# HS 291511 Saturated Acyclic Monocarboxylic Aci global trade...

Reported global trade in saturated acyclic monocarboxylic acids: formic acid reached $298.0M in 2024, with five-year annual growth of +4.4%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $320.1M | +8.7% | +0.7% |
| 2014 | $276.9M | -13.5% | -4.4% |
| 2015 | $196.0M | -29.2% | -12.7% |
| 2016 | $190.7M | -2.7% | -15.9% |
| 2017 | $236.4M | +24% | -5.1% |
| 2018 | $361.6M | +53% | +22.6% |
| 2019 | $240.1M | -33.6% | +8% |
| 2020 | $195.9M | -18.4% | -6.1% |
| 2021 | $317.1M | +61.9% | -4.3% |
| 2022 | $407.5M | +28.5% | +19.3% |
| 2023 | $342.8M | -15.9% | +20.5% |
| 2024 | $298.0M | -13% | -2% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Netherlands | $31.4M | +3.8% | 29 |
| Germany | $22.3M | +1.9% | 28 |
| Brazil | $17.6M | +13.7% | 17 |
| Belgium | $16.9M | +6.8% | 19 |
| Spain | $15.5M | +7.4% | 15 |
| Italy | $14.5M | +3.1% | 14 |
| India | $13.6M | +6.9% | 18 |
| Turkey | $12.9M | +1.1% | 21 |
| Viet Nam | $11.8M | +10.7% | 16 |
| France | $9.5M | +4.9% | 17 |
| Poland | $9.1M | +9.2% | 15 |
| Russia | $8.7M | +8.5% | 16 |

_Source: reported merchandise trade data. Updated 2026-08-14._