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Nitrile-function compounds

2926 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.04BRnk 539 / 1217
2023
Top Exporter | Top Importer $1.34B | $547MChina | India
2023
Product Complexity 1.12Rnk 138 / 1044
2022 - 2023
Export Growth (CAGR) -25.3%Rnk 1112 / 1217
2023
Share of World Trade 0.022%Rnk 539 / 1217

About

Overview This page contains the latest trade data of Nitrile Compounds. In 2023, Nitrile Compounds were the world's 539th most traded product, with a total trade of $5.04B. Between 2022 and 2023 the exports of Nitrile Compounds decreased by -25.3%, from $6.75B to $5.04B. Trade in Nitrile Compounds represent 0.022% of total world trade.

Nitrile Compounds are a part of Organic chemicals. They include Acrylonitrile, Nitrile-function compounds, nes, and Dicyandiamide.

Exports In 2023 the top exporters of Nitrile Compounds  were China ($1.34B), United States ($656M), Germany ($506M), Netherlands ($490M), and India ($399M).

Imports In 2023 the top importers of Nitrile Compounds were India ($547M), France ($475M), China ($407M), South Korea ($377M), and Belgium ($308M).

Ranking Nitrile Compounds ranks 138th in the Product Complexity Index (PCI).

Description Nitrile-function compounds are used in many ways. They are often used as plasticizers, or substances that make plastics more flexible. They are also used as lubricants, or substances that reduce friction. Nitrile-function compounds are also used in the production of tires and synthetic rubber.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nitrile Compounds. 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$1.34B
Top Destination (2023)India$547M

In 2023 Nitrile Compounds were the world's 539th most traded product (out of 1,217).

In 2023, the top exporters of Nitrile Compounds were China ($1.34B), United States ($656M), Germany ($506M), Netherlands ($490M), and India ($399M).

In 2023, the top importers of Nitrile Compounds were India ($547M), France ($475M), China ($407M), South Korea ($377M), and Belgium ($308M).

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Exporters of Nitrile Compounds (2023)
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Importers of Nitrile Compounds (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Chinese Taipei$31.9M
Top Destination Growth (2022 -  2023)Belgium$65.7M

Between 2022 and 2023, the exports of Nitrile Compounds grew the fastest in Chinese Taipei ($31.9M), Thailand ($24.1M), Italy ($8.2M), Spain ($7.82M), and Finland ($5.23M).

Between 2022 and 2023, the fastest growing importers of Nitrile Compounds were Belgium ($65.7M), France ($42M), Estonia ($4.79M), Vietnam ($4.31M), and Switzerland ($1.47M).

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Exporters of Nitrile Compounds (2022 - 2023)

Importers of Nitrile Compounds (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nitrile Compounds.

In 2023, market concentration measured using Shannon Entropy, was 3.5. This means that most of the exports of Nitrile Compounds are explained by 11 countries.

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Value of Exports in Nitrile Compounds

Net Trade

TOP NET EXPORTER (2023)China$934M
TOP NET IMPORTER (2023)France$317M

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

In 2023, the countries that had a largest trade value in exports than in imports of Nitrile Compounds were China ($934M), United States ($362M), Chinese Taipei ($270M), Germany ($262M), and Netherlands ($218M).

In 2023, the countries that had a largest trade value in imports than in exports of Nitrile Compounds were France ($317M), Brazil ($263M), Turkey ($177M), Italy ($167M), and India ($147M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Nitrile Compounds, disaggragated by their HS6 level were Nitrile-function compounds, nes ($2.88B), Acrylonitrile ($1.93B), and Dicyandiamide ($229M)

HS6 Disaggregation for Nitrile Compounds (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Nitrile Compounds by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $58M
TOP IMPORT POTENTIALSouth Korea+ $15M

Nitrile Compounds’s highest export potential is India. With an export gap of $58M.  Nitrile Compounds’s highest import potential is South Korea with an import gap of $15M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Nitrile Compounds.

Country by Relatedness

The following visualization shows the relatedness of Nitrile Compounds 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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