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Oxides of boron; boric acids

2810 (Harmonized System 1992 for 4-digit)

2023
World Trade $703MRnk 990 / 1217
2023
Top Exporter | Top Importer $221M | $242MUnited States | China
2023
Product Complexity -1.16Rnk 896 / 1044
2022 - 2023
Export Growth (CAGR) -11.3%Rnk 790 / 1217
2023
Share of World Trade 0.0031%Rnk 990 / 1217

About

Overview This page contains the latest trade data of Boron. In 2023, Boron were the world's 990th most traded product, with a total trade of $703M. Between 2022 and 2023 the exports of Boron decreased by -11.3%, from $793M to $703M. Trade in Boron represent 0.0031% of total world trade.

Boron are a part of Inorganic chemicals. They include Oxides of boron, boric acids.

Exports In 2023 the top exporters of Boron  were United States ($221M), Turkey ($192M), Chile ($83.1M), Russia ($59M), and Peru ($31.4M).

Imports In 2023 the top importers of Boron were China ($242M), Brazil ($52.1M), South Korea ($35.6M), United States ($34.4M), and Chinese Taipei ($31M).

Ranking Boron ranks 896th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Boron. 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)United States$221M
Top Destination (2023)China$242M

In 2023 Boron were the world's 990th most traded product (out of 1,217).

In 2023, the top exporters of Boron were United States ($221M), Turkey ($192M), Chile ($83.1M), Russia ($59M), and Peru ($31.4M).

In 2023, the top importers of Boron were China ($242M), Brazil ($52.1M), South Korea ($35.6M), United States ($34.4M), and Chinese Taipei ($31M).

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Exporters of Boron (2023)
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Importers of Boron (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$33.6M
Top Destination Growth (2022 -  2023)Netherlands$16.8M

Between 2022 and 2023, the exports of Boron grew the fastest in United States ($33.6M), Bolivia ($4.61M), Russia ($3.99M), Netherlands ($3.82M), and Chile ($2.05M).

Between 2022 and 2023, the fastest growing importers of Boron were Netherlands ($16.8M), Peru ($2.71M), Pakistan ($2.65M), Ukraine ($2.03M), and United Kingdom ($1.53M).

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Exporters of Boron (2022 - 2023)

Importers of Boron (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.04. This means that most of the exports of Boron are explained by 8 countries.

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Value of Exports in Boron

Net Trade

TOP NET EXPORTER (2023)Turkey$192M
TOP NET IMPORTER (2023)China$235M

This map shows which countries export or import more of Boron. Each country is colored based on the difference in exports and imports of Boron during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Boron were Turkey ($192M), United States ($186M), Chile ($82.7M), Russia ($58.5M), and Peru ($28.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Boron were China ($235M), Brazil ($51.8M), South Korea ($33.6M), Chinese Taipei ($24.9M), and Japan ($24.4M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Boron by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $766k
TOP IMPORT POTENTIALRussia+ $50k

Boron’s highest export potential is United States. With an export gap of $766k.  Boron’s highest import potential is Russia with an import gap of $50k.

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 (2023)

Country by Relatedness

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

Relative Relatedness by Country (2023)

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