2022
Exports
$673MWorld Rnk 36 / 175
Flag Rnk 49 / 96
2022
PRODUCT COMPLEXITY IN Fertilizers
-0.82Rnk 785 / 1025
2022
Imports
$1.17BWorld Rnk 27 / 223
Flag Rnk 53 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $673M in Fertilizers, making it the 36th largest exporter of Fertilizers in the world. At the same year, Fertilizers was the 49th most exported product in South Korea. The main destination of Fertilizers exports from South Korea are: Thailand ($119M), India ($104M), Japan ($77.8M), Philippines ($60.9M), and Vietnam ($56.2M).

The fastest growing export markets for Fertilizers of South Korea between 2021 and 2022 were India ($85.4M), Japan ($24.9M), and Thailand ($24.3M).

Imports In 2022, South Korea imported $1.17B in Fertilizers, becoming the 27th largest importer of Fertilizers in the world. At the same year, Fertilizers was the 53rd most imported product in South Korea. South Korea imports Fertilizers primarily from: China ($368M), United States ($140M), Qatar ($139M), Israel ($123M), and Vietnam ($68.8M).

The fastest growing import markets in Fertilizers for South Korea between 2021 and 2022 were Qatar ($120M), Israel ($108M), and Saudi Arabia ($37.8M).

COMPANIES In 2023, leading companies such as Electrolux (1), Samsung (1), and LG Electronics (1) were at the forefront of shipping Fertilizers from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$8.12M(32.8%)
IMPORT GROWTH (September 2023 - September 2024)$2.2M(4.8%)
MAIN DESTINATION (September 2024)Thailand$10.9M

This section shows Fertilizers'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 Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$673M
IMPORTS (2022)$1.17B
NET TRADE (2022)-$500M

In 2022, South Korea exported $673M in Fertilizers. The main destinations of South Korea exports on Fertilizers were Thailand ($119M), India ($104M), Japan ($77.8M), Philippines ($60.9M), and Vietnam ($56.2M).

In 2022, South Korea imported $1.17B in Fertilizers, mainly from China ($368M), United States ($140M), Qatar ($139M), Israel ($123M), and Vietnam ($68.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fertilizers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$85.4M (464%)
Japan$24.9M (47.2%)
Thailand$24.3M (25.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fertilizers BY South Korea WERE (2021 - 2022):
Turkey-$15.5M (-99.9%)
Brazil-$14.2M (-47%)
New Zealand-$10.8M (-34.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Fertilizers were:
Russia $18.7B
Canada $14.5B
China $12.7B
In 2022, South Korea's main importing competitors in Fertilizers were:

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Trade Value of Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $41.6M
TOP IMPORT POTENTIALChina+ $71.3M

Fertilizers’s highest export potential is India. With an export gap of $41.6M.   Fertilizers’s highest import potential is China with an import gap of $71.3M.

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