Chemical sales and trade in EuropeThe European Union generated almost 500 billion euros in chemical sales in 2020, whereas the rest of Europe registered a chemical revenue of slightly over 128 billion euros. Within the region, the German chemical industry is by far the largest, with a revenue that surpassed 190 billion euros in 2020. The United Kingdom and France were the second and third largest markets for Europe's chemicals sales that year.
A large part of the European Union's chemical revenue comes from exports. The European Union is, in fact, the largest chemical-exporting region worldwide. In 2020, the EU exported approximately 170 billion euros worth of chemicals and registered a trade surplus of roughly 40 billion euros. Specialty and consumer chemicals contributed the most to the region’s trade surplus, whereas petrochemicals and basic inorganic chemicals experienced a trade deficit that year.