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).