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Acids; carboxylic acid with additional oxygen function and their anhydrides, halides, peroxides, peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives

2918 (Harmonized System 1992 for 4-digit)

2022
World Trade $13.2BRnk 311 / 1218
2022
Top Exporter | Top Importer $5.45B | $1.67BChina | United States
2022
Product Complexity 0.88Rnk 214 / 1033
2021 - 2022
Export Growth (CAGR) 28.7%Rnk 97 / 1218
2022
Share of World Trade 0.056%Rnk 311 / 1218

About

Overview This page contains the latest trade data of Carboxylic Acids. In 2022, Carboxylic Acids were the world's 311th most traded product, with a total trade of $13.2B. Between 2021 and 2022 the exports of Carboxylic Acids grew by 28.7%, from $10.2B to $13.2B. Trade in Carboxylic Acids represent 0.056% of total world trade.

Carboxylic Acids are a part of Organic chemicals. They include Carboxylic acids nes, derivativess, Carboxylic acids (alcohol function only), derivatives, Citric acid, Carboxylic acids (phenol function only) & derivatives, Carboxylic acids (aldehyde, ketone function), derivs, Lactic acid, its salts & esters, Salts & esters of citric acid, Tartaric acid, Gluconic acid, its salts & esters, and Salicylic acid esters, nes, salts, among others.

Exports In 2022 the top exporters of Carboxylic Acids  were China ($5.45B), India ($776M), Germany ($731M), Singapore ($567M), and Austria ($509M).

Imports In 2022 the top importers of Carboxylic Acids were United States ($1.67B), Germany ($898M), India ($642M), Japan ($577M), and United Arab Emirates ($570M).

Ranking Carboxylic Acids ranks 214th in the Product Complexity Index (PCI).

Description Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids are used in organic synthesis and as solvents. Halogenated, sulphonated, nitrated or nitrosated derivatives are used in the synthesis of pharmaceuticals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Carboxylic Acids. 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)China$5.45B
Top Destination (2022)United States$1.67B

In 2022 Carboxylic Acids were the world's 311th most traded product (out of 1,218).

In 2022, the top exporters of Carboxylic Acids were China ($5.45B), India ($776M), Germany ($731M), Singapore ($567M), and Austria ($509M).

In 2022, the top importers of Carboxylic Acids were United States ($1.67B), Germany ($898M), India ($642M), Japan ($577M), and United Arab Emirates ($570M).

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Exporters of Carboxylic Acids (2022)
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Importers of Carboxylic Acids (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.79B
Top Destination Growth (2021 -  2022)United Arab Emirates$483M

Between 2021 and 2022, the exports of Carboxylic Acids grew the fastest in China ($1.79B), Singapore ($468M), Germany ($117M), Netherlands ($90.6M), and Austria ($90.1M).

Between 2021 and 2022, the fastest growing importers of Carboxylic Acids were United Arab Emirates ($483M), United States ($210M), Mexico ($134M), Brazil ($122M), and United Kingdom ($115M).

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Exporters of Carboxylic Acids (2021 - 2022)

Importers of Carboxylic Acids (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Carboxylic Acids.

In 2022, market concentration measured using Shannon Entropy, was 3.67. This means that most of the exports of Carboxylic Acids are explained by 12 countries.

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Value of Exports in Carboxylic Acids

Net Trade

TOP NET EXPORTER (2022)China$5.18B
TOP NET IMPORTER (2022)United States$1.23B

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

In 2022, the countries that had a largest trade value in exports than in imports of Carboxylic Acids were China ($5.18B), Austria ($409M), Singapore ($393M), Thailand ($243M), and India ($134M).

In 2022, the countries that had a largest trade value in imports than in exports of Carboxylic Acids were United States ($1.23B), United Arab Emirates ($537M), Mexico ($324M), Brazil ($313M), and Russia ($289M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Carboxylic Acids, disaggragated by their HS6 level were Citric acid ($3.59B), Carboxylic acids nes, derivativess ($2.16B), Carboxylic acids (aldehyde, ketone function), derivs ($1.44B), Carboxylic acids (alcohol function only), derivatives ($1.36B), and Salts & esters of citric acid ($1.28B)

HS6 Disaggregation for Carboxylic Acids (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Carboxylic Acids by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $164M
TOP IMPORT POTENTIALIndia+ $22M

Carboxylic Acids’s highest export potential is India. With an export gap of $164M.  Carboxylic Acids’s highest import potential is India with an import gap of $22M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Carboxylic Acids.

Country by Relatedness

The following visualization shows the relatedness of Carboxylic Acids 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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