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38 (Harmonized System 1992 for 2-digit)

2023
World Trade $239BRnk 15 / 96
2023
Top Exporter | Top Importer $39.6B | $20.2BChina | United States
2023
Product Complexity 1.01Rnk 17 / 96
2022 - 2023
Export Growth (CAGR) -7.42%Rnk 55 / 96
2023
Share of World Trade 1.06%Rnk 15 / 96

About

Overview This page contains the latest trade data of Chemical products n.e.s.. In 2023, Chemical products n.e.s. were the world's 15th most traded product, with a total trade of $239B. Between 2022 and 2023 the exports of Chemical products n.e.s. decreased by -7.42%, from $258B to $239B. Trade in Chemical products n.e.s. represent 1.06% of total world trade.

Chemical products n.e.s. are a part of Chemical Products. They include Industrial Fatty Acids, Oils and Alcohols, Pesticides, Laboratory Reagents, Reaction and Catalytic Products, Disc Chemicals for Electronics, Antiknock, Prepared Rubber Accelerators, Dyeing Finishing Agents, Alkylbenzenes and Alkylnaphthalenes, and Activated Carbon, among others.

Exports In 2023 the top exporters of Chemical products n.e.s.  were China ($39.6B), United States ($30.1B), Germany ($24.8B), Japan ($14.5B), and France ($12.4B).

Imports In 2023 the top importers of Chemical products n.e.s. were United States ($20.2B), Germany ($15.9B), China ($14.4B), Netherlands ($13.1B), and France ($10.3B).

Ranking Chemical products n.e.s. ranks 17th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
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The following visualization shows the latest trends on Chemical products n.e.s.. 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)China$39.6B
Top Destination (2023)United States$20.2B

In 2023 Chemical products n.e.s. were the world's 15th most traded product (out of 96).

In 2023, the top exporters of Chemical products n.e.s. were China ($39.6B), United States ($30.1B), Germany ($24.8B), Japan ($14.5B), and France ($12.4B).

In 2023, the top importers of Chemical products n.e.s. were United States ($20.2B), Germany ($15.9B), China ($14.4B), Netherlands ($13.1B), and France ($10.3B).

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Exporters of Chemical products n.e.s. (2023)
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Importers of Chemical products n.e.s. (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$3.56B
Top Destination Growth (2022 -  2023)United States$2.41B

Between 2022 and 2023, the exports of Chemical products n.e.s. grew the fastest in South Korea ($3.56B), Ireland ($485M), Guyana ($131M), Turkey ($104M), and Gambia ($104M).

Between 2022 and 2023, the fastest growing importers of Chemical products n.e.s. were United States ($2.41B), Hungary ($1.56B), Mexico ($385M), Czechia ($243M), and Turkey ($200M).

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Exporters of Chemical products n.e.s. (2022 - 2023)

Importers of Chemical products n.e.s. (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Chemical products n.e.s..

In 2023, market concentration measured using Shannon Entropy, was 4.63. This means that most of the exports of Chemical products n.e.s. are explained by 24 countries.

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Value of Exports in Chemical products n.e.s.

Net Trade

TOP NET EXPORTER (2023)China$25.2B
TOP NET IMPORTER (2023)Mexico$6.24B

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

In 2023, the countries that had a largest trade value in exports than in imports of Chemical products n.e.s. were China ($25.2B), United States ($9.85B), Japan ($9.07B), Germany ($8.96B), and South Korea ($3.9B).

In 2023, the countries that had a largest trade value in imports than in exports of Chemical products n.e.s. were Mexico ($6.24B), Brazil ($5.17B), Hungary ($3.73B), Netherlands ($3.06B), and Thailand ($2.97B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Chemical products n.e.s., disaggragated by their HS6 level were Industrial Fatty Acids, Oils and Alcohols ($95.6B), Pesticides ($43.7B), Reaction and Catalytic Products ($26.9B), Disc Chemicals for Electronics ($20.9B), and Antiknock ($14.9B)

HS6 Disaggregation for Chemical products n.e.s. (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Chemical products n.e.s. by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $337M
TOP IMPORT POTENTIALChina+ $628M

Chemical products n.e.s.’s highest export potential is India. With an export gap of $337M.  Chemical products n.e.s.’s highest import potential is China with an import gap of $628M.

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)

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