HS Icon Ethylene Polymers in  Flag South Korea

2020
Exports | Imports
: $4.07B | $629M, World Rnk 4 / 160
Flag Rnk 23 / 1207 | World Rnk 25 / 207
Flag Rnk 137 / 1211

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $145M | $35.5M, China |  United States

2020
ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127

2020
PRODUCT COMPLEXITY  IN Ethylene Polymers
: 0.025, Rnk 543 / 1029

Exports In 2020, South Korea exported $4.07B in Ethylene Polymers, making it the 4th largest exporter of Ethylene Polymers in the world. At the same year, Ethylene Polymers was the 23rd most exported product in South Korea. The main destination of Ethylene Polymers exports from South Korea are: China ($2.37B), Vietnam ($307M), India ($191M), Turkey ($118M), and United States ($73.9M).

The fastest growing export markets for Ethylene Polymers of South Korea between 2019 and 2020 were China ($145M), Vietnam ($41.9M), and Nigeria ($10.5M).

Imports In 2020, South Korea imported $629M in Ethylene Polymers, becoming the 25th largest importer of Ethylene Polymers in the world. At the same year, Ethylene Polymers was the 137th most imported product in South Korea. South Korea imports Ethylene Polymers primarily from: United States ($243M), Japan ($67.7M), Saudi Arabia ($57.3M), China ($45.5M), and Malaysia ($31M).

The fastest growing import markets in Ethylene Polymers for South Korea between 2019 and 2020 were United States ($35.5M), Belgium ($9.12M), and Germany ($5.84M).

Tariffs In 2018, the average tariff for South Korea in Ethylene Polymers was 4.17%. The countries with the highest import tariffs for Ethylene Polymers were Botswana (Most Favoured Nation duty rate treatement, 6.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 6.5%), Cameroon (Most Favoured Nation duty rate treatement, 6.5%), Republic of the Congo (Most Favoured Nation duty rate treatement, 6.5%), and Cape Verde (Most Favoured Nation duty rate treatement, 6.5%).

Subnational Monthly Trade

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Time Scale
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Value

EXPORT GROWTH (December 2021 - December 2022): $-146M, (-24.3%)

IMPORT GROWTH (December 2021 - December 2022): $-5.3M, (-10.4%)

MAIN DESTINATION (December 2022): China, $238M

This section shows Ethylene 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 Ethylene Polymers over time.

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Historical Data

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EXPORTS (2020): $4.07B

IMPORTS (2020): $629M

NET TRADE (2020): $3.44B

In 2020, South Korea exported $4.07B in Ethylene Polymers. The main destinations of South Korea exports on Ethylene Polymers were China ($2.37B), Vietnam ($307M), India ($191M), Turkey ($118M), and United States ($73.9M).

In 2020, South Korea imported $629M in Ethylene Polymers, mainly from United States ($243M), Japan ($67.7M), Saudi Arabia ($57.3M), China ($45.5M), and Malaysia ($31M).

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Flow

THE FASTEST GROWING Ethylene Polymers EXPORT MARKETS FOR South Korea WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ethylene Polymers BY South Korea WERE (2019 - 2020):

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Market Concentration

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In 2020, South Korea's main exporting competitors in Ethylene Polymers were:

In 2020, South Korea's main importing competitors in Ethylene Polymers were:

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