Glues, starches, & albuminoid products in South Korea 2021 Exports | Imports : $925M | $927M, World Rnk 12 / 204 Rnk 43 / 96 | World Rnk 13 / 226 Rnk 59 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $90.4M | $39.3M, Vietnam | United States
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Glues, starches, & albuminoid products: 1.13, Rnk 119 / 1024
Exports In 2021, South Korea exported $925M in Glues, starches, & albuminoid products, making it the 12th largest exporter of Glues, starches, & albuminoid products in the world. At the same year, Glues, starches, & albuminoid products was the 43rd most exported product in South Korea. The main destination of Glues, starches, & albuminoid products exports from South Korea are: China ($299M), Vietnam ($188M), United States ($92M), Poland ($40.1M), and Thailand ($35.1M).
The fastest growing export markets for Glues, starches, & albuminoid products of South Korea between 2020 and 2021 were Vietnam ($90.4M), China ($50M), and United States ($18.7M).
Imports In 2021, South Korea imported $927M in Glues, starches, & albuminoid products, becoming the 13th largest importer of Glues, starches, & albuminoid products in the world. At the same year, Glues, starches, & albuminoid products was the 59th most imported product in South Korea. South Korea imports Glues, starches, & albuminoid products primarily from: China ($164M), United States ($156M), Japan ($131M), Germany ($76.9M), and Thailand ($74.6M).
The fastest growing import markets in Glues, starches, & albuminoid products for South Korea between 2020 and 2021 were United States ($39.3M), New Zealand ($36.6M), and China ($17.4M).
June 2023
Overview In June 2023 South Korea's Glues, starches, & albuminoid products exports accounted up to $101M and imports accounted up to $84.3M, resulting in a positive trade balance of $16.3M. Between June 2022 and June 2023 the exports of South Korea's Glues, starches, & albuminoid products have increased by $26.1M (35%) from $74.5M to $101M, while imports decreased by $-14.2M (-14.4%) from $98.5M to $84.3M.
Destinations In June 2023, Glues, starches, & albuminoid products were exported mostly to China ($21.4M), Switzerland ($20.9M), Vietnam ($19.3M), United States ($9.82M), and Thailand ($4.18M), and were imported mostly from United States ($14.1M), China ($13.8M), Japan ($9.44M), Germany ($7.49M), and Thailand ($6.96M).
Growth In June 2023, the increase in Glues, starches, & albuminoid products's year-by-year exports was explained primarily by an increase in exports to United States ($2.75M or 37.2%), India ($1.6M or 110%), and Hong Kong ($960k or 50.2%). In June 2023, the decrease in Glues, starches, & albuminoid products's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.9M or -13%), Belgium ($-333k or -47.7%), and Canada ($-177k or -49.7%).
EXPORT GROWTH (June 2022 - June 2023): $26.1M, (35%)
IMPORT GROWTH (June 2022 - June 2023): $-14.2M, (-14.4%)
MAIN DESTINATION (June 2023): China, $21.4M
This section shows Glues, starches, & albuminoid products'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 Glues, starches, & albuminoid products over time.
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EXPORTS (2021): $925M
IMPORTS (2021): $927M
NET TRADE (2021): -$2.4M
In 2021, South Korea exported $925M in Glues, starches, & albuminoid products. The main destinations of South Korea exports on Glues, starches, & albuminoid products were China ($299M), Vietnam ($188M), United States ($92M), Poland ($40.1M), and Thailand ($35.1M).
In 2021, South Korea imported $927M in Glues, starches, & albuminoid products, mainly from China ($164M), United States ($156M), Japan ($131M), Germany ($76.9M), and Thailand ($74.6M).
THE FASTEST GROWING Glues, starches, & albuminoid products EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glues, starches, & albuminoid products BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Glues, starches, & albuminoid products were:
In 2021, South Korea's main importing competitors in Glues, starches, & albuminoid products were:
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