The top exporter of carbon in 2023 was China, with an export value of USD 502.11 million. Other significant exporters included Russia, Germany, and the United States, with values of USD 294.27 million, USD 277.33 million, and USD 262.22 million, respectively. South Korea, Belgium, and Canada followed, marking significant presence in the global market. Japan, the Netherlands, and Italy rounded out the top ten. In terms of recent trends, China saw a year-on-year increase in the range of 5-6%, while Russia experienced a slightly lower growth rate. The last CAGR over the past five years showcases consistent demand increase, slightly lower in European nations but robust in Asia.
Future trends to watch include shifts in global carbon trading regulations, with the potential for increased supply chain volatility. Additionally, advancements in carbon capture and storage technology could impact demand dynamics for exported carbon. The commitment to reduce carbon emissions globally may also shape the landscape and influence which countries retain strong export positions.
Top countries in Top Exporters of Carbon
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 502.11 | 2016 | |
| 2 | 2 Russia | 294.27 | 2016 | |
| 3 | 3 Germany | 277.33 | 2016 | |
| 4 | 4 United States | 262.22 | 2016 | |
| 5 | 5 South Korea | 169.22 | 2016 | |
| 6 | 6 Belgium | 158.19 | 2016 | |
| 7 | 7 Canada | 155.62 | 2016 | |
| 8 | 8 Japan | 139.53 | 2016 | |
| 9 | 9 Netherlands | 137.23 | 2016 | |
| 10 | 10 Italy | 111.34 | 2016 |
