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Waxes; artificial, prepared

3404 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.79BRnk 614 / 1217
2023
Top Exporter | Top Importer $682M | $484MGermany | China
2023
Product Complexity 0.56Rnk 352 / 1044
2022 - 2023
Export Growth (CAGR) -17.3%Rnk 972 / 1217
2023
Share of World Trade 0.017%Rnk 614 / 1217

About

Overview This page contains the latest trade data of Waxes. In 2023, Waxes were the world's 614th most traded product, with a total trade of $3.79B. Between 2022 and 2023 the exports of Waxes decreased by -17.3%, from $4.59B to $3.79B. Trade in Waxes represent 0.017% of total world trade.

Waxes are a part of Soap, cleaners, candles, dental, modelling pastes. They include Artificial and prepared waxes, nes, Artificial and prepared waxes, of polyethylene glycol, and Artificial & prepared waxes, of modified lignite.

Exports In 2023 the top exporters of Waxes  were Germany ($682M), United States ($477M), China ($452M), South Korea ($294M), and Malaysia ($194M).

Imports In 2023 the top importers of Waxes were China ($484M), United States ($276M), India ($205M), Turkey ($202M), and Germany ($197M).

Ranking Waxes ranks 352nd in the Product Complexity Index (PCI).

Description Artificial waxes are used in beauty products, such as lipsticks and foundations. Prepared waxes are used to remove hair from the skin.

Latest Trends

Latest Data

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The following visualization shows the latest trends on 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)Germany$682M
Top Destination (2023)China$484M

In 2023 Waxes were the world's 614th most traded product (out of 1,217).

In 2023, the top exporters of Waxes were Germany ($682M), United States ($477M), China ($452M), South Korea ($294M), and Malaysia ($194M).

In 2023, the top importers of Waxes were China ($484M), United States ($276M), India ($205M), Turkey ($202M), and Germany ($197M).

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

Color
Top Origin Growth (2022 -  2023)Belarus$11.5M
Top Destination Growth (2022 -  2023)Nigeria$13.3M

Between 2022 and 2023, the exports of Waxes grew the fastest in Belarus ($11.5M), Czechia ($7.65M), France ($6.13M), Switzerland ($4.27M), and Canada ($2.87M).

Between 2022 and 2023, the fastest growing importers of Waxes were Nigeria ($13.3M), Czechia ($9.86M), Cote d'Ivoire ($7.17M), Democratic Republic of the Congo ($4.63M), and Austria ($3.7M).

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Exporters of Waxes (2022 - 2023)

Importers of Waxes (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Waxes are explained by 19 countries.

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Value of Exports in Waxes

Net Trade

TOP NET EXPORTER (2023)Germany$485M
TOP NET IMPORTER (2023)Turkey$190M

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

In 2023, the countries that had a largest trade value in exports than in imports of Waxes were Germany ($485M), South Korea ($220M), United States ($200M), Malaysia ($165M), and Denmark ($165M).

In 2023, the countries that had a largest trade value in imports than in exports of Waxes were Turkey ($190M), India ($123M), Italy ($71.8M), Vietnam ($62.3M), and Brazil ($62M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Waxes, disaggragated by their HS6 level were Artificial and prepared waxes, nes ($3.1B) and Artificial and prepared waxes, of polyethylene... ($696M)

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

Top 10 Exporters Countries of Waxes by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $7.74M
TOP IMPORT POTENTIALChina+ $12.5M

Waxes’s highest export potential is India. With an export gap of $7.74M.  Waxes’s highest import potential is China with an import gap of $12.5M.

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)

Related Products

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

Country by Relatedness

The following visualization shows the relatedness of 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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