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Inorganic chemicals; organic and inorganic compounds of precious metals; of rare earth metals, of radio-active elements and of isotopes

28 (Harmonized System 1992 for 2-digit)

2022
World Trade $216BRnk 21 / 96
2022
Top Exporter | Top Importer $33.7B | $21.7BChina | China
2022
Product Complexity -0.83Rnk 77 / 96
2021 - 2022
Export Growth (CAGR) 33.6%Rnk 4 / 96
2022
Share of World Trade 0.91%Rnk 21 / 96

About

Overview This page contains the latest trade data of Inorganic chemicals. In 2022, Inorganic chemicals were the world's 21st most traded product, with a total trade of $216B. Between 2021 and 2022 the exports of Inorganic chemicals grew by 33.6%, from $162B to $216B. Trade in Inorganic chemicals represent 0.91% of total world trade.

Inorganic chemicals are a part of Chemical Products. They include Radioactive Chemicals, Aluminium Oxide, Hydrogen, Ammonia, Carbonates, Precious Metal Compounds, Sodium or Potassium Peroxides, Phosphoric Acid, Inorganic Salts, and Other Inorganic Acids, among others.

Exports In 2022 the top exporters of Inorganic chemicals  were China ($33.7B), United States ($17B), Germany ($15.3B), Chile ($10.7B), and Japan ($9.79B).

Imports In 2022 the top importers of Inorganic chemicals were China ($21.7B), United States ($20B), South Korea ($13B), Japan ($11.6B), and India ($11.4B).

Ranking Inorganic chemicals ranks 77th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Inorganic chemicals. 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$33.7B
Top Destination (2022)China$21.7B

In 2022 Inorganic chemicals were the world's 21st most traded product (out of 96).

In 2022, the top exporters of Inorganic chemicals were China ($33.7B), United States ($17B), Germany ($15.3B), Chile ($10.7B), and Japan ($9.79B).

In 2022, the top importers of Inorganic chemicals were China ($21.7B), United States ($20B), South Korea ($13B), Japan ($11.6B), and India ($11.4B).

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Exporters of Inorganic chemicals (2022)
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Importers of Inorganic chemicals (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$13.2B
Top Destination Growth (2021 -  2022)United States$5.8B

Between 2021 and 2022, the exports of Inorganic chemicals grew the fastest in China ($13.2B), Chile ($8.24B), Australia ($3.38B), United States ($3.33B), and Germany ($1.81B).

Between 2021 and 2022, the fastest growing importers of Inorganic chemicals were United States ($5.8B), South Korea ($5.01B), China ($4.77B), Japan ($3.9B), and Germany ($2.69B).

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Exporters of Inorganic chemicals (2021 - 2022)

Importers of Inorganic chemicals (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Inorganic chemicals.

In 2022, market concentration measured using Shannon Entropy, was 5.15. This means that most of the exports of Inorganic chemicals are explained by 35 countries.

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Value of Exports in Inorganic chemicals

Net Trade

TOP NET EXPORTER (2022)China$12.1B
TOP NET IMPORTER (2022)India$8.17B

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

In 2022, the countries that had a largest trade value in exports than in imports of Inorganic chemicals were China ($12.1B), Chile ($8.85B), Australia ($5.92B), Germany ($4.94B), and Trinidad and Tobago ($3.5B).

In 2022, the countries that had a largest trade value in imports than in exports of Inorganic chemicals were India ($8.17B), South Korea ($4B), Poland ($3.83B), United States ($2.99B), and Thailand ($2.48B).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Inorganic chemicals, disaggragated by their HS6 level were Aluminium Oxide ($19.6B), Carbonates ($19.3B), Hydrogen ($18.5B), Ammonia ($17B), and Radioactive Chemicals ($15.1B)

HS6 Disaggregation for Inorganic chemicals (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 Inorganic chemicals.
It is possible to select the main countries that export or import Inorganic chemicals in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Inorganic chemicals by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $791M
TOP IMPORT POTENTIALRussia+ $239M

Inorganic chemicals’s highest export potential is India. With an export gap of $791M.  Inorganic chemicals’s highest import potential is Russia with an import gap of $239M.

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 (2022)

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