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Pricing

283429 (Harmonized System 1992 for 6-digit)

2022
World Trade $534MRnk 2867 / 4648
2022
Top Exporter | Top Importer $138M | $39.6MChina | United States
2022
Product Complexity -0.074Rnk 2632 / 4653
2021 - 2022
Export Growth (CAGR) 17.7%Rnk 932 / 4648
2022
Share of World Trade 0.0023%Rnk 2867 / 4648

About

Overview This page contains the latest trade data of Nitrates of metals except potassium and bismuth. In 2022, Nitrates of metals except potassium and bismuth were the world's 2867th most traded product, with a total trade of $534M. Between 2021 and 2022 the exports of Nitrates of metals except potassium and bismuth grew by 17.7%, from $454M to $534M. Trade in Nitrates of metals except potassium and bismuth represent 0.0023% of total world trade.

Nitrates of metals except potassium and bismuth are a part of Nitrites and Nitrates.

Exports In 2022 the top exporters of Nitrates of metals except potassium and bismuth  were China ($138M), Norway ($67.2M), Belgium ($38M), Netherlands ($30.9M), and United Kingdom ($29.8M).

Imports In 2022 the top importers of Nitrates of metals except potassium and bismuth were United States ($39.6M), Germany ($35.7M), Mexico ($30.7M), Japan ($27.4M), and France ($26.5M).

Ranking Nitrates of metals except potassium and bismuth ranks 2632nd in the Product Complexity Index (PCI).

Description Nitrates are used in the manufacture of fertilizers--they are often used in a mixture with ammonium nitrate. Potassium nitrate is also used in the manufacture of black gunpowder, and in the production of matches. Bismuth nitrate is used for therapeutic purposes in the treatment of stomach and bowel disorders.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nitrates of metals except potassium and bismuth. 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 (2022)China$138M
Top Destination (2022)United States$39.6M

In 2022 Nitrates of metals except potassium and bismuth were the world's 2867th most traded product (out of 4,648).

In 2022, the top exporters of Nitrates of metals except potassium and bismuth were China ($138M), Norway ($67.2M), Belgium ($38M), Netherlands ($30.9M), and United Kingdom ($29.8M).

In 2022, the top importers of Nitrates of metals except potassium and bismuth were United States ($39.6M), Germany ($35.7M), Mexico ($30.7M), Japan ($27.4M), and France ($26.5M).

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Exporters of Nitrates of metals except potassium and bismuth (2022)
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Importers of Nitrates of metals except potassium and bismuth (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Norway$21.9M
Top Destination Growth (2021 -  2022)United States$12.6M

Between 2021 and 2022, the exports of Nitrates of metals except potassium and bismuth grew the fastest in Norway ($21.9M), Netherlands ($15.3M), China ($12.3M), Malaysia ($11.8M), and United Kingdom ($8.24M).

Between 2021 and 2022, the fastest growing importers of Nitrates of metals except potassium and bismuth were United States ($12.6M), Belgium ($11.3M), Mexico ($10.8M), Germany ($8.76M), and India ($7.47M).

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Exporters of Nitrates of metals except potassium and bismuth (2021 - 2022)

Importers of Nitrates of metals except potassium and bismuth (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nitrates of metals except potassium and bismuth.

In 2022, market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Nitrates of metals except potassium and bismuth are explained by 15 countries.

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Value of Exports in Nitrates of metals except potassium and bismuth

Net Trade

TOP NET EXPORTER (2022)China$125M
TOP NET IMPORTER (2022)Mexico$28M

This map shows which countries export or import more of Nitrates of metals except potassium and bismuth. Each country is colored based on the difference in exports and imports of Nitrates of metals except potassium and bismuth during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Nitrates of metals except potassium and bismuth were China ($125M), Norway ($66.8M), Poland ($25.1M), United Kingdom ($17.8M), and Spain ($16.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Nitrates of metals except potassium and bismuth were Mexico ($28M), South Korea ($23.4M), Australia ($19.2M), Canada ($18.6M), and Japan ($18M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Nitrates of metals except potassium and bismuth.
It is possible to select the main countries that export or import Nitrates of metals except potassium and bismuth in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Nitrates of metals except potassium and bismuth 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 (2022)

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