The table below show the chemical trade ratio for the 20 countries
with the highest gross domestic product (GDP) (determined by the World
Bank). The chemical trade ratio is the
total chemical trade (exports plus imports) divided by the GDP. I would think that the trade ratio is a good indicator
of the degree of the role that international trading in chemicals plays in a country’s
overall economy. Three countries
(Switzerland, Germany, and The Netherlands) have trade ratios that significantly
exceed the other countries.
|
country
|
chemical exports (in millions USD)
|
chemical imports (in millions USD)
|
GDP (in millions USD)
|
trade ratio
|
exports as % of imports
|
total chemical trade (in millions USD)
|
|
switzerland
|
$
93,276
|
$
42,709
|
$
659,827
|
21%
|
218%
|
$ 135,985
|
|
germany
|
$
162,775
|
$
116,197
|
$
1,466,757
|
19%
|
140%
|
$
278,972
|
|
netherlands
|
$
55,296
|
$
41,579
|
$
770,845
|
13%
|
133%
|
$
96,875
|
|
france
|
$
72,793
|
$
63,682
|
$
2,465,454
|
6%
|
114%
|
$
136,475
|
|
spain
|
$
29,204
|
$
36,349
|
$
1,232,088
|
5%
|
80%
|
$
65,553
|
|
italy
|
$
45,237
|
$
50,508
|
$
1,849,970
|
5%
|
90%
|
$
95,745
|
|
south korea
|
$
36,075
|
$
35,197
|
$ 1,411,246
|
5%
|
102%
|
$
71,272
|
|
uk
|
$
61,972
|
$
61,292
|
$
2,618,886
|
5%
|
101%
|
$
123,264
|
|
saudia arabia
|
$
14,962
|
$
14,150
|
$
646,438
|
5%
|
106%
|
$
29,112
|
|
canada
|
$
25,847
|
$
34,770
|
$
1,529,760
|
4%
|
74%
|
$
60,617
|
|
mexico
|
$
9,600
|
$
26,298
|
$
1,045,998
|
3%
|
37%
|
$
35,898
|
|
india
|
$
33,472
|
$
33,317
|
$
2,263,522
|
3%
|
100%
|
$
66,789
|
|
russia
|
$
13,866
|
$
23,147
|
$
1,283,162
|
3%
|
60%
|
$
37,013
|
|
turkey
|
$
4,708
|
$
17,002
|
$
847,749
|
3%
|
28%
|
$
21,710
|
|
australia
|
$
9,582
|
$
17,694
|
$
1,204,616
|
2%
|
54%
|
$
27,276
|
|
indonesia
|
$
6,895
|
$
13,898
|
$
932,259
|
2%
|
50%
|
$
20,793
|
|
japan
|
$
47,977
|
$
56,873
|
$
4,939,384
|
2%
|
84%
|
$
104,850
|
|
brazil
|
$
9,144
|
$
28,823
|
$
1,796,187
|
2%
|
32%
|
$
37,967
|
|
united states
|
$ 153,231
|
$
197,631
|
$
18,569,100
|
2%
|
78%
|
$
350,862
|
|
china
|
$
99,163
|
$
108,583
|
$
11,199,145
|
2%
|
91%
|
$
207,746
|
|
total
|
$ 2,004,774
|
The table also shows the percentage that chemical exports are
of chemical imports. Percentages greater
than 100 indicate countries exporting more chemical products than they import.
The total chemical trade for the 20 countries represent about
73% of the total world chemical trade (which is about $2.7 trillion).
The export and import data given above were obtained from
the World Bank’s World Integrated Trade Solution (WITS) website. (Click here to
go to that website’s section dealing with chemical trade.) The GDP data was obtained from a Wikipedia
site (click here to go to that site). Chemical
products are those identified in the United Nations’ system “Standard International
Trade Classification – Chemicals (Section 5)”.
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