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281512 (Harmonized System 1992 for 6-digit)

2022
World Trade $8.8BRnk 465 / 4648
2022
Top Exporter | Top Importer $2.09B | $1.37BUnited States | Australia
2022
Product Complexity 0.5Rnk 1638 / 4653
2021 - 2022
Export Growth (CAGR) 104%Rnk 58 / 4648
2022
Share of World Trade 0.037%Rnk 465 / 4648

About

Overview This page contains the latest trade data of Sodium hydroxide (caustic soda) in aqueous solution. In 2022, Sodium hydroxide (caustic soda) in aqueous solution were the world's 465th most traded product, with a total trade of $8.8B. Between 2021 and 2022 the exports of Sodium hydroxide (caustic soda) in aqueous solution grew by 104%, from $4.31B to $8.8B. Trade in Sodium hydroxide (caustic soda) in aqueous solution represent 0.037% of total world trade.

Sodium hydroxide (caustic soda) in aqueous solution are a part of Sodium or Potassium Peroxides.

Exports In 2022 the top exporters of Sodium hydroxide (caustic soda) in aqueous solution  were United States ($2.09B), China ($1.26B), Germany ($788M), Japan ($640M), and Belgium ($504M).

Imports In 2022 the top importers of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($1.37B), Brazil ($1.11B), United States ($463M), Netherlands ($416M), and Finland ($393M).

Ranking Sodium hydroxide (caustic soda) in aqueous solution ranks 1638th in the Product Complexity Index (PCI).

Description Sodium hydroxide is the most commonly used base in aqueous solutions. It can be used as a strong alkali to neutralize acids, to digest animal proteins, to saponify fats and oils, and to dissolve various organic compounds.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Sodium hydroxide (caustic soda) in aqueous solution. 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 (2022)United States$2.09B
Top Destination (2022)Australia$1.37B

In 2022 Sodium hydroxide (caustic soda) in aqueous solution were the world's 465th most traded product (out of 4,648).

In 2022, the top exporters of Sodium hydroxide (caustic soda) in aqueous solution were United States ($2.09B), China ($1.26B), Germany ($788M), Japan ($640M), and Belgium ($504M).

In 2022, the top importers of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($1.37B), Brazil ($1.11B), United States ($463M), Netherlands ($416M), and Finland ($393M).

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Exporters of Sodium hydroxide (caustic soda) in aqueous solution (2022)
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Importers of Sodium hydroxide (caustic soda) in aqueous solution (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.01B
Top Destination Growth (2021 -  2022)Australia$713M

Between 2021 and 2022, the exports of Sodium hydroxide (caustic soda) in aqueous solution grew the fastest in China ($1.01B), United States ($994M), Germany ($330M), Japan ($300M), and Belgium ($285M).

Between 2021 and 2022, the fastest growing importers of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($713M), Brazil ($589M), Netherlands ($224M), United States ($216M), and France ($205M).

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Exporters of Sodium hydroxide (caustic soda) in aqueous solution (2021 - 2022)

Importers of Sodium hydroxide (caustic soda) in aqueous solution (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sodium hydroxide (caustic soda) in aqueous solution.

In 2022, market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Sodium hydroxide (caustic soda) in aqueous solution are explained by 16 countries.

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Value of Exports in Sodium hydroxide (caustic soda) in aqueous solution

Net Trade

TOP NET EXPORTER (2022)United States$1.63B
TOP NET IMPORTER (2022)Australia$1.37B

This map shows which countries export or import more of Sodium hydroxide (caustic soda) in aqueous solution. Each country is colored based on the difference in exports and imports of Sodium hydroxide (caustic soda) in aqueous solution during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Sodium hydroxide (caustic soda) in aqueous solution were United States ($1.63B), China ($1.25B), Japan ($628M), Germany ($545M), and Chinese Taipei ($393M).

In 2022, the countries that had a largest trade value in imports than in exports of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($1.37B), Brazil ($1.1B), Finland ($384M), Sweden ($312M), and Canada ($265M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Sodium hydroxide (caustic soda) in aqueous solution.
It is possible to select the main countries that export or import Sodium hydroxide (caustic soda) in aqueous solution in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sodium hydroxide (caustic soda) in aqueous solution 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 (2022)

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