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Natural borates and concentrates thereof (whether or not calcined), but not including borates separated from natural brine; natural boric acid containing not more than 85 % of H3BO3 calculated on the dry weight

2528 (Harmonized System 1992 for 4-digit)

2022
World Trade $438MRnk 1070 / 1218
2022
Top Exporter | Top Importer $271M | $121MTurkey | China
2021 - 2022
Export Growth (CAGR) 8%Rnk 481 / 1218
2022
Share of World Trade 0.0018%Rnk 1070 / 1218

About

Overview This page contains the latest trade data of Borax. In 2022, Borax were the world's 1070th most traded product, with a total trade of $438M. Between 2021 and 2022 the exports of Borax grew by 8%, from $405M to $438M. Trade in Borax represent 0.0018% of total world trade.

Borax are a part of Salt, sulphur, cement, lime, stone, & plaster. They include Natural borates etc nes, natural boric acid (<85%) and Natural sodium borates and concentrates.

Exports In 2022 the top exporters of Borax  were Turkey ($271M), Bolivia ($80.1M), Argentina ($24.4M), Austria ($14.6M), and Chile ($7.7M).

Imports In 2022 the top importers of Borax were China ($121M), Brazil ($70.4M), India ($25.3M), United States ($21.9M), and Malaysia ($19.5M).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Borax. 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 (2022)Turkey$271M
Top Destination (2022)China$121M

In 2022 Borax were the world's 1070th most traded product (out of 1,218).

In 2022, the top exporters of Borax were Turkey ($271M), Bolivia ($80.1M), Argentina ($24.4M), Austria ($14.6M), and Chile ($7.7M).

In 2022, the top importers of Borax were China ($121M), Brazil ($70.4M), India ($25.3M), United States ($21.9M), and Malaysia ($19.5M).

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Exporters of Borax (2022)
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Importers of Borax (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Turkey$34.7M
Top Destination Growth (2021 -  2022)China$22.6M

Between 2021 and 2022, the exports of Borax grew the fastest in Turkey ($34.7M), Bolivia ($3.18M), Slovenia ($2.15M), Finland ($615k), and Guatemala ($561k).

Between 2021 and 2022, the fastest growing importers of Borax were China ($22.6M), Peru ($11.1M), Malaysia ($6.67M), Russia ($5.88M), and Brazil ($5.23M).

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Exporters of Borax (2021 - 2022)

Importers of Borax (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Borax.

In 2022, market concentration measured using Shannon Entropy, was 2.06. This means that most of the exports of Borax are explained by 4 countries.

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Value of Exports in Borax

Net Trade

TOP NET EXPORTER (2022)Turkey$271M
TOP NET IMPORTER (2022)China$120M

This map shows which countries export or import more of Borax. Each country is colored based on the difference in exports and imports of Borax during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Borax were Turkey ($271M), Bolivia ($79.9M), Argentina ($23.8M), Austria ($8.34M), and Luxembourg ($6.89M).

In 2022, the countries that had a largest trade value in imports than in exports of Borax were China ($120M), Brazil ($70.2M), India ($24.9M), United States ($18.2M), and Malaysia ($16.4M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Borax by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALBrazil+ $737k
TOP IMPORT POTENTIALBolivia+ $951

Borax’s highest export potential is Brazil. With an export gap of $737k.  Borax’s highest import potential is Bolivia with an import gap of $951.

See methodology.

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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 (2022)

Country by Relatedness

The following visualization shows the relatedness of Borax to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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