Inorganic Compounds in South Korea 2020 Exports | Imports : $432M | $94.8M, World Rnk 2 / 129 Rnk 155 / 1207 | World Rnk 3 / 207 Rnk 476 / 1211
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $240M | $5.8M, Poland | Japan
2020 ECONOMIC COMPLEXITY of South Korea: 1.88, Rnk 5 / 127
Exports In 2020, South Korea exported $432M in Inorganic Compounds, making it the 2nd largest exporter of Inorganic Compounds in the world. At the same year, Inorganic Compounds was the 155th most exported product in South Korea. The main destination of Inorganic Compounds exports from South Korea are: Poland ($361M), China ($33.5M), United States ($16.4M), Chinese Taipei ($14.1M), and Japan ($4.52M).
The fastest growing export markets for Inorganic Compounds of South Korea between 2019 and 2020 were Poland ($240M), Chinese Taipei ($1.86M), and Germany ($510k).
Imports In 2020, South Korea imported $94.8M in Inorganic Compounds, becoming the 3rd largest importer of Inorganic Compounds in the world. At the same year, Inorganic Compounds was the 476th most imported product in South Korea. South Korea imports Inorganic Compounds primarily from: Japan ($43.6M), China ($37.8M), United States ($8.77M), Canada ($1.88M), and Germany ($687k).
The fastest growing import markets in Inorganic Compounds for South Korea between 2019 and 2020 were Japan ($5.8M), Poland ($285k), and France ($249k).
Overview In December 2006 South Korea's Inorganic Compounds exports accounted up to $78k and imports accounted up to $306k, resulting in a negative trade balance of $228k. Between December 2005 and December 2006 the exports of South Korea's Inorganic Compounds have decreased by $-40k (-33.9%) from $118k to $78k, while imports increased by $70k (29.7%) from $236k to $306k.
Destinations In December 2006, Inorganic Compounds were exported mostly to , and were imported mostly from .
Growth In December 2006, the decrease in Inorganic Compounds's year-by-year exports was explained primarily by a decrease in exports to . In December 2006, the increase in Inorganic Compounds's year-by-year imports was explained primarily by an increase in imports from .
EXPORT GROWTH (December 2005 - December 2006): $-40k, (-33.9%)
IMPORT GROWTH (December 2005 - December 2006): $70k, (29.7%)
MAIN DESTINATION (December 2006): ,
This section shows Inorganic Compounds'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 Compounds over time.
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EXPORTS (2020): $432M
IMPORTS (2020): $94.8M
NET TRADE (2020): $338M
In 2020, South Korea exported $432M in Inorganic Compounds. The main destinations of South Korea exports on Inorganic Compounds were Poland ($361M), China ($33.5M), United States ($16.4M), Chinese Taipei ($14.1M), and Japan ($4.52M).
In 2020, South Korea imported $94.8M in Inorganic Compounds, mainly from Japan ($43.6M), China ($37.8M), United States ($8.77M), Canada ($1.88M), and Germany ($687k).
THE FASTEST GROWING Inorganic Compounds EXPORT MARKETS FOR South Korea WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic Compounds BY South Korea WERE (2019 - 2020):
In 2020, South Korea's main exporting competitors in Inorganic Compounds were:
In 2020, South Korea's main importing competitors in Inorganic Compounds were:
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