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292910 (Harmonized System 1992 for 6-digit)

2022
World Trade $6.59BRnk 588 / 4648
2022
Top Exporter | Top Importer $1.52B | $402MChina | Belgium
2022
Product Complexity 1.3Rnk 363 / 4653
2021 - 2022
Export Growth (CAGR) 4.38%Rnk 2311 / 4648
2022
Share of World Trade 0.028%Rnk 588 / 4648

About

Overview This page contains the latest trade data of Isocyanates. In 2022, Isocyanates were the world's 588th most traded product, with a total trade of $6.59B. Between 2021 and 2022 the exports of Isocyanates grew by 4.38%, from $6.31B to $6.59B. Trade in Isocyanates represent 0.028% of total world trade.

Isocyanates are a part of Other Nitrogen Compounds.

Exports In 2022 the top exporters of Isocyanates  were China ($1.52B), South Korea ($907M), Germany ($781M), Hungary ($728M), and Japan ($514M).

Imports In 2022 the top importers of Isocyanates were Belgium ($402M), Italy ($392M), Turkey ($371M), Germany ($350M), and China ($328M).

Ranking Isocyanates ranks 363rd in the Product Complexity Index (PCI).

Description Isocyanates are primarily used to create polyurethane materials, which are used to make foams, elastomers, coatings, adhesives, and sealants.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Isocyanates. 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$1.52B
Top Destination (2022)Belgium$402M

In 2022 Isocyanates were the world's 588th most traded product (out of 4,648).

In 2022, the top exporters of Isocyanates were China ($1.52B), South Korea ($907M), Germany ($781M), Hungary ($728M), and Japan ($514M).

In 2022, the top importers of Isocyanates were Belgium ($402M), Italy ($392M), Turkey ($371M), Germany ($350M), and China ($328M).

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Exporters of Isocyanates (2022)
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Importers of Isocyanates (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$158M
Top Destination Growth (2021 -  2022)Belgium$72.5M

Between 2021 and 2022, the exports of Isocyanates grew the fastest in China ($158M), Saudi Arabia ($132M), South Korea ($81.4M), United States ($69.3M), and France ($54.5M).

Between 2021 and 2022, the fastest growing importers of Isocyanates were Belgium ($72.5M), United Arab Emirates ($72.2M), India ($70.9M), Turkey ($58.9M), and Germany ($29.4M).

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Exporters of Isocyanates (2021 - 2022)

Importers of Isocyanates (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Isocyanates are explained by 11 countries.

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Value of Exports in Isocyanates

Net Trade

TOP NET EXPORTER (2022)China$1.19B
TOP NET IMPORTER (2022)Italy$374M

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

In 2022, the countries that had a largest trade value in exports than in imports of Isocyanates were China ($1.19B), South Korea ($803M), Hungary ($707M), Germany ($431M), and Japan ($384M).

In 2022, the countries that had a largest trade value in imports than in exports of Isocyanates were Italy ($374M), Turkey ($334M), India ($298M), Brazil ($263M), and Vietnam ($217M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Isocyanates 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 (2022)

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