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2022
Exports $2.11BWorld Rnk 2 / 164
Flag Rnk 52 / 1204
2022
Destination $83.1M China
2021 - 2022
FASTEST GROWING MARKET $83.1MTurkey
2022
PRODUCT COMPLEXITY IN Acrylic Polymers1.24Rnk 101 / 1025
2022
Imports $250MWorld Rnk 24 / 213
Flag Rnk 306 / 1213
2022
Origin $2.31M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.31MChinese Taipei
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.11B in Acrylic Polymers, making it the 2nd largest exporter of Acrylic Polymers in the world. At the same year, Acrylic Polymers was the 52nd most exported product in South Korea. The main destination of Acrylic Polymers exports from South Korea are: China ($701M), Turkey ($163M), United States ($150M), India ($86.6M), and Vietnam ($82.7M).

The fastest growing export markets for Acrylic Polymers of South Korea between 2021 and 2022 were Turkey ($83.1M), Brazil ($12.2M), and Mexico ($11.3M).

Imports In 2022, South Korea imported $250M in Acrylic Polymers, becoming the 24th largest importer of Acrylic Polymers in the world. At the same year, Acrylic Polymers was the 306th most imported product in South Korea. South Korea imports Acrylic Polymers primarily from: Japan ($88.3M), China ($42.6M), United States ($41.5M), Germany ($13.9M), and Chinese Taipei ($13.1M).

The fastest growing import markets in Acrylic Polymers for South Korea between 2021 and 2022 were Chinese Taipei ($2.31M), Spain ($870k), and Thailand ($832k).

COMPANIES In 2023, leading companies such as Porven (7) and LG Electronics (2) were at the forefront of shipping Acrylic Polymers from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Acrylic Polymers exports accounted up to $169M and imports accounted up to $23.6M, resulting in a positive trade balance of $145M. Between October 2023 and October 2024 the exports of South Korea's   Acrylic Polymers have increased by $16.2M (10.6%) from $152M to $169M, while imports increased by $4.68M (24.7%) from $18.9M to $23.6M.

Destinations In October 2024, Acrylic Polymers were exported mostly to China ($69M), Turkey ($13.8M), United States ($7.86M), India ($7.7M), and Vietnam ($6.25M), and were imported mostly from Japan ($7.59M), United States ($5.24M), China ($3.74M), Chinese Taipei ($1.28M), and Germany ($1.21M).

Growth In October 2024, the increase in Acrylic Polymers's year-by-year exports was explained primarily by an increase in exports to Germany ($2.46M or 42.7%), Canada ($2.4M or 805%), and Brazil ($1.95M or 55.8%). In October 2024, the increase in Acrylic Polymers's year-by-year imports was explained primarily by an increase in imports from United States ($1.74M or 51.4%), China ($250k or 8.22%), and Thailand ($230k or 150%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$16.2M(10.6%)
IMPORT GROWTH (October 2023 - October 2024)$4.68M(24.7%)
MAIN DESTINATION (October 2024)China$69M

This section shows Acrylic Polymers'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 Acrylic Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.11B
IMPORTS (2022)$250M
NET TRADE (2022)$1.86B

In 2022, South Korea exported $2.11B in Acrylic Polymers. The main destinations of South Korea exports on Acrylic Polymers were China ($701M), Turkey ($163M), United States ($150M), India ($86.6M), and Vietnam ($82.7M).

In 2022, South Korea imported $250M in Acrylic Polymers, mainly from Japan ($88.3M), China ($42.6M), United States ($41.5M), Germany ($13.9M), and Chinese Taipei ($13.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Acrylic Polymers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Turkey$83.1M (104%)
Brazil$12.2M (22.5%)
Mexico$11.3M (24.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Acrylic Polymers BY South Korea WERE (2021 - 2022):
China-$73.1M (-9.45%)
Hong Kong-$30.1M (-77.6%)
Germany-$13.6M (-19%)
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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 Acrylic Polymers were:
Germany $2.92B
China $2.07B
In 2022, South Korea's main importing competitors in Acrylic Polymers were:
China $2.3B
United States $1.43B
Germany $1.39B

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Trade Value of Acrylic Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $27.4M
TOP IMPORT POTENTIALChina+ $20.2M

Acrylic Polymers’s highest export potential is India. With an export gap of $27.4M.   Acrylic Polymers’s highest import potential is China with an import gap of $20.2M.

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