29 December 2017
The global inorganic chemical industry imports worth USD107576 million during 2016 and it is one of the fastest growing sectors of themanufacturing industry. It is being shaped by the following trends that areimpacting business models, processes and product segments of multinationalcompanies. Industrial inorganic chemistry includes subdivisions of the chemicalindustry that manufacture inorganic products on a large scale. Inorganicchemicals including organic or inorganic compounds of precious metals, rareearth metals of radioactive elements come under HS Code 28.
United States is the world’s largest importer country of theinorganic chemical products. While Asia is the biggest market where maximuminorganic chemical products have been imported. Let’s go through the completearticle and know the global import report of inorganic chemical industry.
Top 10 Importing Countriesof Inorganic Chemical Products
As per Inorganic chemical industry import report, around 200countries are importing inorganic chemical products across the world. UnitedStates stood as top importing country of inorganic chemical products in theworld. It recorded imports of USD 11757 million in 2016 which represented 10.9%of the global imports. However, the country has reduced its imports by 11%during 2015-16.
China is second largest importer country of this productwhich recorded USD 9024 million during 2016. The country imports represent 8.4%of the global imports and China’s import value for this product is decreased by9% during 2015-16.
China is followed by Germany, Japan, Korea, India, France,Canada, Taipei and Belgium in the list of top importing countries of thisproduct. Here, we are providing 10 largest importing countries with their valuesrecorded in 2016.
Country | Value (USD Million) | Share Value (%) |
USA | 11757 | 10.9 |
China | 9024 | 8.4 |
Germany | 6502 | 6.0 |
Japan | 5844 | 5.4 |
Korea | 5369 | 5.0 |
4820 | 4.5 | |
France | 4705 | 4.4 |
Canada | 3230 | 3.0 |
Taipei | 3081 | 2.9 |
Belgium | 2765 | 2.6 |
*above stats are based on 2016 report
Asia is BiggestGlobal Region in Inorganic Chemical Imports
Asia is the biggest region in the world where maximum inorganicchemical imports as USD 43714 million value recorded during 2016. In Asiaregion, more than 50 countries are currently importing this product and China,Japan, Korea & India are top Asia’s importers. Europe is the second largestwhere inorganic chemical products imports. Including Germany, France andBelgium are the top importing countries in Europe region. Let’s check theimport figures of top five global regions.
Region | Value (USD Million) |
Asia | 43714 |
Europe | 36435 |
America | 21842 |
Middle East | 6148 |
Africa | 3746 |
*above stats are based on 2016 report
Trade Group WiseAnalysis of Inorganic Chemical Imports
The main purpose of trade group is to reduce traderestrictions and increase free trade among nations. APEC, APTA, BRICS, NAFTAand CIS are some of biggest trade groups importing inorganic chemical productsfrom the world. APEC, APTA and BRICS imports of this product worth USD 53427million, USD 19659 million and USD 19119 million respectively. Go through thefollowing tabular and graphical presentation to check global import figures.
Group | Value (USD Million) |
APEC | 53427 |
APTA | 19659 |
BRICS | 19119 |
NAFTA | 16995 |
CIS | 4153 |
*above stats are based on 2016 report
Subscribe for GlobalImport Data of Inorganic Chemical
Are you looking for import data of any inorganic chemicalproduct? Your search ends here. Access the import data of any country and getthe details like price, quantity, importer & exporter country, tradingcompany details and other shipment details. Check the below sample of India imports of inorganic chemicalsincluding the major data fields that we cover in trade data.
Date | 24/11/2016 |
HSCode | 28046900 |
ProductDescription | Silicon metal grade 553 |
ExporterCountry | China |
ImporterCountry | India |
Portof Discharge | Albratos CFS Pvt. Ltd. ICD |
Quantity | 24 |
Unit | MTS |
TotalValue | USD 40674.72 |
UnitRate | USD 1694.77 |
CompanyDetails | Available offline only |
The company details will be available offline only in excelformat. It will help you to know who is importing and exporting at what scale. Toget the complete information or to get the trade data, contact us and feel free to ask your query.