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Oxides of boron; boric acids

2810 (Harmonized System 1992 for 4-digit)

2022
World Trade $694MRnk 1005 / 1218
2022
Top Exporter | Top Importer $202M | $262MUnited States | China
2022
Product Complexity -1.41Rnk 944 / 1033
2021 - 2022
Export Growth (CAGR) 26%Rnk 119 / 1218
2022
Share of World Trade 0.0029%Rnk 1005 / 1218

About

Overview This page contains the latest trade data of Boron. In 2022, Boron were the world's 1005th most traded product, with a total trade of $694M. Between 2021 and 2022 the exports of Boron grew by 26%, from $550M to $694M. Trade in Boron represent 0.0029% of total world trade.

Boron are a part of Inorganic chemicals. They include Oxides of boron, boric acids.

Exports In 2022 the top exporters of Boron  were United States ($202M), Turkey ($194M), Chile ($83.6M), Russia ($49.4M), and Peru ($27.6M).

Imports In 2022 the top importers of Boron were China ($262M), Brazil ($54.5M), South Korea ($37.3M), Japan ($36.3M), and Netherlands ($28.7M).

Ranking Boron ranks 944th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Boron. 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)United States$202M
Top Destination (2022)China$262M

In 2022 Boron were the world's 1005th most traded product (out of 1,218).

In 2022, the top exporters of Boron were United States ($202M), Turkey ($194M), Chile ($83.6M), Russia ($49.4M), and Peru ($27.6M).

In 2022, the top importers of Boron were China ($262M), Brazil ($54.5M), South Korea ($37.3M), Japan ($36.3M), and Netherlands ($28.7M).

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Exporters of Boron (2022)
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Importers of Boron (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Turkey$50.9M
Top Destination Growth (2021 -  2022)China$95.8M

Between 2021 and 2022, the exports of Boron grew the fastest in Turkey ($50.9M), Chile ($29.5M), United States ($23.3M), Peru ($8.63M), and Russia ($7.3M).

Between 2021 and 2022, the fastest growing importers of Boron were China ($95.8M), Brazil ($25.4M), Netherlands ($10M), Canada ($6.7M), and United States ($6.29M).

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Exporters of Boron (2021 - 2022)

Importers of Boron (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.2. This means that most of the exports of Boron are explained by 9 countries.

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Value of Exports in Boron

Net Trade

TOP NET EXPORTER (2022)Turkey$193M
TOP NET IMPORTER (2022)China$248M

This map shows which countries export or import more of Boron. Each country is colored based on the difference in exports and imports of Boron during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Boron were Turkey ($193M), United States ($183M), Chile ($83.3M), Russia ($48.3M), and Peru ($27.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Boron were China ($248M), Brazil ($54.4M), Japan ($34.7M), South Korea ($34.3M), and Netherlands ($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 Boron.
It is possible to select the main countries that export or import Boron in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Boron by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $766k
TOP IMPORT POTENTIALRussia+ $50k

Boron’s highest export potential is United States. With an export gap of $766k.  Boron’s highest import potential is Russia with an import gap of $50k.

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 (2022)

Country by Relatedness

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

Relative Relatedness by Country (2022)

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