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Nitric acid; sulphonitric acids

2808 (Harmonized System 1992 for 4-digit)

2022
World Trade $623MRnk 1020 / 1218
2022
Top Exporter | Top Importer $154M | $83.3MSouth Korea | Germany
2021 - 2022
Export Growth (CAGR) 48.9%Rnk 33 / 1218
2022
Share of World Trade 0.0026%Rnk 1020 / 1218

About

Overview This page contains the latest trade data of Nitric Acids. In 2022, Nitric Acids were the world's 1020th most traded product, with a total trade of $623M. Between 2021 and 2022 the exports of Nitric Acids grew by 48.9%, from $418M to $623M. Trade in Nitric Acids represent 0.0026% of total world trade.

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

Exports In 2022 the top exporters of Nitric 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 Acids were Germany ($83.3M), France ($64.3M), Japan ($47.6M), Belgium ($42M), and Netherlands ($37.3M).

Description -

Latest Trends

Latest Data

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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 (2022)South Korea$154M
Top Destination (2022)Germany$83.3M

In 2022 Nitric Acids were the world's 1020th most traded product (out of 1,218).

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

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

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Exporters of Nitric Acids (2022)
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Importers of Nitric 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 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 Acids were Germany ($35.4M), France ($31.7M), Netherlands ($21M), Japan ($13.4M), and Belgium ($9.23M).

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Exporters of Nitric Acids (2021 - 2022)

Importers of Nitric Acids (2021 - 2022)

Market Concentration

Value

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

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

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Value of Exports in Nitric 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 Acids. Each country is colored based on the difference in exports and imports of Nitric Acids during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Nitric 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 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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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 (2022)

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 (2022)

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