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Exports In 2023, India exported $2.77M in Nitric Acids, making it the 23rd largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 1014th most exported product in India. The main destination of Nitric Acids exports from India are: United Arab Emirates ($1.15M), Kuwait ($302k), Nepal ($280k), Sri Lanka ($196k), and Saudi Arabia ($135k).

The fastest growing export markets for Nitric Acids of India between 2022 and 2023 were Sudan ($40.5k), United Arab Emirates ($32.8k), and Ghana ($30.5k).

Imports In 2023, India imported $23.3M in Nitric Acids, becoming the 7th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 717th most imported product in India. India imports Nitric Acids primarily from: South Korea ($14.8M), Chinese Taipei ($4.1M), China ($3.38M), Canada ($247k), and United States ($246k).

The fastest growing import markets in Nitric Acids for India between 2022 and 2023 were South Korea ($4.96M), China ($1.15M), and Chinese Taipei ($1.04M).

Latest Trends

Dec 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 Nitric Acids. 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 (2023)$2.77M
IMPORTS (2023)$23.3M
NET TRADE (2023)-$20.5M

In 2023, India exported $2.77M in Nitric Acids. The main destinations of India exports on Nitric Acids were United Arab Emirates ($1.15M), Kuwait ($302k), Nepal ($280k), Sri Lanka ($196k), and Saudi Arabia ($135k).

In 2023, India imported $23.3M in Nitric Acids, mainly from South Korea ($14.8M), Chinese Taipei ($4.1M), China ($3.38M), Canada ($247k), and United States ($246k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR India WERE (2022 - 2023):
Sudan$40.5k (1%)
United Arab Emirates$32.8k (2.92%)
Ghana$30.5k (2.74k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY India WERE (2022 - 2023):
Panama-$385k (-100%)
Benin-$383k (-92.4%)
Bangladesh-$366k (-99.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Nitric Acids were:
In 2023, India's main importing competitors in Nitric Acids were:
Germany $50.8M
France $35.9M
Belgium $35.3M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $99.3k
TOP IMPORT POTENTIALChina+ $842k

Nitric Acids’s highest export potential is United States. With an export gap of $99.3k.   Nitric Acids’s highest import potential is China with an import gap of $842k.

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