2022
Exports
$64.3BWorld Rnk 12 / 226
Flag Rnk 2 / 21
2022
PRODUCT COMPLEXITY IN Chemical Products
2.43Rnk 1 / 1025
2022
Imports
$73.4BWorld Rnk 9 / 226
Flag Rnk 3 / 21
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $64.3B in Chemical Products, making it the 12th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 2nd most exported product in India. The main destination of Chemical Products exports from India are: United States ($14.1B), Brazil ($3.12B), China ($2.39B), Germany ($2.12B), and United Arab Emirates ($1.79B).

The fastest growing export markets for Chemical Products of India between 2021 and 2022 were United States ($1.38B), Brazil ($521M), and Belgium ($443M).

Imports In 2022, India imported $73.4B in Chemical Products, becoming the 9th largest importer of Chemical Products in the world. At the same year, Chemical Products was the 3rd most imported product in India. India imports Chemical Products primarily from: China ($19.1B), Saudi Arabia ($5.48B), United States ($4.47B), Japan ($3.31B), and Russia ($2.9B).

The fastest growing import markets in Chemical Products for India between 2021 and 2022 were Saudi Arabia ($2.02B), Russia ($1.98B), and Kuwait ($1.76B).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (575), IKEA Group (401), and Walmart (363) were at the forefront of shipping Chemical Products from India to the United States.

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Chemical Products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.3B
IMPORTS (2022)$73.4B
NET TRADE (2022)-$9.11B

In 2022, India exported $64.3B in Chemical Products. The main destinations of India exports on Chemical Products were United States ($14.1B), Brazil ($3.12B), China ($2.39B), Germany ($2.12B), and United Arab Emirates ($1.79B).

In 2022, India imported $73.4B in Chemical Products, mainly from China ($19.1B), Saudi Arabia ($5.48B), United States ($4.47B), Japan ($3.31B), and Russia ($2.9B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$1.38B (10.8%)
Brazil$521M (20.1%)
Belgium$443M (37.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY India WERE (2021 - 2022):
China-$1.07B (-30.9%)
Iran-$176M (-47.4%)
Nigeria-$123M (-13.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Chemical Products were:
In 2022, India's main importing competitors in Chemical Products were:

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.51B
TOP IMPORT POTENTIALChina+ $7.7B

Chemical Products’s highest export potential is United States. With an export gap of $4.51B.   Chemical Products’s highest import potential is China with an import gap of $7.7B.

See methodology.

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