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280800 (Harmonized System 1992 for 6-digit)

2023
World Trade $477MRnk 2906 / 4644
2023
Top Exporter | Top Importer $131M | $50.8MSouth Korea | Germany
2023
Product Complexity 0.088Rnk 2406 / 4656
2022 - 2023
Export Growth (CAGR) -28.5%Rnk 4176 / 4644
2023
Share of World Trade 0.0021%Rnk 2906 / 4644

About

Overview This page contains the latest trade data of Nitric acid, sulphonitric acids. In 2023, Nitric acid, sulphonitric acids were the world's 2906th most traded product, with a total trade of $477M. Between 2022 and 2023 the exports of Nitric acid, sulphonitric acids decreased by -28.5%, from $668M to $477M. Trade in Nitric acid, sulphonitric acids represent 0.0021% of total world trade.

Nitric acid, sulphonitric acids are a part of Nitric Acids.

Exports In 2023 the top exporters of Nitric acid, sulphonitric acids  were South Korea ($131M), Belgium ($80.9M), Germany ($72.8M), Poland ($16.5M), and China ($15M).

Imports In 2023 the top importers of Nitric acid, sulphonitric acids were Germany ($50.8M), France ($35.9M), Belgium ($35.3M), Japan ($34M), and Malaysia ($28.9M).

Ranking Nitric acid, sulphonitric acids ranks 2406th in the Product Complexity Index (PCI).

Description Nitric acid is used in the production of fertilizers, nitric oxide, and for cleaning purposes. Sulfonitric acids are often used in the production of fertilizers.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nitric acid, sulphonitric acids. 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)South Korea$131M
Top Destination (2023)Germany$50.8M

In 2023 Nitric acid, sulphonitric acids were the world's 2906th most traded product (out of 4,644).

In 2023, the top exporters of Nitric acid, sulphonitric acids were South Korea ($131M), Belgium ($80.9M), Germany ($72.8M), Poland ($16.5M), and China ($15M).

In 2023, the top importers of Nitric acid, sulphonitric acids were Germany ($50.8M), France ($35.9M), Belgium ($35.3M), Japan ($34M), and Malaysia ($28.9M).

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Exporters of Nitric acid, sulphonitric acids (2023)
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Importers of Nitric acid, sulphonitric acids (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$1.41M
Top Destination Growth (2022 -  2023)India$7.23M

Between 2022 and 2023, the exports of Nitric acid, sulphonitric acids grew the fastest in Russia ($1.41M), Chile ($1.24M), Uganda ($1.13M), Egypt ($705k), and Finland ($649k).

Between 2022 and 2023, the fastest growing importers of Nitric acid, sulphonitric acids were India ($7.23M), Sweden ($2.21M), Brazil ($1.78M), China ($1.61M), and Ukraine ($1.34M).

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Exporters of Nitric acid, sulphonitric acids (2022 - 2023)

Importers of Nitric acid, sulphonitric acids (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nitric acid, sulphonitric acids.

In 2023, market concentration measured using Shannon Entropy, was 3.8. This means that most of the exports of Nitric acid, sulphonitric acids are explained by 13 countries.

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Value of Exports in Nitric acid, sulphonitric acids

Net Trade

TOP NET EXPORTER (2023)South Korea$130M
TOP NET IMPORTER (2023)Japan$29.3M

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

In 2023, the countries that had a largest trade value in exports than in imports of Nitric acid, sulphonitric acids were South Korea ($130M), Belgium ($45.6M), Germany ($22M), Poland ($12.2M), and Norway ($10.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Nitric acid, sulphonitric acids were Japan ($29.3M), Malaysia ($25M), France ($24.8M), India ($20.5M), and Thailand ($13.1M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Nitric acid, sulphonitric acids 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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