HS Code:
Sodium, classified under HS Code 2805.11, refers to alkali metals, primarily sodium in its elemental form. It is a highly reactive metal used in various industrial applications, including the production of chemicals, metallurgy, and as a coolant in nuclear reactors. Sodium compounds are also critical in industries such as glass manufacturing, soap production, and water treatment. Global trade in sodium and its compounds is driven by industrial demand, particularly in chemical manufacturing hubs.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$350 million USD
29.2% of total trade of total trade
Increasing
$200 million USD
16.7% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Increasing
$80 million USD
6.7% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sodium in renewable energy applications
Increased trade volume due to sodium's use in energy storage systems like sodium-sulfur batteries
2021-2022
Shift towards sustainable chemical production
Growing demand for sodium compounds in eco-friendly processes, boosting exports from major producers
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary trade slowdowns and price volatility in key markets
2022
A major Chinese manufacturer announced the opening of a large-scale sodium battery production plant to meet growing demand in the energy storage sector.
March 2023
Expected to increase China's export volume of sodium-related products by 15% over the next two years.
The European Union introduced new safety standards for the transportation and storage of elemental sodium to prevent industrial accidents.
January 2023
May lead to higher compliance costs for exporters to the EU, potentially affecting trade flows.
A bilateral agreement between the US and India reduced tariffs on chemical products, including sodium compounds, to boost trade.
September 2022
Likely to increase trade volume between the two countries by 10% in the sodium category.