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291811 (Harmonized System 1992 for 6-digit)

2022
World Trade $856MRnk 2378 / 4648
2022
Top Exporter | Top Importer $199M | $96MNetherlands | Netherlands
2022
Product Complexity 0.54Rnk 1572 / 4653
2021 - 2022
Export Growth (CAGR) 16.3%Rnk 1025 / 4648
2022
Share of World Trade 0.0036%Rnk 2378 / 4648

About

Overview This page contains the latest trade data of Lactic acid, its salts & esters. In 2022, Lactic acid, its salts & esters were the world's 2378th most traded product, with a total trade of $856M. Between 2021 and 2022 the exports of Lactic acid, its salts & esters grew by 16.3%, from $736M to $856M. Trade in Lactic acid, its salts & esters represent 0.0036% of total world trade.

Lactic acid, its salts & esters are a part of Carboxylic Acids.

Exports In 2022 the top exporters of Lactic acid, its salts & esters  were Netherlands ($199M), China ($169M), Thailand ($122M), Spain ($75.7M), and France ($61.9M).

Imports In 2022 the top importers of Lactic acid, its salts & esters were Netherlands ($96M), United States ($74.9M), South Korea ($57.6M), Germany ($54M), and Spain ($41.8M).

Ranking Lactic acid, its salts & esters ranks 1572nd in the Product Complexity Index (PCI).

Description Lactic acid is used as a preservative and acidulant in food products, and as an intermediate in the manufacture of other chemicals. It is also used as a feedstock for production of other chemicals, for instance, it is one of the raw materials in the synthesis of poly(lactic acid) (PLA), a biodegradable plastics.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lactic acid, its salts & esters. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Netherlands$199M
Top Destination (2022)Netherlands$96M

In 2022 Lactic acid, its salts & esters were the world's 2378th most traded product (out of 4,648).

In 2022, the top exporters of Lactic acid, its salts & esters were Netherlands ($199M), China ($169M), Thailand ($122M), Spain ($75.7M), and France ($61.9M).

In 2022, the top importers of Lactic acid, its salts & esters were Netherlands ($96M), United States ($74.9M), South Korea ($57.6M), Germany ($54M), and Spain ($41.8M).

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Exporters of Lactic acid, its salts & esters (2022)
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Importers of Lactic acid, its salts & esters (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$40.3M
Top Destination Growth (2021 -  2022)Spain$19.7M

Between 2021 and 2022, the exports of Lactic acid, its salts & esters grew the fastest in China ($40.3M), Netherlands ($39.5M), Thailand ($34.4M), Spain ($12.6M), and Germany ($5.81M).

Between 2021 and 2022, the fastest growing importers of Lactic acid, its salts & esters were Spain ($19.7M), South Korea ($11.6M), Brazil ($9.97M), Netherlands ($8.72M), and Mexico ($7.76M).

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Exporters of Lactic acid, its salts & esters (2021 - 2022)

Importers of Lactic acid, its salts & esters (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lactic acid, its salts & esters.

In 2022, market concentration measured using Shannon Entropy, was 3.44. This means that most of the exports of Lactic acid, its salts & esters are explained by 10 countries.

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Value of Exports in Lactic acid, its salts & esters

Net Trade

TOP NET EXPORTER (2022)China$131M
TOP NET IMPORTER (2022)South Korea$48.5M

This map shows which countries export or import more of Lactic acid, its salts & esters. Each country is colored based on the difference in exports and imports of Lactic acid, its salts & esters during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Lactic acid, its salts & esters were China ($131M), Thailand ($111M), Netherlands ($103M), Spain ($33.9M), and France ($33.4M).

In 2022, the countries that had a largest trade value in imports than in exports of Lactic acid, its salts & esters were South Korea ($48.5M), United States ($45.8M), Italy ($33.9M), Japan ($31.4M), and Mexico ($26.1M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Lactic acid, its salts & esters.
It is possible to select the main countries that export or import Lactic acid, its salts & esters in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lactic acid, its salts & esters by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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