The global chemical industry is one of the largest and most dynamic sectors, driving growth across multiple industries such as pharmaceuticals, textiles, construction, agriculture, and consumer goods. According to the latest import export data, the chemicals market witnessed steady expansion in 2023–24, supported by strong demand for organic and inorganic products worldwide. A reliable global import export data provider plays a crucial role in helping businesses analyze Chemicals Import-Export Data, identify global buyers and suppliers, and make informed trade decisions.
Chemicals Export
The global chemicals trade in 2023–24 was valued at over USD 2.6 trillion, reflecting a healthy increase despite supply chain pressures and fluctuating raw material prices.
- Organic & Inorganic Chemicals Import-Export Data revealed that organic chemicals contributed significantly, driven by pharmaceutical intermediates and specialty chemicals.
- Inorganic chemicals, including fertilizers and industrial gases, also maintained a stable growth curve due to rising agricultural demand and industrialization in developing economies.
Top Chemicals Products Exported
Based on import export trade data, the following products dominated global chemical exports in 2023–24:
- Pharmaceutical Chemicals & Intermediates
- Fertilizers (Nitrogen, Phosphates, Potash-based)
- Petrochemicals & Derivatives
- Specialty Chemicals (paints, coatings, additives)
- Agrochemicals & Pesticides
These products not only drive cross-border trade but also represent the backbone of industrial and consumer demand globally.
Top 5 Chemical Exporting Countries
According to the latest Chemicals Import-Export Data, the top 5 chemical exporters in 2023–24 were:
- China – Leading in organic chemicals and fertilizers.
- United States – Major exporter of petrochemicals and specialty chemicals.
- Germany – Strong in pharmaceutical intermediates and specialty chemicals.
- India – Competitive in bulk drugs, dyes, and agrochemicals.
- South Korea – Significant in petrochemicals and fine chemicals.
These nations have robust chemical industries supported by advanced infrastructure, technology, and high export capacity.
Top 5 Buyers & Suppliers in Global Chemicals Trade
Top Buyers:
- United States
- European Union (Germany, France, Netherlands)
- Japan
- Brazil
- South Africa
Top Suppliers:
- BASF (Germany)
- Dow Chemical (USA)
- SABIC (Saudi Arabia)
- Reliance Industries (India)
- Sinopec (China)
A reliable import export trade data provider helps businesses connect with such global buyers and suppliers, unlocking opportunities across different regions.
Top Export & Import Companies in India
India has emerged as a strong player in the global chemical trade, with multiple companies actively exporting and importing chemical products.
- Top Export Companies:
- Reliance Industries Limited
- Tata Chemicals
- UPL Limited
- Aarti Industries
- Gujarat Fluorochemicals
- Top Import Companies:
- Indian Oil Corporation
- Hindustan Petroleum Corporation Limited
- Bharat Petroleum Corporation
- Adani Enterprises
- Deepak Fertilisers & Petrochemicals
These companies rely heavily on Chemicals Import-Export Data to monitor global trends, HS codes, and market opportunities.
Global Trade Issues Affecting Chemicals
Despite the growth, the global chemical trade faced some challenges in 2023–24:
- Rising freight costs and supply chain disruptions due to geopolitical conflicts.
- Stringent environmental regulations impacting chemical production and exports.
- Fluctuations in crude oil prices, directly influencing petrochemical trade.
- Trade policy changes, especially in Europe and the US, affecting import-export tariffs.
To navigate these challenges, businesses must work with a trusted import export data provider to track changing trends and stay competitive.
HSN Code for Chemicals
Every chemical product traded internationally is classified under a unique HSN (Harmonized System Nomenclature) Code. For example:
- Organic chemicals: HS Code 29
- Inorganic chemicals: HS Code 28
- Fertilizers: HS Code 31
- Pharmaceuticals: HS Code 30
By using HSN codes, importers and exporters can easily identify products, comply with customs requirements, and ensure smooth international transactions.
Latest News & Market Trends
Recent developments in the chemical trade highlight both challenges and opportunities:
- The rise of green and sustainable chemicals is transforming global demand.
- India is projected to double its share in global chemical exports by 2030.
- Global buyers are increasingly seeking alternative suppliers outside China due to supply chain diversification.
- Digital solutions such as AI-powered analytics by leading import export trade data providers are revolutionizing trade insights.
Why Import Export Data Matters in Chemicals Trade
For businesses in the chemical industry, having access to accurate and timely Chemicals Import-Export Data is critical. With the help of a global import export data provider, companies can:
- Identify new buyers and suppliers worldwide.
- Track competitor shipments and pricing.
- Analyze trade trends across organic & inorganic chemicals.
- Understand demand and supply gaps in key regions.
- Expand into new international markets with confidence.
Conclusion
The global chemical industry continues to thrive, with exports crossing USD 2.6 trillion in 2023–24. From organic and inorganic products to specialty and agrochemicals, international demand is shaping the way companies approach trade. With rising challenges like supply chain disruptions and environmental regulations, leveraging reliable import export trade data is more important than ever. Businesses that partner with a trusted global import export data provider gain valuable insights into Chemicals Import-Export Data, ensuring they stay competitive in a fast-evolving global market.
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