In 2023, the top exporters of nitric acid saw South Korea leading with exports valued at $54.04 million, followed by Belgium at $45.84 million, and Germany at $35.93 million. The United States, France, and Czech Republic also made significant contributions with values at $20.85 million, $18.4 million, and $10.73 million, respectively. Over the past five years, the compound annual growth rate (CAGR) indicated a steady increase, with notable year-on-year growth especially in South Korea and Belgium. The emergence of new Asian players and continuous innovation in production will likely influence the future landscape of global nitric acid exports.
Top countries in Top Exporters of Nitric Acid
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 South Korea | 54.04 | 2016 | |
| 2 | 2 Belgium | 45.84 | 2016 | |
| 3 | 3 Germany | 35.93 | 2016 | |
| 4 | 4 United States | 20.85 | 2016 | |
| 5 | 5 France | 18.4 | 2016 | |
| 6 | 6 Czech Republic | 10.73 | 2016 | |
| 7 | 7 Portugal | 7.85 | 2016 | |
| 8 | 8 Poland | 7.5 | 2016 | |
| 9 | 9 Canada | 7.36 | 2016 | |
| 10 | 10 China | 6.36 | 2016 |
