HS4 subsector intelligence

Organic compounds
HS4 2942 trade overview

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

HS4 29421995-2024 coverageDeclining
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$1.8BGlobal subsector value
02

Annual change

-25.5%Latest year on year
03

Exporters

131Active reporting countries
04

Importers

192Active reporting countries
05

HS6 products

1Classifications inside HS4

The subsector read

$1.8B in trade, with -4.7% annualized growth over three years.

Organic compounds is recorded across 3,005 active corridors, with 131 exporters and 192 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: $337.1M1996: $404.5M1997: $488.4M1998: $493.4M1999: $526.2M2000: $585.4M2001: $621.0M2002: $746.1M2003: $911.2M2004: $1.1B2005: $1.5B2006: $1.8B2007: $2.0B2008: $2.4B2009: $2.2B2010: $2.3B2011: $2.6B2012: $2.6B2013: $2.0B2014: $1.8B2015: $1.9B2016: $1.6B2017: $1.6B2018: $1.7B2019: $1.9B2020: $1.8B2021: $2.0B2022: $2.2B2023: $2.4B2024: $1.8B
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
1ChinaCHNIndiaIND$159.5M-6.2%14,252 kmNo
2IndiaINDBrazilBRA$74.6M+4.5%114,435 kmNo
3IndiaINDUSA, Puerto Rico and US Virgin IslandsUSA$67.8M+1.1%111,771 kmNo
4IndiaINDBelgiumBEL$61.4M+100%16,422 kmNo
5IndiaINDBangladeshBGD$45.1M-3.3%11,427 kmYes
6IndiaINDSpainESP$41.8M+20.5%17,286 kmNo
7IndiaINDRussiaRUS$35.5M+27.9%14,341 kmNo
8United Arab EmiratesAREIran (Islamic Republic of)IRN$31.1M+2.2%11,214 kmNo
9IndiaINDChinaCHN$28.2M-6%14,252 kmNo
10FranceFRAItalyITA$25.3M+7%11,106 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
1IndiaIND$846.8M1571
2ChinaCHN$286.6M1361
3USA, Puerto Rico and US Virgin IslandsUSA$97.0M1271
4ItalyITA$63.2M1081
5FranceFRA$57.3M991
6TaiwanTWN$50.6M651
7United Arab EmiratesARE$48.8M481
8JapanJPN$35.9M571
9Switzerland, LiechtensteinCHE$32.8M731
10GermanyDEU$30.9M1111
Top importers2024 ranking
RankCountryImportsPartnersHS6
1IndiaIND$198.7M561
2USA, Puerto Rico and US Virgin IslandsUSA$123.1M491
3BrazilBRA$85.7M241
4Iran (Islamic Republic of)IRN$79.9M311
5BelgiumBEL$79.7M331
6SpainESP$62.3M451
7ChinaCHN$61.5M431
8JapanJPN$58.3M331
9GermanyDEU$56.0M501
10BangladeshBGD$46.5M201

HS6 product coverage

The products inside HS4 2942

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

1 classifications shownOrganic compounds
01
Organic compounds: n.e.s. in chapter 29HS6 294200

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.