India exports chemicals and chemical products to more than 175 countries with key export destinations like China, USA, Brazil, Netherlands, Saudi Arabia, Indonesia, UAE, Japan, Germany, etc. The industry also started exporting to markets like Turkey, Russia, and Northeast Asian countries namely Hong Kong, Japan, Korea RP, Taiwan, Macao, and Mongolia. During 2022-23, the USA was the largest importer of chemicals from India valued at US$ 3.85 billion, followed by Brazil with imports of US$ 1.82 billion. Chemical exports to China were valued at US$ 1.74 billion in 2022-23.
China is a major importer of dye intermediates and castor oils from India. The USA remained the largest importer of dyes, inorganic chemicals, organic chemicals, agrochemicals, and essential oils from India.
As per 2022-23 (provisional data) export statistics provided by CHEMEXCIL, the USA exports were valued at US$ 3.85 billion recording a growth of 8% over 2021-22. This was followed by Brazil (6%) and China (-31%).