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283429 (Harmonized System 1992 for 6-digit)

2023
World Trade $541MRnk 2766 / 4644
2023
Top Exporter | Top Importer $117M | $89.3MChina | United Kingdom
2023
Product Complexity -0.37Rnk 3062 / 4656
2022 - 2023
Export Growth (CAGR) -1.67%Rnk 1721 / 4644
2023
Share of World Trade 0.0024%Rnk 2766 / 4644

About

Overview This page contains the latest trade data of Nitrates of metals except potassium and bismuth. In 2023, Nitrates of metals except potassium and bismuth were the world's 2766th most traded product, with a total trade of $541M. Between 2022 and 2023 the exports of Nitrates of metals except potassium and bismuth decreased by -1.67%, from $551M to $541M. Trade in Nitrates of metals except potassium and bismuth represent 0.0024% of total world trade.

Nitrates of metals except potassium and bismuth are a part of Nitrites and Nitrates.

Exports In 2023 the top exporters of Nitrates of metals except potassium and bismuth  were China ($117M), South Africa ($96.2M), Norway ($46.4M), Malaysia ($26.7M), and Belgium ($26.5M).

Imports In 2023 the top importers of Nitrates of metals except potassium and bismuth were United Kingdom ($89.3M), United States ($30.7M), Japan ($26.6M), France ($22.6M), and Germany ($21M).

Ranking Nitrates of metals except potassium and bismuth ranks 3062nd in the Product Complexity Index (PCI).

Description Nitrates are used in the manufacture of fertilizers--they are often used in a mixture with ammonium nitrate. Potassium nitrate is also used in the manufacture of black gunpowder, and in the production of matches. Bismuth nitrate is used for therapeutic purposes in the treatment of stomach and bowel disorders.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nitrates of metals except potassium and bismuth. 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$117M
Top Destination (2023)United Kingdom$89.3M

In 2023 Nitrates of metals except potassium and bismuth were the world's 2766th most traded product (out of 4,644).

In 2023, the top exporters of Nitrates of metals except potassium and bismuth were China ($117M), South Africa ($96.2M), Norway ($46.4M), Malaysia ($26.7M), and Belgium ($26.5M).

In 2023, the top importers of Nitrates of metals except potassium and bismuth were United Kingdom ($89.3M), United States ($30.7M), Japan ($26.6M), France ($22.6M), and Germany ($21M).

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Exporters of Nitrates of metals except potassium and bismuth (2023)
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Importers of Nitrates of metals except potassium and bismuth (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Africa$86.3M
Top Destination Growth (2022 -  2023)United Kingdom$77M

Between 2022 and 2023, the exports of Nitrates of metals except potassium and bismuth grew the fastest in South Africa ($86.3M), Jordan ($8.74M), Malaysia ($6.86M), Czechia ($4.79M), and Slovakia ($2.49M).

Between 2022 and 2023, the fastest growing importers of Nitrates of metals except potassium and bismuth were United Kingdom ($77M), Morocco ($5.88M), Zambia ($5.6M), Malaysia ($4.67M), and Turkey ($4.09M).

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Exporters of Nitrates of metals except potassium and bismuth (2022 - 2023)

Importers of Nitrates of metals except potassium and bismuth (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nitrates of metals except potassium and bismuth.

In 2023, market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Nitrates of metals except potassium and bismuth are explained by 16 countries.

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Value of Exports in Nitrates of metals except potassium and bismuth

Net Trade

TOP NET EXPORTER (2023)China$106M
TOP NET IMPORTER (2023)United Kingdom$78.3M

This map shows which countries export or import more of Nitrates of metals except potassium and bismuth. Each country is colored based on the difference in exports and imports of Nitrates of metals except potassium and bismuth during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Nitrates of metals except potassium and bismuth were China ($106M), South Africa ($88.9M), Norway ($46.1M), Poland ($15.7M), and Malaysia ($14.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Nitrates of metals except potassium and bismuth were United Kingdom ($78.3M), Japan ($18.5M), Australia ($15.7M), Canada ($14.8M), and Thailand ($13.4M).

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 Nitrates of metals except potassium and bismuth.
It is possible to select the main countries that export or import Nitrates of metals except potassium and bismuth in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Nitrates of metals except potassium and bismuth 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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