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

Petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones and similar products of chemical synthesis n.e.c. in chapter 39, in primary forms

3911 (Harmonized System 1992 for 4-digit)

2023
World Trade $7.23BRnk 441 / 1217
2023
Top Exporter | Top Importer $1.2B | $757MChina | China
2023
Product Complexity 1.28Rnk 84 / 1044
2022 - 2023
Export Growth (CAGR) -16.2%Rnk 940 / 1217
2023
Share of World Trade 0.032%Rnk 441 / 1217

About

Overview This page contains the latest trade data of Petroleum Resins. In 2023, Petroleum Resins were the world's 441st most traded product, with a total trade of $7.23B. Between 2022 and 2023 the exports of Petroleum Resins decreased by -16.2%, from $8.62B to $7.23B. Trade in Petroleum Resins represent 0.032% of total world trade.

Petroleum Resins are a part of Plastics & articles thereof. They include Other polysulphides or polysulphones and Petroleum resins, coumarone, indene, polyterpenes.

Exports In 2023 the top exporters of Petroleum Resins  were China ($1.2B), United States ($1.15B), Germany ($1.08B), Japan ($667M), and South Korea ($597M).

Imports In 2023 the top importers of Petroleum Resins were China ($757M), Germany ($578M), United States ($568M), Italy ($373M), and Japan ($358M).

Ranking Petroleum Resins ranks 84th in the Product Complexity Index (PCI).

Description Petroleum resins are used in fuel and lubricants. Coumarone-indene resins are used in rubber, roofing, and insulation. Polyterpenes are used in coatings and adhesives. Polysulphides are used in paints and varnishes. Polysulphones are used in plastics. Other polymers and prepolymers are used in textiles, paper, and chemicals.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Petroleum Resins. 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$1.2B
Top Destination (2023)China$757M

In 2023 Petroleum Resins were the world's 441st most traded product (out of 1,217).

In 2023, the top exporters of Petroleum Resins were China ($1.2B), United States ($1.15B), Germany ($1.08B), Japan ($667M), and South Korea ($597M).

In 2023, the top importers of Petroleum Resins were China ($757M), Germany ($578M), United States ($568M), Italy ($373M), and Japan ($358M).

Explore Visualizations

Exporters of Petroleum Resins (2023)
[Click to Select a Country]

Importers of Petroleum Resins (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Canada$12.1M
Top Destination Growth (2022 -  2023)Philippines$12.8M

Between 2022 and 2023, the exports of Petroleum Resins grew the fastest in Canada ($12.1M), Belgium ($9.21M), Ireland ($5.09M), Sweden ($3.08M), and Azerbaijan ($2.94M).

Between 2022 and 2023, the fastest growing importers of Petroleum Resins were Philippines ($12.8M), Cyprus ($7.68M), Tunisia ($6.97M), Ukraine ($4.9M), and Estonia ($4.84M).

Explore Visualizations

Exporters of Petroleum Resins (2022 - 2023)

Importers of Petroleum Resins (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Petroleum Resins.

In 2023, market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Petroleum Resins are explained by 15 countries.

Explore Visualizations

Value of Exports in Petroleum Resins

Net Trade

TOP NET EXPORTER (2023)United States$585M
TOP NET IMPORTER (2023)Mexico$188M

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

In 2023, the countries that had a largest trade value in exports than in imports of Petroleum Resins were United States ($585M), Germany ($505M), China ($444M), South Korea ($372M), and Japan ($309M).

In 2023, the countries that had a largest trade value in imports than in exports of Petroleum Resins were Mexico ($188M), Italy ($188M), Turkey ($147M), India ($139M), and Brazil ($128M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Petroleum Resins, disaggragated by their HS6 level were Other polysulphides or polysulphones ($5.35B) and Petroleum resins, coumarone, indene, polyterpenes ($1.88B)

HS6 Disaggregation for Petroleum Resins (2023)
[Click to Select]

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Petroleum Resins by percentage of total exports

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $12.3M
TOP IMPORT POTENTIALChina+ $28.3M

Petroleum Resins’s highest export potential is India. With an export gap of $12.3M.  Petroleum Resins’s highest import potential is China with an import gap of $28.3M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Petroleum Resins.

Country by Relatedness

The following visualization shows the relatedness of Petroleum Resins 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)

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