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2022
Exports $135MWorld Rnk 6 / 136
Flag Rnk 337 / 1204
2022
Destination $1.75M Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.75MVietnam
2022
PRODUCT COMPLEXITY IN Metal Pickling Preparations1.66Rnk 32 / 1025
2022
Imports $136MWorld Rnk 3 / 209
Flag Rnk 445 / 1213
2022
Origin $2.41M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.41MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $135M in Metal Pickling Preparations, making it the 6th largest exporter of Metal Pickling Preparations in the world. At the same year, Metal Pickling Preparations was the 337th most exported product in South Korea. The main destination of Metal Pickling Preparations exports from South Korea are: Vietnam ($49.2M), China ($25.4M), United States ($7.7M), India ($7.2M), and Thailand ($5.87M).

The fastest growing export markets for Metal Pickling Preparations of South Korea between 2021 and 2022 were Vietnam ($1.75M), United States ($1.63M), and Thailand ($1.37M).

Imports In 2022, South Korea imported $136M in Metal Pickling Preparations, becoming the 3rd largest importer of Metal Pickling Preparations in the world. At the same year, Metal Pickling Preparations was the 445th most imported product in South Korea. South Korea imports Metal Pickling Preparations primarily from: Japan ($64M), Chinese Taipei ($15.7M), China ($15.7M), Singapore ($11.8M), and United States ($11.7M).

The fastest growing import markets in Metal Pickling Preparations for South Korea between 2021 and 2022 were China ($2.41M), Singapore ($1.7M), and Belgium ($1.43M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Metal Pickling Preparations exports accounted up to $12.9M and imports accounted up to $11.7M, resulting in a positive trade balance of $1.24M. Between July 2023 and July 2024 the exports of South Korea's   Metal Pickling Preparations have increased by $1.67M (14.8%) from $11.3M to $12.9M, while imports increased by $1.22M (11.6%) from $10.5M to $11.7M.

Destinations In July 2024, Metal Pickling Preparations were exported mostly to Vietnam ($5.14M), China ($1.95M), United States ($845k), India ($683k), and Malaysia ($602k), and were imported mostly from Japan ($4.84M), Chinese Taipei ($1.68M), Singapore ($1.6M), United States ($1.45M), and China ($1.25M).

Growth In July 2024, the increase in Metal Pickling Preparations's year-by-year exports was explained primarily by an increase in exports to Germany ($340k or 144%), Japan ($249k or 356%), and United States ($169k or 25.7%). In July 2024, the increase in Metal Pickling Preparations's year-by-year imports was explained primarily by an increase in imports from Germany ($224k or 54.2%), United Kingdom ($67k or 60.4%), and Romania ($23k or 12.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.67M(14.8%)
IMPORT GROWTH (July 2023 - July 2024)$1.22M(11.6%)
MAIN DESTINATION (July 2024)Vietnam$5.14M

This section shows Metal Pickling Preparations'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 Metal Pickling Preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$135M
IMPORTS (2022)$136M
NET TRADE (2022)-$456k

In 2022, South Korea exported $135M in Metal Pickling Preparations. The main destinations of South Korea exports on Metal Pickling Preparations were Vietnam ($49.2M), China ($25.4M), United States ($7.7M), India ($7.2M), and Thailand ($5.87M).

In 2022, South Korea imported $136M in Metal Pickling Preparations, mainly from Japan ($64M), Chinese Taipei ($15.7M), China ($15.7M), Singapore ($11.8M), and United States ($11.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Pickling Preparations EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$1.75M (3.69%)
United States$1.63M (26.8%)
Thailand$1.37M (30.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Pickling Preparations BY South Korea WERE (2021 - 2022):
China-$2.05M (-7.49%)
Japan-$1.09M (-44.7%)
Serbia-$384k (-43.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Metal Pickling Preparations were:
Japan $371M
United States $259M
Germany $206M
In 2022, South Korea's main importing competitors in Metal Pickling Preparations were:
China $258M
Mexico $141M

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Trade Value of Metal Pickling Preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.85M
TOP IMPORT POTENTIALChina+ $4.38M

Metal Pickling Preparations’s highest export potential is China. With an export gap of $6.85M.   Metal Pickling Preparations’s highest import potential is China with an import gap of $4.38M.

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