2022
Exports
$104MWorld Rnk 2 / 82
Flag Rnk 1649 / 4586
falsefalse Netherlands
2022
Imports
$20.5MWorld Rnk 6 / 167
Flag Rnk 2967 / 4555
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $104M in Formic acid, making it the 2nd largest exporter of Formic acid in the world. At the same year, Formic acid was the 1649th most exported product in Germany. The main destination of Formic acid exports from Germany are: Netherlands ($16.4M), Italy ($12.5M), Belgium ($10.5M), Spain ($8.96M), and France ($7.28M).

Imports In 2022, Germany imported $20.5M in Formic acid, becoming the 6th largest importer of Formic acid in the world. At the same year, Formic acid was the 2967th most imported product in Germany. Germany imports Formic acid primarily from: Netherlands ($7.91M), Finland ($5.13M), Sweden ($4.25M), Belgium ($1.03M), and China ($684k).

The fastest growing import markets in Formic acid for Germany between 2021 and 2022 were Finland ($1.86M), Netherlands ($1.11M), and Sweden ($898k).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (22k), Robert Bosch (15.9k), and General Motors (9.39k) were at the forefront of shipping Formic acid from Germany to the United States.

Latest Trends

Jul 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 Formic acid. 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)$104M
IMPORTS (2022)$20.5M
NET TRADE (2022)$83.3M

In 2022, Germany exported $104M in Formic acid. The main destinations of Germany exports on Formic acid were Netherlands ($16.4M), Italy ($12.5M), Belgium ($10.5M), Spain ($8.96M), and France ($7.28M).

In 2022, Germany imported $20.5M in Formic acid, mainly from Netherlands ($7.91M), Finland ($5.13M), Sweden ($4.25M), Belgium ($1.03M), and China ($684k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Formic acid were:
China $208M
Finland $38.6M
In 2022, Germany's main importing competitors in Formic acid were:

Explore Visualizations

Trade Value of Formic acid by Exporters

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