2022
Exports
$40.5MWorld Rnk 6 / 59
Flag Rnk 995 / 4439
2022
Imports
$3.53BWorld Rnk 1 / 107
Flag Rnk 19 / 4519
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

The fastest growing export markets for Lithium oxide and hydroxide of South Korea between 2021 and 2022 were Singapore ($34M), United Arab Emirates ($1.64M), and Vietnam ($1.42M).

Imports In 2022, South Korea imported $3.53B in Lithium oxide and hydroxide, becoming the 1st largest importer of Lithium oxide and hydroxide in the world. At the same year, Lithium oxide and hydroxide was the 19th most imported product in South Korea. South Korea imports Lithium oxide and hydroxide primarily from: China ($3.11B), Chile ($364M), Russia ($31.8M), United States ($18M), and Japan ($6.59M).

The fastest growing import markets in Lithium oxide and hydroxide for South Korea between 2021 and 2022 were China ($2.59B), Chile ($304M), and United States ($11.5M).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Lithium oxide and hydroxide from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Lithium oxide and hydroxide. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$40.5M
IMPORTS (2022)$3.53B
NET TRADE (2022)-$3.49B

In 2022, South Korea imported $3.53B in Lithium oxide and hydroxide, mainly from China ($3.11B), Chile ($364M), Russia ($31.8M), United States ($18M), and Japan ($6.59M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lithium oxide and hydroxide EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Singapore$34M (17.6M%)
Vietnam$1.42M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lithium oxide and hydroxide BY South Korea WERE (2021 - 2022):
Russia-$5.37M (-98.3%)
Malaysia-$1.16M (-100%)
China-$574k (-28.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Lithium oxide and hydroxide were:
In 2022, South Korea's main importing competitors in Lithium oxide and hydroxide were:
Japan $1.06B

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Trade Value of Lithium oxide and hydroxide by Exporters

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