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Exports In 2022, India exported $5.25M in Nitric Acids, making it the 17th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 946th most exported product in India. The main destination of Nitric Acids exports from India are: United Arab Emirates ($982k), Nepal ($462k), Sri Lanka ($429k), Benin ($415k), and Panama ($385k).

The fastest growing export markets for Nitric Acids of India between 2021 and 2022 were Benin ($401k), Panama ($385k), and Bangladesh ($353k).

Imports In 2022, India imported $14.9M in Nitric Acids, becoming the 11th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 807th most imported product in India. India imports Nitric Acids primarily from: South Korea ($9.84M), Chinese Taipei ($2.34M), China ($1.73M), Belgium ($371k), and United States ($355k).

The fastest growing import markets in Nitric Acids for India between 2021 and 2022 were South Korea ($2.83M), Chinese Taipei ($1.95M), and China ($1.69M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Nitric Acids. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.25M
IMPORTS (2022)$14.9M
NET TRADE (2022)-$9.66M

In 2022, India exported $5.25M in Nitric Acids. The main destinations of India exports on Nitric Acids were United Arab Emirates ($982k), Nepal ($462k), Sri Lanka ($429k), Benin ($415k), and Panama ($385k).

In 2022, India imported $14.9M in Nitric Acids, mainly from South Korea ($9.84M), Chinese Taipei ($2.34M), China ($1.73M), Belgium ($371k), and United States ($355k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR India WERE (2021 - 2022):
Benin$401k (2.96k%)
Panama$385k (1%)
Bangladesh$353k (2.35k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY India WERE (2021 - 2022):
Indonesia-$1.14M (-99.5%)
United Arab Emirates-$343k (-25.9%)
Malaysia-$314k (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Nitric Acids were:
In 2022, India's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $99.3k
TOP IMPORT POTENTIALChina+ $842k

Nitric Acids’s highest export potential is United States. With an export gap of $99.3k.   Nitric Acids’s highest import potential is China with an import gap of $842k.

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