Borates (other) trade by country: top importers, exporters and prices
World trade in borates (other) was worth $182.1 million in 2024, about 90.3 thousand tonnes. That is an increase of 21% since 2017, and up 7% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $182.1M | 90.3K t |
| 2023 | $170.3M | 83.9K t |
| 2022 | $190.8M | 92.2K t |
| 2021 | $168.0M | 102.8K t |
| 2020 | $141.7M | 103.9K t |
| 2019 | $139.5M | 74.3K t |
| 2018 | $151.6M | 99.5K t |
| 2017 | $150.6M | 111.7K t |
Top borates (other) exporting countries
Exports are led by the United States (21%), China (17%) and Turkey (14%). 70 countries reported exports, and the top three account for 52%.
| Exporter | Value | Share |
|---|---|---|
| United States | $38.1M | 21% |
| China | $30.8M | 17% |
| Turkey | $25.0M | 14% |
| Italy | $16.2M | 8.9% |
| Peru | $14.4M | 7.9% |
| Netherlands | $6.4M | 3.5% |
| India | $6.1M | 3.3% |
| Luxembourg | $6.0M | 3.3% |
| France | $5.6M | 3.1% |
| Germany | $5.6M | 3.1% |
| Australia | $5.5M | 3% |
| Canada | $4.9M | 2.7% |
Top importing countries and buyer markets
The largest importers are Canada (12%), the United States (9%) and India (8%). 164 countries imported it, and the top three take 29% of the value.
| Importer | Value | Share |
|---|---|---|
| Canada | $21.5M | 12% |
| United States | $16.7M | 9.2% |
| India | $14.6M | 8% |
| Germany | $11.7M | 6.4% |
| Belgium | $9.9M | 5.4% |
| Brazil | $9.2M | 5.1% |
| China | $7.8M | 4.3% |
| Poland | $7.4M | 4.1% |
| Russia | $6.1M | 3.4% |
| Netherlands | $5.6M | 3.1% |
| United Kingdom | $5.5M | 3% |
| Australia | $5.1M | 2.8% |
Average price per kg
The world average declared value was about $2.02 per kg in 2024. Among the main exporters, Italy averaged $3.71 per kg and Luxembourg $0.56 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Related product types
Who is behind these numbers in this market?
The shipment records behind Borates (other) (HS 2840.20) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2840.20: Borates: n.e.c. in heading no. 2840. HS 2840 codes.
Common questions
Which countries export the most borates (other)?
The United States exported $38.1 million in 2024, 21% of the world total, followed by China (17%) and Turkey (14%). In all, 70 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most borates (other)?
Canada imported $21.5 million in 2024, 12% of world imports, ahead of the United States (9%) and India (8%). The top three importers together take 29%. Each country with its own page is linked from the table.
How big is the world trade in borates (other)?
It was worth $182.1 million in 2024, about 90.3 thousand tonnes. That is an increase of 21% since 2017. The peak year was 2022 at $190.8 million. 70 countries reported exports and 164 reported imports.
What is the average price of borates (other) per kg?
The world average declared value was about $2.02 per kg in 2024. Among the main exporters, Italy averaged $3.71 per kg and Luxembourg $0.56 per kg, so grade and origin matter. The average mixes every grade and size, so use it as a market reference rather than an offer.
What is the HS code for borates (other)?
The HS code for borates (other) is subheading 2840.20, in chapter 28 (inorganic chemicals; organic and inorganic compounds of precious metals; of rare earth metals, of radio-active elements and of isotopes). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 2840 page.
How can I find borates (other) buyers and suppliers?
EximDataX shows the importers and exporters of borates (other) by name, from shipment-level customs records updated weekly. Ask for a live look at the markets you sell to.
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