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2022
Exports $346MWorld Rnk 14 / 165
Flag Rnk 198 / 1204
2022
Destination $56.9M China
2021 - 2022
FASTEST GROWING MARKET $56.9MChina
2022
PRODUCT COMPLEXITY IN Hydrogen0.11Rnk 521 / 1025
2022
Imports $1.51BWorld Rnk 4 / 213
Flag Rnk 71 / 1213
2022
Origin $479M China
2021 - 2022
FASTEST GROWING ORIGIN $479MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $346M in Hydrogen, making it the 14th largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 198th most exported product in South Korea. The main destination of Hydrogen exports from South Korea are: China ($205M), Japan ($34.8M), Singapore ($21.1M), United States ($15.4M), and Chinese Taipei ($14.1M).

The fastest growing export markets for Hydrogen of South Korea between 2021 and 2022 were China ($56.9M), Japan ($21M), and Singapore ($18.3M).

Imports In 2022, South Korea imported $1.51B in Hydrogen, becoming the 4th largest importer of Hydrogen in the world. At the same year, Hydrogen was the 71st most imported product in South Korea. South Korea imports Hydrogen primarily from: China ($805M), United States ($197M), Qatar ($134M), Vietnam ($93.7M), and Russia ($84.8M).

The fastest growing import markets in Hydrogen for South Korea between 2021 and 2022 were China ($479M), Russia ($68.3M), and Vietnam ($52.2M).

COMPANIES In 2023, leading companies such as Samsung (9), Amazon (3), and LG Electronics (2) were at the forefront of shipping Hydrogen from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Hydrogen exports accounted up to $10.2M and imports accounted up to $59.1M, resulting in a negative trade balance of $48.9M. Between September 2023 and September 2024 the exports of South Korea's   Hydrogen have increased by $1.88M (22.5%) from $8.35M to $10.2M, while imports increased by $4.69M (8.62%) from $54.4M to $59.1M.

Destinations In September 2024, Hydrogen were exported mostly to China ($2.28M), Japan ($1.8M), United States ($1.43M), Canada ($1.14M), and Vietnam ($653k), and were imported mostly from China ($16.2M), United States ($13.1M), Qatar ($13M), Vietnam ($5.28M), and Japan ($5.06M).

Growth In September 2024, the increase in Hydrogen's year-by-year exports was explained primarily by an increase in exports to China ($4.01M or 26.3%), Hong Kong ($1.9M or 781%), and United States ($918k or 1.09k%). In September 2024, the increase in Hydrogen's year-by-year imports was explained primarily by an increase in imports from China ($13.7M or 34.6%), Qatar ($3.12M or 28.8%), and Austria ($921k or 299%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$1.88M(22.5%)
IMPORT GROWTH (September 2023 - September 2024)$4.69M(8.62%)
MAIN DESTINATION (September 2024)China$2.28M

This section shows Hydrogen'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 Hydrogen over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$346M
IMPORTS (2022)$1.51B
NET TRADE (2022)-$1.16B

In 2022, South Korea exported $346M in Hydrogen. The main destinations of South Korea exports on Hydrogen were China ($205M), Japan ($34.8M), Singapore ($21.1M), United States ($15.4M), and Chinese Taipei ($14.1M).

In 2022, South Korea imported $1.51B in Hydrogen, mainly from China ($805M), United States ($197M), Qatar ($134M), Vietnam ($93.7M), and Russia ($84.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$56.9M (38.4%)
Japan$21M (151%)
Singapore$18.3M (649%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY South Korea WERE (2021 - 2022):
Chinese Taipei-$4.47M (-24.1%)
Philippines-$1.01M (-81%)
Qatar-$789k (-18.5%)
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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 Hydrogen were:
China $3.34B
Germany $2.43B
United States $2.35B
In 2022, South Korea's main importing competitors in Hydrogen were:
China $3.46B
Japan $1.98B
Germany $1.73B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $19.8M
TOP IMPORT POTENTIALGermany+ $15M

Hydrogen’s highest export potential is China. With an export gap of $19.8M.   Hydrogen’s highest import potential is Germany with an import gap of $15M.

See methodology.

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