Glues, starches, & albuminoid products in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $819M in Glues, starches, & albuminoid products, making it the 15th largest exporter of Glues, starches, & albuminoid products in the world. At the same year, Glues, starches, & albuminoid products was the 46th most exported product in South Korea. The main destination of Glues, starches, & albuminoid products exports from South Korea are: China ($242M), Vietnam ($130M), United States ($103M), Poland ($33.1M), and India ($26.6M).

The fastest growing export markets for Glues, starches, & albuminoid products of South Korea between 2021 and 2022 were United States ($10.8M), India ($6.32M), and Mexico ($4.34M).

Imports In 2022, South Korea imported $1.01B in Glues, starches, & albuminoid products, becoming the 12th largest importer of Glues, starches, & albuminoid products in the world. At the same year, Glues, starches, & albuminoid products was the 58th most imported product in South Korea. South Korea imports Glues, starches, & albuminoid products primarily from: United States ($210M), China ($162M), Japan ($125M), Thailand ($86.6M), and Germany ($79.2M).

The fastest growing import markets in Glues, starches, & albuminoid products for South Korea between 2021 and 2022 were United States ($54M), New Zealand ($21.4M), and Thailand ($11.8M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (98) and BARRY CALLEBAUT USA LLC (52) were at the forefront of shipping Glues, starches, & albuminoid products from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Glues, starches, & albuminoid products exports accounted up to $73.7M and imports accounted up to $69M, resulting in a positive trade balance of $4.7M. Between February 2023 and February 2024 the exports of South Korea's Glues, starches, & albuminoid products have increased by $3.39M (4.82%) from $70.3M to $73.7M, while imports decreased by $-10.3M (-13%) from $79.3M to $69M.

Destinations In February 2024, Glues, starches, & albuminoid products were exported mostly to China ($18.5M), Vietnam ($17M), United States ($10.3M), Thailand ($2.32M), and Hong Kong ($2.3M), and were imported mostly from Japan ($12.1M), United States ($10.7M), China ($8.08M), Germany ($6.84M), and Thailand ($5.09M).

Growth In February 2024, the increase in Glues, starches, & albuminoid products's year-by-year exports was explained primarily by an increase in exports to Poland ($1.36M or 45.4%), Mexico ($1.26M or 437%), and Philippines ($902k or 61.7%). In February 2024, the decrease in Glues, starches, & albuminoid products's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-3.14M or -46%), New Zealand ($-2.99M or -35.9%), and Germany ($-1.67M or -26.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$3.39M(4.82%)

IMPORT GROWTH (February 2023 - February 2024)$-10.3M(-13%)

MAIN DESTINATION (February 2024)China$18.5M

This section shows Glues, starches, & albuminoid products'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 Glues, starches, & albuminoid products over time.

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