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281512 (Harmonized System 1992 for 6-digit)

2023
World Trade $6.96BRnk 533 / 4644
2023
Top Exporter | Top Importer $1.73B | $1.13BUnited States | Australia
2023
Product Complexity 0.32Rnk 2002 / 4656
2022 - 2023
Export Growth (CAGR) -24.2%Rnk 3962 / 4644
2023
Share of World Trade 0.031%Rnk 533 / 4644

About

Overview This page contains the latest trade data of Sodium hydroxide (caustic soda) in aqueous solution. In 2023, Sodium hydroxide (caustic soda) in aqueous solution were the world's 533rd most traded product, with a total trade of $6.96B. Between 2022 and 2023 the exports of Sodium hydroxide (caustic soda) in aqueous solution decreased by -24.2%, from $9.19B to $6.96B. Trade in Sodium hydroxide (caustic soda) in aqueous solution represent 0.031% of total world trade.

Sodium hydroxide (caustic soda) in aqueous solution are a part of Sodium or Potassium Peroxides.

Exports In 2023 the top exporters of Sodium hydroxide (caustic soda) in aqueous solution  were United States ($1.73B), China ($827M), Germany ($686M), Japan ($543M), and Belgium ($370M).

Imports In 2023 the top importers of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($1.13B), Brazil ($872M), United States ($355M), Netherlands ($334M), and Finland ($331M).

Ranking Sodium hydroxide (caustic soda) in aqueous solution ranks 2002nd in the Product Complexity Index (PCI).

Description Sodium hydroxide is the most commonly used base in aqueous solutions. It can be used as a strong alkali to neutralize acids, to digest animal proteins, to saponify fats and oils, and to dissolve various organic compounds.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Sodium hydroxide (caustic soda) in aqueous solution. 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)United States$1.73B
Top Destination (2023)Australia$1.13B

In 2023 Sodium hydroxide (caustic soda) in aqueous solution were the world's 533rd most traded product (out of 4,644).

In 2023, the top exporters of Sodium hydroxide (caustic soda) in aqueous solution were United States ($1.73B), China ($827M), Germany ($686M), Japan ($543M), and Belgium ($370M).

In 2023, the top importers of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($1.13B), Brazil ($872M), United States ($355M), Netherlands ($334M), and Finland ($331M).

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Exporters of Sodium hydroxide (caustic soda) in aqueous solution (2023)
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Importers of Sodium hydroxide (caustic soda) in aqueous solution (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Qatar$107M
Top Destination Growth (2022 -  2023)United Arab Emirates$153M

Between 2022 and 2023, the exports of Sodium hydroxide (caustic soda) in aqueous solution grew the fastest in Qatar ($107M), Norway ($49.8M), Iran ($15.6M), Italy ($12.4M), and Latvia ($7.47M).

Between 2022 and 2023, the fastest growing importers of Sodium hydroxide (caustic soda) in aqueous solution were United Arab Emirates ($153M), Uruguay ($29.1M), Ireland ($7.84M), Latvia ($6.08M), and China ($5.06M).

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Exporters of Sodium hydroxide (caustic soda) in aqueous solution (2022 - 2023)

Importers of Sodium hydroxide (caustic soda) in aqueous solution (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sodium hydroxide (caustic soda) in aqueous solution.

In 2023, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Sodium hydroxide (caustic soda) in aqueous solution are explained by 16 countries.

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Value of Exports in Sodium hydroxide (caustic soda) in aqueous solution

Net Trade

TOP NET EXPORTER (2023)United States$1.38B
TOP NET IMPORTER (2023)Australia$1.13B

This map shows which countries export or import more of Sodium hydroxide (caustic soda) in aqueous solution. Each country is colored based on the difference in exports and imports of Sodium hydroxide (caustic soda) in aqueous solution during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Sodium hydroxide (caustic soda) in aqueous solution were United States ($1.38B), China ($818M), Japan ($542M), Germany ($470M), and Qatar ($257M).

In 2023, the countries that had a largest trade value in imports than in exports of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($1.13B), Brazil ($869M), Finland ($329M), Canada ($257M), and Sweden ($234M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Sodium hydroxide (caustic soda) in aqueous solution.
It is possible to select the main countries that export or import Sodium hydroxide (caustic soda) in aqueous solution in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sodium hydroxide (caustic soda) in aqueous solution 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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