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29 (Harmonized System 1992 for 2-digit)

2023
World Trade $502BRnk 9 / 96
2023
Top Exporter | Top Importer $95.6B | $61.7BChina | United States
2023
Product Complexity 0.47Rnk 35 / 96
2022 - 2023
Export Growth (CAGR) -11.2%Rnk 71 / 96
2023
Share of World Trade 2.22%Rnk 9 / 96

About

Overview This page contains the latest trade data of Organic chemicals. In 2023, Organic chemicals were the world's 9th most traded product, with a total trade of $502B. Between 2022 and 2023 the exports of Organic chemicals decreased by -11.2%, from $565B to $502B. Trade in Organic chemicals represent 2.22% of total world trade.

Organic chemicals are a part of Chemical Products. They include Nitrogen Heterocyclic Compounds, Cyclic Hydrocarbons, Acyclic alcohol derivatives (halogenated, sulphonated, nitrated), Nucleic Acids, Acyclic Hydrocarbons, Oxygen Amino Compounds, Polycarboxylic Acids, Antibiotics, Hormones, and Ethers, among others.

Exports In 2023 the top exporters of Organic chemicals  were China ($95.6B), United States ($49.5B), Ireland ($40.2B), Switzerland ($33.8B), and Germany ($29.6B).

Imports In 2023 the top importers of Organic chemicals were United States ($61.7B), China ($45.8B), Germany ($42.6B), Belgium ($27.4B), and India ($27.3B).

Ranking Organic chemicals ranks 35th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Organic chemicals. 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$95.6B
Top Destination (2023)United States$61.7B

In 2023 Organic chemicals were the world's 9th most traded product (out of 96).

In 2023, the top exporters of Organic chemicals were China ($95.6B), United States ($49.5B), Ireland ($40.2B), Switzerland ($33.8B), and Germany ($29.6B).

In 2023, the top importers of Organic chemicals were United States ($61.7B), China ($45.8B), Germany ($42.6B), Belgium ($27.4B), and India ($27.3B).

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Exporters of Organic chemicals (2023)
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Importers of Organic chemicals (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$5.05B
Top Destination Growth (2022 -  2023)Slovenia$5.4B

Between 2022 and 2023, the exports of Organic chemicals grew the fastest in Austria ($5.05B), Switzerland ($3.68B), France ($1.92B), Spain ($1.83B), and Slovenia ($360M).

Between 2022 and 2023, the fastest growing importers of Organic chemicals were Slovenia ($5.4B), Panama ($2.19B), Ireland ($1.63B), Italy ($1.6B), and Belgium ($693M).

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Exporters of Organic chemicals (2022 - 2023)

Importers of Organic chemicals (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Organic chemicals.

In 2023, market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Organic chemicals are explained by 22 countries.

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Value of Exports in Organic chemicals

Net Trade

TOP NET EXPORTER (2023)China$49.8B
TOP NET IMPORTER (2023)Germany$13B

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

In 2023, the countries that had a largest trade value in exports than in imports of Organic chemicals were China ($49.8B), Switzerland ($25B), Ireland ($21.5B), Saudi Arabia ($10.7B), and South Korea ($9.43B).

In 2023, the countries that had a largest trade value in imports than in exports of Organic chemicals were Germany ($13B), Italy ($12.8B), United States ($12.2B), Brazil ($11.6B), and Slovenia ($10.9B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Organic chemicals, disaggragated by their HS6 level were Nitrogen Heterocyclic Compounds ($122B), Cyclic Hydrocarbons ($41.5B), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($32.9B), Hormones ($29B), and Nucleic Acids ($26.8B)

HS6 Disaggregation for Organic chemicals (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 Organic chemicals.
It is possible to select the main countries that export or import Organic chemicals in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Organic chemicals by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited Kingdom+ $276M
TOP IMPORT POTENTIALIndia+ $116M

Organic chemicals’s highest export potential is United Kingdom. With an export gap of $276M.  Organic chemicals’s highest import potential is India with an import gap of $116M.

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)

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