2022
Exports
$14.7MWorld Rnk 7 / 82
Flag Rnk 1880 / 4553
falsefalse Italy
2022
Imports
$33.1MWorld Rnk 1 / 152
Flag Rnk 1417 / 4466
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $14.7M in Salts of formic acid, making it the 7th largest exporter of Salts of formic acid in the world. At the same year, Salts of formic acid was the 1880th most exported product in India. The main destination of Salts of formic acid exports from India are: Italy ($11.3M), United States ($997k), Mexico ($674k), Germany ($383k), and Australia ($363k).

Imports In 2022, India imported $33.1M in Salts of formic acid, becoming the 1st largest importer of Salts of formic acid in the world. At the same year, Salts of formic acid was the 1417th most imported product in India. India imports Salts of formic acid primarily from: China ($21.3M), Chinese Taipei ($3.28M), Saudi Arabia ($2.13M), Norway ($1.52M), and Brazil ($1.12M).

The fastest growing import markets in Salts of formic acid for India between 2021 and 2022 were China ($14.3M), Chinese Taipei ($2.12M), and Saudi Arabia ($735k).

COMPANIES In 2023, leading companies such as John Deere (6.8k), IKEA Group (6.65k), and Old Navy (4.68k) were at the forefront of shipping Salts of formic acid from India to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Salts of formic acid. 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)$14.7M
IMPORTS (2022)$33.1M
NET TRADE (2022)-$18.4M

In 2022, India exported $14.7M in Salts of formic acid. The main destinations of India exports on Salts of formic acid were Italy ($11.3M), United States ($997k), Mexico ($674k), Germany ($383k), and Australia ($363k).

In 2022, India imported $33.1M in Salts of formic acid, mainly from China ($21.3M), Chinese Taipei ($3.28M), Saudi Arabia ($2.13M), Norway ($1.52M), and Brazil ($1.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, India's main exporting competitors in Salts of formic acid were:
In 2022, India's main importing competitors in Salts of formic acid were:

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Trade Value of Salts of formic acid by Exporters

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