Inorganic Compounds in South Korea

EXPORTS (2018): $1.24B, World Rnk 1 / 93
Flag Rnk 82 / 1196

TOP DESTINATION (2018): $568M, China

FASTEST GROWING MARKET (2017 - 2018): $469M, China

IMPORTS (2018): $1.28B, World Rnk 1 / 191
Flag Rnk 67 / 1208

TOP ORIGIN (2018): $1.05B, China

FASTEST GROWING ORIGIN (2017 - 2018): $574M, China

ECONOMIC COMPLEXITY of South Korea (2018): 1.85, Rnk 5 / 137

PRODUCT COMPLEXITY  IN Inorganic Compounds (2018): 1.68, Rnk 22 / 1018

Overview: This page contains the latest trade data of Inorganic Compounds in South Korea.

Exports: In 2018, South Korea exported $1.24B in Inorganic Compounds, making it the 1st largest exporter of Inorganic Compounds in the world. At the same year, Inorganic Compounds was the 82nd most exported product in South Korea. The main destination of Inorganic Compounds exports from South Korea are: China ($568M), Japan ($383M), Malaysia ($157M), Hungary ($38.7M), and Chinese Taipei ($27.2M).

The fastest growing export markets for Inorganic Compounds of South Korea between 2017 and 2018 were China ($469M), Japan ($332M), and Malaysia ($135M).

Imports: In 2018, South Korea imported $1.28B in Inorganic Compounds, becoming the 1st largest importer of Inorganic Compounds in the world. At the same year, Inorganic Compounds was the 67th most imported product in South Korea. South Korea imports Inorganic Compounds primarily from: China ($1.05B), Japan ($165M), United States ($33.2M), Finland ($31.2M), and Belgium-Luxembourg ($2.32M).

The fastest growing import markets in Inorganic Compounds for South Korea between 2017 and 2018 were China ($574M), United States ($21.7M), and Finland ($10.5M).

Value

EXPORTS (2018): $1.24B

IMPORTS (2018): $1.28B

NET TRADE (2018): -$41.4M

In 2018, South Korea exported $1.24B in Inorganic Compounds. The main destinations of South Korea exports on Inorganic Compounds were China ($568M), Japan ($383M), Malaysia ($157M), Hungary ($38.7M), and Chinese Taipei ($27.2M).

In 2018, South Korea imported $1.28B in Inorganic Compounds, mainly from China ($1.05B), Japan ($165M), United States ($33.2M), Finland ($31.2M), and Belgium-Luxembourg ($2.32M).

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IN 2018, South Korea HAD A POSITIVE NET TRADE IN Inorganic Compounds WITH:

  • Japan, $218M ($383M - $165M)
  • Malaysia, $157M ($157M - $154k)
  • Hungary, $38.7M ($38.7M - $0)

IN 2018, South Korea HAD A NEGATIVE NET TRADE IN Inorganic Compounds WITH:

  • China, -$477M ($568M - $1.05B)
  • Finland, -$31.2M ($0 - $31.2M)
  • United States, -$7.79M ($25.4M - $33.2M)
Flow

THE FASTEST GROWING Inorganic Compounds EXPORT MARKETS FOR South Korea WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic Compounds BY South Korea WERE (2017 - 2018):

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Market Concentration

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Flow
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In 2018, South Korea's main exporting competitors in Inorganic Compounds were:

In 2018, South Korea's main importing competitors in Inorganic Compounds were:

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Trade Forecasts

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This section shows forecasts for total exports and imports, for Inorganic Compounds in South Korea. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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