In 2023, South Korea led global exports of compounds with other nitrogen functions, accounting for the largest share, followed by Germany and China. Notable year-on-year growth was observed in South Korea (+3.39%), China (+4.11%), and Hungary (+3.81%), while significant declines were recorded for Japan (-5.14%) and Italy (-21.42%). Kazakhstan showed a remarkable increase of 102.72%, although from a smaller base. Portugal, Jordan, and Latvia also displayed strong upward trends.
For future trends, the market is likely to experience increased competition among top exporters, with Asia and Europe maintaining their dominance. The impact of technological advancements and environmental regulations on trade patterns should be closely monitored, along with geopolitical shifts that may influence global supply chains.
Top countries in Export of Compounds With Other Nitrogen Function Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 18.66 | 2023 | +3.78% | +3.39% | View data |
| 2 | 2 Germany | 16.71 | 2023 | +2.22% | +1.74% | View data |
| 3 | 3 China | 15.35 | 2023 | +4.3% | +4.11% | View data |
| 4 | 4 Hungary | 13.24 | 2023 | +4.25% | +3.81% | View data |
| 5 | 5 United States | 8.65 | 2023 | +1.41% | +0.65% | View data |
| 6 | 6 Belgium | 7.64 | 2023 | +1.98% | +0.9% | View data |
| 7 | 7 Japan | 5.9 | 2023 | -1.72% | -5.14% | View data |
| 8 | 8 Netherlands | 3.16 | 2023 | +2.23% | +1.17% | View data |
| 9 | 9 India | 1.75 | 2023 | +5.15% | +4.72% | View data |
| 10 | 10 Spain | 0.81 | 2023 | +2.49% | +2.23% | View data |
