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291631 (Harmonized System 1992 for 6-digit)

2022
World Trade $716MRnk 2554 / 4648
2022
Top Exporter | Top Importer $195M | $98.8MChina | United States
2022
Product Complexity 0.88Rnk 956 / 4653
2021 - 2022
Export Growth (CAGR) 9.41%Rnk 1679 / 4648
2022
Share of World Trade 0.003%Rnk 2554 / 4648

About

Overview This page contains the latest trade data of Benzoic acid, its salts & esters. In 2022, Benzoic acid, its salts & esters were the world's 2554th most traded product, with a total trade of $716M. Between 2021 and 2022 the exports of Benzoic acid, its salts & esters grew by 9.41%, from $655M to $716M. Trade in Benzoic acid, its salts & esters represent 0.003% of total world trade.

Benzoic acid, its salts & esters are a part of Unsaturated Acyclic Monocarboxylic Acids.

Exports In 2022 the top exporters of Benzoic acid, its salts & esters  were China ($195M), Netherlands ($187M), United States ($67.6M), Estonia ($64.8M), and India ($38M).

Imports In 2022 the top importers of Benzoic acid, its salts & esters were United States ($98.8M), Germany ($53.4M), Brazil ($49.1M), Italy ($35.3M), and Belgium ($31.2M).

Ranking Benzoic acid, its salts & esters ranks 956th in the Product Complexity Index (PCI).

Description Benzoic acid is a strong acid that is used as a preservative in food and cosmetics. It is also used in the production of polycarbonates, which are often used for baby bottles and for plastic dishes. Benzoic acid salts and esters are used in products like moth balls, where the acid is used to combat insect pests.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Benzoic acid, its salts & esters. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$195M
Top Destination (2022)United States$98.8M

In 2022 Benzoic acid, its salts & esters were the world's 2554th most traded product (out of 4,648).

In 2022, the top exporters of Benzoic acid, its salts & esters were China ($195M), Netherlands ($187M), United States ($67.6M), Estonia ($64.8M), and India ($38M).

In 2022, the top importers of Benzoic acid, its salts & esters were United States ($98.8M), Germany ($53.4M), Brazil ($49.1M), Italy ($35.3M), and Belgium ($31.2M).

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Exporters of Benzoic acid, its salts & esters (2022)
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Importers of Benzoic acid, its salts & esters (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$15.9M
Top Destination Growth (2021 -  2022)Brazil$15.8M

Between 2021 and 2022, the exports of Benzoic acid, its salts & esters grew the fastest in China ($15.9M), United States ($11.6M), Italy ($9M), Netherlands ($8.04M), and France ($6.03M).

Between 2021 and 2022, the fastest growing importers of Benzoic acid, its salts & esters were Brazil ($15.8M), United States ($13.1M), Italy ($8.37M), Japan ($5.91M), and Mexico ($3.85M).

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Exporters of Benzoic acid, its salts & esters (2021 - 2022)

Importers of Benzoic acid, its salts & esters (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Benzoic acid, its salts & esters.

In 2022, market concentration measured using Shannon Entropy, was 3.27. This means that most of the exports of Benzoic acid, its salts & esters are explained by 9 countries.

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Value of Exports in Benzoic acid, its salts & esters

Net Trade

TOP NET EXPORTER (2022)China$181M
TOP NET IMPORTER (2022)Brazil$48.6M

This map shows which countries export or import more of Benzoic acid, its salts & esters. Each country is colored based on the difference in exports and imports of Benzoic acid, its salts & esters during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Benzoic acid, its salts & esters were China ($181M), Netherlands ($163M), Estonia ($64.3M), India ($23.2M), and France ($8.23M).

In 2022, the countries that had a largest trade value in imports than in exports of Benzoic acid, its salts & esters were Brazil ($48.6M), Germany ($34.9M), United States ($31.2M), Mexico ($30.2M), and Thailand ($16.6M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Benzoic acid, its salts & esters.
It is possible to select the main countries that export or import Benzoic acid, its salts & esters in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Benzoic acid, its salts & esters by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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