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Borates; peroxoborates (perborates)

2840 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.4BRnk 861 / 1217
2023
Top Exporter | Top Importer $751M | $484MTurkey | China
2023
Product Complexity -0.44Rnk 707 / 1044
2022 - 2023
Export Growth (CAGR) 4.07%Rnk 277 / 1217
2023
Share of World Trade 0.0062%Rnk 861 / 1217

About

Overview This page contains the latest trade data of Borates. In 2023, Borates were the world's 861st most traded product, with a total trade of $1.4B. Between 2022 and 2023 the exports of Borates grew by 4.07%, from $1.34B to $1.4B. Trade in Borates represent 0.0062% of total world trade.

Borates are a part of Inorganic chemicals. They include Disodium tetraborate (refined borax) hydrated, Borates of metals except refined borax, Peroxoborates (perborates) of metals, and Disodium tetraborate (refined borax) anhydrous.

Exports In 2023 the top exporters of Borates  were Turkey ($751M), United States ($414M), China ($38.9M), Luxembourg ($26.8M), and Netherlands ($23.3M).

Imports In 2023 the top importers of Borates were China ($484M), United States ($122M), India ($107M), Indonesia ($59.8M), and Netherlands ($57.2M).

Ranking Borates ranks 707th in the Product Complexity Index (PCI).

Description Borates are used in flame retardants, water treatment, and detergents. Peroxoborates are used as a bleach in laundry detergent.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Borates. 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 (2023)Turkey$751M
Top Destination (2023)China$484M

In 2023 Borates were the world's 861st most traded product (out of 1,217).

In 2023, the top exporters of Borates were Turkey ($751M), United States ($414M), China ($38.9M), Luxembourg ($26.8M), and Netherlands ($23.3M).

In 2023, the top importers of Borates were China ($484M), United States ($122M), India ($107M), Indonesia ($59.8M), and Netherlands ($57.2M).

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Exporters of Borates (2023)
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Importers of Borates (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$52.6M
Top Destination Growth (2022 -  2023)Netherlands$40M

Between 2022 and 2023, the exports of Borates grew the fastest in United States ($52.6M), Netherlands ($11.7M), Luxembourg ($5.21M), Malaysia ($4.92M), and Turkey ($3.14M).

Between 2022 and 2023, the fastest growing importers of Borates were Netherlands ($40M), India ($30.7M), Guatemala ($23.1M), United States ($9.42M), and France ($7.43M).

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Exporters of Borates (2022 - 2023)

Importers of Borates (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Borates.

In 2023, market concentration measured using Shannon Entropy, was 2.15. This means that most of the exports of Borates are explained by 4 countries.

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Value of Exports in Borates

Net Trade

TOP NET EXPORTER (2023)Turkey$750M
TOP NET IMPORTER (2023)China$445M

This map shows which countries export or import more of Borates. Each country is colored based on the difference in exports and imports of Borates during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Borates were Turkey ($750M), United States ($292M), Luxembourg ($26.6M), Argentina ($12.9M), and Peru ($10.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Borates were China ($445M), India ($98.4M), Indonesia ($59.8M), Canada ($41M), and Germany ($36.7M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Borates, disaggragated by their HS6 level were Disodium tetraborate (refined borax) hydrated ($1.13B), Borates of metals except refined borax ($157M), Disodium tetraborate (refined borax) anhydrous ($93.1M), and Peroxoborates (perborates) of metals ($19.9M)

HS6 Disaggregation for Borates (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Borates by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $1.03M
TOP IMPORT POTENTIALItaly+ $47.3k

Borates’s highest export potential is Russia. With an export gap of $1.03M.  Borates’s highest import potential is Italy with an import gap of $47.3k.

See methodology.

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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 (2023)

Country by Relatedness

The following visualization shows the relatedness of Borates to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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