These highly sought commodities are synthesized in laboratories by the use of organic compounds and are classified based on the present functional groups and the long carbon chains within them some examples include alcohols, ketones, acids, esters, and amines. This all has a diverse range of productive effects which have a positive impact on the growing economy by contributing mainly to the medicinal industry.

The trade of organic chemicals is increasing exponentially globally because of its necessity in the pharmaceutical industry. Accompanying the medicinal industry it is also found to be very effective for the agricultural sector as it is used for making pesticides which promotes the cultivation rate by eliminating the pathogen-resistant crops. The appropriate trade of this commodity is very essential for maintaining the proper balance of both human health and the environment. As per the Global Organic Chemical Customs Shipment Data, the increased demand across the globe has recorded a global consumption rate of 900 million metric tons in 2023 worth 300 billion US dollars with a growth rate of 25% from the past years.

Top Importers of Organic Chemicals 2023

The globally increased demands for organic chemicals in the pharmaceutical and agricultural industries have made countries import a wide amount of them to counter the accurate needs. As per the Global Organic Chemicals Import Data, the top importers of organic chemicals with import trade values of 2023 are discussed below,

• United States – According to the USA Customs Data, the import trade value of organic chemicals in 2023 is 30 billion US dollars.

• China – According to the China Customs Data, the import trade value of organic chemicals in 2023 is 28 billion US dollars.

• Germany – According to the Germany Customs Data, the import trade value of organic chemicals in 2023 is 20 billion US dollars.

• Japan – According to the Japan Customs Data, the import trade value of organic chemicals in 2023 is 14 billion US dollars.

• South Korea – According to the South Korea Customs Data, the import trade value of organic chemicals in 2023 is 12 billion US dollars.

• India – According to the India Customs Data, the import trade value of organic chemicals in 2023 is 11 billion US dollars.

• France – According to the France Customs Data, the import trade value of organic chemicals in 2023 is 10 billion US dollars.

• Italy – According to the Italy Customs Data, the import trade value of organic chemicals in 2023 is 9 billion US dollars.

• Canada – According to the Canada Customs Data, the import trade value of organic chemicals in 2023 is 8 billion US dollars.

• United Kingdom – According to the United Kingdom Customs Data, the import trade value of organic chemicals in 2023 is 7 billion US dollars.

Top Exporters of Organic Chemicals 2023

Similar to the reason behind its import the export trade rate is also growing exponentially especially for the increased pharmaceutical industry needs. As per the Global Organic Chemicals Export Data, the top exporters with trade values of 2023 are discussed below,

• China – As per the China Export Data, the export trade value of organic chemicals in 2023 is 58 billion US dollars.

• United States – As per the USA Export Data, the export trade value of organic chemicals in 2023 is 32 billion US dollars.

• Germany – As per the Germany Export Data, the export trade value of organic chemicals in 2023 is 25 billion US dollars.

• Japan – As per the Japan Export Data, the export trade value of organic chemicals in 2023 is 18 billion US dollars.

• South Korea – As per the South Korea Export Data, the export trade value of organic chemicals in 2023 is 17 billion US dollars.

• Belgium – As per the Belgium Export Data, the export trade value of organic chemicals in 2023 is 16 billion US dollars.

• Netherlands – As per the Netherlands Export Data, the export trade value of organic chemicals in 2023 is 15 billion US dollars.

• India – As per the India Export Data, the export trade value of organic chemicals in 2023 is 12 billion US dollars.

• France – As per the France Export Data, the export trade value of organic chemicals in 2023 is 11 billion US dollars.

• Switzerland – As per the Switzerland Customs Shipment Data, the export trade value of organic chemicals in 2023 is 10 billion US dollars.

Top Leading Producers of Organic Chemicals

The production of organic chemicals in a wide range supports the trade rates across the globe which is very essential for fulfilling its necessities. As per the Global Organic Chemicals Trade Data, the leading producers with trade values of 2023 are discussed below,

• BASF – The total organic chemical production value of BASF 2023 – 40 billion US dollars.

• DOW Chemical Company – The total organic chemical production value of DOW Chemical Company 2023 – 32 billion US dollars.

• LyondellBasell Industries – The total organic chemical production value of LyondellBasell Industries 2023 – 28 billion US dollars.

• Sinopec Group – The total organic chemical production value of Sinopec Group 2023 – 20 billion US dollars.

• Ineos Group Holdings – The total organic chemical production value of Ineos Group Holdings 2023 – 18 billion US dollars.

• Chevron Philips Chemical Company – The total organic chemical production value of Chevron Philips Chemical Company 2023 – 10 billion US dollars.

• Exxon Mobil Chemicals – The total organic chemical production value of Exxon Mobil Chemicals 2023 – 9 billion US dollars.

• SABIC – The total organic chemical production value of SABIC 2023 – 8 billion US dollars.

• Mitsubishi Chemical Holdings Corporation – The total organic chemical production value of Mitsubishi Chemical Holdings Corporation 2023 – 7 billion US dollars.

• Royal Dutch Shell Plc – The total organic chemical production value of Royal Dutch Shell Plc 2023 – 6 billion US dollars.

FAQ’s

Que. What is the global consumption rate of organic chemicals in 2023?
Ans. The global consumption rate of organic chemicals in 2023 is 900 MMT.

Que. Who is the top producer of organic chemicals?
Ans. BASF is the top producer of organic chemicals.

Que. Where can you get the detailed trade analysis of organic chemicals trade in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of organic chemicals trade in 2023.

www.importglobals.com ; info@importglobals.com