Overview This page contains the latest trade data of Chemical Products. In 2020, Chemical Products were the world's 3rd most traded product, with a total trade of $1.78T. Between 2019 and 2020 the exports of Chemical Products grew by 0.64%, from $1.77T to $1.78T. Trade in Chemical Products represent 10.6% of total world trade.

Chemical Products include Packaged Medicaments, Vaccines, blood, antisera, toxins and cultures, Nitrogen Heterocyclic Compounds, Cyclic Hydrocarbons, Industrial Fatty Acids, Oils and Alcohols, Beauty Products, Acyclic Alcohols, Pesticides, Cleaning Products, and Nitrogenous Fertilizers, among others.

Exports In 2020 the top exporters of Chemical Products  were Germany ($201B), United States ($175B), China ($142B), Ireland ($125B), and Switzerland ($111B).

Imports In 2020 the top importers of Chemical Products were United States ($245B), Germany ($143B), China ($129B), Belgium ($75.7B), and France ($68.8B).

Tariffs In 2018 the average tariff for Chemical Products was 4.99%, making it the 20th lowest tariff using the Section product classification.

The countries with the highest import tariffs for Chemical Products are Bahamas (34.4%), Bermuda (22.1%), Cayman Islands (20%), and Comoros (16.3%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Mauritius (0.2%), and Canada (0.42%).

Ranking Chemical Products ranks 10th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

The following visualization shows the latest trends on Chemical Products. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Germany, $201B

Top Destination (2020): United States, $245B

Chemical Products are the world's 3rd most traded product.

In 2020, the top exporters of Chemical Products were Germany ($201B), United States ($175B), China ($142B), Ireland ($125B), and Switzerland ($111B).

In 2020, the top importers of Chemical Products were United States ($245B), Germany ($143B), China ($129B), Belgium ($75.7B), and France ($68.8B).

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Market Dynamics

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Trade by country

Value

Top Destination Growth (2019 - 2020): United States, $9.85B

Between 2019 and 2020, the fastest growing importers of Chemical Products were United States ($9.85B), Germany ($7.06B), Switzerland ($4.23B), Ireland ($2.97B), and Poland ($2.34B).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Chemical Products.

In 2020,  market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Chemical Products are explained by 30 countries.

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TOP NET EXPORTER (2020): Ireland, $105B

TOP NET IMPORTER (2020): United States, $69.4B

This map shows which countries export or import more of Chemical Products. Each country is colored based on the difference in exports and imports of Chemical Products during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Chemical Products were Ireland ($105B), Germany ($57.8B), Switzerland ($57B), France ($21.7B), and Singapore ($20.5B).

In 2020, the countries that had a largest trade value in imports than in exports of Chemical Products were United States ($69.4B), Brazil ($25.9B), Mexico ($16.3B), Canada ($12.7B), and Vietnam ($12.1B).

Disaggregation

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Value
Disaggregation

In 2020, the world most traded Chemical Products, disaggragated by their HS6 level were Packaged Medicaments ($410B), Vaccines, blood, antisera, toxins and cultures ($219B), Nitrogen Heterocyclic Compounds ($83.2B), Industrial Fatty Acids, Oils and Alcohols ($56.1B), and Beauty Products ($54B)

Country Comparison

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Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Chemical Products.
It is possible to select the main countries that export or import Chemical Products in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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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.