Inorganic chemicals in South Korea 2020 Exports | Imports : $4.26B | $5.93B, World Rnk 7 / 206 Rnk 17 / 96 | World Rnk 5 / 224 Rnk 13 / 96
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $526M | $168M, Poland | United Kingdom
2020 ECONOMIC COMPLEXITY of South Korea: 1.88, Rnk 5 / 127
2020 PRODUCT COMPLEXITY IN Inorganic chemicals: 1.69, Rnk 24 / 1029
Exports In 2020, South Korea exported $4.26B in Inorganic chemicals, making it the 7th largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 17th most exported product in South Korea. The main destination of Inorganic chemicals exports from South Korea are: China ($859M), Poland ($658M), Japan ($534M), Hungary ($341M), and Malaysia ($264M).
The fastest growing export markets for Inorganic chemicals of South Korea between 2019 and 2020 were Poland ($526M), Hungary ($209M), and Vietnam ($15.9M).
Imports In 2020, South Korea imported $5.93B in Inorganic chemicals, becoming the 5th largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 13th most imported product in South Korea. South Korea imports Inorganic chemicals primarily from: N/A.
The fastest growing import markets in Inorganic chemicals for South Korea between 2019 and 2020 were United Kingdom ($168M), Russia ($44.9M), and Qatar ($30.7M).
January 2023
Overview In January 2023 South Korea's Inorganic chemicals exports accounted up to $1.46B and imports accounted up to $2.18B, resulting in a negative trade balance of $712M. Between January 2022 and January 2023 the exports of South Korea's Inorganic chemicals have increased by $579M (65.5%) from $884M to $1.46B, while imports increased by $958M (78.7%) from $1.22B to $2.18B.
Destinations In January 2023, Inorganic chemicals were exported mostly to N/A, and were imported mostly from China ($1.41B), Chile ($259M), France ($95.1M), United States ($62.3M), and Netherlands ($50.8M).
Growth In January 2023, the increase in Inorganic chemicals's year-by-year exports was explained primarily by an increase in exports to China ($155M or 78.6%), United States ($49.2M or 451%), and Poland ($41.7M or 52%). In January 2023, the increase in Inorganic chemicals's year-by-year imports was explained primarily by an increase in imports from China ($318M or 77.4%), Chile ($63.2M or 468%), and Indonesia ($53.9M or 720%).
EXPORT GROWTH (January 2022 - January 2023): $579M, (65.5%)
IMPORT GROWTH (January 2022 - January 2023): $958M, (78.7%)
This section shows Inorganic chemicals'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 Inorganic chemicals over time.
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EXPORTS (2020): $4.26B
IMPORTS (2020): $5.93B
NET TRADE (2020): -$1.67B
In 2020, South Korea exported $4.26B in Inorganic chemicals. The main destinations of South Korea exports on Inorganic chemicals were China ($859M), Poland ($658M), Japan ($534M), Hungary ($341M), and Malaysia ($264M).
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR South Korea WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY South Korea WERE (2019 - 2020):
In 2020, South Korea's main exporting competitors in Inorganic chemicals were:
In 2020, South Korea's main importing competitors in Inorganic chemicals were:
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