2023
Exports
$68MWorld Rnk 6 / 113
Flag Rnk 524 / 1212
2023
PRODUCT COMPLEXITY IN Soapstone
-0.26Rnk 634 / 1025
2023
Imports
$6.7MWorld Rnk 30 / 191
Flag Rnk 904 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $68M in Soapstone, making it the 6th largest exporter of Soapstone in the world. At the same year, Soapstone was the 524th most exported product in India. The main destination of Soapstone exports from India are: Austria ($5.19M), Italy ($4.75M), Indonesia ($4.65M), Thailand ($4.15M), and Bangladesh ($3.96M).

The fastest growing export markets for Soapstone of India between 2022 and 2023 were Austria ($4.13M), Italy ($1.64M), and Bangladesh ($616k).

Imports In 2023, India imported $6.7M in Soapstone, becoming the 30th largest importer of Soapstone in the world. At the same year, Soapstone was the 904th most imported product in India. India imports Soapstone primarily from: Italy ($2.7M), United States ($1.11M), China ($708k), Belgium ($547k), and Austria ($325k).

The fastest growing import markets in Soapstone for India between 2022 and 2023 were Italy ($333k), Austria ($288k), and France ($151k).

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 Soapstone. 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)$68M
IMPORTS (2023)$6.7M
NET TRADE (2023)$61.3M

In 2023, India exported $68M in Soapstone. The main destinations of India exports on Soapstone were Austria ($5.19M), Italy ($4.75M), Indonesia ($4.65M), Thailand ($4.15M), and Bangladesh ($3.96M).

In 2023, India imported $6.7M in Soapstone, mainly from Italy ($2.7M), United States ($1.11M), China ($708k), Belgium ($547k), and Austria ($325k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soapstone EXPORT MARKETS FOR India WERE (2022 - 2023):
Austria$4.13M (392%)
Italy$1.64M (52.8%)
Bangladesh$616k (18.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soapstone BY India WERE (2022 - 2023):
Netherlands-$11M (-78.6%)
Belgium-$5.45M (-86.9%)
Thailand-$4.52M (-52.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Soapstone were:
In 2023, India's main importing competitors in Soapstone were:

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Trade Value of Soapstone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.47M
TOP IMPORT POTENTIALChina+ $1.1M

Soapstone’s highest export potential is China. With an export gap of $4.47M.   Soapstone’s highest import potential is China with an import gap of $1.1M.

See methodology.

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