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281119 (Harmonized System 1992 for 6-digit)

2023
World Trade $524MRnk 2800 / 4644
2023
Top Exporter | Top Importer $97.3M | $143MChina | China
2023
Product Complexity 0.57Rnk 1545 / 4656
2022 - 2023
Export Growth (CAGR) -44.4%Rnk 4488 / 4644
2023
Share of World Trade 0.0023%Rnk 2800 / 4644

About

Overview This page contains the latest trade data of Inorganic acids nes. In 2023, Inorganic acids nes were the world's 2800th most traded product, with a total trade of $524M. Between 2022 and 2023 the exports of Inorganic acids nes decreased by -44.4%, from $942M to $524M. Trade in Inorganic acids nes represent 0.0023% of total world trade.

Inorganic acids nes are a part of Other Inorganic Acids.

Exports In 2023 the top exporters of Inorganic acids nes  were China ($97.3M), Jordan ($90M), Japan ($68.9M), Israel ($56.6M), and United States ($34.6M).

Imports In 2023 the top importers of Inorganic acids nes were China ($143M), United States ($46M), Germany ($40.9M), India ($30.5M), and South Korea ($24.6M).

Ranking Inorganic acids nes ranks 1545th in the Product Complexity Index (PCI).

Description A common use of inorganic acids is to dissolve metal oxides. This is done in a process called rusting. Inorganic acids can also be used in the production of paints, dyes, paper and other products.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Inorganic acids nes. 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$97.3M
Top Destination (2023)China$143M

In 2023 Inorganic acids nes were the world's 2800th most traded product (out of 4,644).

In 2023, the top exporters of Inorganic acids nes were China ($97.3M), Jordan ($90M), Japan ($68.9M), Israel ($56.6M), and United States ($34.6M).

In 2023, the top importers of Inorganic acids nes were China ($143M), United States ($46M), Germany ($40.9M), India ($30.5M), and South Korea ($24.6M).

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Exporters of Inorganic acids nes (2023)
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Importers of Inorganic acids nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Poland$3.84M
Top Destination Growth (2022 -  2023)Vietnam$14M

Between 2022 and 2023, the exports of Inorganic acids nes grew the fastest in Poland ($3.84M), Thailand ($1.58M), Austria ($1.37M), Norway ($685k), and Australia ($659k).

Between 2022 and 2023, the fastest growing importers of Inorganic acids nes were Vietnam ($14M), India ($2.49M), Burma ($665k), Tunisia ($608k), and Denmark ($388k).

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Exporters of Inorganic acids nes (2022 - 2023)

Importers of Inorganic acids nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Inorganic acids nes.

In 2023, market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Inorganic acids nes are explained by 14 countries.

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Value of Exports in Inorganic acids nes

Net Trade

TOP NET EXPORTER (2023)Jordan$89.9M
TOP NET IMPORTER (2023)China$45.9M

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

In 2023, the countries that had a largest trade value in exports than in imports of Inorganic acids nes were Jordan ($89.9M), Japan ($62.6M), Israel ($52.8M), Malaysia ($14.2M), and Poland ($10.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Inorganic acids nes were China ($45.9M), India ($21.4M), Vietnam ($18.2M), South Korea ($17.3M), and Germany ($15.2M).

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

Top 10 Exporters Countries of Inorganic acids nes 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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