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Synthetic paints and varnishes: top exporters and importers (2024)

In 2024, world trade in synthetic paints and varnishes totaled $16.7 billion (2.9 million tonnes). The top exporters were Germany (16%), the United States (10%) and Japan (8%); the top importers were China (8%), the United States (5%) and Germany (5%). Compared with 2019, the value rose 15%.

Summary

World trade
$16.7billion
Tonnes
2.9million tonnes
Price per tonne
$5,690
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Germany$2.7 billion · 16%
  2. United States$1.7 billion · 10.1%
  3. Japan$1.4 billion · 8.2%
  4. Italy$1.3 billion · 7.8%
  5. China$808 million · 4.9%
  6. France$773 million · 4.6%
  7. Netherlands$762 million · 4.6%
    re-exports
  8. United Kingdom$723 million · 4.3%
  9. South Korea$618 million · 3.7%
  10. Spain$616 million · 3.7%
  11. Belgium$543 million · 3.3%
    re-exports
  12. Poland$502 million · 3%
  13. Turkey$309 million · 1.9%
  14. Malaysia$291 million · 1.8%
  15. Sweden$262 million · 1.6%
  16. Canada$250 million · 1.5%
  17. Switzerland$232 million · 1.4%
  18. Austria$183 million · 1.1%
  19. United Arab Emirates$166 million · 0.99%
  20. Thailand$160 million · 0.96%

Top importers

  1. China$1.3 billion · 8%
  2. United States$857 million · 5.1%
  3. Germany$772 million · 4.6%
  4. Canada$605 million · 3.6%
  5. Mexico$588 million · 3.5%
  6. Poland$579 million · 3.5%
  7. Netherlands$550 million · 3.3%
    re-exports
  8. France$545 million · 3.3%
  9. Belgium$514 million · 3.1%
    re-exports
  10. Spain$509 million · 3.1%
  11. South Korea$494 million · 3%
  12. Turkey$491 million · 3%
  13. Italy$442 million · 2.7%
  14. United Kingdom$381 million · 2.3%
  15. Czechia$325 million · 2%
  16. Vietnam$298 million · 1.8%
  17. India$289 million · 1.7%
  18. Thailand$254 million · 1.5%
  19. Austria$247 million · 1.5%
  20. Portugal$224 million · 1.3%

Trend

Who sells it

Germany was the top exporter throughout the period

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

  • Germany 2.7
  • United States 1.7
  • Japan 1.4
  • Italy 1.3
  • China 0.81

Source: CEPII BACI

Show the numbers
Country19952024
Germany12.7
United States0.511.7
Japan0.261.4
Italy0.281.3
China0.070.81

Price

Implied price

The price per tonne rose 49% since 1995

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

  • 2024: $5,690

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$3,825
1996$3,651
1997$3,429
1998$3,396
1999$3,342
2000$3,069
2001$2,989
2002$3,176
2003$3,584
2004$3,697
2005$4,007
2006$4,178
2007$4,515
2008$4,989
2009$4,813
2010$4,660
2011$5,147
2012$5,102
2013$5,063
2014$4,803
2015$4,472
2016$4,392
2017$4,544
2018$4,896
2019$4,772
2020$4,744
2021$5,171
2022$5,635
2023$5,850
2024$5,690

What it includes

  • 3208 · Synthetic paints and varnishes

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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