Halides in South Korea 2021 Exports | Imports : $217M | $96.8M, World Rnk 1 / 68 Rnk 255 / 1206 | World Rnk 3 / 157 Rnk 516 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $11M | $19.4M, Singapore | China
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Halides: 1.71, Rnk 24 / 1029
Exports In 2021, South Korea exported $217M in Halides, making it the 1st largest exporter of Halides in the world. At the same year, Halides was the 255th most exported product in South Korea. The main destination of Halides exports from South Korea are: Chinese Taipei ($79.1M), China ($50.8M), Japan ($33.2M), Singapore ($31.9M), and United States ($12.5M).
The fastest growing export markets for Halides of South Korea between 2020 and 2021 were Singapore ($11M), China ($3.36M), and United States ($2.64M).
Imports In 2021, South Korea imported $96.8M in Halides, becoming the 3rd largest importer of Halides in the world. At the same year, Halides was the 516th most imported product in South Korea. South Korea imports Halides primarily from: China ($39.5M), Japan ($32.7M), United States ($9.68M), India ($5.53M), and Germany ($4.98M).
The fastest growing import markets in Halides for South Korea between 2020 and 2021 were China ($19.4M), India ($3.04M), and Germany ($704k).
Tariffs In 2018, the average tariff for South Korea in Halides was 3.2%. The countries with the highest import tariffs for Halides were Sri Lanka (Most Favoured Nation duty rate treatment, 5.5%), Botswana (Most Favoured Nation duty rate treatment, 5.14%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 5.14%), Cameroon (Most Favoured Nation duty rate treatment, 5.14%), and Republic of the Congo (Most Favoured Nation duty rate treatment, 5.14%).
Overview In February 2023 South Korea's Halides exports accounted up to $15.3M and imports accounted up to $10.7M, resulting in a positive trade balance of $4.67M. Between February 2022 and February 2023 the exports of South Korea's Halides have decreased by $-3.55M (-18.8%) from $18.9M to $15.3M, while imports increased by $708k (7.12%) from $9.95M to $10.7M.
Destinations In February 2023, Halides were exported mostly to Chinese Taipei ($4.8M), Singapore ($3.28M), China ($3.12M), Japan ($2.53M), and United States ($1.02M), and were imported mostly from Japan ($3.85M), China ($3.25M), United States ($1.77M), Germany ($930k), and India ($428k).
Growth In February 2023, the decrease in Halides's year-by-year exports was explained primarily by a decrease in exports to China ($-1.08M or -20.8%), France ($-48k or -22.3%), and Thailand ($-23k or -22.3%). In February 2023, the increase in Halides's year-by-year imports was explained primarily by an increase in imports from China ($3.01M or 84%), India ($1.03M or 490%), and Germany ($469k or 93.2%).
EXPORT GROWTH (February 2022 - February 2023): $-3.55M, (-18.8%)
IMPORT GROWTH (February 2022 - February 2023): $708k, (7.12%)
MAIN DESTINATION (February 2023): Chinese Taipei, $4.8M
This section shows Halides'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 Halides over time.
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EXPORTS (2021): $217M
IMPORTS (2021): $96.8M
NET TRADE (2021): $120M
In 2021, South Korea exported $217M in Halides. The main destinations of South Korea exports on Halides were Chinese Taipei ($79.1M), China ($50.8M), Japan ($33.2M), Singapore ($31.9M), and United States ($12.5M).
In 2021, South Korea imported $96.8M in Halides, mainly from China ($39.5M), Japan ($32.7M), United States ($9.68M), India ($5.53M), and Germany ($4.98M).
THE FASTEST GROWING Halides EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Halides BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main importing competitors in Halides were:
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