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2022
Exports $33.5MWorld Rnk 26 / 110
Flag Rnk 555 / 1204
2022
Destination $2.23M Austria
2021 - 2022
FASTEST GROWING MARKET $2.23MAustria
2022
PRODUCT COMPLEXITY IN Hormones0.61Rnk 317 / 1025
2022
Imports $76.3MWorld Rnk 20 / 188
Flag Rnk 568 / 1213
2022
Origin $5.61M China
2021 - 2022
FASTEST GROWING ORIGIN $5.61MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $33.5M in Hormones, making it the 26th largest exporter of Hormones in the world. At the same year, Hormones was the 555th most exported product in South Korea. The main destination of Hormones exports from South Korea are: Austria ($7.78M), Japan ($5.97M), United States ($2.57M), Mexico ($2.29M), and Romania ($2.17M).

The fastest growing export markets for Hormones of South Korea between 2021 and 2022 were Austria ($2.23M), Kuwait ($1.51M), and United States ($1.41M).

Imports In 2022, South Korea imported $76.3M in Hormones, becoming the 20th largest importer of Hormones in the world. At the same year, Hormones was the 568th most imported product in South Korea. South Korea imports Hormones primarily from: China ($26.9M), Japan ($9.34M), India ($7.85M), Italy ($6.23M), and United States ($4.06M).

The fastest growing import markets in Hormones for South Korea between 2021 and 2022 were Japan ($5.61M), China ($3.37M), and India ($1.03M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Hormones exports accounted up to $4.65M and imports accounted up to $5.84M, resulting in a negative trade balance of $1.19M. Between July 2023 and July 2024 the exports of South Korea's   Hormones have decreased by $-508k (-9.84%) from $5.16M to $4.65M, while imports decreased by $-2.36M (-28.8%) from $8.2M to $5.84M.

Destinations In July 2024, Hormones were exported mostly to Japan ($1.26M), Croatia ($1.26M), Mexico ($378k), Greece ($344k), and Romania ($302k), and were imported mostly from China ($1.61M), India ($1.01M), Hungary ($695k), Italy ($597k), and Japan ($583k).

Growth In July 2024, the decrease in Hormones's year-by-year exports was explained primarily by a decrease in exports to Spain ($-48k or -72.7%), France ($-23k or -100%), and Thailand ($-7k or -58.3%). In July 2024, the decrease in Hormones's year-by-year imports was explained primarily by a decrease in imports from Denmark ($-980k or -100%), Hungary ($-964k or -100%), and Indonesia ($-767k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-508k(-9.84%)
IMPORT GROWTH (July 2023 - July 2024)$-2.36M(-28.8%)
MAIN DESTINATION (July 2024)Japan$1.26M

This section shows Hormones'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 Hormones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$33.5M
IMPORTS (2022)$76.3M
NET TRADE (2022)-$42.8M

In 2022, South Korea exported $33.5M in Hormones. The main destinations of South Korea exports on Hormones were Austria ($7.78M), Japan ($5.97M), United States ($2.57M), Mexico ($2.29M), and Romania ($2.17M).

In 2022, South Korea imported $76.3M in Hormones, mainly from China ($26.9M), Japan ($9.34M), India ($7.85M), Italy ($6.23M), and United States ($4.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hormones EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Austria$2.23M (40.3%)
Kuwait$1.51M (1%)
United States$1.41M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hormones BY South Korea WERE (2021 - 2022):
Croatia-$3.64M (-84.2%)
Iran-$1.86M (-100%)
Japan-$1.79M (-23.1%)
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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 Hormones were:
Ireland $7.02B
Switzerland $2.8B
United States $2.79B
In 2022, South Korea's main importing competitors in Hormones were:
United States $6.4B
Austria $2.81B
Italy $2.73B

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Trade Value of Hormones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.63M
TOP IMPORT POTENTIALChina+ $6.51M

Hormones’s highest export potential is United States. With an export gap of $3.63M.   Hormones’s highest import potential is China with an import gap of $6.51M.

See methodology.

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