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2022
Exports $489kWorld Rnk 52 / 125
Flag Rnk 1041 / 1204
2022
Destination $72.5k Vietnam
2021 - 2022
FASTEST GROWING MARKET $72.5kChinese Taipei
2022
PRODUCT COMPLEXITY IN Aldehydes0.96Rnk 186 / 1025
2022
Imports $48.1MWorld Rnk 17 / 193
Flag Rnk 674 / 1213
2022
Origin $2.24M China
2021 - 2022
FASTEST GROWING ORIGIN $2.24MSpain
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $489k in Aldehydes, making it the 52nd largest exporter of Aldehydes in the world. At the same year, Aldehydes was the 1041st most exported product in South Korea. The main destination of Aldehydes exports from South Korea are: Vietnam ($120k), India ($94.4k), Chinese Taipei ($93.2k), China ($62.6k), and Rwanda ($45.6k).

The fastest growing export markets for Aldehydes of South Korea between 2021 and 2022 were Chinese Taipei ($72.5k), India ($54.4k), and Vietnam ($50k).

Imports In 2022, South Korea imported $48.1M in Aldehydes, becoming the 17th largest importer of Aldehydes in the world. At the same year, Aldehydes was the 674th most imported product in South Korea. South Korea imports Aldehydes primarily from: China ($19.3M), Chinese Taipei ($8.76M), Spain ($5.65M), United States ($2.68M), and India ($2.22M).

The fastest growing import markets in Aldehydes for South Korea between 2021 and 2022 were Spain ($2.24M), China ($987k), and Singapore ($354k).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (16), LG Electronics (1), and Volvo (1) were at the forefront of shipping Aldehydes from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Aldehydes exports accounted up to $26k and imports accounted up to $2.42M, resulting in a negative trade balance of $2.4M. Between October 2023 and October 2024 the exports of South Korea's   Aldehydes have decreased by $-1.42M (-98.2%) from $1.45M to $26k, while imports decreased by $-1.02M (-29.6%) from $3.44M to $2.42M.

Destinations In October 2024, Aldehydes were exported mostly to Vietnam ($22k), Chinese Taipei ($3k), Thailand ($1k), Antarctica ($0), and China ($0), and were imported mostly from China ($1.01M), Spain ($402k), Indonesia ($233k), Chinese Taipei ($205k), and United States ($157k).

Growth In October 2024, the decrease in Aldehydes's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-1k or -100%) and Chinese Taipei ($-1k or -16.7%). In October 2024, the decrease in Aldehydes's year-by-year imports was explained primarily by a decrease in imports from Spain ($-343k or -65.3%), Chinese Taipei ($-242k or -40.1%), and Netherlands ($-213k or -73.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-1.42M(-98.2%)
IMPORT GROWTH (October 2023 - October 2024)$-1.02M(-29.6%)
MAIN DESTINATION (October 2024)Vietnam$22k

This section shows Aldehydes'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 Aldehydes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$489k
IMPORTS (2022)$48.1M
NET TRADE (2022)-$47.6M

In 2022, South Korea exported $489k in Aldehydes. The main destinations of South Korea exports on Aldehydes were Vietnam ($120k), India ($94.4k), Chinese Taipei ($93.2k), China ($62.6k), and Rwanda ($45.6k).

In 2022, South Korea imported $48.1M in Aldehydes, mainly from China ($19.3M), Chinese Taipei ($8.76M), Spain ($5.65M), United States ($2.68M), and India ($2.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aldehydes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$72.5k (349%)
India$54.4k (136%)
Vietnam$50k (71.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aldehydes BY South Korea WERE (2021 - 2022):
China-$2.77M (-97.8%)
United States-$674k (-99.9%)
Russia-$40k (-100%)
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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 Aldehydes were:
China $818M
Germany $346M
United States $283M
In 2022, South Korea's main importing competitors in Aldehydes were:
United States $432M
Germany $289M
India $209M

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Trade Value of Aldehydes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $104k
TOP IMPORT POTENTIALChina+ $4.85M

Aldehydes’s highest export potential is China. With an export gap of $104k.   Aldehydes’s highest import potential is China with an import gap of $4.85M.

See methodology.

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