In 2024, the European Union’s exports of chemicals and related products to countries outside the EU surged to €560 billion, marking a new record high. This represents a notable increase of 7% compared with 2023, when exports stood at €523 billion.
The import side, however, experienced a slight decline, with the total value of chemical imports falling by 1% to €322 billion, down from €326 billion in the previous year.
Among EU member states, Germany led the way as the top exporter of chemicals, sending products worth €134 billion to non-EU countries. Following Germany were Ireland (€82 billion), Belgium (€62 billion), France (€54 billion), and the Netherlands (€50 billion), rounding out the top five exporters.
When looking at the main destinations for EU chemical exports outside the union, the United States was the largest importer, accounting for €170 billion in purchases. Switzerland followed with €64 billion, the United Kingdom with €47 billion, China with €36 billion, and Japan with €18 billion.
On the import front, Germany also topped the list of EU countries importing chemicals from non-EU nations, with €56 billion worth of products. Belgium followed closely with €45 billion, the Netherlands with €43 billion, Italy with €34 billion, and Slovenia with €29 billion.
The growth in exports highlights the EU’s strong position in the global chemical market, particularly in key markets such as the United States and Switzerland. Meanwhile, the slight decline in imports suggests a more cautious approach from EU countries in sourcing chemical products from outside the bloc.
Overall, the EU’s chemical sector continues to be a vital component of its trade economy, demonstrating resilience and steady growth despite global market uncertainties.
