Oxometallic or Peroxometallic Acid Salts in South Korea 2020 Exports | Imports : $1.31B | $479M, World Rnk 1 / 91 Rnk 71 / 1207 | World Rnk 3 / 182 Rnk 167 / 1211
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $276M | $4.39M, Poland | United States
2020 ECONOMIC COMPLEXITY of South Korea: 1.88, Rnk 5 / 127
2020 PRODUCT COMPLEXITY IN Oxometallic or Peroxometallic Acid Salts: -0.26, Rnk 627 / 1029
Exports In 2020, South Korea exported $1.31B in Oxometallic or Peroxometallic Acid Salts, making it the 1st largest exporter of Oxometallic or Peroxometallic Acid Salts in the world. At the same year, Oxometallic or Peroxometallic Acid Salts was the 71st most exported product in South Korea. The main destination of Oxometallic or Peroxometallic Acid Salts exports from South Korea are: Hungary ($333M), Poland ($284M), China ($227M), Japan ($219M), and Malaysia ($162M).
The fastest growing export markets for Oxometallic or Peroxometallic Acid Salts of South Korea between 2019 and 2020 were Poland ($276M), Hungary ($209M), and United States ($21.5M).
Imports In 2020, South Korea imported $479M in Oxometallic or Peroxometallic Acid Salts, becoming the 3rd largest importer of Oxometallic or Peroxometallic Acid Salts in the world. At the same year, Oxometallic or Peroxometallic Acid Salts was the 167th most imported product in South Korea. South Korea imports Oxometallic or Peroxometallic Acid Salts primarily from: China ($358M), Japan ($97.9M), United States ($8.56M), Netherlands ($3.22M), and Malaysia ($2.76M).
The fastest growing import markets in Oxometallic or Peroxometallic Acid Salts for South Korea between 2019 and 2020 were United States ($4.39M), Vietnam ($1.94M), and Hungary ($1.22M).
Tariffs In 2018, the average tariff for South Korea in Oxometallic or Peroxometallic Acid Salts was 3.41%. The countries with the highest import tariffs for Oxometallic or Peroxometallic Acid Salts were Botswana (Most Favoured Nation duty rate treatement, 5.47%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 5.47%), Cameroon (Most Favoured Nation duty rate treatement, 5.47%), Republic of the Congo (Most Favoured Nation duty rate treatement, 5.47%), and Cape Verde (Most Favoured Nation duty rate treatement, 5.47%).
Overview In January 2023 South Korea's Oxometallic or Peroxometallic Acid Salts exports accounted up to $1.16B and imports accounted up to $248M, resulting in a positive trade balance of $907M. Between January 2022 and January 2023 the exports of South Korea's Oxometallic or Peroxometallic Acid Salts have increased by $596M (107%) from $559M to $1.16B, while imports increased by $107M (75.1%) from $142M to $248M.
Destinations In January 2023, Oxometallic or Peroxometallic Acid Salts were exported mostly to China ($366M), Hungary ($318M), Poland ($213M), United States ($211M), and Malaysia ($35.4M), and were imported mostly from China ($229M), United States ($6.55M), Japan ($3.57M), Slovenia ($3.36M), and Hungary ($2.88M).
Growth In January 2023, the increase in Oxometallic or Peroxometallic Acid Salts's year-by-year exports was explained primarily by an increase in exports to China ($130M or 95.1%), United States ($43.1M or 2.29k%), and Poland ($40.8M or 52%). In January 2023, the increase in Oxometallic or Peroxometallic Acid Salts's year-by-year imports was explained primarily by an increase in imports from China ($82.2M or 180%), Hungary ($1.62M or 389%), and Netherlands ($172k or 67.7%).
EXPORT GROWTH (January 2022 - January 2023): $596M, (107%)
IMPORT GROWTH (January 2022 - January 2023): $107M, (75.1%)
MAIN DESTINATION (January 2023): China, $366M
This section shows Oxometallic or Peroxometallic Acid 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 Oxometallic or Peroxometallic Acid Salts over time.
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EXPORTS (2020): $1.31B
IMPORTS (2020): $479M
NET TRADE (2020): $832M
In 2020, South Korea exported $1.31B in Oxometallic or Peroxometallic Acid Salts. The main destinations of South Korea exports on Oxometallic or Peroxometallic Acid Salts were Hungary ($333M), Poland ($284M), China ($227M), Japan ($219M), and Malaysia ($162M).
In 2020, South Korea imported $479M in Oxometallic or Peroxometallic Acid Salts, mainly from China ($358M), Japan ($97.9M), United States ($8.56M), Netherlands ($3.22M), and Malaysia ($2.76M).
THE FASTEST GROWING Oxometallic or Peroxometallic Acid Salts EXPORT MARKETS FOR South Korea WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oxometallic or Peroxometallic Acid Salts BY South Korea WERE (2019 - 2020):
In 2020, South Korea's main exporting competitors in Oxometallic or Peroxometallic Acid Salts were:
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