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Nitrogen-function compounds, n.e.c. in chapter 29

2929 (Harmonized System 1992 for 4-digit)

2023
World Trade $6.34BRnk 477 / 1217
2023
Top Exporter | Top Importer $1.52B | $379MChina | China
2023
Product Complexity 1.16Rnk 123 / 1044
2022 - 2023
Export Growth (CAGR) -14.8%Rnk 895 / 1217
2023
Share of World Trade 0.028%Rnk 477 / 1217

About

Overview This page contains the latest trade data of Other Nitrogen Compounds. In 2023, Other Nitrogen Compounds were the world's 477th most traded product, with a total trade of $6.34B. Between 2022 and 2023 the exports of Other Nitrogen Compounds decreased by -14.8%, from $7.44B to $6.34B. Trade in Other Nitrogen Compounds represent 0.028% of total world trade.

Other Nitrogen Compounds are a part of Organic chemicals. They include Isocyanates and Compounds with other nitrogen function, nes.

Exports In 2023 the top exporters of Other Nitrogen Compounds  were China ($1.52B), South Korea ($912M), Germany ($745M), Hungary ($714M), and Japan ($503M).

Imports In 2023 the top importers of Other Nitrogen Compounds were China ($379M), Belgium ($366M), Turkey ($365M), Italy ($323M), and United States ($319M).

Ranking Other Nitrogen Compounds ranks 123rd in the Product Complexity Index (PCI).

Description Nitrogen-function compounds are used in a wide variety of applications. Nitrous oxide is used as an anesthetic, and nitrogen is used in the production of ammonia. Ammonia is used in the production of nitric acid, which is used in the production of fertilizers. Nitric acid is also used in the production of explosives.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Other Nitrogen 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$1.52B
Top Destination (2023)China$379M

In 2023 Other Nitrogen Compounds were the world's 477th most traded product (out of 1,217).

In 2023, the top exporters of Other Nitrogen Compounds were China ($1.52B), South Korea ($912M), Germany ($745M), Hungary ($714M), and Japan ($503M).

In 2023, the top importers of Other Nitrogen Compounds were China ($379M), Belgium ($366M), Turkey ($365M), Italy ($323M), and United States ($319M).

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Exporters of Other Nitrogen Compounds (2023)
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Importers of Other Nitrogen Compounds (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Thailand$5.91M
Top Destination Growth (2022 -  2023)Latvia$24M

Between 2022 and 2023, the exports of Other Nitrogen Compounds grew the fastest in Thailand ($5.91M), Saudi Arabia ($4.34M), Canada ($4.24M), Poland ($2.86M), and Djibouti ($2.32M).

Between 2022 and 2023, the fastest growing importers of Other Nitrogen Compounds were Latvia ($24M), Belgium ($16.9M), Mexico ($16.1M), Canada ($9.02M), and Ethiopia ($8.85M).

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Exporters of Other Nitrogen Compounds (2022 - 2023)

Importers of Other Nitrogen Compounds (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Nitrogen Compounds.

In 2023, market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Other Nitrogen Compounds are explained by 11 countries.

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Value of Exports in Other Nitrogen Compounds

Net Trade

TOP NET EXPORTER (2023)China$1.14B
TOP NET IMPORTER (2023)Turkey$330M

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

In 2023, the countries that had a largest trade value in exports than in imports of Other Nitrogen Compounds were China ($1.14B), South Korea ($819M), Hungary ($682M), Germany ($488M), and Saudi Arabia ($350M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Nitrogen Compounds were Turkey ($330M), Italy ($293M), Brazil ($277M), India ($259M), and Poland ($179M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Other Nitrogen Compounds, disaggragated by their HS6 level were Isocyanates ($5.67B) and Compounds with other nitrogen function, nes ($666M)

HS6 Disaggregation for Other Nitrogen 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 Other Nitrogen Compounds.
It is possible to select the main countries that export or import Other Nitrogen Compounds in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other Nitrogen Compounds by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $63M
TOP IMPORT POTENTIALSouth Korea+ $17.5M

Other Nitrogen Compounds’s highest export potential is India. With an export gap of $63M.  Other Nitrogen Compounds’s highest import potential is South Korea with an import gap of $17.5M.

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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 Other Nitrogen Compounds.

Country by Relatedness

The following visualization shows the relatedness of Other Nitrogen 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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