Chemical Importer Statistics of 2023

Chemical imports play an important function in the worldwide financial system, with international locations importing a huge variety of chemicals for diverse industries like production, agriculture, prescription drugs, and more. In 2023, several nations emerged as the most important chemical importers within the chemical import market. HS code for Chemicals is chapter 29, Global Chemical imports had a complete value of $2.40 trillion in 2023 which is around 10.1% of the global trade market, with imports multiplied by around 8.45% from the preceding year. The chemical enterprise grew globally in 2023 (2023: 1.7%, 2022:  2.1%), whilst nearby versions have been sizable. According to legit statistics, the chemical industry in China improved dramatically, however globally, it shrank by way of 3.9%. In the EU, manufacturing losses have been especially horrific. Chemical Production noticed a similarly lower of 7.6% in 2023 after declining by 5.2% in 2022. Let's take a look at the chemical importers’ statistics of 2023 with this article.

Top 10 Biggest Chemical Importer Countries in 2023 

the USA emerged as the largest chemical importer with chemical imports worth $324 billion in 2023. The top 10 chemical importers in 2023 include:

1. United States: $324 billion (13.6%)

The US is the biggest importer of Chemicals with imports worth about $324 billion in 2023. The USA imported the most chemicals from Ireland in 2023 worth about $20.86 billion The USA imports the most chemicals in 2023 was Heterocyclic compounds with nitrogen hetero-atoms worth $14.25 billion. 

2. Germany: $172 billion (7.2%)

Germany is the second biggest importer of chemicals with imports worth about $172 billion in 2023. Germany imports the most chemicals from Ireland in 2023 worth about $7.92 billion. Germany's most imported chemical in 2023 was Heterocyclic compounds with nitrogen hetero-atoms worth $18.05 billion. 

3. China: $161 billion (6.73%)

China ranked as the third biggest chemical importer with imports worth about $161 billion in 2023. China imports the most chemicals from South Korea in 2023 worth about $9.61 billion. China's most imported chemicals in 2023 were Cyclic hydrocarbons worth $14.18 billion. 

4. Belgium: $104 billion (4.37%)

The fourth biggest chemical importer is Belgium, with imports worth about $104 billion in 2023. Belgium imports the most chemicals from Ireland in 2023 worth about $5.42 billion. Belgium's most imported chemical in 2023 was Heterocyclic compounds with nitrogen hetero-atoms worth $12.46 billion. 

5. Netherlands: $92.6 billion (3.87%)

The Netherlands is a major chemical importer, with chemical imports worth about $92.6 billion in 2023. The Netherlands imports the most chemicals from Germany in 2023 worth about $3.05 billion. The Netherlands' most imported chemicals in 2023 were Acyclic alcohols and their halogenated, sulfonated, or nitrated derivatives worth $12.46 billion. 

6. France: $86.5 billion (3.62%)

France is the sixth biggest chemical importer in 2023 with imports worth about $86.5 billion in 2023. France imports the most chemicals from Germany in 2023 worth about $2.54 billion. France's most imported chemical in 2023 was Heterocyclic compounds with nitrogen hetero-atoms worth $2.24 billion. 

7. Japan: $80.1 billion (3.35%)

Japan imported chemicals worth about $80.1 billion in 2023. Japan imports the most chemicals from China in 2023 worth about $4.11 billion. Japan's most imported chemical in 2023 was Heterocyclic compounds with nitrogen hetero-atoms worth $2.31 billion. 

8. Italy: $77.6 billion (3.25%)

Italy’s chemical imports accounted for $77.6 billion in 2023 making it the 8th biggest chemical importer. Italy imports the most chemicals from China in 2023 worth about $5.37 billion. Italy's most imported chemical in 2023 was Heterocyclic compounds with nitrogen hetero-atoms worth $7.38 billion. 

9. India: $73.4 billion (3.07%)

India is the 9th biggest chemical importer with chemical imports worth about $73.4 billion in 2023. India imports the most chemicals from China in 2023 worth about $13.55 billion. India's most imported chemical in 2023 was Acyclic alcohols and their halogenated, sulfonated, or nitrated derivatives worth $2.94 billion. 

10. United Kingdom: $68.4 billion (2.86%)

The United Kingdom imported chemicals worth about $68.4 billion in 2023, The UK imports the most chemicals from Ireland in 2023 worth about $2.20 billion. The United Kingdom's most imported chemical in 2023 was Heterocyclic compounds with nitrogen hetero-atoms worth $6.39 billion. 

What are the top 10 Imported Chemicals products in 2023?

The top 10 chemical products imports in 2023 include:

1. Heterocyclic compounds with nitrogen hetero atoms only: $130.46 billion
2. Cyclic hydrocarbons: $52.31 billion
3. Acyclic alcohols and their halogenated, sulfonated, nitrated derivatives: $47.51 billion
4. Nucleic acids and their salts: $37.81 billion
5. Acyclic hydrocarbons: $31.92 billion
6. Hormones, prostaglandins, thromboxane, and leukotrienes: $26.30 billion
7. Saturated acyclic monocarboxylic acids, anhydrides, halides, and peroxides: $23.93 billion  
8. Poly-carboxylic acids, their anhydrides, halides, and peroxides: $20.95 billion
9. Oxygen-function amino-compounds: $20.04 billion
10. Ethers, ether-alcohols, ether-phenols, and alcohol peroxides: $19.04 billion

Global biggest Chemical Importer Continents in 2023

Europe topped the global list with an overall value of $775.2 billion in chemical imports in 2023, indicating a strong demand for chemical products. Significant demand became additionally obtrusive inside the Asia-Pacific and North American areas, with import values of $603.6 billion and $247 billion, respectively. Chemical imports on continents projected in 2023 were: Europe ($775.22 billion), Asia ($603.6 billion), North America ($247 billion), Africa and the Middle East ($85.7 billion), and South America ($64.4 billion).

How can I find potential chemical buyers?

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Building long-term relationships with buyers is important for fulfillment inside the chemical industry. TradeImeX is a platform for companies to connect with buyers from the chemical arena, allowing you to increase your client base and increase your chemical sales. 

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Once you have established a relationship with a buyer, the very last step is to shut the deal. TradeImeX gives stable fee alternatives and offerings to ensure that transactions are finished appropriately and correctly.

Conclusion

To conclude, the top 10 chemical importers statistics of 2023 highlight the significance of chemical imports in numerous industries around the world. These countries play a vital role in the global chemical import marketplace, fueling financial growth and business improvement. From production powerhouses like China and the United States to generation-driven nations like Japan and South Korea, those international locations depend on chemical imports to fuel their industries and pressure financial boom. As the demand for chemical compounds continues to upward push, these top chemical importers will continue to be key players within the global marketplace. 

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