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2022
Exports $861MWorld Rnk 1 / 101
Flag Rnk 113 / 1204
2022
Destination $15.6M China
2021 - 2022
FASTEST GROWING MARKET $15.6MSaudi Arabia
2022
PRODUCT COMPLEXITY IN Phenols1.66Rnk 33 / 1025
2022
Imports $426MWorld Rnk 5 / 184
Flag Rnk 214 / 1213
2022
Origin $9.86M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $9.86MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $861M in Phenols, making it the 1st largest exporter of Phenols in the world. At the same year, Phenols was the 113th most exported product in South Korea. The main destination of Phenols exports from South Korea are: China ($327M), Japan ($155M), Chinese Taipei ($96M), India ($80.5M), and Thailand ($43.8M).

The fastest growing export markets for Phenols of South Korea between 2021 and 2022 were Saudi Arabia ($15.6M), Japan ($9.07M), and Australia ($3.44M).

Imports In 2022, South Korea imported $426M in Phenols, becoming the 5th largest importer of Phenols in the world. At the same year, Phenols was the 214th most imported product in South Korea. South Korea imports Phenols primarily from: Chinese Taipei ($125M), Japan ($122M), China ($43M), Thailand ($41.1M), and India ($28.5M).

The fastest growing import markets in Phenols for South Korea between 2021 and 2022 were India ($9.86M), China ($6.2M), and Germany ($2.27M).

COMPANIES In 2023, leading companies such as LG Electronics (48), Volvo (15), and Samsung (11) were at the forefront of shipping Phenols from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Phenols exports accounted up to $37.3M and imports accounted up to $35.1M, resulting in a positive trade balance of $2.17M. Between October 2023 and October 2024 the exports of South Korea's   Phenols have decreased by $-4.09M (-9.88%) from $41.4M to $37.3M, while imports increased by $5.74M (19.5%) from $29.4M to $35.1M.

Destinations In October 2024, Phenols were exported mostly to Czechia ($6.85M), India ($6.37M), Japan ($6.08M), Chinese Taipei ($3.09M), and Thailand ($2.73M), and were imported mostly from Japan ($8.63M), Chinese Taipei ($7.77M), United States ($5.15M), Thailand ($4.31M), and China ($3.77M).

Growth In October 2024, the decrease in Phenols's year-by-year exports was explained primarily by a decrease in exports to China ($-39.3M or -90.7%), Chinese Taipei ($-10.3M or -99.1%), and Japan ($-6.91M or -61.1%). In October 2024, the increase in Phenols's year-by-year imports was explained primarily by an increase in imports from France ($203k or 10.2k%) and Russia ($144k or 45.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-4.09M(-9.88%)
IMPORT GROWTH (October 2023 - October 2024)$5.74M(19.5%)
MAIN DESTINATION (October 2024)Czechia$6.85M

This section shows Phenols'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 Phenols over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$861M
IMPORTS (2022)$426M
NET TRADE (2022)$435M

In 2022, South Korea exported $861M in Phenols. The main destinations of South Korea exports on Phenols were China ($327M), Japan ($155M), Chinese Taipei ($96M), India ($80.5M), and Thailand ($43.8M).

In 2022, South Korea imported $426M in Phenols, mainly from Chinese Taipei ($125M), Japan ($122M), China ($43M), Thailand ($41.1M), and India ($28.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Phenols EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Saudi Arabia$15.6M (142%)
Japan$9.07M (6.22%)
Australia$3.44M (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phenols BY South Korea WERE (2021 - 2022):
China-$171M (-34.3%)
India-$53.6M (-40%)
Chinese Taipei-$31.2M (-24.5%)
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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 Phenols were:
Japan $770M
Chinese Taipei $721M
In 2022, South Korea's main importing competitors in Phenols were:
China $1.57B
India $716M
Netherlands $471M

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Trade Value of Phenols by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $9.56M
TOP IMPORT POTENTIALChina+ $10.7M

Phenols’s highest export potential is India. With an export gap of $9.56M.   Phenols’s highest import potential is China with an import gap of $10.7M.

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