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280410 (Harmonized System 1992 for 6-digit)

2023
World Trade $235MRnk 3545 / 4644
2023
Top Exporter | Top Importer $81.6M | $79.9MBelgium | Netherlands
2023
Product Complexity 1.08Rnk 654 / 4656
2022 - 2023
Export Growth (CAGR) -23.7%Rnk 3929 / 4644
2023
Share of World Trade 0.001%Rnk 3545 / 4644

About

Overview This page contains the latest trade data of Hydrogen. In 2023, Hydrogen were the world's 3545th most traded product, with a total trade of $235M. Between 2022 and 2023 the exports of Hydrogen decreased by -23.7%, from $308M to $235M. Trade in Hydrogen represent 0.001% of total world trade.

Hydrogen are a part of Hydrogen.

Exports In 2023 the top exporters of Hydrogen  were Belgium ($81.6M), Canada ($67.7M), Netherlands ($20.9M), United States ($19.3M), and Germany ($13.6M).

Imports In 2023 the top importers of Hydrogen were Netherlands ($79.9M), United States ($68.2M), France ($10.5M), Germany ($9.12M), and Mexico ($7.09M).

Ranking Hydrogen ranks 654th in the Product Complexity Index (PCI).

Description Hydrogen is mainly produced by steam reforming of natural gas, and is then used to produce ammonia for fertilizer and chemicals, hydrogenation of oils to make partially hydrogenated oils, and to manufacture semiconductors, polymers, pharmaceuticals, and plastics.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hydrogen. 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)Belgium$81.6M
Top Destination (2023)Netherlands$79.9M

In 2023 Hydrogen were the world's 3545th most traded product (out of 4,644).

In 2023, the top exporters of Hydrogen were Belgium ($81.6M), Canada ($67.7M), Netherlands ($20.9M), United States ($19.3M), and Germany ($13.6M).

In 2023, the top importers of Hydrogen were Netherlands ($79.9M), United States ($68.2M), France ($10.5M), Germany ($9.12M), and Mexico ($7.09M).

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

Color
Top Origin Growth (2022 -  2023)Canada$13.6M
Top Destination Growth (2022 -  2023)United States$14.4M

Between 2022 and 2023, the exports of Hydrogen grew the fastest in Canada ($13.6M), United States ($6.01M), Netherlands ($4.07M), Spain ($1.03M), and France ($965k).

Between 2022 and 2023, the fastest growing importers of Hydrogen were United States ($14.4M), Mexico ($3.44M), France ($2.47M), Germany ($2.16M), and Norway ($960k).

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Exporters of Hydrogen (2022 - 2023)

Importers of Hydrogen (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.87. This means that most of the exports of Hydrogen are explained by 7 countries.

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Value of Exports in Hydrogen

Net Trade

TOP NET EXPORTER (2023)Belgium$77.2M
TOP NET IMPORTER (2023)Netherlands$59M

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

In 2023, the countries that had a largest trade value in exports than in imports of Hydrogen were Belgium ($77.2M), Canada ($61.3M), Germany ($4.46M), China ($3M), and Poland ($2.79M).

In 2023, the countries that had a largest trade value in imports than in exports of Hydrogen were Netherlands ($59M), United States ($48.9M), Mexico ($6.97M), France ($5.37M), and Malaysia ($4.49M).

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 Hydrogen.
It is possible to select the main countries that export or import Hydrogen in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hydrogen by percentage of total exports

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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