UN Comtrade: Global Trade Value of Chemicals & Related Products (Region-Country)

 

UN Comtrade: Global Trade Value of Chemicals & Related Products (Region-Country)

UN Comtrade: Global Trade Value of Chemicals & Related Products

The UN Comtrade database classifies "Chemicals and related products" under SITC Section 5. This sector is a critical pillar of international commerce, consistently ranking as one of the most valuable traded categories globally. As of late 2024 and heading into 2025, the sector has shown remarkable growth, particularly driven by the pharmaceutical and medical industries.


Global Trade Performance (2024-2025)

The global chemical sector currently commands a trade value of approximately $2.4 trillion USD. Despite fluctuations in energy costs and raw material prices, the sector remains resilient due to its role in healthcare, agriculture, and high-tech manufacturing.

In 2024, the European Union emerged as a dominant force, reporting a record trade surplus in chemicals of over €238 billion, with medicinal products alone accounting for a significant portion of extra-EU exports.

Global Trade Value by SITC Division

The following table highlights the distribution of trade value across the chemical sector based on UN Comtrade SITC Rev. 4 classifications.

SITC CodeDivision DescriptionEst. Global Trade Value (USD)2024-25 Market Trend
54Medicinal & Pharmaceutical Products$890 BillionGrowing: Driven by high-value biologics and vaccines.
51Organic Chemicals$465 BillionStable: Core feedstock for industrial processes.
57Plastics in Primary Forms$395 BillionVolatile: Heavily linked to oil/gas price shifts.
59Chemical Materials & Products, n.e.s.$225 BillionSteady: Includes diagnostic reagents and additives.
55Essential Oils; Perfume & Cleaning Prep.$175 BillionGrowing: Luxury and personal care demand.
52Inorganic Chemicals$140 BillionStable: Growth in rare-earth compounds.
56Fertilizers$95 BillionCyclical: Highly dependent on global food security.
58Plastics in Non-Primary Forms$90 BillionSteady: Semi-finished industrial components.

Leading Trade Partners

According to recent UN Comtrade and Eurostat data, the flow of chemical products is concentrated among a few key global players:

  • The United States: Remains the largest single partner for both imports and exports of high-end chemicals, particularly for the EU and Asian markets. In 2024, U.S. total chemical exports exceeded $320 billion.

  • China: The primary global supplier of bulk organic chemicals and primary-form plastics (SITC 57), acting as the "factory floor" for chemical feedstocks.

  • Germany & Ireland: Ireland remains a unique outlier in UN Comtrade data, often reporting the world's highest per-capita chemical exports due to its massive concentration of pharmaceutical manufacturing.

Strategic Insights

  1. Pharmaceutical Dominance: SITC 54 (Medicinal & Pharmaceutical) is no longer just a sub-sector; it now represents nearly 40% of all chemical trade value in developed economies.

  2. Trade Barriers: In 2025, trade dynamics between the US and EU have seen significant shifts, with specific tariff exemptions being negotiated for chemical products to prevent supply chain disruptions.

  3. The Rise of Reagents: SITC 59 (Chemical materials n.e.s.) is seeing rapid growth due to the expansion of laboratory testing and specialized industrial manufacturing.



UN Comtrade: Chemicals & Related Products (SITC 5) Export by Region (2024-2025)

Exporting RegionEst. Export Value (USD)Global Share (%)Primary Commodity Drivers
Europe$1.18 Trillion49.2%Medicinal & Pharmaceutical Products (SITC 54)
Asia$745 Billion31.0%Organic Chemicals (SITC 51), Plastics (SITC 57)
North America$335 Billion13.9%Specialized Chemical Materials (SITC 59)
Middle East$108 Billion4.5%Fertilizers (SITC 56), Primary Polymers
Latin America$21 Billion0.9%Inorganic Chemicals (SITC 52)
Africa$12 Billion0.5%Phosphates & Industrial Fertilizers

UN Comtrade: Top 10 Exporters of Chemicals & Related Products by Country (2024–2025)

RankCountryEst. Export Value (USD)Leading Product Group (SITC Code)
1Germany$283 BillionMedicinal & Pharmaceutical (54)
2United States$280 BillionOrganic Chemicals (51) & Medicinals (54)
3China$278 BillionPlastics in Primary Forms (57)
4Ireland$120 BillionMedicinal & Pharmaceutical (54)
5Switzerland$115 BillionHigh-value Vitamins & Pharmaceuticals (54)
6Belgium$105 BillionVaccines & Plastic Polymers (57)
7Netherlands$98 BillionPetrochemical Derivatives & Organic Chemicals (51)
8France$85 BillionPerfumes, Cosmetics (55) & Medicinals (54)
9Japan$78 BillionElectronic-grade Chemicals & Resins (59)
10South Korea$72 BillionSynthetic Resins & Primary Plastics (57)

Key Market Observations

  • The Big Three: Germany, the US, and China operate in a league of their own, each contributing roughly 11–12% of total global chemical exports.

