May 1, 2023

In 2022, EU chemical (including pharmaceutical) extra-EU exports reached a record high of €553 billion, fueled by increasing prices. This was an increase of more than one-fifth (+21%) compared with the value of exports in 2021 (€458 billion).

The value of chemical imports from non-EU countries into the EU was significantly lower, but also hit a record high of €363 billion, an increase of almost a third (+33%) compared with 2021 (€272 billion).

Top exporter: Germany

In 2022, among the EU members, the top 5 exporters were Germany (€142 billion), Belgium (€81 billion), Ireland (€71 billion), France (€53 billion) and the Netherlands (€49 billion).

The main extra-EU destinations were the United States (€147 billion), the United Kingdom (€55 billion), Switzerland (€52 billion), China (€38 billion) and Japan (€23 billion).

Regarding chemical imports, Germany was the largest importer from non-EU countries in 2022 (€72 billion), followed by the Netherlands and Belgium (each €53 billion), Italy (€30 billion), Spain and France (each €28 billion).

Source: Eurostat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.