# Borates (HS4 2840) Trade Overview | Yugalinks

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Borates at HS4 2840, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/2840

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## Answer

The borates subsector recorded $1.3B in reported global trade in 2024, with -6.1% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $1.3B |
| Latest annual change | -6.1% |
| Active exporters | 106 |
| Active importers | 180 |
| Active HS6 products | 4 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $480.3M | 1,110 | 4 |
| 1996 | $413.5M | 1,097 | 4 |
| 1997 | $491.2M | 1,112 | 4 |
| 1998 | $445.3M | 1,081 | 4 |
| 1999 | $488.9M | 1,279 | 4 |
| 2000 | $474.7M | 1,286 | 4 |
| 2001 | $410.6M | 1,350 | 4 |
| 2002 | $394.2M | 1,384 | 4 |
| 2003 | $412.3M | 1,432 | 4 |
| 2004 | $453.8M | 1,478 | 4 |
| 2005 | $478.3M | 1,454 | 4 |
| 2006 | $534.7M | 1,572 | 4 |
| 2007 | $608.6M | 1,608 | 4 |
| 2008 | $738.3M | 1,693 | 4 |
| 2009 | $644.3M | 1,719 | 4 |
| 2010 | $749.8M | 1,730 | 4 |
| 2011 | $922.1M | 1,707 | 4 |
| 2012 | $913.2M | 1,785 | 4 |
| 2013 | $909.6M | 1,738 | 4 |
| 2014 | $974.3M | 1,796 | 4 |
| 2015 | $851.4M | 1,849 | 4 |
| 2016 | $770.8M | 1,971 | 4 |
| 2017 | $915.0M | 1,964 | 4 |
| 2018 | $956.4M | 1,945 | 4 |
| 2019 | $843.3M | 1,995 | 4 |
| 2020 | $732.4M | 1,958 | 4 |
| 2021 | $1.0B | 1,954 | 4 |
| 2022 | $1.2B | 2,018 | 4 |
| 2023 | $1.3B | 1,983 | 4 |
| 2024 | $1.3B | 2,061 | 4 |

## Leading corridors

- Turkey to China: $378.8M; growth +20.7%.
- USA, Puerto Rico and US Virgin Islands to China: $169.5M; growth +12.4%.
- Turkey to USA, Puerto Rico and US Virgin Islands: $69.0M; growth -12.4%.
- Turkey to India: $44.1M; growth +19.7%.
- USA, Puerto Rico and US Virgin Islands to India: $40.8M; growth +16.2%.
- USA, Puerto Rico and US Virgin Islands to Canada: $39.9M; growth +13.1%.
- Turkey to Netherlands: $32.2M; growth +41.5%.
- USA, Puerto Rico and US Virgin Islands to Mexico: $20.8M; growth +1%.
- Turkey to Canada: $20.0M; growth +4.7%.
- Turkey to Germany: $15.2M; growth -14.9%.

## HS6 products

- Borates: disodium tetraborate (refined borax), anhydrous (HS6 284011)
- Borates: disodium tetraborate (refined borax), other than anhydrous (HS6 284019)
- Borates: n.e.c. in heading no. 2840 (HS6 284020)
- Peroxoborates (perborates) (HS6 284030)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.