  • Pharma Hubs: Ireland and Switzerland rank exceptionally high relative to their size due to their specialization in SITC 54 (Medicinal products), which carries a much higher value-per-ton than industrial chemicals.

  • The Asian Engine: China and South Korea lead the world in the export of SITC 57 (Plastics and Polymers), supplying the raw materials for global consumer goods manufacturing.


Refine: UN Comtrade High-Value Chemical Product Imports by Country (2024–2025)

The following table focuses exclusively on the top high-value commodity group imported by each country within the chemicals sector (SITC Section 5). These figures represent the specific sub-groups (3-digit SITC level) that command the highest market value and strategic priority for these nations.

RankImporting CountryHigh-Value Commodity NameSITC CodeEst. Import Value (USD)
1United StatesMedicaments (incl. Veterinary)542$215 Billion
2ChinaOrganic Chemicals (Primary)512$78 Billion
3GermanyMedicaments (incl. Veterinary)542$64 Billion
4BelgiumVaccines & Blood Products541$52 Billion
5NetherlandsHydrocarbons & Derivatives511$48 Billion
6SwitzerlandMedicaments (incl. Veterinary)542$45 Billion
7United KingdomMedicaments (incl. Veterinary)542$42 Billion
8JapanDiagnostic or Lab Reagents598$39 Billion
9ItalyPolymerization Products575$28 Billion
10BrazilManufactured Fertilizers562$26 Billion

Key Takeaways for 2025

  • Pharmaceutical Dominance: For the majority of developed economies, SITC 542 (Medicaments) is the single most expensive chemical import. The United States alone spends more on imported medicine than the next four countries combined.

  • The Biotech Hub (Belgium): Belgium is unique in that its highest-value import is SITC 541 (Vaccines/Blood Products), reflecting its role as a global logistics nexus for the life sciences industry.

  • Industrial Intermediates: China and the Netherlands focus their high-value spending on Organic Chemicals (511/512), which serve as the essential high-purity feedstocks for their massive manufacturing and semiconductor sectors.

  • Specialized Reagents (Japan): Japan’s high-value focus on SITC 598 highlights its demand for specialized laboratory and electronic-grade chemicals required for its advanced tech industry.

  •  manufacturing depth, which together drive a massive regional trade surplus.

  • Asia (led by China and South Korea) continues to serve as the world’s primary provider of Plastics and Polymers (SITC 57). While Europe leads in value, Asia leads in volume, though it faces headwinds from 2025 overcapacity and tightening international trade policies.

  • North America has seen a resurgence in export value, particularly in specialized chemicals and diagnostic reagents, benefiting from high-tech industrial demand and a race by importers to secure supply chains ahead of shifting tariff landscapes.

3. Future Outlook (2025 and Beyond)

As we move through 2025, the chemical sector faces a "mixed" horizon. While UNCTAD projections suggest global trade will exceed $35 trillion for the first time, the chemical industry specifically is navigating a transition from price-driven growth to volume-driven stability. Key challenges include:

  • Sustainability Requirements: Increasing demand for "Green Chemicals" and biodegradable plastics is beginning to reshape export categories.

  • Policy Uncertainty: New baseline tariffs and trade fragmentation are prompting major exporters to shift toward near-shoring and friend-shoring to protect their chemical supply chains.

In summary, the chemical sector in 2025 is no longer just about industrial feedstocks; it is a high-stakes arena of medical innovation and strategic material control, where the ability to export high-value specialized products determines a nation's competitive edge.



UN Comtrade: Chemicals & Related Products (SITC 5) Import by Region

UN Comtrade: Chemicals & Related Products (SITC 5) Import by Region (2024–2025)

The table below summarizes the global demand for chemicals based on UN Comtrade regional import data. While Europe is the top exporter, it also ranks as a primary importer due to high intra-regional trade and the movement of pharmaceutical active ingredients (APIs).

Importing RegionEst. Import Value (USD)Global Share (%)Primary Commodity Demand (SITC)
Europe$1.12 Trillion46.7%Medicinal & Pharmaceutical Products (54)
Asia & Pacific$738 Billion30.8%Organic Chemicals (51) & Primary Plastics (57)
North America$385 Billion16.0%Medicinal & Pharmaceutical Products (54)
Latin America$82 Billion3.4%Fertilizers (56) & Organic Chemicals (51)
Middle East$48 Billion2.0%Essential Oils & Perfumes (55)
Africa$26 Billion1.1%Medicinal & Pharmaceutical Products (54)

Key Import Insights

  • The Transatlantic pharma-trade: North America and Europe account for the vast majority of global imports in SITC 54 (Medicinal & Pharma), driven by high demand for patented drugs and specialty vaccines.

  • Asian Industrial Demand: Asia is the world’s largest importer of Organic Chemicals (51) and Plastics in Primary Forms (57), which are used as raw materials in its massive manufacturing and electronics sectors.

  • Fertilizer Dependence: Latin America (specifically Brazil) and Africa show a higher relative import share for Fertilizers (56) to support their large-scale agricultural sectors.


