in imports than in exports of Pastes and Waxes were United States ($255M), Russia ($30.3M), France ($30.1M), Canada ($29.5M), and United Kingdom ($25.5M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Pastes and Waxes by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $8.43M
TOP IMPORT POTENTIALItaly+ $1.49M

Pastes and Waxes’s highest export potential is India. With an export gap of $8.43M.  Pastes and Waxes’s highest import potential is Italy with an import gap of $1.49M.

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)

Country by Relatedness

The following visualization shows the relatedness of Pastes and Waxes to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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