Carbonates in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $232M in Carbonates, making it the 12th largest exporter of Carbonates in the world. At the same year, Carbonates was the 253rd most exported product in South Korea. The main destination of Carbonates exports from South Korea are: China ($37.6M), India ($27.6M), Japan ($23.6M), Turkey ($15.3M), and Malaysia ($13.3M).

The fastest growing export markets for Carbonates of South Korea between 2021 and 2022 were Japan ($12.8M), India ($10.7M), and Turkey ($8.03M).

Imports In 2022, South Korea imported $1.69B in Carbonates, becoming the 2nd largest importer of Carbonates in the world. At the same year, Carbonates was the 60th most imported product in South Korea. South Korea imports Carbonates primarily from: Chile ($992M), China ($410M), United States ($115M), Argentina ($93.5M), and Germany ($17.1M).

The fastest growing import markets in Carbonates for South Korea between 2021 and 2022 were Chile ($741M), China ($243M), and Argentina ($77.2M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Carbonates from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Carbonates exports accounted up to $16.4M and imports accounted up to $85.3M, resulting in a negative trade balance of $68.9M. Between February 2023 and February 2024 the exports of South Korea's Carbonates have decreased by $-31.7M (-65.9%) from $48.1M to $16.4M, while imports decreased by $-134M (-61.1%) from $219M to $85.3M.

Destinations In February 2024, Carbonates were exported mostly to China ($4.17M), India ($1.56M), Malaysia ($1.08M), Poland ($1.06M), and Belgium ($822k), and were imported mostly from Chile ($52.6M), Argentina ($12.9M), China ($9.46M), United States ($7.06M), and Turkey ($806k).

Growth In February 2024, the decrease in Carbonates's year-by-year exports was explained primarily by a decrease in exports to Turkey ($-541k or -48.5%), Australia ($-459k or -93.7%), and Germany ($-443k or -69.9%). In February 2024, the decrease in Carbonates's year-by-year imports was explained primarily by a decrease in imports from Turkey ($-5.04M or -97.9%), United States ($-1.74M or -35.6%), and France ($-148k or -62.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-31.7M(-65.9%)

IMPORT GROWTH (February 2023 - February 2024)$-134M(-61.1%)

MAIN DESTINATION (February 2024)China$4.17M

This section shows Carbonates's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Carbonates over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$232M

IMPORTS (2022)$1.69B

NET TRADE (2022)-$1.46B

In 2022, South Korea exported $232M in Carbonates. The main destinations of South Korea exports on Carbonates were China ($37.6M), India ($27.6M), Japan ($23.6M), Turkey ($15.3M), and Malaysia ($13.3M).

In 2022, South Korea imported $1.69B in Carbonates, mainly from Chile ($992M), China ($410M), United States ($115M), Argentina ($93.5M), and Germany ($17.1M).

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