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280511 (Harmonized System 1992 for 6-digit)

2023
World Trade $98.6MRnk 4062 / 4644
2023
Top Exporter | Top Importer $49.9M | $32.4MFrance | United States
2023
Product Complexity -0.73Rnk 3527 / 4656
2022 - 2023
Export Growth (CAGR) -18.4%Rnk 3554 / 4644
2023
Share of World Trade 0.00044%Rnk 4062 / 4644

About

Overview This page contains the latest trade data of Sodium. In 2023, Sodium were the world's 4062nd most traded product, with a total trade of $98.6M. Between 2022 and 2023 the exports of Sodium decreased by -18.4%, from $121M to $98.6M. Trade in Sodium represent 0.00044% of total world trade.

Sodium are a part of Alkali, alkaline-earth, rare-earth metals, scandium, yttrium, and mercury.

Exports In 2023 the top exporters of Sodium  were France ($49.9M), China ($34.3M), Germany ($3.41M), Belgium ($3.16M), and United States ($1.16M).

Imports In 2023 the top importers of Sodium were United States ($32.4M), India ($19.8M), Germany ($8.17M), Japan ($7.38M), and Finland ($6.64M).

Ranking Sodium ranks 3527th in the Product Complexity Index (PCI).

Description The common industrial uses of sodium are in the production of sodium hydroxide (NaOH) and sodium chloride (NaCl), both of which are popular industrial chemicals. When combined with water, NaOH can be used to produce a variety of compounds including soaps, detergents, and other cleaners.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Sodium. 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)France$49.9M
Top Destination (2023)United States$32.4M

In 2023 Sodium were the world's 4062nd most traded product (out of 4,644).

In 2023, the top exporters of Sodium were France ($49.9M), China ($34.3M), Germany ($3.41M), Belgium ($3.16M), and United States ($1.16M).

In 2023, the top importers of Sodium were United States ($32.4M), India ($19.8M), Germany ($8.17M), Japan ($7.38M), and Finland ($6.64M).

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Exporters of Sodium (2023)
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Importers of Sodium (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$2.02M
Top Destination Growth (2022 -  2023)Belgium$1.86M

Between 2022 and 2023, the exports of Sodium grew the fastest in Germany ($2.02M), Belgium ($545k), Spain ($440k), India ($198k), and Jordan ($195k).

Between 2022 and 2023, the fastest growing importers of Sodium were Belgium ($1.86M), Netherlands ($352k), Kazakhstan ($337k), Chinese Taipei ($308k), and Saudi Arabia ($295k).

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Exporters of Sodium (2022 - 2023)

Importers of Sodium (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sodium.

In 2023, market concentration measured using Shannon Entropy, was 1.96. This means that most of the exports of Sodium are explained by 3 countries.

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Value of Exports in Sodium

Net Trade

TOP NET EXPORTER (2023)France$47.3M
TOP NET IMPORTER (2023)United States$31.3M

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

In 2023, the countries that had a largest trade value in exports than in imports of Sodium were France ($47.3M), China ($33.5M), Jordan ($1.05M), Ireland ($782k), and Spain ($607k).

In 2023, the countries that had a largest trade value in imports than in exports of Sodium were United States ($31.3M), India ($19.1M), Japan ($7.18M), Finland ($6.64M), and Germany ($4.76M).

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

Top 10 Exporters Countries of Sodium by percentage of total exports

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)

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