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2022
Exports $409MWorld Rnk 17 / 159
Flag Rnk 181 / 1204
2022
Destination $87.6M Thailand
2021 - 2022
FASTEST GROWING MARKET $87.6MIndia
2022
PRODUCT COMPLEXITY IN Mixed Mineral or Chemical Fertilizers-1Rnk 840 / 1025
2022
Imports $203MWorld Rnk 43 / 218
Flag Rnk 353 / 1213
2022
Origin $51.4M China
2021 - 2022
FASTEST GROWING ORIGIN $51.4MIsrael
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $409M in Mixed Mineral or Chemical Fertilizers, making it the 17th largest exporter of Mixed Mineral or Chemical Fertilizers in the world. At the same year, Mixed Mineral or Chemical Fertilizers was the 181st most exported product in South Korea. The main destination of Mixed Mineral or Chemical Fertilizers exports from South Korea are: Thailand ($109M), India ($98.1M), Philippines ($48.2M), Vietnam ($44.5M), and Australia ($37.5M).

The fastest growing export markets for Mixed Mineral or Chemical Fertilizers of South Korea between 2021 and 2022 were India ($87.6M), Thailand ($29.9M), and Burma ($10.2M).

Imports In 2022, South Korea imported $203M in Mixed Mineral or Chemical Fertilizers, becoming the 43rd largest importer of Mixed Mineral or Chemical Fertilizers in the world. At the same year, Mixed Mineral or Chemical Fertilizers was the 353rd most imported product in South Korea. South Korea imports Mixed Mineral or Chemical Fertilizers primarily from: China ($88.8M), Israel ($56.3M), Netherlands ($7.83M), Morocco ($7.17M), and United States ($6.33M).

The fastest growing import markets in Mixed Mineral or Chemical Fertilizers for South Korea between 2021 and 2022 were Israel ($51.4M), China ($32.9M), and Morocco ($7.17M).

COMPANIES In 2023, leading companies such as Electrolux (1), LG Electronics (1), and Barry Callebaut (1) were at the forefront of shipping Mixed Mineral or Chemical Fertilizers from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Mixed Mineral or Chemical Fertilizers exports accounted up to $4.6M and imports accounted up to $9.5M, resulting in a negative trade balance of $4.91M. Between November 2023 and November 2024 the exports of South Korea's   Mixed Mineral or Chemical Fertilizers have decreased by $-13.6M (-74.8%) from $18.2M to $4.6M, while imports decreased by $-2.74M (-22.4%) from $12.2M to $9.5M.

Destinations In November 2024, Mixed Mineral or Chemical Fertilizers were exported mostly to Philippines ($2.06M), Japan ($1.27M), Vietnam ($566k), Cambodia ($227k), and Indonesia ($148k), and were imported mostly from China ($7.55M), Israel ($353k), Spain ($282k), Japan ($237k), and France ($205k).

Growth In November 2024, the decrease in Mixed Mineral or Chemical Fertilizers's year-by-year exports was explained primarily by a decrease in exports to Philippines ($-4.83M or -97.9%), Indonesia ($-154k or -64.7%), and China ($-139k or -83.7%). In November 2024, the decrease in Mixed Mineral or Chemical Fertilizers's year-by-year imports was explained primarily by a decrease in imports from China ($-4.49M or -29%), Vietnam ($-2.73M or -97.4%), and Israel ($-395k or -68.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-13.6M(-74.8%)
IMPORT GROWTH (November 2023 - November 2024)$-2.74M(-22.4%)
MAIN DESTINATION (November 2024)Philippines$2.06M

This section shows Mixed Mineral or Chemical Fertilizers'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 Mixed Mineral or Chemical Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$409M
IMPORTS (2022)$203M
NET TRADE (2022)$206M

In 2022, South Korea exported $409M in Mixed Mineral or Chemical Fertilizers. The main destinations of South Korea exports on Mixed Mineral or Chemical Fertilizers were Thailand ($109M), India ($98.1M), Philippines ($48.2M), Vietnam ($44.5M), and Australia ($37.5M).

In 2022, South Korea imported $203M in Mixed Mineral or Chemical Fertilizers, mainly from China ($88.8M), Israel ($56.3M), Netherlands ($7.83M), Morocco ($7.17M), and United States ($6.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mixed Mineral or Chemical Fertilizers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$87.6M (832%)
Thailand$29.9M (37.7%)
Burma$10.2M (54.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mixed Mineral or Chemical Fertilizers BY South Korea WERE (2021 - 2022):
Brazil-$16.7M (-98.8%)
New Zealand-$9.49M (-98.5%)
China-$1.27M (-60.6%)
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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 Mixed Mineral or Chemical Fertilizers were:
Russia $7.45B
Morocco $7.06B
China $6.29B
In 2022, South Korea's main importing competitors in Mixed Mineral or Chemical Fertilizers were:
India $7.88B
Brazil $7.44B
United States $1.83B

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Trade Value of Mixed Mineral or Chemical Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $30.8M
TOP IMPORT POTENTIALChina+ $32.2M

Mixed Mineral or Chemical Fertilizers’s highest export potential is India. With an export gap of $30.8M.   Mixed Mineral or Chemical Fertilizers’s highest import potential is China with an import gap of $32.2M.

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