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280800 (Harmonized System 1992 for 6-digit)

2022
World Trade $623MRnk 2712 / 4648
2022
Top Exporter | Top Importer $154M | $83.3MSouth Korea | Germany
2022
Product Complexity 0.17Rnk 2245 / 4653
2021 - 2022
Export Growth (CAGR) 48.9%Rnk 173 / 4648
2022
Share of World Trade 0.0026%Rnk 2712 / 4648

About

Overview This page contains the latest trade data of Nitric acid, sulphonitric acids. In 2022, Nitric acid, sulphonitric acids were the world's 2712th most traded product, with a total trade of $623M. Between 2021 and 2022 the exports of Nitric acid, sulphonitric acids grew by 48.9%, from $418M to $623M. Trade in Nitric acid, sulphonitric acids represent 0.0026% of total world trade.

Nitric acid, sulphonitric acids are a part of Nitric Acids.

Exports In 2022 the top exporters of Nitric acid, sulphonitric acids  were South Korea ($154M), Belgium ($142M), Germany ($100M), Norway ($22.1M), and United States ($20.3M).

Imports In 2022 the top importers of Nitric acid, sulphonitric acids were Germany ($83.3M), France ($64.3M), Japan ($47.6M), Belgium ($42M), and Netherlands ($37.3M).

Ranking Nitric acid, sulphonitric acids ranks 2245th in the Product Complexity Index (PCI).

Description Nitric acid is used in the production of fertilizers, nitric oxide, and for cleaning purposes. Sulfonitric acids are often used in the production of fertilizers.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nitric acid, sulphonitric acids. 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)South Korea$154M
Top Destination (2022)Germany$83.3M

In 2022 Nitric acid, sulphonitric acids were the world's 2712th most traded product (out of 4,648).

In 2022, the top exporters of Nitric acid, sulphonitric acids were South Korea ($154M), Belgium ($142M), Germany ($100M), Norway ($22.1M), and United States ($20.3M).

In 2022, the top importers of Nitric acid, sulphonitric acids were Germany ($83.3M), France ($64.3M), Japan ($47.6M), Belgium ($42M), and Netherlands ($37.3M).

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Exporters of Nitric acid, sulphonitric acids (2022)
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Importers of Nitric acid, sulphonitric acids (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Belgium$68.4M
Top Destination Growth (2021 -  2022)Germany$35.4M

Between 2021 and 2022, the exports of Nitric acid, sulphonitric acids grew the fastest in Belgium ($68.4M), Germany ($45.8M), South Korea ($39.1M), United States ($7.86M), and Portugal ($7.16M).

Between 2021 and 2022, the fastest growing importers of Nitric acid, sulphonitric acids were Germany ($35.4M), France ($31.7M), Netherlands ($21M), Japan ($13.4M), and Belgium ($9.23M).

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Exporters of Nitric acid, sulphonitric acids (2021 - 2022)

Importers of Nitric acid, sulphonitric acids (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nitric acid, sulphonitric acids.

In 2022, market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Nitric acid, sulphonitric acids are explained by 12 countries.

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Value of Exports in Nitric acid, sulphonitric acids

Net Trade

TOP NET EXPORTER (2022)South Korea$153M
TOP NET IMPORTER (2022)France$51.8M

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

In 2022, the countries that had a largest trade value in exports than in imports of Nitric acid, sulphonitric acids were South Korea ($153M), Belgium ($100M), Norway ($20M), Germany ($16.8M), and Portugal ($15.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Nitric acid, sulphonitric acids were France ($51.8M), Japan ($43.4M), Malaysia ($28.8M), Netherlands ($19.8M), and Spain ($16.2M).

Net Trade (2022)

Country Comparison

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

Top 10 Exporters Countries of Nitric acid, sulphonitric acids 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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