2022
Exports
$653MWorld Rnk 15 / 187
Flag Rnk 137 / 1204
2022
PRODUCT COMPLEXITY IN Pesticides
0.016Rnk 541 / 1025
2022
Imports
$228MWorld Rnk 51 / 226
Flag Rnk 327 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $653M in Pesticides, making it the 15th largest exporter of Pesticides in the world. At the same year, Pesticides was the 137th most exported product in South Korea. The main destination of Pesticides exports from South Korea are: Brazil ($95.1M), China ($88.1M), Vietnam ($81.5M), Bangladesh ($61.9M), and Indonesia ($56.8M).

The fastest growing export markets for Pesticides of South Korea between 2021 and 2022 were Vietnam ($27.2M), Pakistan ($15.4M), and Uruguay ($5.65M).

Imports In 2022, South Korea imported $228M in Pesticides, becoming the 51st largest importer of Pesticides in the world. At the same year, Pesticides was the 327th most imported product in South Korea. South Korea imports Pesticides primarily from: China ($44M), United States ($43.1M), India ($31M), Japan ($21.8M), and United Kingdom ($11.9M).

The fastest growing import markets in Pesticides for South Korea between 2021 and 2022 were China ($14.3M), India ($6.18M), and Colombia ($2.59M).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (1) and NOURYON FUNCTIONAL CHEMICALS LLC (1) were at the forefront of shipping Pesticides from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-9.55M(-17%)
IMPORT GROWTH (September 2023 - September 2024)$-11.4M(-50.1%)
MAIN DESTINATION (September 2024)Brazil$12.7M

This section shows Pesticides'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 Pesticides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$653M
IMPORTS (2022)$228M
NET TRADE (2022)$425M

In 2022, South Korea exported $653M in Pesticides. The main destinations of South Korea exports on Pesticides were Brazil ($95.1M), China ($88.1M), Vietnam ($81.5M), Bangladesh ($61.9M), and Indonesia ($56.8M).

In 2022, South Korea imported $228M in Pesticides, mainly from China ($44M), United States ($43.1M), India ($31M), Japan ($21.8M), and United Kingdom ($11.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pesticides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$27.2M (50.2%)
Pakistan$15.4M (59.5%)
Uruguay$5.65M (178k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pesticides BY South Korea WERE (2021 - 2022):
Bangladesh-$23.6M (-27.6%)
Brazil-$23.5M (-19.8%)
India-$16.7M (-37.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Pesticides were:
In 2022, South Korea's main importing competitors in Pesticides were:

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Trade Value of Pesticides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $27.9M
TOP IMPORT POTENTIALChina+ $36.9M

Pesticides’s highest export potential is China. With an export gap of $27.9M.   Pesticides’s highest import potential is China with an import gap of $36.9M.

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