HS4 subsector intelligence

Nitrogen-function compounds
HS4 2929 trade overview

A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.

HS4 29291995-2024 coverageDeclining
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$5.9BGlobal subsector value
02

Annual change

-3.6%Latest year on year
03

Exporters

121Active reporting countries
04

Importers

184Active reporting countries
05

HS6 products

2Classifications inside HS4

The subsector read

$5.9B in trade, with -4.5% annualized growth over three years.

Nitrogen-function compounds is recorded across 2,867 active corridors, with 121 exporters and 184 importers.

Annual trend

Subsector momentum over time

Reported global trade from 1995 to 2024. Read the methodology ↗

Annual subsector tradeReported global trade from 1995 to 2024.1995: $2.2B1996: $2.4B1997: $2.3B1998: $2.1B1999: $2.5B2000: $2.8B2001: $2.6B2002: $2.6B2003: $3.3B2004: $3.9B2005: $4.3B2006: $5.0B2007: $6.2B2008: $6.6B2009: $4.7B2010: $5.6B2011: $5.6B2012: $5.9B2013: $5.9B2014: $5.8B2015: $4.7B2016: $4.7B2017: $6.9B2018: $8.0B2019: $5.3B2020: $4.8B2021: $6.8B2022: $7.3B2023: $6.5B2024: $5.9B
Reported global trade by year.

Top trade corridors

Where the subsector moves

Leading exporter-to-importer relationships by latest reported value. See data sources ↗

Latest reported relationshipsTop 10 by trade value
RankExporterImporterTrade valueGrowthHS6DistanceFTA
1Republic of KoreaKORChinaCHN$168.2M+15%2867 kmYes
2JapanJPNChinaCHN$145.8M-7.2%21,763 kmNo
3ChinaCHNIndiaIND$134.8M-6.3%24,252 kmNo
4ChinaCHNBrazilBRA$124.7M-1.9%218,570 kmNo
5ChinaCHNViet NamVNM$106.9M-2%22,732 kmYes
6USA, Puerto Rico and US Virgin IslandsUSAMexicoMEX$95.4M-4.4%23,359 kmYes
7USA, Puerto Rico and US Virgin IslandsUSABrazilBRA$94.4M+12.9%27,658 kmNo
8HungaryHUNBelgiumBEL$87.8M+3.1%21,132 kmYes
9HungaryHUNTurkeyTUR$86.5M-4.2%11,069 kmYes
10Republic of KoreaKORIndiaIND$81.8M+7.6%14,692 kmYes

Market structure

Where supply and demand concentrate

Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗

Top exporters2024 ranking
RankCountryExportsPartnersHS6
1ChinaCHN$1.3B1632
2Republic of KoreaKOR$879.4M1292
3GermanyDEU$766.1M1262
4HungaryHUN$609.7M782
5USA, Puerto Rico and US Virgin IslandsUSA$513.1M1152
6JapanJPN$490.4M752
7BelgiumBEL$320.2M822
8Saudi ArabiaSAU$271.5M772
9NetherlandsNLD$164.8M1002
10United Arab EmiratesARE$75.9M732
Top importers2024 ranking
RankCountryImportsPartnersHS6
1ChinaCHN$408.7M432
2IndiaIND$340.6M382
3BrazilBRA$312.4M332
4USA, Puerto Rico and US Virgin IslandsUSA$296.9M412
5TurkeyTUR$293.8M392
6ItalyITA$270.4M322
7BelgiumBEL$242.3M302
8Viet NamVNM$233.9M252
9GermanyDEU$222.5M462
10TaiwanTWN$191.4M272

HS6 product coverage

The products inside HS4 2929

Six-digit classifications make the subsector specific. Browse the product workspace ↗

2 classifications shownNitrogen-function compounds
01
Nitrogen-function compounds: n.e.c. in chapter 29, isocyanatesHS6 292910
02
Nitrogen-function compounds: n.e.s. in chapter 29, excluding isocyanatesHS6 292990

Definitions and coverage

Read the numbers with context

Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗

01

Reported values

Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.

02

Calculated indicators

Growth, concentration, volatility, and peak comparisons are calculated from reported observations.

03

Missing data

Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.

Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.