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291631 (Harmonized System 1992 for 6-digit)

2023
World Trade $656MRnk 2567 / 4644
2023
Top Exporter | Top Importer $202M | $70.3MNetherlands | United States
2023
Product Complexity 0.84Rnk 1044 / 4656
2022 - 2023
Export Growth (CAGR) -14.6%Rnk 3190 / 4644
2023
Share of World Trade 0.0029%Rnk 2567 / 4644

About

Overview This page contains the latest trade data of Benzoic acid, its salts & esters. In 2023, Benzoic acid, its salts & esters were the world's 2567th most traded product, with a total trade of $656M. Between 2022 and 2023 the exports of Benzoic acid, its salts & esters decreased by -14.6%, from $769M to $656M. Trade in Benzoic acid, its salts & esters represent 0.0029% of total world trade.

Benzoic acid, its salts & esters are a part of Unsaturated Acyclic Monocarboxylic Acids.

Exports In 2023 the top exporters of Benzoic acid, its salts & esters  were Netherlands ($202M), China ($188M), Estonia ($52.1M), United States ($45.6M), and France ($30.4M).

Imports In 2023 the top importers of Benzoic acid, its salts & esters were United States ($70.3M), Germany ($52.7M), India ($43.2M), Italy ($34M), and France ($33.7M).

Ranking Benzoic acid, its salts & esters ranks 1044th in the Product Complexity Index (PCI).

Description Benzoic acid is a strong acid that is used as a preservative in food and cosmetics. It is also used in the production of polycarbonates, which are often used for baby bottles and for plastic dishes. Benzoic acid salts and esters are used in products like moth balls, where the acid is used to combat insect pests.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Benzoic acid, its salts & esters. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Netherlands$202M
Top Destination (2023)United States$70.3M

In 2023 Benzoic acid, its salts & esters were the world's 2567th most traded product (out of 4,644).

In 2023, the top exporters of Benzoic acid, its salts & esters were Netherlands ($202M), China ($188M), Estonia ($52.1M), United States ($45.6M), and France ($30.4M).

In 2023, the top importers of Benzoic acid, its salts & esters were United States ($70.3M), Germany ($52.7M), India ($43.2M), Italy ($34M), and France ($33.7M).

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Exporters of Benzoic acid, its salts & esters (2023)
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Importers of Benzoic acid, its salts & esters (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Rwanda$3.36M
Top Destination Growth (2022 -  2023)India$24.1M

Between 2022 and 2023, the exports of Benzoic acid, its salts & esters grew the fastest in Rwanda ($3.36M), Germany ($1.64M), Singapore ($1.46M), Hungary ($604k), and Switzerland ($575k).

Between 2022 and 2023, the fastest growing importers of Benzoic acid, its salts & esters were India ($24.1M), Denmark ($2.8M), Poland ($2.46M), Bulgaria ($1.81M), and Ukraine ($1.47M).

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Exporters of Benzoic acid, its salts & esters (2022 - 2023)

Importers of Benzoic acid, its salts & esters (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Benzoic acid, its salts & esters.

In 2023, market concentration measured using Shannon Entropy, was 3.15. This means that most of the exports of Benzoic acid, its salts & esters are explained by 8 countries.

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Value of Exports in Benzoic acid, its salts & esters

Net Trade

TOP NET EXPORTER (2023)Netherlands$184M
TOP NET IMPORTER (2023)Germany$31.2M

This map shows which countries export or import more of Benzoic acid, its salts & esters. Each country is colored based on the difference in exports and imports of Benzoic acid, its salts & esters during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Benzoic acid, its salts & esters were Netherlands ($184M), China ($176M), Estonia ($51.8M), Rwanda ($4.43M), and Romania ($2.63M).

In 2023, the countries that had a largest trade value in imports than in exports of Benzoic acid, its salts & esters were Germany ($31.2M), Brazil ($27.8M), United States ($24.7M), Mexico ($22M), and India ($21.6M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Benzoic acid, its salts & esters.
It is possible to select the main countries that export or import Benzoic acid, its salts & esters in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Benzoic acid, its salts & esters by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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