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Solvents and thinners: top exporters and importers (2024)

In 2024, world trade in solvents and thinners totaled $2.2 billion (952 thousand tonnes). The top exporters were Germany (14%), the United States (13%) and the Netherlands (6%); the top importers were China (5%), Germany (4%) and the United States (4%). Compared with 2019, the value rose 7%.

Summary

World trade
$2.2billion
Tonnes
952thousand tonnes
Price per tonne
$2,354
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Germany$313 million · 13.9%
  2. United States$292 million · 13%
  3. Netherlands$140 million · 6.3%
    re-exports
  4. South Korea$138 million · 6.1%
  5. Italy$137 million · 6.1%
  6. China$132 million · 5.9%
  7. United Kingdom$123 million · 5.5%
  8. Belgium$79 million · 3.5%
    re-exports
  9. Japan$73 million · 3.2%
  10. France$72 million · 3.2%
  11. Taiwan$67 million · 3%
  12. Singapore$56 million · 2.5%
    re-exports
  13. Spain$50 million · 2.2%
  14. Poland$40 million · 1.8%
  15. Egypt$39 million · 1.7%
  16. Turkey$34 million · 1.5%
  17. Switzerland$32 million · 1.4%
  18. Russia$32 million · 1.4%
  19. South Africa$29 million · 1.3%
  20. Canada$27 million · 1.2%

Top importers

  1. China$117 million · 5.2%
  2. Germany$97 million · 4.3%
  3. United States$92 million · 4.1%
  4. France$89 million · 4%
  5. Mexico$88 million · 3.9%
  6. Vietnam$79 million · 3.5%
  7. Italy$67 million · 3%
  8. Poland$65 million · 2.9%
  9. Netherlands$48 million · 2.2%
    re-exports
  10. Japan$47 million · 2.1%
  11. Czechia$45 million · 2%
  12. Belgium$45 million · 2%
    re-exports
  13. Indonesia$43 million · 1.9%
  14. Canada$43 million · 1.9%
  15. Romania$42 million · 1.9%
  16. South Korea$41 million · 1.8%
  17. Austria$41 million · 1.8%
  18. Saudi Arabia$40 million · 1.8%
  19. India$38 million · 1.7%
  20. United Kingdom$38 million · 1.7%

Trend

Who sells it

Germany has been the top exporter since 2023

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

  • Germany 313
  • United States 292
  • Netherlands 140
  • South Korea 138
  • Italy 137

Source: CEPII BACI

Show the numbers
Country19952024
Germany78.9313
United States84.5292
Netherlands43.5140
South Korea12.7138
Italy27.1137

Price

Implied price

The price per tonne rose 80% since 1995

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

  • 2024: $2,354

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,306
1996$1,099
1997$1,067
1998$849
1999$851
2000$878
2001$863
2002$898
2003$973
2004$959
2005$1,310
2006$1,105
2007$1,464
2008$1,355
2009$929
2010$1,376
2011$1,080
2012$1,114
2013$1,913
2014$1,860
2015$1,641
2016$1,700
2017$1,909
2018$1,986
2019$1,749
2020$1,781
2021$1,880
2022$2,446
2023$2,341
2024$2,354

What it includes

  • 3814 · Solvents and thinners

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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