Forecast on U.S. chemical industry trade balance by segment 2020-2024

This statistic displays a forecast of the trade balance in the chemical industry in the United States by segment from 2020 to 2024. In 2024, the trade balance of the basic chemicals segment is expected to total 51.6 billion U.S. dollars. Appreciation of the U.S. dollar is likely to reduce costs and increase production in the chemical industry. The capacity of the chemical industry is also continuing to increase and will likely contribute to innovation and more efficient production.

Projection of trade balance in the U.S. chemical industry from 2020 to 2024, by segment (in billion U.S. dollars)*

Basic chemicalsSpecialtiesConsumer productsAgricultural chemicalsTotal
202451.66.1-4.4-4.648.8
2023465.6-3.3-3.944.4
2022424-2.8-3.240
202137.73.5-3-3.135.2
202033.72.6-1.8-2.532.1
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Source

Release date

December 2019

Region

United States

Survey time period

2019

Supplementary notes

* Pharmaceutical data is not included.

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