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Diphosphorus pentoxide; phosphoric acid and polyphosphoric acids

2809 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.98BRnk 489 / 1217
2023
Top Exporter | Top Importer $1.41B | $2.44BMorocco | India
2023
Product Complexity -0.49Rnk 721 / 1044
2022 - 2023
Export Growth (CAGR) -32.4%Rnk 1170 / 1217
2023
Share of World Trade 0.026%Rnk 489 / 1217

About

Overview This page contains the latest trade data of Phosphoric Acid. In 2023, Phosphoric Acid were the world's 489th most traded product, with a total trade of $5.98B. Between 2022 and 2023 the exports of Phosphoric Acid decreased by -32.4%, from $8.85B to $5.98B. Trade in Phosphoric Acid represent 0.026% of total world trade.

Phosphoric Acid are a part of Inorganic chemicals. They include Phosphoric acid and polyphosphoric acids and Diphosphorus pentaoxide.

Exports In 2023 the top exporters of Phosphoric Acid  were Morocco ($1.41B), China ($708M), Jordan ($706M), Senegal ($497M), and Israel ($391M).

Imports In 2023 the top importers of Phosphoric Acid were India ($2.44B), United States ($454M), Pakistan ($300M), Netherlands ($289M), and Turkey ($253M).

Ranking Phosphoric Acid ranks 721st in the Product Complexity Index (PCI).

Description Diphosphorus pentaoxide is used as a catalyst in many reactions, including the production of polymers. Phosphoric acid is used in the production of fertilizers and in the processing of aluminum. Polyphosphoric acids are used in the production of fertilizers and in the processing of aluminum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Phosphoric Acid. 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)Morocco$1.41B
Top Destination (2023)India$2.44B

In 2023 Phosphoric Acid were the world's 489th most traded product (out of 1,217).

In 2023, the top exporters of Phosphoric Acid were Morocco ($1.41B), China ($708M), Jordan ($706M), Senegal ($497M), and Israel ($391M).

In 2023, the top importers of Phosphoric Acid were India ($2.44B), United States ($454M), Pakistan ($300M), Netherlands ($289M), and Turkey ($253M).

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Exporters of Phosphoric Acid (2023)
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Importers of Phosphoric Acid (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Netherlands$43.1M
Top Destination Growth (2022 -  2023)Mexico$91M

Between 2022 and 2023, the exports of Phosphoric Acid grew the fastest in Netherlands ($43.1M), Indonesia ($36.1M), Czechia ($13M), Vietnam ($6.46M), and Libya ($5.75M).

Between 2022 and 2023, the fastest growing importers of Phosphoric Acid were Mexico ($91M), Ireland ($9.9M), Trinidad and Tobago ($3.62M), Eswatini ($2.41M), and Greece ($2.13M).

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Exporters of Phosphoric Acid (2022 - 2023)

Importers of Phosphoric Acid (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Phosphoric Acid.

In 2023, market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Phosphoric Acid are explained by 14 countries.

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Value of Exports in Phosphoric Acid

Net Trade

TOP NET EXPORTER (2023)Morocco$1.4B
TOP NET IMPORTER (2023)India$2.43B

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

In 2023, the countries that had a largest trade value in exports than in imports of Phosphoric Acid were Morocco ($1.4B), Jordan ($706M), China ($671M), Senegal ($496M), and Israel ($389M).

In 2023, the countries that had a largest trade value in imports than in exports of Phosphoric Acid were India ($2.43B), Pakistan ($300M), Turkey ($245M), Spain ($226M), and France ($174M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Phosphoric Acid, disaggragated by their HS6 level were Phosphoric acid and polyphosphoric acids ($5.93B) and Diphosphorus pentaoxide ($50.1M)

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

Top 10 Exporters Countries of Phosphoric Acid by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $6.64k
TOP IMPORT POTENTIALMorocco+ $97.2k

Phosphoric Acid’s highest export potential is United States. With an export gap of $6.64k.  Phosphoric Acid’s highest import potential is Morocco with an import gap of $97.2k.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Phosphoric Acid.

Country by Relatedness

The following visualization shows the relatedness of Phosphoric Acid to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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