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2851 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.94BRnk 606 / 1217
2023
Top Exporter | Top Importer $2.87B | $2.76BChina | South Korea
2023
Product Complexity 1.44Rnk 58 / 1044
2022 - 2023
Export Growth (CAGR) 198%Rnk 3 / 1217
2023
Share of World Trade 0.017%Rnk 606 / 1217

About

Overview This page contains the latest trade data of Inorganic Compounds. In 2023, Inorganic Compounds were the world's 606th most traded product, with a total trade of $3.94B. Between 2022 and 2023 the exports of Inorganic Compounds grew by 198%, from $1.32B to $3.94B. Trade in Inorganic Compounds represent 0.017% of total world trade.

Inorganic Compounds are a part of Inorganic chemicals. They include Inorganic Compounds (Liquid/Compressed Air, Amalgams, n.e.c.).

Exports In 2023 the top exporters of Inorganic Compounds  were China ($2.87B), Malaysia ($176M), United States ($159M), Japan ($144M), and Germany ($113M).

Imports In 2023 the top importers of Inorganic Compounds were South Korea ($2.76B), Japan ($450M), United States ($112M), China ($104M), and Chinese Taipei ($88.7M).

Ranking Inorganic Compounds ranks 58th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Inorganic Compounds. 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$2.87B
Top Destination (2023)South Korea$2.76B

In 2023 Inorganic Compounds were the world's 606th most traded product (out of 1,217).

In 2023, the top exporters of Inorganic Compounds were China ($2.87B), Malaysia ($176M), United States ($159M), Japan ($144M), and Germany ($113M).

In 2023, the top importers of Inorganic Compounds were South Korea ($2.76B), Japan ($450M), United States ($112M), China ($104M), and Chinese Taipei ($88.7M).

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Exporters of Inorganic Compounds (2023)
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Importers of Inorganic Compounds (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$2.55B
Top Destination Growth (2022 -  2023)South Korea$2.72B

Between 2022 and 2023, the exports of Inorganic Compounds grew the fastest in China ($2.55B), Malaysia ($76.2M), Israel ($61.1M), United States ($40.8M), and Portugal ($23.1M).

Between 2022 and 2023, the fastest growing importers of Inorganic Compounds were South Korea ($2.72B), Belgium ($23.6M), United States ($14.9M), Greece ($10.4M), and South Africa ($9.45M).

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Exporters of Inorganic Compounds (2022 - 2023)

Importers of Inorganic Compounds (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 1.93. This means that most of the exports of Inorganic Compounds are explained by 3 countries.

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Value of Exports in Inorganic Compounds

Net Trade

TOP NET EXPORTER (2023)China$2.76B
TOP NET IMPORTER (2023)South Korea$2.71B

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

In 2023, the countries that had a largest trade value in exports than in imports of Inorganic Compounds were China ($2.76B), Malaysia ($132M), Canada ($78.1M), Germany ($77M), and Israel ($55.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Inorganic Compounds were South Korea ($2.71B), Japan ($307M), Chinese Taipei ($82.5M), Belgium ($36.2M), and Australia ($16.4M).

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

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

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Inorganic Compounds’s highest export potential is N/A. With an export gap of N/A.  Inorganic Compounds’s highest import potential is N/A with an import gap of N/A.

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)

Country by Relatedness

The following visualization shows the relatedness of Inorganic Compounds to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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