Chemical sales and trade in Europe
The 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.
