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Polymers of styrene, in primary forms

3903 (Harmonized System 1992 for 4-digit)

2023
World Trade $19.9BRnk 203 / 1217
2023
Top Exporter | Top Importer $3.02B | $3.19BSouth Korea | China
2023
Product Complexity 0.73Rnk 279 / 1044
2022 - 2023
Export Growth (CAGR) -26.8%Rnk 1128 / 1217
2023
Share of World Trade 0.088%Rnk 203 / 1217

About

Overview This page contains the latest trade data of Styrene Polymers. In 2023, Styrene Polymers were the world's 203rd most traded product, with a total trade of $19.9B. Between 2022 and 2023 the exports of Styrene Polymers decreased by -26.8%, from $27.2B to $19.9B. Trade in Styrene Polymers represent 0.088% of total world trade.

Styrene Polymers are a part of Plastics & articles thereof. They include Acrylonitrile-butadiene-styrene (ABS) copolymers, Non-expansible polystyrene, Polymers of styrene (except SAN or ABS), Expansible polystyrene, and Styrene-acrylonitrile (SAN) copolymers.

Exports In 2023 the top exporters of Styrene Polymers  were South Korea ($3.02B), Chinese Taipei ($2.47B), Belgium ($1.53B), Germany ($1.52B), and China ($1.3B).

Imports In 2023 the top importers of Styrene Polymers were China ($3.19B), Germany ($1.25B), United States ($1.24B), Mexico ($939M), and Poland ($906M).

Ranking Styrene Polymers ranks 279th in the Product Complexity Index (PCI).

Description Polymers of styrene are used in the production of polystyrene, styrene-butadiene rubber, and polystyrene-polybutadiene.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Styrene Polymers. 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)South Korea$3.02B
Top Destination (2023)China$3.19B

In 2023 Styrene Polymers were the world's 203rd most traded product (out of 1,217).

In 2023, the top exporters of Styrene Polymers were South Korea ($3.02B), Chinese Taipei ($2.47B), Belgium ($1.53B), Germany ($1.52B), and China ($1.3B).

In 2023, the top importers of Styrene Polymers were China ($3.19B), Germany ($1.25B), United States ($1.24B), Mexico ($939M), and Poland ($906M).

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Exporters of Styrene Polymers (2023)
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Importers of Styrene Polymers (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$17.1M
Top Destination Growth (2022 -  2023)Ethiopia$3.17M

Between 2022 and 2023, the exports of Styrene Polymers grew the fastest in India ($17.1M), Egypt ($11.7M), Romania ($2.99M), Uruguay ($1.92M), and Malta ($1.74M).

Between 2022 and 2023, the fastest growing importers of Styrene Polymers were Ethiopia ($3.17M), Montenegro ($1.92M), Kyrgyzstan ($1.8M), Togo ($1.13M), and Guyana ($994k).

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Exporters of Styrene Polymers (2022 - 2023)

Importers of Styrene Polymers (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Styrene Polymers.

In 2023, market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Styrene Polymers are explained by 22 countries.

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Value of Exports in Styrene Polymers

Net Trade

TOP NET EXPORTER (2023)South Korea$2.86B
TOP NET IMPORTER (2023)China$1.89B

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

In 2023, the countries that had a largest trade value in exports than in imports of Styrene Polymers were South Korea ($2.86B), Chinese Taipei ($2.41B), Belgium ($1.29B), Netherlands ($846M), and Japan ($447M).

In 2023, the countries that had a largest trade value in imports than in exports of Styrene Polymers were China ($1.89B), Poland ($679M), Turkey ($470M), Italy ($456M), and Vietnam ($436M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Styrene Polymers, disaggragated by their HS6 level were Acrylonitrile-butadiene-styrene (ABS) copolymers ($6.29B), Non-expansible polystyrene ($4.43B), Expansible polystyrene ($4.22B), Polymers of styrene (except SAN or... ($4.16B), and Styrene-acrylonitrile (SAN) copolymers ($797M)

HS6 Disaggregation for Styrene Polymers (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 Styrene Polymers.
It is possible to select the main countries that export or import Styrene Polymers in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Styrene Polymers by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $52.6M
TOP IMPORT POTENTIALChina+ $9.46M

Styrene Polymers’s highest export potential is China. With an export gap of $52.6M.  Styrene Polymers’s highest import potential is China with an import gap of $9.46M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Styrene Polymers.

Country by Relatedness

The following visualization shows the relatedness of Styrene Polymers 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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