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Exports In 2022, India exported $741k in Formic acid, making it the 19th largest exporter of Formic acid in the world. At the same year, Formic acid was the 3727th most exported product in India. The main destination of Formic acid exports from India are: United Arab Emirates ($241k), Bangladesh ($143k), Nepal ($81.2k), United States ($63.8k), and Turkey ($32k).
The fastest growing export markets for Formic acid of India between 2021 and 2022 were United Arab Emirates ($199k), Bangladesh ($38.5k), and Nepal ($30.7k).
Imports In 2022, India imported $19.7M in Formic acid, becoming the 7th largest importer of Formic acid in the world. At the same year, Formic acid was the 1786th most imported product in India. India imports Formic acid primarily from: China ($13.8M), Germany ($3.18M), Finland ($1.62M), United States ($377k), and Hong Kong ($262k).
The fastest growing import markets in Formic acid for India between 2021 and 2022 were Germany ($1.14M), United States ($339k), and Belgium ($181k).
COMPANIES In 2023, leading companies such as John Deere (6.8k), IKEA Group (6.65k), and Old Navy (4.68k) were at the forefront of shipping Formic acid from India to the United States.
