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280700 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.2BRnk 1339 / 4644
2023
Top Exporter | Top Importer $279M | $501MCanada | Chile
2023
Product Complexity 0.0027Rnk 2547 / 4656
2022 - 2023
Export Growth (CAGR) -43.1%Rnk 4478 / 4644
2023
Share of World Trade 0.0097%Rnk 1339 / 4644

About

Overview This page contains the latest trade data of Sulphuric acid, oleum. In 2023, Sulphuric acid, oleum were the world's 1339th most traded product, with a total trade of $2.2B. Between 2022 and 2023 the exports of Sulphuric acid, oleum decreased by -43.1%, from $3.87B to $2.2B. Trade in Sulphuric acid, oleum represent 0.0097% of total world trade.

Sulphuric acid, oleum are a part of Sulfuric Acid.

Exports In 2023 the top exporters of Sulphuric acid, oleum  were Canada ($279M), South Korea ($202M), China ($186M), Peru ($175M), and Japan ($168M).

Imports In 2023 the top importers of Sulphuric acid, oleum were Chile ($501M), United States ($446M), India ($140M), Democratic Republic of the Congo ($86.6M), and Morocco ($74.3M).

Ranking Sulphuric acid, oleum ranks 2547th in the Product Complexity Index (PCI).

Description Sulphuric acid is a very strong mineral acid. It is often used to clean metal surfaces and to produce fertilizers. It is also used in the refining of petroleum and in the production of detergents. Oleum is pure sulfuric acid. It is often used in the refining of petroleum and in the production of detergents.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Sulphuric acid, oleum. 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)Canada$279M
Top Destination (2023)Chile$501M

In 2023 Sulphuric acid, oleum were the world's 1339th most traded product (out of 4,644).

In 2023, the top exporters of Sulphuric acid, oleum were Canada ($279M), South Korea ($202M), China ($186M), Peru ($175M), and Japan ($168M).

In 2023, the top importers of Sulphuric acid, oleum were Chile ($501M), United States ($446M), India ($140M), Democratic Republic of the Congo ($86.6M), and Morocco ($74.3M).

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Exporters of Sulphuric acid, oleum (2023)
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Importers of Sulphuric acid, oleum (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Canada$69M
Top Destination Growth (2022 -  2023)Kazakhstan$22.7M

Between 2022 and 2023, the exports of Sulphuric acid, oleum grew the fastest in Canada ($69M), Russia ($15.3M), Netherlands ($13.5M), Sweden ($9.97M), and Chile ($7.11M).

Between 2022 and 2023, the fastest growing importers of Sulphuric acid, oleum were Kazakhstan ($22.7M), Finland ($19.2M), Peru ($11.8M), Belgium ($9.42M), and Indonesia ($5.23M).

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Exporters of Sulphuric acid, oleum (2022 - 2023)

Importers of Sulphuric acid, oleum (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sulphuric acid, oleum.

In 2023, market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Sulphuric acid, oleum are explained by 22 countries.

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Value of Exports in Sulphuric acid, oleum

Net Trade

TOP NET EXPORTER (2023)Canada$256M
TOP NET IMPORTER (2023)Chile$493M

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

In 2023, the countries that had a largest trade value in exports than in imports of Sulphuric acid, oleum were Canada ($256M), South Korea ($201M), China ($168M), Japan ($167M), and Peru ($143M).

In 2023, the countries that had a largest trade value in imports than in exports of Sulphuric acid, oleum were Chile ($493M), United States ($412M), India ($133M), Morocco ($74.2M), and Brazil ($54.6M).

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 Sulphuric acid, oleum.
It is possible to select the main countries that export or import Sulphuric acid, oleum in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sulphuric acid, oleum 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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