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Nitric acid; sulphonitric acids

2808 (Harmonized System 1992 for 4-digit)

2023
World Trade $477MRnk 1046 / 1217
2023
Top Exporter | Top Importer $131M | $50.8MSouth Korea | Germany
2023
Product Complexity 0.099Rnk 536 / 1044
2022 - 2023
Export Growth (CAGR) -28.5%Rnk 1140 / 1217
2023
Share of World Trade 0.0021%Rnk 1046 / 1217

About

Overview This page contains the latest trade data of Nitric Acids. In 2023, Nitric Acids were the world's 1046th most traded product, with a total trade of $477M. Between 2022 and 2023 the exports of Nitric Acids decreased by -28.5%, from $668M to $477M. Trade in Nitric Acids represent 0.0021% of total world trade.

Nitric Acids are a part of Inorganic chemicals. They include Nitric acid, sulphonitric acids.

Exports In 2023 the top exporters of Nitric Acids  were South Korea ($131M), Belgium ($80.9M), Germany ($72.8M), Poland ($16.5M), and China ($15M).

Imports In 2023 the top importers of Nitric Acids were Germany ($50.8M), France ($35.9M), Belgium ($35.3M), Japan ($34M), and Malaysia ($28.9M).

Ranking Nitric Acids ranks 536th 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 Nitric 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 (2023)South Korea$131M
Top Destination (2023)Germany$50.8M

In 2023 Nitric Acids were the world's 1046th most traded product (out of 1,217).

In 2023, the top exporters of Nitric Acids were South Korea ($131M), Belgium ($80.9M), Germany ($72.8M), Poland ($16.5M), and China ($15M).

In 2023, the top importers of Nitric Acids were Germany ($50.8M), France ($35.9M), Belgium ($35.3M), Japan ($34M), and Malaysia ($28.9M).

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Exporters of Nitric Acids (2023)
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Importers of Nitric Acids (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$1.41M
Top Destination Growth (2022 -  2023)India$7.23M

Between 2022 and 2023, the exports of Nitric Acids grew the fastest in Russia ($1.41M), Chile ($1.24M), Uganda ($1.13M), Egypt ($705k), and Finland ($649k).

Between 2022 and 2023, the fastest growing importers of Nitric Acids were India ($7.23M), Sweden ($2.21M), Brazil ($1.78M), China ($1.61M), and Ukraine ($1.34M).

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Exporters of Nitric Acids (2022 - 2023)

Importers of Nitric Acids (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nitric Acids.

In 2023, market concentration measured using Shannon Entropy, was 3.8. This means that most of the exports of Nitric Acids are explained by 13 countries.

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Value of Exports in Nitric Acids

Net Trade

TOP NET EXPORTER (2023)South Korea$130M
TOP NET IMPORTER (2023)Japan$29.3M

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

In 2023, the countries that had a largest trade value in exports than in imports of Nitric Acids were South Korea ($130M), Belgium ($45.6M), Germany ($22M), Poland ($12.2M), and Norway ($10.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Nitric Acids were Japan ($29.3M), Malaysia ($25M), France ($24.8M), India ($20.5M), and Thailand ($13.1M).

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

Top 10 Exporters Countries of Nitric Acids by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited Kingdom+ $375k
TOP IMPORT POTENTIALFrance+ $510k

Nitric Acids’s highest export potential is United Kingdom. With an export gap of $375k.  Nitric Acids’s highest import potential is France with an import gap of $510k.

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 Nitric Acids 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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