Inorganic Chemical Imports in Global Market – USA Rank Top Importer Country

29 December 2017
Inorganic Chemical Imports

The global inorganic chemical industry imports worth USD 107576 million during 2016 and it is one of the fastest growing sectors of the manufacturing industry. It is being shaped by the following trends that are impacting business models, processes and product segments of multinational companies. Industrial inorganic chemistry includes subdivisions of the chemical industry that manufacture inorganic products on a large scale. Inorganic chemicals including organic or inorganic compounds of precious metals, rare earth metals of radioactive elements come under HS Code 28.


United States is the world’s largest importer country of the inorganic chemical products. While Asia is the biggest market where maximum inorganic chemical products have been imported. Let’s go through the complete article and know the global import report of inorganic chemical industry.



Top 10 Importing Countries of Inorganic Chemical Products


As per Inorganic chemical industry import report, around 200 countries are importing inorganic chemical products across the world. United States stood as top importing country of inorganic chemical products in the world. 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 product which 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 by 9% during 2015-16.


China is followed by Germany, Japan, Korea, India, France, Canada, Taipei and Belgium in the list of top importing countries of this product. Here, we are providing 10 largest importing countries with their values recorded 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

India

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 Biggest Global Region in Inorganic Chemical Imports


Asia is the biggest region in the world where maximum inorganic chemical imports as USD 43714 million value recorded during 2016. In Asia region, more than 50 countries are currently importing this product and China, Japan, Korea & India are top Asia’s importers. Europe is the second largest where inorganic chemical products imports. Including Germany, France and Belgium are the top importing countries in Europe region. Let’s check the import 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 Wise Analysis of Inorganic Chemical Imports


The main purpose of trade group is to reduce trade restrictions and increase free trade among nations. APEC, APTA, BRICS, NAFTA and CIS are some of biggest trade groups importing inorganic chemical products from the world. APEC, APTA and BRICS imports of this product worth USD 53427 million, USD 19659 million and USD 19119 million respectively. Go through the following 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 Global Import Data of Inorganic Chemical


Are you looking for import data of any inorganic chemical product? Your search ends here. Access the import data of any country and get the details like price, quantity, importer & exporter country, trading company details and other shipment details. Check the below sample of India imports of inorganic chemicals including the major data fields that we cover in trade data.


Date

24/11/2016

HS Code

28046900

Product Description

Silicon metal grade 553

Exporter Country

China

Importer Country

India

Port of Discharge

Albratos CFS Pvt. Ltd. ICD

Quantity

24

Unit

MTS

Total Value

USD 40674.72

Unit Rate

USD 1694.77

Company Details

Available offline only

 


The company details will be available offline only in excel format. It will help you to know who is importing and exporting at what scale. To get the complete information or to get the trade data, contact us and feel free to ask your query.

Is this article helpful. Share with others!   

Add Comments

 
To Get Quick Response
Request a Demo close modal