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ASEAN | Imports and Exports | World | Formic acid | Value (US$) and Value Growth, YoY (%) | 2013 - 2022

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Commodity	Reporter	Partner	Trade flow	Indicator	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
291511. Formic acid	ASEAN	World	Exports	Value (US$)	4,334.28	10,568.19	18,675.71	36,751.69	1,286,349.85	301,268.62	335,182.61	267,230.26	1,046,031.90	314,738.53
			Exports	Value Growth, YoY (%)		143.82	76.71	96.78	3,400.11	-76.57	11.25	-20.27	291.43	-69.91
			Imports	Value (US$)	28,553,256.51	25,108,327.43	22,589,708.40	22,085,907.99	31,088,010.49		24,523,277.98	16,727,609.41	32,824,818.32	44,613,362.79
			Imports	Value Growth, YoY (%)		-12.06	-10.03	-2.23	40.75			-31.78	96.23	35.91

The value of exports of commodity group 291511 "Formic acid" from ASEAN totalled $ 314 thousand in 2022. Sales of commodity group 291511 from ASEAN decreased by 69% in value terms compared to 2021. exports of commodity group 291511 "Formic acid" decreased by $ 731 thousand (cumulative exports of commodity group 291511 from ASEAN amounted $1.04 million in 2021)

Exports of commodity group 291511 amounted to 0.001% of total sales of group "" from ASEAN in 2022 (the value of exports of commodity group from ASEAN amounted to $25 billion in 2022). The share of exports of commodity group 291511 in sales of commodity group from ASEAN lowered by 0.003 p.p. compared to 2021 (it was 0.004% in 2021, and exports of commodity group from ASEAN were $24 billion).

Exports of commodity group 291511 amounted to 0.01 percent of total sales of group "" from ASEAN in 2022 (the value of exports of commodity group from ASEAN amounted to 2.98 billion USD in 2022). The share of exports of commodity group 291511 in sales of commodity group from ASEAN lowered by 0.026 p.p. compared to 2021 (it was 0.037 percent in 2021, and exports of commodity group from ASEAN amounted to 2.81 billion USD).

Exports | ASEAN | 291511

Export destinations of 291511 Formic acid from ASEAN

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Where does ASEAN export Formic acid?

Top export destinations of "Formic acid" from ASEAN in 2022:

Liberia with a share of 43% (135 thousand US$)
Bangladesh with a share of 40% (128 thousand US$)
Malawi with a share of 10.3% (32 thousand US$)
Other Asia, nes with a share of 1.76% (5.55 thousand US$)
Australia - 3.08 thousand US$
Hong Kong - 2.44 thousand US$
Mauritius - 2.29 thousand US$
India - 2.29 thousand US$
Mexico - 973 US$
New Zealand - 880 US$

The value of imports of commodity group 291511 "Formic acid" to ASEAN totalled $ 44 million in 2022. Sales of commodity group 291511 to ASEAN went up by 35% compared to 2021: imports of commodity group 291511 "Formic acid" went up by $ 11.7 million (the value of imports of commodity group 291511 to ASEAN was equal to $32 million in 2021)

Imports of commodity group 291511 "Formic acid" accounted for 0.003% of total import flow to ASEAN (in 2022, total imports to ASEAN amounted to $ 1.47 trillion). The share of commodity group 291511 in total imports to ASEAN decreased by 0 p.p. compared to 2021 (it was 0.002% in 2021 and cumulative imports to ASEAN were equal to $ 1.28 trillion).

Imports of commodity group 291511 reached 0.148% of total imports of group "" to ASEAN in 2022 (imports of commodity group to ASEAN totalled $29 billion in 2022). The share of purchases of commodity group 291511 in total imports of commodity group to ASEAN increased by 0.025 p.p. compared to 2021 (it was 0.122% in 2021, and imports of commodity group to ASEAN accounted for $26 billion).

Imports of commodity group 291511 reached 2.75 percent of total imports of group "" to ASEAN in 2022 (imports of commodity group to ASEAN totalled 1.61 billion USD in 2022). The share of purchases of commodity group 291511 in total imports of commodity group to ASEAN increased by 0.531 p.p. compared to 2021 (it was 2.22 percent in 2021, and imports of commodity group to ASEAN accounted for 1.47 billion USD).

Imports | ASEAN | 291511

Sources of imports of 291511 Formic acid for ASEAN