Overview: This page contains the latest trade data of Chemical Products. In 2019, Chemical Products were the world's 4th most traded product, with a total trade of $1.81T. Between 2018 and 2019 the exports of Chemical Products decreased by -1.15%, from $1.83T to $1.81T. Trade in Chemical Products represent 9.98% of total world trade.
Exports: In 2019 the top exporters of Chemical Products were Germany ($197B), United States ($185B), China ($135B), Ireland ($118B), and Switzerland ($111B).
Imports: In 2019 the top importers of Chemical Products were United States ($240B), Germany ($142B), China ($133B), Belgium ($86.2B), and France ($70.5B).
Tariffs: In 2018 the average tariff for Chemical Products was 4.99%, making it the 20th lowest tariff using the Section product classification.
The countries with the highest import tariffs for Chemical Products are Bahamas (34.4%), Bermuda (22.2%), Iran (14.1%), Romania (13%), and Algeria (12.6%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Mauritius (0.2%), and Canada (0.42%).
Ranking: Chemical Products ranks 10th in the Product Complexity Index (PCI).