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Aldehydes (formaldehyde): top exporters and importers (2024)

In 2024, world trade in aldehydes (formaldehyde) totaled $2.6 billion (1.2 million tonnes). The top exporters were China (28%), Germany (12%) and the United States (9%); the top importers were the United States (14%), Germany (9%) and India (8%). Compared with 2019, the value rose 5%.

Summary

World trade
$2.6billion
Tonnes
1.2million tonnes
Price per tonne
$2,172
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$750 million · 28.3%
  2. Germany$309 million · 11.7%
  3. United States$242 million · 9.2%
  4. India$209 million · 7.9%
  5. Spain$146 million · 5.5%
  6. Japan$133 million · 5%
  7. France$85 million · 3.2%
  8. United Kingdom$78 million · 3%
  9. Switzerland$74 million · 2.8%
  10. Netherlands$65 million · 2.5%
    re-exports
  11. Sweden$63 million · 2.4%
  12. Mexico$61 million · 2.3%
  13. Belgium$52 million · 2%
    re-exports
  14. Taiwan$50 million · 1.9%
  15. Norway$48 million · 1.8%
  16. Malaysia$36 million · 1.4%
  17. Indonesia$28 million · 1.1%
  18. Italy$21 million · 0.81%
  19. Philippines$21 million · 0.8%
  20. Singapore$21 million · 0.8%
    re-exports

Top importers

  1. United States$382 million · 14.4%
  2. Germany$225 million · 8.5%
  3. India$211 million · 8%
  4. China$139 million · 5.3%
  5. France$137 million · 5.2%
  6. Spain$108 million · 4.1%
  7. Switzerland$105 million · 4%
  8. Belgium$98 million · 3.7%
    re-exports
  9. Singapore$89 million · 3.4%
    re-exports
  10. United Kingdom$81 million · 3.1%
  11. Netherlands$78 million · 3%
    re-exports
  12. Mexico$76 million · 2.9%
  13. Brazil$71 million · 2.7%
  14. Italy$63 million · 2.4%
  15. Indonesia$60 million · 2.3%
  16. Japan$50 million · 1.9%
  17. Sweden$44 million · 1.7%
  18. Turkey$38 million · 1.5%
  19. South Korea$38 million · 1.5%
  20. Canada$35 million · 1.3%

Trend

Who sells it

China has been the top exporter since 2015

Value in USD millions. The five largest exporters in 2024.

  • China 750
  • Germany 309
  • United States 242
  • India 209
  • Spain 146

Source: CEPII BACI

Show the numbers
Country19952024
China65.3750
Germany203309
United States144242
India14209
Spain71146

Price

Implied price

The price per tonne rose 66% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $2,172

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,307
1996$1,185
1997$1,110
1998$1,074
1999$1,143
2000$1,004
2001$1,071
2002$1,118
2003$1,123
2004$1,248
2005$1,395
2006$1,348
2007$1,460
2008$1,668
2009$1,969
2010$1,737
2011$1,831
2012$1,814
2013$1,790
2014$1,904
2015$1,762
2016$1,682
2017$1,697
2018$2,080
2019$2,037
2020$2,060
2021$2,195
2022$2,665
2023$2,257
2024$2,172

What it includes

  • 2912 · Aldehydes (formaldehyde)

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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