China Remains the Largest Exporter of Amine-Function Compounds in the World, with $2B in 2014
Basic Chemicals July 30, 2015
China continued its dominance in the global amine-function compound trade. In 2014, China exported 596 thousand tonnes of amine-function compounds totaling around 1.97 billion USD, 9.4% over the previous year. Its primary trading partner was India, where it supplied 16.7% of its total amine-function compounds exports in value terms, accounting for 75.9% of India's total imports.
From 2007 to 2014, China was a net exporter of amine-function compounds. In this period, exports consistently exceeded imports in value terms. However, in physical terms, imports and exports were at the same level.
The U.S. and Belgium were among the other main global suppliers of amine-function compounds in 2014. However, the fastest growing exporter from 2007 to 2014 was China (+11.9% per year). By virtue of this, China was able to significantly strengthen its position in the global export structure.
In 2014, China's top 5 trading partners were India, the U.S., Japan, the Republic of Korea and the Netherlands, with a combined share 55.2% of Chinese exports. The share of Japan increased significantly (+4.0 percentage points), while the share of the Republic of Korea illustrated negative dynamics (-1.6 percentage points).
Source: World: Amine-Function Compounds - Market Report. Analysis and Forecast to 2020
