NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

292910 (Harmonized System 1992 for 6-digit)

2023
World Trade $5.67BRnk 645 / 4644
2023
Top Exporter | Top Importer $1.27B | $362MChina | Belgium
2023
Product Complexity 1.23Rnk 425 / 4656
2022 - 2023
Export Growth (CAGR) -15%Rnk 3235 / 4644
2023
Share of World Trade 0.025%Rnk 645 / 4644

About

Overview This page contains the latest trade data of Isocyanates. In 2023, Isocyanates were the world's 645th most traded product, with a total trade of $5.67B. Between 2022 and 2023 the exports of Isocyanates decreased by -15%, from $6.68B to $5.67B. Trade in Isocyanates represent 0.025% of total world trade.

Isocyanates are a part of Other Nitrogen Compounds.

Exports In 2023 the top exporters of Isocyanates  were China ($1.27B), South Korea ($848M), Hungary ($711M), Germany ($671M), and Japan ($485M).

Imports In 2023 the top importers of Isocyanates were Belgium ($362M), Turkey ($348M), China ($338M), Italy ($310M), and India ($296M).

Ranking Isocyanates ranks 425th 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

View
Flow
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.

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)China$1.27B
Top Destination (2023)Belgium$362M

In 2023 Isocyanates were the world's 645th most traded product (out of 4,644).

In 2023, the top exporters of Isocyanates were China ($1.27B), South Korea ($848M), Hungary ($711M), Germany ($671M), and Japan ($485M).

In 2023, the top importers of Isocyanates were Belgium ($362M), Turkey ($348M), China ($338M), Italy ($310M), and India ($296M).

Explore Visualizations

Exporters of Isocyanates (2023)
[Click to Select a Country]

Importers of Isocyanates (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$9.12M
Top Destination Growth (2022 -  2023)Latvia$24.2M

Between 2022 and 2023, the exports of Isocyanates grew the fastest in India ($9.12M), Thailand ($7.73M), Saudi Arabia ($5.4M), Djibouti ($2.76M), and Poland ($2.68M).

Between 2022 and 2023, the fastest growing importers of Isocyanates were Latvia ($24.2M), Mexico ($15.7M), Belgium ($15.6M), Japan ($10.1M), and Ethiopia ($9.64M).

Explore Visualizations

Exporters of Isocyanates (2022 - 2023)

Importers of Isocyanates (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.46. This means that most of the exports of Isocyanates are explained by 10 countries.

Explore Visualizations

Value of Exports in Isocyanates

Net Trade

TOP NET EXPORTER (2023)China$935M
TOP NET IMPORTER (2023)Turkey$313M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Isocyanates were China ($935M), South Korea ($785M), Hungary ($679M), Germany ($467M), and Saudi Arabia ($350M).

In 2023, the countries that had a largest trade value in imports than in exports of Isocyanates were Turkey ($313M), Italy ($290M), India ($274M), Brazil ($240M), and Poland ($178M).

Net Trade (2023)

Country Comparison

Flow
Measure
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 (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms