In 2023, China, the United Kingdom, and Spain were the leading exporters of nitrates of metals (except potassium and bismuth) by total value in US dollars. China maintained a significant lead, with a modest year-on-year growth of 2.04%. Notably, there was a surge in exports from Russia and Ukraine, with year-on-year increases of 6.04% and 5.08%, respectively. Romania also experienced remarkable growth, with a year-on-year increase of 292.56%. However, several countries like Japan, Brazil, and Saudi Arabia faced declines in exports.
Future trends to watch include the continued expansion of markets in emerging economies, which may affect traditional leading exporters. The role of geopolitical factors and environmental sustainability initiatives will also likely shape the global trade dynamics in the nitrates sector in 2024 and beyond.
Top countries in Export of Nitrates of Metals Except Potassium and Bismuth Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 26.78 | 2023 | +2.61% | +2.04% | View data |
| 2 | 2 United Kingdom | 9.98 | 2023 | +5.17% | +1.77% | View data |
| 3 | 3 Spain | 8.86 | 2023 | +4.46% | +3.39% | View data |
| 4 | 4 United States | 8.86 | 2023 | +3.15% | +3.63% | View data |
| 5 | 5 Belgium | 8.24 | 2023 | +0.24% | -0.85% | View data |
| 6 | 6 Germany | 7.03 | 2023 | +1.45% | +0.57% | View data |
| 7 | 7 Poland | 5.78 | 2023 | +3.11% | +0.4% | View data |
| 8 | 8 Russia | 3.46 | 2023 | +5.66% | +6.04% | View data |
| 9 | 9 France | 3.29 | 2023 | +2.44% | +1.99% | View data |
| 10 | 10 Netherlands | 2.39 | 2023 | +1.41% | +1.2% | View data |
