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2022
Exports $938MWorld Rnk 14 / 156
Flag Rnk 106 / 1204
2022
Destination $21.4M China
2021 - 2022
FASTEST GROWING MARKET $21.4MNetherlands
2022
PRODUCT COMPLEXITY IN Acyclic Alcohols-0.29Rnk 645 / 1025
2022
Imports $1.93BWorld Rnk 5 / 207
Flag Rnk 48 / 1213
2022
Origin $85.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $85.9MTrinidad and Tobago
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $938M in Acyclic Alcohols, making it the 14th largest exporter of Acyclic Alcohols in the world. At the same year, Acyclic Alcohols was the 106th most exported product in South Korea. The main destination of Acyclic Alcohols exports from South Korea are: China ($243M), Vietnam ($96.9M), Turkey ($70.6M), United States ($68.3M), and India ($45.5M).

The fastest growing export markets for Acyclic Alcohols of South Korea between 2021 and 2022 were Netherlands ($21.4M), United Arab Emirates ($9.88M), and Germany ($9.39M).

Imports In 2022, South Korea imported $1.93B in Acyclic Alcohols, becoming the 5th largest importer of Acyclic Alcohols in the world. At the same year, Acyclic Alcohols was the 48th most imported product in South Korea. South Korea imports Acyclic Alcohols primarily from: United States ($390M), Saudi Arabia ($279M), Trinidad and Tobago ($275M), China ($190M), and Chinese Taipei ($152M).

The fastest growing import markets in Acyclic Alcohols for South Korea between 2021 and 2022 were Trinidad and Tobago ($85.9M), Chile ($29.1M), and Indonesia ($14M).

COMPANIES In 2023, leading companies such as LG Electronics (817), Samsung (23), and Mahle Behr (10) were at the forefront of shipping Acyclic Alcohols from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Acyclic Alcohols exports accounted up to $61.1M and imports accounted up to $121M, resulting in a negative trade balance of $60.1M. Between October 2023 and October 2024 the exports of South Korea's   Acyclic Alcohols have increased by $407k (0.67%) from $60.7M to $61.1M, while imports increased by $2.49M (2.1%) from $119M to $121M.

Destinations In October 2024, Acyclic Alcohols were exported mostly to China ($22.6M), India ($8.3M), United States ($5.23M), Japan ($3.75M), and Indonesia ($2.56M), and were imported mostly from United States ($24.6M), China ($16.1M), Saudi Arabia ($15.5M), Trinidad and Tobago ($13.1M), and Malaysia ($7.66M).

Growth In October 2024, the increase in Acyclic Alcohols's year-by-year exports was explained primarily by an increase in exports to Italy ($3.27M or 191%), Spain ($430k or 147%), and Slovenia ($275k or 382%). In October 2024, the increase in Acyclic Alcohols's year-by-year imports was explained primarily by an increase in imports from Trinidad and Tobago ($5.09M or 37.1%), Singapore ($4.35M or 104%), and Canada ($3.73M or 37.3k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$407k(0.67%)
IMPORT GROWTH (October 2023 - October 2024)$2.49M(2.1%)
MAIN DESTINATION (October 2024)China$22.6M

This section shows Acyclic Alcohols'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 Acyclic Alcohols over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$938M
IMPORTS (2022)$1.93B
NET TRADE (2022)-$988M

In 2022, South Korea exported $938M in Acyclic Alcohols. The main destinations of South Korea exports on Acyclic Alcohols were China ($243M), Vietnam ($96.9M), Turkey ($70.6M), United States ($68.3M), and India ($45.5M).

In 2022, South Korea imported $1.93B in Acyclic Alcohols, mainly from United States ($390M), Saudi Arabia ($279M), Trinidad and Tobago ($275M), China ($190M), and Chinese Taipei ($152M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Acyclic Alcohols EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Netherlands$21.4M (190%)
United Arab Emirates$9.88M (97.4%)
Germany$9.39M (206%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Acyclic Alcohols BY South Korea WERE (2021 - 2022):
China-$130M (-34.9%)
Belgium-$30.2M (-46.8%)
India-$29.5M (-39.3%)
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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 Acyclic Alcohols were:
Saudi Arabia $6.19B
United States $5.02B
Germany $3.05B
In 2022, South Korea's main importing competitors in Acyclic Alcohols were:
China $8.76B
India $3.73B
United States $2.3B

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Trade Value of Acyclic Alcohols by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $94.1M
TOP IMPORT POTENTIALSaudi Arabia+ $87.3M

Acyclic Alcohols’s highest export potential is China. With an export gap of $94.1M.   Acyclic Alcohols’s highest import potential is Saudi Arabia with an import gap of $87.3M.

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