globaltraffic.earth

Borates: top exporters and importers (2024)

In 2024, world trade in borates totaled $1.4 billion (2.1 million tonnes). Turkey accounted for 56% of exports, followed by the United States (27%) and China (3%); the top importers were China (37%), the United States (8%) and India (7%). Compared with 2019, the value rose 48%.

Summary

World trade
$1.4billion
Tonnes
2.1million tonnes
Price per tonne
$671
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Turkey$799 million · 56.1%
  2. United States$387 million · 27.2%
  3. China$47 million · 3.3%
  4. Luxembourg$22 million · 1.6%
  5. Netherlands$19 million · 1.3%
    re-exports
  6. Italy$18 million · 1.3%
  7. Argentina$16 million · 1.1%
  8. Peru$14 million · 0.99%
  9. Poland$12 million · 0.85%
  10. Guatemala$10 million · 0.69%
  11. France$9 million · 0.65%
  12. Germany$9 million · 0.64%
  13. India$8 million · 0.59%
  14. Australia$6 million · 0.42%
  15. Sweden$6 million · 0.41%
  16. Belgium$5 million · 0.38%
    re-exports
  17. Malaysia$5 million · 0.38%
  18. Canada$5 million · 0.36%
  19. Finland$4 million · 0.28%
  20. Slovenia$4 million · 0.28%

Top importers

  1. China$531 million · 37.3%
  2. United States$110 million · 7.8%
  3. India$96 million · 6.8%
  4. Canada$75 million · 5.3%
  5. Netherlands$68 million · 4.8%
    re-exports
  6. Germany$52 million · 3.7%
  7. Brazil$45 million · 3.2%
  8. Malaysia$32 million · 2.2%
  9. France$30 million · 2.1%
  10. Poland$27 million · 1.9%
  11. Indonesia$24 million · 1.7%
  12. South Korea$21 million · 1.5%
  13. Belgium$21 million · 1.5%
    re-exports
  14. Mexico$21 million · 1.5%
  15. Japan$20 million · 1.4%
  16. Spain$18 million · 1.2%
  17. Thailand$16 million · 1.2%
  18. United Kingdom$16 million · 1.1%
  19. Sweden$15 million · 1.1%
  20. Italy$14 million · 0.98%

Trend

Who sells it

Turkey has been the top exporter since 2009

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

  • Turkey 799
  • United States 387
  • China 46.8
  • Luxembourg 22.1
  • Netherlands 19.1

Source: CEPII BACI

Show the numbers
Country19952024
Turkey98.4799
United States318387
China4.846.8
Luxembourg022.1
Netherlands47.519.1

Price

Implied price

The price per tonne rose 38% since 1995

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

  • 2024: $671

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$488
1996$494
1997$456
1998$442
1999$442
2000$455
2001$455
2002$440
2003$482
2004$461
2005$435
2006$435
2007$472
2008$515
2009$570
2010$577
2011$610
2012$610
2013$593
2014$571
2015$553
2016$534
2017$526
2018$518
2019$517
2020$517
2021$517
2022$647
2023$720
2024$671

What it includes

  • 2840 · Borates

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.

See all products