Formic acid | Imports and Exports | 2023

In 2023, the world exports of "Formic acid" exceeded $263 million (according to external trade statistics of 56 countries). It was $253 million in the previous year (according to merchandise trade statistics of 60 countries).

There are no trade data (2023) for such exporters as Vietnam (0.365% of the world exports in 2022), Colombia (0.044%), Korea (0.031%), Burkina Faso (0.007%), Serbia (0.006%), Estonia (0.003%), Uruguay (0.001%), State of Palestine (0.001%), Oman (0.001%)

Top exporters of Formic acid in 2023

The world's largest exporters of this commodity group in 2023:

• China - 63% of the world exports ($168 million)
• Netherlands - 18.2% ($48 million)
• USA - 7.33% ($19.3 million)
• Belgium - 3.83% ($10.1 million)
• Spain - 1.02% ($2.69 million)

«Formic acid» accounted for a substantial share of total exports of

• Netherlands - 0.006% of Netherlands's total exports in 2023 ($48 million of $741 billion)
• China - 0.004% ($168 million of $3.37 trillion)

According to statistics provided by the major exporters, the largest flows of exports of «Formic acid» in 2023:

• Exports from China to Brazil: (3.54% of the world exports, $9.33 million according to external trade statistics of China)
• Exports from China to India: (4.4% of the world exports, $11.6 million according to external trade statistics of China)
• Exports from China to Netherlands: (5.42% of the world exports, $14.3 million according to external trade statistics of China)
• Exports from China to Norway: (3.22% of the world exports, $8.5 million according to external trade statistics of China)
• Exports from China to Russia: (3.16% of the world exports, $8.35 million according to external trade statistics of China)
• Exports from China to Spain: (3.12% of the world exports, $8.23 million according to external trade statistics of China)
• Exports from China to Turkey: (5.05% of the world exports, $13.3 million according to external trade statistics of China)
• Exports from China to Vietnam: (3.79% of the world exports, $10 million according to external trade statistics of China)
• Exports from Netherlands to Belgium: (2.92% of the world exports, $7.7 million according to external trade statistics of Netherlands)
• Exports from Netherlands to Germany: (7.74% of the world exports, $20 million according to external trade statistics of Netherlands)

In 2023, the world imports of "Formic acid" exceeded $336 million (according to external trade statistics of 114 countries). It was $461 million in the previous year (according to merchandise trade statistics of 120 countries).

There are no trade data (2023) for such importers as Vietnam (3.61% of the world imports in 2022), Korea (1.76%), Cambodia (0.123%), Angola (0.029%), Mongolia (0.026%), Nepal (0.02%), State of Palestine (0.004%), Rwanda (0.001%)

Top importers of Formic acid in 2023

The world's largest importers of this commodity group in 2023:

• Netherlands - 15.3% of the world imports ($51 million)
• Germany - 8.73% ($29 million)
• Italy - 7.06% ($23 million)
• Turkey - 6.17% ($20 million)
• Spain - 6.06% ($20 million)
• Belgium - 6% ($20 million)

«Formic acid» accounted for a substantial share of total imports of

• Iceland - 0.019% of Iceland's total imports in 2023 ($1.8 million of $9.47 billion)
• Pakistan - 0.01% ($5.15 million of $50 billion)
• Argentina - 0.009% ($6.84 million of $73 billion)
• Djibouti - 0.008% ($474 thousand of $5.29 billion)
• Netherlands - 0.007% ($51 million of $664 billion)
• Denmark - 0.007% ($9.1 million of $126 billion)
• Brazil - 0.006% ($17.6 million of $252 billion)
• Turkey - 0.005% ($20 million of $361 billion)

According to statistics provided by the major importers, the largest flows of imports of «Formic acid» in 2023:

• Imports to Brazil from China (3.24% of the world imports, $10.9 million according to external trade statistics of Brazil)
• Imports to Germany from Netherlands (3% of the world imports, $10.1 million according to external trade statistics of Germany)
• Imports to India from China (3.75% of the world imports, $12.6 million according to external trade statistics of India)
• Imports to Italy from China (2.91% of the world imports, $9.79 million according to external trade statistics of Italy)
• Imports to Japan from China (2.2% of the world imports, $7.41 million according to external trade statistics of Japan)
• Imports to Netherlands from China (4.34% of the world imports, $14.6 million according to external trade statistics of Netherlands)
• Imports to Netherlands from Finland (4.55% of the world imports, $15.3 million according to external trade statistics of Netherlands)
• Imports to Netherlands from Germany (3.3% of the world imports, $11.1 million according to external trade statistics of Netherlands)
• Imports to Spain from China (2.76% of the world imports, $9.3 million according to external trade statistics of Spain)
• Imports to Turkey from China (4.65% of the world imports, $15.6 million according to external trade statistics of Turkey)