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2022
Exports $18.2MWorld Rnk 23 / 132
Flag Rnk 658 / 1204
2022
Destination $2.47M Japan
2021 - 2022
FASTEST GROWING MARKET $2.47MIndia
2022
PRODUCT COMPLEXITY IN Natural Polymers0.71Rnk 274 / 1025
2022
Imports $153MWorld Rnk 7 / 193
Flag Rnk 421 / 1213
2022
Origin $38.8M China
2021 - 2022
FASTEST GROWING ORIGIN $38.8MSweden
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $18.2M in Natural Polymers, making it the 23rd largest exporter of Natural Polymers in the world. At the same year, Natural Polymers was the 658th most exported product in South Korea. The main destination of Natural Polymers exports from South Korea are: Japan ($7.58M), India ($2.47M), China ($2.4M), France ($1.34M), and United States ($810k).

The fastest growing export markets for Natural Polymers of South Korea between 2021 and 2022 were India ($2.47M), Japan ($1.64M), and Poland ($277k).

Imports In 2022, South Korea imported $153M in Natural Polymers, becoming the 7th largest importer of Natural Polymers in the world. At the same year, Natural Polymers was the 421st most imported product in South Korea. South Korea imports Natural Polymers primarily from: China ($51.7M), Sweden ($51M), Argentina ($8.93M), United States ($8.62M), and Japan ($5.74M).

The fastest growing import markets in Natural Polymers for South Korea between 2021 and 2022 were Sweden ($38.8M), China ($12.1M), and Argentina ($4.96M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Natural Polymers exports accounted up to $1.01M and imports accounted up to $38M, resulting in a negative trade balance of $37M. Between September 2023 and September 2024 the exports of South Korea's   Natural Polymers have increased by $235k (30.2%) from $778k to $1.01M, while imports decreased by $-18.4M (-32.6%) from $56.4M to $38M.

Destinations In September 2024, Natural Polymers were exported mostly to France ($282k), Japan ($234k), United States ($216k), China ($74k), and Philippines ($55k), and were imported mostly from Sweden ($28.2M), China ($4.81M), France ($988k), Argentina ($941k), and United States ($776k).

Growth In September 2024, the increase in Natural Polymers's year-by-year exports was explained primarily by an increase in exports to United States ($71k or 68.9%), Japan ($33k or 76.7%), and Thailand ($16k or 800%). In September 2024, the decrease in Natural Polymers's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-3.4M or -64%), Japan ($-894k or -86.7%), and Czechia ($-72k or -29.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$235k(30.2%)
IMPORT GROWTH (September 2023 - September 2024)$-18.4M(-32.6%)
MAIN DESTINATION (September 2024)France$282k

This section shows Natural Polymers'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 Natural Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.2M
IMPORTS (2022)$153M
NET TRADE (2022)-$135M

In 2022, South Korea exported $18.2M in Natural Polymers. The main destinations of South Korea exports on Natural Polymers were Japan ($7.58M), India ($2.47M), China ($2.4M), France ($1.34M), and United States ($810k).

In 2022, South Korea imported $153M in Natural Polymers, mainly from China ($51.7M), Sweden ($51M), Argentina ($8.93M), United States ($8.62M), and Japan ($5.74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural Polymers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$2.47M (163k%)
Japan$1.64M (27.5%)
Poland$277k (130%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural Polymers BY South Korea WERE (2021 - 2022):
Italy-$929k (-92.3%)
China-$828k (-25.6%)
United States-$695k (-46.2%)
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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 Natural Polymers were:
China $1.23B
Sweden $500M
United States $347M
In 2022, South Korea's main importing competitors in Natural Polymers were:
United States $518M
Germany $218M
Japan $207M

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Trade Value of Natural Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.34M
TOP IMPORT POTENTIALChina+ $7.9M

Natural Polymers’s highest export potential is China. With an export gap of $1.34M.   Natural Polymers’s highest import potential is China with an import gap of $7.9M.

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