Organic chemicals29 (Harmonized System 1992 for 2-digit)
2021 World Trade: $494B, Rnk 10 / 96
2021 Top Exporter | Top Importer: $85.8B | $55.7B, China | United States
2021 Product Complexity: 0.87, Rnk 22 / 96
2020 - 2021 Export Growth (CAGR): 25%, Rnk 37 / 96
2018 Mean Tariff: 3.98%, Rnk 84 / 96
2021 Share of World Trade: 2.35%, Rnk 10 / 96
Overview This page contains the latest trade data of Organic chemicals. In 2021, Organic chemicals were the world's 10th most traded product, with a total trade of $494B. Between 2020 and 2021 the exports of Organic chemicals grew by 25%, from $395B to $494B. Trade in Organic chemicals represent 2.35% of total world trade.
Organic chemicals are a part of Chemical Products. They include Organic chemicals.
Exports In 2021 the top exporters of Organic chemicals were China ($85.8B), United States ($43.3B), Ireland ($39.7B), Germany ($33.4B), and Switzerland ($28.9B).
Imports In 2021 the top importers of Organic chemicals were United States ($55.7B), China ($55B), Germany ($39.4B), Belgium ($27.6B), and India ($26.4B).
Tariffs In 2018 the average tariff for Organic chemicals was 3.98%, making it the 84th lowest tariff using the HS2 product classification.
Ranking Organic chemicals ranks 22nd in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Organic chemicals. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): China, $85.8B
Top Destination (2021): United States, $55.7B
Organic chemicals are the world's 10th most traded product.
In 2021, the top exporters of Organic chemicals were China ($85.8B), United States ($43.3B), Ireland ($39.7B), Germany ($33.4B), and Switzerland ($28.9B).
In 2021, the top importers of Organic chemicals were United States ($55.7B), China ($55B), Germany ($39.4B), Belgium ($27.6B), and India ($26.4B).
Trade by country
Between 2020 and 2021, the exports of Organic chemicals grew the fastest in China ($26.4B), United States ($8.2B), South Korea ($7.9B), Netherlands ($7.5B), and Germany ($6.63B).
Between 2020 and 2021, the fastest growing importers of Organic chemicals were China ($11.8B), India ($8.11B), Belgium ($6.12B), Netherlands ($5.29B), and Slovenia ($4B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Organic chemicals.
In 2021, market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Organic chemicals are explained by 24 countries.
TOP NET EXPORTER (2021): Ireland, $31.5B
TOP NET IMPORTER (2021): United States, $12.4B
This map shows which countries export or import more of Organic chemicals. Each country is colored based on the difference in exports and imports of Organic chemicals during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Organic chemicals were Ireland ($31.5B), China ($30.8B), Switzerland ($21.1B), Saudi Arabia ($12.5B), and South Korea ($8.16B).
In 2021, the countries that had a largest trade value in imports than in exports of Organic chemicals were United States ($12.4B), Brazil ($10.5B), Italy ($9.62B), Belgium ($8.14B), and Turkey ($8.1B).
In 2021, the world most traded Organic chemicals, disaggragated by their HS6 level were Organic chemicals ($494B)
This visualization shows the countries that have an important ratio of their trade related to Organic chemicals. It is possible to select the main countries that export or import Organic chemicals in the world, or by continent, as well as select the measure of interest.
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.
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