2023
Exports
$4.52BWorld Rnk 1 / 103
Flag Rnk 20 / 1188
2023
PRODUCT COMPLEXITY IN Other Inorganic Acids Salts
1.33Rnk 74 / 1025
2023
Imports
$2.47BWorld Rnk 2 / 179
Flag Rnk 31 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $4.52B in Other Inorganic Acids Salts, making it the 1st largest exporter of Other Inorganic Acids Salts in the world. At the same year, Other Inorganic Acids Salts was the 20th most exported product in South Korea. The main destination of Other Inorganic Acids Salts exports from South Korea are: China ($4.45B), Hong Kong ($39.4M), Japan ($8.18M), India ($4.68M), and Turkey ($3.07M).

The fastest growing export markets for Other Inorganic Acids Salts of South Korea between 2022 and 2023 were China ($4.41B), Hong Kong ($39.4M), and India ($3.16M).

Imports In 2023, South Korea imported $2.47B in Other Inorganic Acids Salts, becoming the 2nd largest importer of Other Inorganic Acids Salts in the world. At the same year, Other Inorganic Acids Salts was the 31st most imported product in South Korea. South Korea imports Other Inorganic Acids Salts primarily from: China ($2.45B), Japan ($11.7M), United States ($3.41M), Germany ($1.44M), and United Kingdom ($1.17M).

The fastest growing import markets in Other Inorganic Acids Salts for South Korea between 2022 and 2023 were China ($2.44B), Japan ($1.18M), and Germany ($738k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.82M(-25.4%)
IMPORT GROWTH (December 2023 - December 2024)$311k(12.6%)
MAIN DESTINATION (December 2024)China$2.88M

This section shows Other Inorganic Acids Salts'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 Other Inorganic Acids Salts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.52B
IMPORTS (2023)$2.47B
NET TRADE (2023)$2.05B

In 2023, South Korea exported $4.52B in Other Inorganic Acids Salts. The main destinations of South Korea exports on Other Inorganic Acids Salts were China ($4.45B), Hong Kong ($39.4M), Japan ($8.18M), India ($4.68M), and Turkey ($3.07M).

In 2023, South Korea imported $2.47B in Other Inorganic Acids Salts, mainly from China ($2.45B), Japan ($11.7M), United States ($3.41M), Germany ($1.44M), and United Kingdom ($1.17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Inorganic Acids Salts EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
China$4.41B (13.1k%)
Hong Kong$39.4M (1.49M%)
India$3.16M (209%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Inorganic Acids Salts BY South Korea WERE (2022 - 2023):
Vietnam-$3.32M (-100%)
Mexico-$2.32M (-100%)
Malaysia-$1.13M (-47.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Other Inorganic Acids Salts were:
China $2.87B
In 2023, South Korea's main importing competitors in Other Inorganic Acids Salts were:

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Trade Value of Other Inorganic Acids Salts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.05M
TOP IMPORT POTENTIALChina+ $3.09M

Other Inorganic Acids Salts’s highest export potential is United States. With an export gap of $1.05M.   Other Inorganic Acids Salts’s highest import potential is China with an import gap of $3.09M.

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