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2022
Exports $8.76MWorld Rnk 15 / 78
Flag Rnk 747 / 1204
2022
Destination $431k China
2021 - 2022
FASTEST GROWING MARKET $431kIndonesia
2022
PRODUCT COMPLEXITY IN Phosphoric Esters and Salts1.77Rnk 16 / 1025
2022
Imports $105MWorld Rnk 3 / 145
Flag Rnk 500 / 1213
2022
Origin $1.57M China
2021 - 2022
FASTEST GROWING ORIGIN $1.57MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $8.76M in Phosphoric Esters and Salts, making it the 15th largest exporter of Phosphoric Esters and Salts in the world. At the same year, Phosphoric Esters and Salts was the 747th most exported product in South Korea. The main destination of Phosphoric Esters and Salts exports from South Korea are: China ($3.79M), Mexico ($1.35M), Vietnam ($1.2M), Indonesia ($801k), and United States ($440k).

The fastest growing export markets for Phosphoric Esters and Salts of South Korea between 2021 and 2022 were Indonesia ($431k), Malaysia ($322k), and Germany ($163k).

Imports In 2022, South Korea imported $105M in Phosphoric Esters and Salts, becoming the 3rd largest importer of Phosphoric Esters and Salts in the world. At the same year, Phosphoric Esters and Salts was the 500th most imported product in South Korea. South Korea imports Phosphoric Esters and Salts primarily from: China ($82.9M), Japan ($11.9M), Germany ($3.73M), India ($3.14M), and Chinese Taipei ($2.54M).

The fastest growing import markets in Phosphoric Esters and Salts for South Korea between 2021 and 2022 were India ($1.57M), Chinese Taipei ($800k), and Germany ($228k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Phosphoric Esters and Salts exports accounted up to $507k and imports accounted up to $7M, resulting in a negative trade balance of $6.49M. Between July 2023 and July 2024 the exports of South Korea's   Phosphoric Esters and Salts have decreased by $-198k (-28.1%) from $705k to $507k, while imports decreased by $-845k (-10.8%) from $7.85M to $7M.

Destinations In July 2024, Phosphoric Esters and Salts were exported mostly to China ($163k), Malaysia ($115k), Indonesia ($95k), Vietnam ($65k), and United States ($56k), and were imported mostly from China ($5.44M), Japan ($615k), India ($402k), Chinese Taipei ($357k), and Switzerland ($104k).

Growth In July 2024, the decrease in Phosphoric Esters and Salts's year-by-year exports was explained primarily by a decrease in exports to China ($-255k or -64.7%) and Japan ($-40k or -100%). In July 2024, the decrease in Phosphoric Esters and Salts's year-by-year imports was explained primarily by a decrease in imports from China ($-4.47M or -41.8%), Chinese Taipei ($-859k or -99.7%), and Germany ($-186k or -97.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-198k(-28.1%)
IMPORT GROWTH (July 2023 - July 2024)$-845k(-10.8%)
MAIN DESTINATION (July 2024)China$163k

This section shows Phosphoric Esters and Salts'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 Phosphoric Esters and Salts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.76M
IMPORTS (2022)$105M
NET TRADE (2022)-$96.7M

In 2022, South Korea exported $8.76M in Phosphoric Esters and Salts. The main destinations of South Korea exports on Phosphoric Esters and Salts were China ($3.79M), Mexico ($1.35M), Vietnam ($1.2M), Indonesia ($801k), and United States ($440k).

In 2022, South Korea imported $105M in Phosphoric Esters and Salts, mainly from China ($82.9M), Japan ($11.9M), Germany ($3.73M), India ($3.14M), and Chinese Taipei ($2.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Phosphoric Esters and Salts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Indonesia$431k (116%)
Malaysia$322k (419%)
Germany$163k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phosphoric Esters and Salts BY South Korea WERE (2021 - 2022):
Mexico-$644k (-32.2%)
Vietnam-$233k (-16.2%)
Italy-$114k (-41%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Phosphoric Esters and Salts were:
China $705M
Germany $154M
Netherlands $72.9M
In 2022, South Korea's main importing competitors in Phosphoric Esters and Salts were:
United States $188M
Netherlands $112M

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Trade Value of Phosphoric Esters and Salts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $398k
TOP IMPORT POTENTIALGermany+ $875k

Phosphoric Esters and Salts’s highest export potential is United States. With an export gap of $398k.   Phosphoric Esters and Salts’s highest import potential is Germany with an import gap of $875k.

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