Ammonia in South Korea 2021 Exports | Imports : $23.1M | $746M, World Rnk 30 / 104 Rnk 620 / 1206 | World Rnk 3 / 190 Rnk 138 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $6.41M | $163M, Japan | Indonesia
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Ammonia: -1.27, Rnk 898 / 1024
Exports In 2021, South Korea exported $23.1M in Ammonia, making it the 30th largest exporter of Ammonia in the world. At the same year, Ammonia was the 620th most exported product in South Korea. The main destination of Ammonia exports from South Korea are: Japan ($11.4M), China ($7.53M), United States ($2.53M), Malaysia ($783k), and Belgium ($161k).
The fastest growing export markets for Ammonia of South Korea between 2020 and 2021 were Japan ($6.41M), China ($699k), and Malaysia ($202k).
Imports In 2021, South Korea imported $746M in Ammonia, becoming the 3rd largest importer of Ammonia in the world. At the same year, Ammonia was the 138th most imported product in South Korea. South Korea imports Ammonia primarily from: Indonesia ($283M), Saudi Arabia ($178M), Trinidad and Tobago ($102M), Malaysia ($38.6M), and Egypt ($32.7M).
The fastest growing import markets in Ammonia for South Korea between 2020 and 2021 were Indonesia ($163M), Trinidad and Tobago ($102M), and Egypt ($29.6M).
June 2023
Overview In June 2023 South Korea's Ammonia exports accounted up to $884k and imports accounted up to $32.8M, resulting in a negative trade balance of $31.9M. Between June 2022 and June 2023 the exports of South Korea's Ammonia have decreased by $-5.06M (-85.1%) from $5.94M to $884k, while imports decreased by $-32.9M (-50.1%) from $65.7M to $32.8M.
Destinations In June 2023, Ammonia were exported mostly to China ($497k), United States ($217k), Singapore ($63k), Malaysia ($39k), and Belgium ($32k), and were imported mostly from Saudi Arabia ($22.6M), Indonesia ($7.15M), Australia ($3.04M), Japan ($20k), and United States ($4k).
Growth In June 2023, the decrease in Ammonia's year-by-year exports was explained primarily by a decrease in exports to China ($-104k or -14.1%), Vietnam ($-3k or -100%), and Singapore ($-2k or -40%). In June 2023, the decrease in Ammonia's year-by-year imports was explained primarily by a decrease in imports from Germany ($-13k or -81.3%) and Spain ($-6k or -100%).
EXPORT GROWTH (June 2022 - June 2023): $-5.06M, (-85.1%)
IMPORT GROWTH (June 2022 - June 2023): $-32.9M, (-50.1%)
MAIN DESTINATION (June 2023): China, $497k
This section shows Ammonia'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 Ammonia over time.
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EXPORTS (2021): $23.1M
IMPORTS (2021): $746M
NET TRADE (2021): -$723M
In 2021, South Korea exported $23.1M in Ammonia. The main destinations of South Korea exports on Ammonia were Japan ($11.4M), China ($7.53M), United States ($2.53M), Malaysia ($783k), and Belgium ($161k).
In 2021, South Korea imported $746M in Ammonia, mainly from Indonesia ($283M), Saudi Arabia ($178M), Trinidad and Tobago ($102M), Malaysia ($38.6M), and Egypt ($32.7M).
THE FASTEST GROWING Ammonia EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ammonia BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Ammonia were:
In 2021, South Korea's main importing competitors in Ammonia were:
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