Fertilizers in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $673M in Fertilizers, making it the 36th largest exporter of Fertilizers in the world. At the same year, Fertilizers was the 49th most exported product in South Korea. The main destination of Fertilizers exports from South Korea are: Thailand ($119M), India ($104M), Japan ($77.8M), Philippines ($60.9M), and Vietnam ($56.2M).

The fastest growing export markets for Fertilizers of South Korea between 2021 and 2022 were India ($85.4M), Japan ($24.9M), and Thailand ($24.3M).

Imports In 2022, South Korea imported $1.17B in Fertilizers, becoming the 27th largest importer of Fertilizers in the world. At the same year, Fertilizers was the 53rd most imported product in South Korea. South Korea imports Fertilizers primarily from: China ($368M), United States ($140M), Qatar ($139M), Israel ($123M), and Vietnam ($68.8M).

The fastest growing import markets in Fertilizers for South Korea between 2021 and 2022 were Qatar ($120M), Israel ($108M), and Saudi Arabia ($37.8M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (178), ELECTROLUX HOME PRODUCTS, INC. (28), and BARRY CALLEBAUT USA LLC (26) were at the forefront of shipping Fertilizers from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Fertilizers exports accounted up to $30.1M and imports accounted up to $80.6M, resulting in a negative trade balance of $50.5M. Between February 2023 and February 2024 the exports of South Korea's Fertilizers have decreased by $-20.2M (-40.2%) from $50.3M to $30.1M, while imports increased by $21.1M (35.5%) from $59.5M to $80.6M.

Destinations In February 2024, Fertilizers were exported mostly to Thailand ($9.57M), Philippines ($5.96M), Indonesia ($4.54M), Japan ($3.73M), and Vietnam ($3.49M), and were imported mostly from Qatar ($21.8M), Vietnam ($13.5M), Canada ($13.2M), China ($10.1M), and Israel ($7.22M).

Growth In February 2024, the decrease in Fertilizers's year-by-year exports was explained primarily by a decrease in exports to Philippines ($-3.13M or -60%), Japan ($-2.44M or -22.8%), and Thailand ($-1.76M or -87.6%). In February 2024, the increase in Fertilizers's year-by-year imports was explained primarily by an increase in imports from China ($6.02M or 17.8%), Laos ($5.44M or 1.87k%), and Japan ($733k or 74.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-20.2M(-40.2%)

IMPORT GROWTH (February 2023 - February 2024)$21.1M(35.5%)

MAIN DESTINATION (February 2024)Thailand$9.57M

This section shows Fertilizers'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 Fertilizers over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$673M

IMPORTS (2022)$1.17B

NET TRADE (2022)-$500M

In 2022, South Korea exported $673M in Fertilizers. The main destinations of South Korea exports on Fertilizers were Thailand ($119M), India ($104M), Japan ($77.8M), Philippines ($60.9M), and Vietnam ($56.2M).

In 2022, South Korea imported $1.17B in Fertilizers, mainly from China ($368M), United States ($140M), Qatar ($139M), Israel ($123M), and Vietnam ($68.8M).

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