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Polyurethane and other resins: top exporters and importers (2024)

In 2024, world trade in polyurethane and other resins totaled $20.2 billion (9.8 million tonnes). The top exporters were China (17%), Germany (17%) and Belgium (8%); the top importers were China (8%), the United States (7%) and Germany (6%). Compared with 2019, the value rose 24%.

Summary

World trade
$20.2billion
Tonnes
9.8million tonnes
Price per tonne
$2,063
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$3.5 billion · 17.3%
  2. Germany$3.4 billion · 16.7%
  3. Belgium$1.5 billion · 7.5%
    re-exports
  4. United States$1.4 billion · 7.1%
  5. South Korea$1.2 billion · 5.8%
  6. Netherlands$940 million · 4.7%
    re-exports
  7. Japan$899 million · 4.5%
  8. Italy$717 million · 3.6%
  9. Hungary$672 million · 3.3%
  10. Spain$634 million · 3.1%
  11. Taiwan$566 million · 2.8%
  12. Saudi Arabia$532 million · 2.6%
  13. Poland$403 million · 2%
  14. Portugal$392 million · 1.9%
  15. France$347 million · 1.7%
  16. Turkey$310 million · 1.5%
  17. Singapore$304 million · 1.5%
    re-exports
  18. Canada$269 million · 1.3%
  19. United Kingdom$234 million · 1.2%
  20. India$207 million · 1%

Top importers

  1. China$1.5 billion · 7.6%
  2. United States$1.5 billion · 7.4%
  3. Germany$1.1 billion · 5.6%
  4. India$864 million · 4.3%
  5. Italy$785 million · 3.9%
  6. Canada$779 million · 3.9%
  7. France$757 million · 3.8%
  8. Turkey$741 million · 3.7%
  9. Vietnam$707 million · 3.5%
  10. Poland$683 million · 3.4%
  11. Belgium$673 million · 3.3%
    re-exports
  12. Netherlands$625 million · 3.1%
    re-exports
  13. Russia$520 million · 2.6%
  14. Mexico$500 million · 2.5%
  15. United Kingdom$483 million · 2.4%
  16. Brazil$463 million · 2.3%
  17. Spain$430 million · 2.1%
  18. Thailand$385 million · 1.9%
  19. South Korea$370 million · 1.8%
  20. United Arab Emirates$368 million · 1.8%

Trend

Who sells it

China has been the top exporter since 2022

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

  • China 3.5
  • Germany 3.4
  • Belgium 1.5
  • United States 1.4
  • South Korea 1.2

Source: CEPII BACI

Show the numbers
Country19952024
China0.023.5
Germany0.993.4
Belgium0.311.5
United States0.511.4
South Korea0.041.2

Price

Implied price

The price per tonne rose 39% since 1995

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

  • 2024: $2,063

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,489
1996$1,367
1997$1,316
1998$1,258
1999$1,226
2000$1,166
2001$1,152
2002$1,170
2003$1,357
2004$1,462
2005$1,587
2006$1,676
2007$1,850
2008$2,124
2009$1,865
2010$1,967
2011$2,198
2012$2,068
2013$2,121
2014$2,184
2015$1,828
2016$1,720
2017$2,000
2018$2,191
2019$1,805
2020$1,709
2021$2,230
2022$2,525
2023$2,196
2024$2,063

What it includes

  • 3909 · Polyurethane and other resins

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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