Chemical ProductsVI (Harmonized System 1992 for Section)
2020 World Trade: $1.78T, Rnk 3 / 21
2020 Top Exporter | Top Importer: $201B | $245B, Germany | United States
2020 Product Complexity: 0.33, Rnk 10 / 21
2019 - 2020 Export Growth (CAGR): 0.64%, Rnk 4 / 21
2018 Mean Tariff: 4.99%, Rnk 20 / 21
2020 Share of World Trade: 10.6%, Rnk 3 / 21
Overview This page contains the latest trade data of Chemical Products. In 2020, Chemical Products were the world's 3rd most traded product, with a total trade of $1.78T. Between 2019 and 2020 the exports of Chemical Products grew by 0.64%, from $1.77T to $1.78T. Trade in Chemical Products represent 10.6% of total world trade.
Chemical Products include Packaged Medicaments, Vaccines, blood, antisera, toxins and cultures, Nitrogen Heterocyclic Compounds, Cyclic Hydrocarbons, Industrial Fatty Acids, Oils and Alcohols, Beauty Products, Acyclic Alcohols, Pesticides, Cleaning Products, and Nitrogenous Fertilizers, among others.
Exports In 2020 the top exporters of Chemical Products were Germany ($201B), United States ($175B), China ($142B), Ireland ($125B), and Switzerland ($111B).
Imports In 2020 the top importers of Chemical Products were United States ($245B), Germany ($143B), China ($129B), Belgium ($75.7B), and France ($68.8B).
Tariffs In 2018 the average tariff for Chemical Products was 4.99%, making it the 20th lowest tariff using the Section product classification.
Ranking Chemical Products ranks 10th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Chemical Products. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Germany, $201B
Top Destination (2020): United States, $245B
Chemical Products are the world's 3rd most traded product.
In 2020, the top exporters of Chemical Products were Germany ($201B), United States ($175B), China ($142B), Ireland ($125B), and Switzerland ($111B).
In 2020, the top importers of Chemical Products were United States ($245B), Germany ($143B), China ($129B), Belgium ($75.7B), and France ($68.8B).
Trade by country
Top Origin Growth (2019 - 2020): Ireland, $12.8B
Top Destination Growth (2019 - 2020): United States, $9.85B
Between 2019 and 2020, the exports of Chemical Products grew the fastest in Ireland ($12.8B), Belgium ($6.97B), Germany ($5.32B), China ($5.15B), and Sweden ($2.19B).
Between 2019 and 2020, the fastest growing importers of Chemical Products were United States ($9.85B), Germany ($7.06B), Switzerland ($4.23B), Ireland ($2.97B), and Poland ($2.34B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Chemical Products.
In 2020, market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Chemical Products are explained by 30 countries.
TOP NET EXPORTER (2020): Ireland, $105B
TOP NET IMPORTER (2020): United States, $69.4B
This map shows which countries export or import more of Chemical Products. Each country is colored based on the difference in exports and imports of Chemical Products during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Chemical Products were Ireland ($105B), Germany ($57.8B), Switzerland ($57B), France ($21.7B), and Singapore ($20.5B).
In 2020, the countries that had a largest trade value in imports than in exports of Chemical Products were United States ($69.4B), Brazil ($25.9B), Mexico ($16.3B), Canada ($12.7B), and Vietnam ($12.1B).
In 2020, the world most traded Chemical Products, disaggragated by their HS6 level were Packaged Medicaments ($410B), Vaccines, blood, antisera, toxins and cultures ($219B), Nitrogen Heterocyclic Compounds ($83.2B), Industrial Fatty Acids, Oils and Alcohols ($56.1B), and Beauty Products ($54B)
This visualization shows the countries that have an important ratio of their trade related to Chemical Products. It is possible to select the main countries that export or import Chemical Products in the world, or by continent, as well as select the measure of interest.
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.
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