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2022
Exports $26.3MWorld Rnk 19 / 120
Flag Rnk 598 / 1204
2022
Destination $1.78M China
2021 - 2022
FASTEST GROWING MARKET $1.78MJapan
2022
PRODUCT COMPLEXITY IN Glycerol0.072Rnk 529 / 1025
2022
Imports $67.1MWorld Rnk 21 / 197
Flag Rnk 604 / 1213
2022
Origin $6.96M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $6.96MMalaysia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $26.3M in Glycerol, making it the 19th largest exporter of Glycerol in the world. At the same year, Glycerol was the 598th most exported product in South Korea. The main destination of Glycerol exports from South Korea are: China ($16.7M), Japan ($2.2M), Philippines ($1.43M), Turkey ($1.37M), and Thailand ($1.36M).

The fastest growing export markets for Glycerol of South Korea between 2021 and 2022 were Japan ($1.78M), Turkey ($1.37M), and Thailand ($1.04M).

Imports In 2022, South Korea imported $67.1M in Glycerol, becoming the 21st largest importer of Glycerol in the world. At the same year, Glycerol was the 604th most imported product in South Korea. South Korea imports Glycerol primarily from: Malaysia ($27.5M), Indonesia ($27.2M), Philippines ($4.06M), United States ($3.22M), and China ($2.5M).

The fastest growing import markets in Glycerol for South Korea between 2021 and 2022 were Malaysia ($6.96M), Indonesia ($4.29M), and Philippines ($3.26M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Glycerol exports accounted up to $800k and imports accounted up to $41k, resulting in a positive trade balance of $759k. Between July 2023 and July 2024 the exports of South Korea's   Glycerol have increased by $147k (22.5%) from $653k to $800k, while imports decreased by $-241k (-85.5%) from $282k to $41k.

Destinations In July 2024, Glycerol were exported mostly to China ($554k), Thailand ($239k), Indonesia ($7k), and India ($0), and were imported mostly from Indonesia ($31k), India ($10k), China ($0), and Thailand ($0).

Growth In July 2024, the increase in Glycerol's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Glycerol's year-by-year imports was explained primarily by a decrease in imports from United States ($-62k or -63.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$147k(22.5%)
IMPORT GROWTH (July 2023 - July 2024)$-241k(-85.5%)
MAIN DESTINATION (July 2024)China$554k

This section shows Glycerol'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 Glycerol over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.3M
IMPORTS (2022)$67.1M
NET TRADE (2022)-$40.8M

In 2022, South Korea exported $26.3M in Glycerol. The main destinations of South Korea exports on Glycerol were China ($16.7M), Japan ($2.2M), Philippines ($1.43M), Turkey ($1.37M), and Thailand ($1.36M).

In 2022, South Korea imported $67.1M in Glycerol, mainly from Malaysia ($27.5M), Indonesia ($27.2M), Philippines ($4.06M), United States ($3.22M), and China ($2.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glycerol EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$1.78M (428%)
Turkey$1.37M (32.9k%)
Thailand$1.04M (333%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glycerol BY South Korea WERE (2021 - 2022):
China-$2.61M (-13.5%)
India-$863k (-80.5%)
Bangladesh-$35.5k (-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 Glycerol were:
Indonesia $1.58B
Malaysia $652M
Germany $577M
In 2022, South Korea's main importing competitors in Glycerol were:
China $1.34B
United States $388M
Netherlands $368M

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Trade Value of Glycerol by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.87M
TOP IMPORT POTENTIALIndonesia+ $1.13M

Glycerol’s highest export potential is China. With an export gap of $2.87M.   Glycerol’s highest import potential is Indonesia with an import gap of $1.13M.

See methodology.

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