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Vegetable waxes (other than triglycerides), beeswax, other insect waxes and spermaceti; whether or not refined or coloured

1521 (Harmonized System 1992 for 4-digit)

2023
World Trade $321MRnk 1097 / 1217
2023
Top Exporter | Top Importer $96.7M | $52.7MBrazil | United States
2022 - 2023
Export Growth (CAGR) -16.2%Rnk 943 / 1217
2023
Share of World Trade 0.0014%Rnk 1097 / 1217

About

Overview This page contains the latest trade data of Vegetable waxes and beeswax. In 2023, Vegetable waxes and beeswax were the world's 1097th most traded product, with a total trade of $321M. Between 2022 and 2023 the exports of Vegetable waxes and beeswax decreased by -16.2%, from $383M to $321M. Trade in Vegetable waxes and beeswax represent 0.0014% of total world trade.

Vegetable waxes and beeswax are a part of Animal or vegetable fats, oils, & waxes. They include Vegetable waxes except triglycerides and Beeswax, other insect waxes and spermaceti.

Exports In 2023 the top exporters of Vegetable waxes and beeswax  were Brazil ($96.7M), China ($45.7M), Germany ($33.3M), United States ($24.3M), and Mexico ($12M).

Imports In 2023 the top importers of Vegetable waxes and beeswax were United States ($52.7M), Germany ($48.8M), Japan ($23.9M), France ($22.8M), and China ($20.1M).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Vegetable waxes and beeswax. 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)Brazil$96.7M
Top Destination (2023)United States$52.7M

In 2023 Vegetable waxes and beeswax were the world's 1097th most traded product (out of 1,217).

In 2023, the top exporters of Vegetable waxes and beeswax were Brazil ($96.7M), China ($45.7M), Germany ($33.3M), United States ($24.3M), and Mexico ($12M).

In 2023, the top importers of Vegetable waxes and beeswax were United States ($52.7M), Germany ($48.8M), Japan ($23.9M), France ($22.8M), and China ($20.1M).

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Exporters of Vegetable waxes and beeswax (2023)
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Importers of Vegetable waxes and beeswax (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$2.43M
Top Destination Growth (2022 -  2023)Netherlands$1.38M

Between 2022 and 2023, the exports of Vegetable waxes and beeswax grew the fastest in Germany ($2.43M), New Zealand ($951k), Togo ($751k), Colombia ($651k), and Turkey ($647k).

Between 2022 and 2023, the fastest growing importers of Vegetable waxes and beeswax were Netherlands ($1.38M), Estonia ($1.2M), Algeria ($1.18M), Russia ($964k), and Ethiopia ($695k).

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Exporters of Vegetable waxes and beeswax (2022 - 2023)

Importers of Vegetable waxes and beeswax (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Vegetable waxes and beeswax.

In 2023, market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Vegetable waxes and beeswax are explained by 15 countries.

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Value of Exports in Vegetable waxes and beeswax

Net Trade

TOP NET EXPORTER (2023)Brazil$95.7M
TOP NET IMPORTER (2023)United States$28.5M

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

In 2023, the countries that had a largest trade value in exports than in imports of Vegetable waxes and beeswax were Brazil ($95.7M), China ($25.6M), Mexico ($8.33M), Vietnam ($8.07M), and Malaysia ($4.78M).

In 2023, the countries that had a largest trade value in imports than in exports of Vegetable waxes and beeswax were United States ($28.5M), Japan ($16.5M), Germany ($15.5M), France ($14.2M), and Italy ($8.33M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Vegetable waxes and beeswax, disaggragated by their HS6 level were Vegetable waxes except triglycerides ($192M) and Beeswax, other insect waxes and spermaceti ($129M)

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

Top 10 Exporters Countries of Vegetable waxes and beeswax by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $1.09M
TOP IMPORT POTENTIALChina+ $43.5k

Vegetable waxes and beeswax’s highest export potential is China. With an export gap of $1.09M.  Vegetable waxes and beeswax’s highest import potential is China with an import gap of $43.5k.

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 Vegetable waxes and beeswax 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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