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281000 (Harmonized System 1992 for 6-digit)

2023
World Trade $703MRnk 2494 / 4644
2023
Top Exporter | Top Importer $221M | $242MUnited States | China
2023
Product Complexity -0.94Rnk 3750 / 4656
2022 - 2023
Export Growth (CAGR) -11.3%Rnk 2863 / 4644
2023
Share of World Trade 0.0031%Rnk 2494 / 4644

About

Overview This page contains the latest trade data of Oxides of boron, boric acids. In 2023, Oxides of boron, boric acids were the world's 2494th most traded product, with a total trade of $703M. Between 2022 and 2023 the exports of Oxides of boron, boric acids decreased by -11.3%, from $793M to $703M. Trade in Oxides of boron, boric acids represent 0.0031% of total world trade.

Oxides of boron, boric acids are a part of Boron.

Exports In 2023 the top exporters of Oxides of boron, boric acids  were United States ($221M), Turkey ($192M), Chile ($83.1M), Russia ($59M), and Peru ($31.4M).

Imports In 2023 the top importers of Oxides of boron, boric acids were China ($242M), Brazil ($52.1M), South Korea ($35.6M), United States ($34.4M), and Chinese Taipei ($31M).

Ranking Oxides of boron, boric acids ranks 3750th in the Product Complexity Index (PCI).

Description Boron oxides are used in the production of steel and as a flame retardant in insulation and textiles. Borax is used in the production of detergents, cleaning products, and as an insecticide to control ants and other pests.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Oxides of boron, boric 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)United States$221M
Top Destination (2023)China$242M

In 2023 Oxides of boron, boric acids were the world's 2494th most traded product (out of 4,644).

In 2023, the top exporters of Oxides of boron, boric acids were United States ($221M), Turkey ($192M), Chile ($83.1M), Russia ($59M), and Peru ($31.4M).

In 2023, the top importers of Oxides of boron, boric acids were China ($242M), Brazil ($52.1M), South Korea ($35.6M), United States ($34.4M), and Chinese Taipei ($31M).

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Exporters of Oxides of boron, boric acids (2023)
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Importers of Oxides of boron, boric acids (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$33.6M
Top Destination Growth (2022 -  2023)Netherlands$16.8M

Between 2022 and 2023, the exports of Oxides of boron, boric acids grew the fastest in United States ($33.6M), Bolivia ($4.61M), Russia ($3.99M), Netherlands ($3.82M), and Chile ($2.05M).

Between 2022 and 2023, the fastest growing importers of Oxides of boron, boric acids were Netherlands ($16.8M), Peru ($2.71M), Pakistan ($2.65M), Ukraine ($2.03M), and United Kingdom ($1.53M).

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Exporters of Oxides of boron, boric acids (2022 - 2023)

Importers of Oxides of boron, boric acids (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Oxides of boron, boric acids.

In 2023, market concentration measured using Shannon Entropy, was 3.04. This means that most of the exports of Oxides of boron, boric acids are explained by 8 countries.

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Value of Exports in Oxides of boron, boric acids

Net Trade

TOP NET EXPORTER (2023)Turkey$192M
TOP NET IMPORTER (2023)China$235M

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

In 2023, the countries that had a largest trade value in exports than in imports of Oxides of boron, boric acids were Turkey ($192M), United States ($186M), Chile ($82.7M), Russia ($58.5M), and Peru ($28.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Oxides of boron, boric acids were China ($235M), Brazil ($51.8M), South Korea ($33.6M), Chinese Taipei ($24.9M), and Japan ($24.4M).

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 Oxides of boron, boric acids.
It is possible to select the main countries that export or import Oxides of boron, boric acids in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Oxides of boron, boric 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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