Germany and the United States Drive Global Chemical Exports
Chemical production has increased steadily throughout the world over the past decade. Historically a concentrated market, Germany has overtaken the United States as the world’s top chemical exporter. Well known companies like BASF and Bayer have been central to Germany’s success and $225 billion of chemical products were exported in 2011. In 2001, this figure was just $77.4 billion. This represents a 192 percent increase.
The United States is also a powerful player in the global chemical industry and comes second, having exported $206.9 billion worth of chemical products in 2011. Chemical production is China has increased dramatically in recent years, inline with the country’s meteoric economic rise. Chemical exports from China increased from $19.4 billion in 2000 to $114.7 billion in 2011, an incredible rise of 491 percent.
The top ten countries globally represent about 60 percent of the chemical industry’s total export value.
This chart shows global chemical exports in 2000 and 2011 (in billion dollars).
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