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Petroleum jelly and paraffin wax: top exporters and importers (2024)

In 2024, world trade in petroleum jelly and paraffin wax totaled $4.1 billion (3 million tonnes). The top exporters were China (25%), the United States (10%) and Germany (8%); the top importers were the United States (8%), Germany (8%) and Mexico (7%). Compared with 2019, the value rose 19%.

Summary

World trade
$4.1billion
Tonnes
3million tonnes
Price per tonne
$1,373
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$1 billion · 24.6%
  2. United States$410 million · 9.9%
  3. Germany$338 million · 8.2%
  4. Netherlands$242 million · 5.8%
    re-exports
  5. Malaysia$229 million · 5.5%
  6. Egypt$177 million · 4.3%
  7. Spain$175 million · 4.2%
  8. South Africa$175 million · 4.2%
  9. United Arab Emirates$123 million · 3%
  10. India$116 million · 2.8%
  11. United Kingdom$116 million · 2.8%
  12. Canada$115 million · 2.8%
  13. Italy$113 million · 2.7%
  14. Thailand$87 million · 2.1%
  15. France$59 million · 1.4%
  16. Hungary$57 million · 1.4%
  17. Japan$55 million · 1.3%
  18. Poland$51 million · 1.2%
  19. Uzbekistan$48 million · 1.2%
  20. Iran$47 million · 1.1%

Top importers

  1. United States$343 million · 8.3%
  2. Germany$335 million · 8.1%
  3. Mexico$305 million · 7.4%
  4. Canada$302 million · 7.3%
  5. Netherlands$285 million · 6.9%
    re-exports
  6. Poland$246 million · 5.9%
  7. India$172 million · 4.2%
  8. China$145 million · 3.5%
  9. Italy$124 million · 3%
  10. France$122 million · 2.9%
  11. Vietnam$120 million · 2.9%
  12. Brazil$106 million · 2.6%
  13. Spain$99 million · 2.4%
  14. Japan$82 million · 2%
  15. Turkey$70 million · 1.7%
  16. Nigeria$68 million · 1.7%
  17. United Arab Emirates$68 million · 1.7%
  18. United Kingdom$67 million · 1.6%
  19. Thailand$57 million · 1.4%
  20. Belgium$55 million · 1.3%
    re-exports

Trend

Who sells it

China has been the top exporter since 1997

Value in USD billions. The five largest exporters in 2024.

  • China 1
  • United States 0.41
  • Germany 0.34
  • Netherlands 0.24
  • Malaysia 0.23

Source: CEPII BACI

Show the numbers
Country19952024
China0.171
United States0.150.41
Germany0.20.34
Netherlands0.060.24
Malaysia0.030.23

Price

Implied price

The price per tonne rose 105% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,373

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$670
1996$619
1997$491
1998$401
1999$297
2000$504
2001$549
2002$394
2003$518
2004$411
2005$795
2006$652
2007$755
2008$1,037
2009$613
2010$777
2011$945
2012$917
2013$1,446
2014$841
2015$716
2016$1,209
2017$1,224
2018$1,256
2019$1,202
2020$1,095
2021$1,325
2022$1,667
2023$1,401
2024$1,373

What it includes

  • 2712 · Petroleum jelly and paraffin wax

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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