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291811 (Harmonized System 1992 for 6-digit)

2023
World Trade $792MRnk 2374 / 4644
2023
Top Exporter | Top Importer $169M | $102MNetherlands | Netherlands
2023
Product Complexity 0.55Rnk 1579 / 4656
2022 - 2023
Export Growth (CAGR) -12.5%Rnk 2982 / 4644
2023
Share of World Trade 0.0035%Rnk 2374 / 4644

About

Overview This page contains the latest trade data of Lactic acid, its salts & esters. In 2023, Lactic acid, its salts & esters were the world's 2374th most traded product, with a total trade of $792M. Between 2022 and 2023 the exports of Lactic acid, its salts & esters decreased by -12.5%, from $905M to $792M. Trade in Lactic acid, its salts & esters represent 0.0035% of total world trade.

Lactic acid, its salts & esters are a part of Carboxylic Acids.

Exports In 2023 the top exporters of Lactic acid, its salts & esters  were Netherlands ($169M), Thailand ($147M), China ($137M), Belgium ($69.1M), and Spain ($65.4M).

Imports In 2023 the top importers of Lactic acid, its salts & esters were Netherlands ($102M), Spain ($63.7M), United States ($60.8M), Germany ($51.2M), and Japan ($41.3M).

Ranking Lactic acid, its salts & esters ranks 1579th in the Product Complexity Index (PCI).

Description Lactic acid is used as a preservative and acidulant in food products, and as an intermediate in the manufacture of other chemicals. It is also used as a feedstock for production of other chemicals, for instance, it is one of the raw materials in the synthesis of poly(lactic acid) (PLA), a biodegradable plastics.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lactic 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 (2023)Netherlands$169M
Top Destination (2023)Netherlands$102M

In 2023 Lactic acid, its salts & esters were the world's 2374th most traded product (out of 4,644).

In 2023, the top exporters of Lactic acid, its salts & esters were Netherlands ($169M), Thailand ($147M), China ($137M), Belgium ($69.1M), and Spain ($65.4M).

In 2023, the top importers of Lactic acid, its salts & esters were Netherlands ($102M), Spain ($63.7M), United States ($60.8M), Germany ($51.2M), and Japan ($41.3M).

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Exporters of Lactic acid, its salts & esters (2023)
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Importers of Lactic acid, its salts & esters (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Thailand$15.4M
Top Destination Growth (2022 -  2023)Spain$22.1M

Between 2022 and 2023, the exports of Lactic acid, its salts & esters grew the fastest in Thailand ($15.4M), Israel ($5.56M), United Kingdom ($4.05M), United States ($2.23M), and Austria ($1.45M).

Between 2022 and 2023, the fastest growing importers of Lactic acid, its salts & esters were Spain ($22.1M), Netherlands ($9.32M), Saudi Arabia ($4.1M), France ($2.39M), and Poland ($2.36M).

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Exporters of Lactic acid, its salts & esters (2022 - 2023)

Importers of Lactic acid, its salts & esters (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.42. This means that most of the exports of Lactic acid, its salts & esters are explained by 10 countries.

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Value of Exports in Lactic acid, its salts & esters

Net Trade

TOP NET EXPORTER (2023)Thailand$135M
TOP NET IMPORTER (2023)Italy$36.5M

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

In 2023, the countries that had a largest trade value in exports than in imports of Lactic acid, its salts & esters were Thailand ($135M), China ($98.4M), Netherlands ($66.1M), Belgium ($40.6M), and France ($20.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Lactic acid, its salts & esters were Italy ($36.5M), Japan ($33.8M), United States ($31M), Mexico ($23.4M), and South Korea ($17.9M).

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 Lactic acid, its salts & esters.
It is possible to select the main countries that export or import Lactic acid, its salts & esters in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lactic 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 (2023)

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