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292242 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.92BRnk 1464 / 4644
2023
Top Exporter | Top Importer $1.01B | $185MChina | Japan
2023
Product Complexity -0.014Rnk 2570 / 4656
2022 - 2023
Export Growth (CAGR) -12.6%Rnk 2997 / 4644
2023
Share of World Trade 0.0085%Rnk 1464 / 4644

About

Overview This page contains the latest trade data of Glutamic acid, salts. In 2023, Glutamic acid, salts were the world's 1464th most traded product, with a total trade of $1.92B. Between 2022 and 2023 the exports of Glutamic acid, salts decreased by -12.6%, from $2.2B to $1.92B. Trade in Glutamic acid, salts represent 0.0085% of total world trade.

Glutamic acid, salts are a part of Oxygen Amino Compounds.

Exports In 2023 the top exporters of Glutamic acid, salts  were China ($1.01B), Indonesia ($186M), Thailand ($169M), Brazil ($161M), and France ($101M).

Imports In 2023 the top importers of Glutamic acid, salts were Japan ($185M), Vietnam ($167M), Nigeria ($128M), Thailand ($116M), and Indonesia ($111M).

Ranking Glutamic acid, salts ranks 2570th in the Product Complexity Index (PCI).

Description Glutamic acid is a naturally occurring amino acid found in proteins in the human body. It is necessary for normal metabolism and is used as a food additive to make food more savory. Glutamic acid is used to make bouillon cubes, soy sauce, and parmesan cheese. It is also used as a preservative.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Glutamic acid, salts. 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)China$1.01B
Top Destination (2023)Japan$185M

In 2023 Glutamic acid, salts were the world's 1464th most traded product (out of 4,644).

In 2023, the top exporters of Glutamic acid, salts were China ($1.01B), Indonesia ($186M), Thailand ($169M), Brazil ($161M), and France ($101M).

In 2023, the top importers of Glutamic acid, salts were Japan ($185M), Vietnam ($167M), Nigeria ($128M), Thailand ($116M), and Indonesia ($111M).

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Exporters of Glutamic acid, salts (2023)
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Importers of Glutamic acid, salts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Poland$4.17M
Top Destination Growth (2022 -  2023)Vietnam$21.3M

Between 2022 and 2023, the exports of Glutamic acid, salts grew the fastest in Poland ($4.17M), United States ($2.86M), Malaysia ($1.53M), Mongolia ($1.48M), and United Kingdom ($1.28M).

Between 2022 and 2023, the fastest growing importers of Glutamic acid, salts were Vietnam ($21.3M), Saudi Arabia ($6.17M), Poland ($5.97M), Brazil ($3.18M), and South Korea ($1.6M).

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Exporters of Glutamic acid, salts (2022 - 2023)

Importers of Glutamic acid, salts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Glutamic acid, salts.

In 2023, market concentration measured using Shannon Entropy, was 2.59. This means that most of the exports of Glutamic acid, salts are explained by 6 countries.

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Value of Exports in Glutamic acid, salts

Net Trade

TOP NET EXPORTER (2023)China$1B
TOP NET IMPORTER (2023)Japan$178M

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

In 2023, the countries that had a largest trade value in exports than in imports of Glutamic acid, salts were China ($1B), Brazil ($153M), France ($96.2M), Indonesia ($75.3M), and Thailand ($53M).

In 2023, the countries that had a largest trade value in imports than in exports of Glutamic acid, salts were Japan ($178M), Nigeria ($128M), Philippines ($85.1M), South Korea ($81.3M), and Vietnam ($71.2M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Glutamic acid, salts 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 (2023)

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