Petroleum wax trade by country: top importers, exporters and prices
World trade in petroleum wax was worth $4.30 billion in 2024, about 2.99 million tonnes. That is an increase of 20% since 2017, and up 2% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $4.30B | 2.99M t |
| 2023 | $4.20B | 2.95M t |
| 2022 | $5.44B | 3.23M t |
| 2021 | $4.66B | 3.48M t |
| 2020 | $3.12B | 2.92M t |
| 2019 | $3.40B | 2.89M t |
| 2018 | $3.74B | 2.93M t |
| 2017 | $3.58B | 2.90M t |
Top petroleum wax exporting countries
China is the largest exporter with 24% of world exports, followed by the United States and Germany. The top three supply 41% between them, out of 145 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| China | $1.01B | 24% |
| United States | $412.2M | 9.6% |
| Germany | $339.3M | 7.9% |
| Netherlands | $258.5M | 6% |
| Malaysia | $243.9M | 5.7% |
| Egypt | $194.0M | 4.5% |
| Spain | $175.9M | 4.1% |
| South Africa | $175.8M | 4.1% |
| United Kingdom | $160.3M | 3.7% |
| United Arab Emirates | $122.5M | 2.9% |
| India | $118.9M | 2.8% |
| Canada | $115.5M | 2.7% |
Top importing countries and buyer markets
The largest importers are Germany (9%), the United States (8%) and Canada (7%). 207 countries imported it, and the top three take 24% of the value.
| Importer | Value | Share |
|---|---|---|
| Germany | $372.2M | 8.7% |
| United States | $336.6M | 7.8% |
| Canada | $308.9M | 7.2% |
| Netherlands | $302.5M | 7% |
| Mexico | $289.6M | 6.7% |
| Poland | $247.5M | 5.8% |
| India | $169.8M | 4% |
| China | $157.8M | 3.7% |
| Italy | $139.6M | 3.3% |
| France | $120.3M | 2.8% |
| Vietnam | $119.8M | 2.8% |
| Brazil | $104.9M | 2.4% |
Average price per kg
The world average declared value was about $1.44 per kg in 2024. Among the main exporters, South Africa averaged $1.95 per kg and China $1.30 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2712: Petroleum jelly; paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, similar products obtained by synthesis, other processes; coloured or not. HS 2712 codes.
Common questions
Which countries export the most petroleum wax?
China exported $1.01 billion in 2024, 24% of the world total, followed by the United States (10%) and Germany (8%). In all, 145 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most petroleum wax?
Germany imported $372.2 million in 2024, 9% of world imports, ahead of the United States (8%) and Canada (7%). The top three importers together take 24%. Each country with its own page is linked from the table.
How big is the world trade in petroleum wax?
It was worth $4.30 billion in 2024, about 2.99 million tonnes. That is an increase of 20% since 2017. The peak year was 2022 at $5.44 billion. 145 countries reported exports and 207 reported imports.
What is the average price of petroleum wax per kg?
The world average declared value was about $1.44 per kg in 2024. Among the main exporters, South Africa averaged $1.95 per kg and China $1.30 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for petroleum wax?
The HS code for petroleum wax is heading 2712, in chapter 27 (mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 2712 page.
How can I find petroleum wax buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
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