UN Comtrade: Global Chemicals & Related Products Import by Country (2024–2025)

RankCountryEst. Import Value (USD)Primary Commodity Name (SITC Code)2024-25 Market Trend
1United States$380 BillionMedicinal & Pharmaceutical Products (54)Expanding (+5%)
2China$231 BillionOrganic Chemicals (51)High Demand
3Germany$164 BillionMedicinal & Pharmaceutical Products (54)Stable
4Netherlands$108 BillionOrganic Chemicals (51)Strategic Hub
5Belgium$102 BillionMedicinal & Pharmaceutical Products (54)Biotech Focus
6Switzerland$88 BillionMedicinal & Pharmaceutical Products (54)Consistent
7United Kingdom$82 BillionMedicinal & Pharmaceutical Products (54)Steady
8Japan$79 BillionChemical Materials & Products, n.e.s. (59)Stable
9Italy$74 BillionOrganic Chemicals (51)Industrial Growth
10Brazil$68 BillionFertilizers (56)High Volatility

Refine: UN Comtrade Chemicals & Related Products Import by Country (2024–2025)

The table below focuses on the top importers of SITC Section 5 products. Global demand is largely driven by the high-cost healthcare markets in the U.S. and Europe, alongside the industrial manufacturing needs of China.

RankCountryEst. Import Value (USD)Primary Commodity Name (SITC Code)2024-25 Market Trend
1United States$380 BillionMedicinal & Pharmaceutical Products (54)Expanding (+5%)
2China$231 BillionOrganic Chemicals (51)High Demand
3Germany$164 BillionMedicinal & Pharmaceutical Products (54)Stable
4Netherlands$108 BillionOrganic Chemicals (51)Strategic Hub
5Belgium$102 BillionMedicinal & Pharmaceutical Products (54)Biotech Focus
6Switzerland$88 BillionMedicinal & Pharmaceutical Products (54)Consistent
7United Kingdom$82 BillionMedicinal & Pharmaceutical Products (54)Steady
8Japan$79 BillionChemical Materials & Products, n.e.s. (59)Stable
9Italy$74 BillionOrganic Chemicals (51)Industrial Growth
10Brazil$68 BillionFertilizers (56)High Volatility

Key Import Highlights

  • The U.S. Trade Deficit: The United States is the world's largest importer of chemicals, primarily due to its massive consumption of high-value pharmaceuticals (SITC 54). It currently carries the sector's largest trade deficit (approx. -$97 Billion).

  • China's Industrial Appetite: Unlike the West, China's top chemical imports are Organic Chemicals (51) and specialized intermediates needed to fuel its massive electronics and consumer goods manufacturing base.

  • The European Gateway: The Netherlands and Belgium act as the "Entry Ports" for Europe. A large portion of their imports are immediately re-exported to other EU nations, which is why their import and export values are both exceptionally high.

  • Agricultural Specialization: Brazil is a unique top-10 importer because its demand is heavily skewed toward Fertilizers (56) to sustain its global leadership in soy and corn production.

 

Conclusion: The Strategic Landscape of Global Chemical Imports (2024–2025)

The chemical import market in 2025 is no longer just a measure of industrial consumption; it has become a critical barometer for national security, public health, and high-tech sovereignty. Based on UN Comtrade data and recent global trade updates, several defining pillars shape the current landscape.

1. The "Pharma-First" Shift

Global demand is increasingly top-heavy. High-value Medicinal and Pharmaceutical products (SITC 54) are the primary drivers of import value in advanced economies. For the United States, the European Union, and the UK, these products represent over 60% of their total chemical import spending. This "health premium" ensures that even when global industrial production slows, chemical trade values remain high due to the non-discretionary nature of life-saving medicines.

2. Supply Chain "Front-Loading" & Policy Resilience

A standout trend in 2025 has been strategic stockpiling. In anticipation of shifting trade barriers and new baseline tariffs, major importers in North America and Europe engaged in massive "front-loading" of imports during the first half of the year. This proactive procurement of Active Pharmaceutical Ingredients (APIs) and specialized polymers aims to shield domestic manufacturing from potential supply chain shocks and cost spikes.

3. Divergent Regional Roles

The global import map is split into two distinct models:

  • The Consumer/Healthcare Hubs (West): The US and EU are high-value importers, focused on finished products (SITC 54) and specialized laboratory reagents.

  • The Industrial/Manufacturing Hubs (Asia): China and India remain the world’s primary importers of Organic Chemicals (SITC 51). However, their demand is rapidly evolving from basic feedstocks to the ultra-high-purity chemicals required for next-generation semiconductors and EV battery production.

4. Outlook: Resilience Over Cost

As we move toward 2026, the focus for chemical importers is shifting from finding the lowest cost to ensuring the highest resilience. "Friend-shoring" and the development of regional trade blocs are redefining the flow of chemical goods. The countries that lead the next phase will be those that can secure stable, sustainable supplies of high-performance materials for the green energy and digital revolutions.



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