Photographic Chemicals in South Korea 2020 Exports | Imports : $690M | $544M, World Rnk 2 / 141 Rnk 113 / 1207 | World Rnk 3 / 215 Rnk 150 / 1211
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $27M | $86.1M, Hong Kong | Japan
2020 ECONOMIC COMPLEXITY of South Korea: 1.88, Rnk 5 / 127
2020 PRODUCT COMPLEXITY IN Photographic Chemicals: 2.08, Rnk 6 / 1029
Exports In 2020, South Korea exported $690M in Photographic Chemicals, making it the 2nd largest exporter of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 113th most exported product in South Korea. The main destination of Photographic Chemicals exports from South Korea are: China ($445M), Hong Kong ($111M), Chinese Taipei ($84.9M), United States ($19.5M), and Japan ($14.8M).
The fastest growing export markets for Photographic Chemicals of South Korea between 2019 and 2020 were Hong Kong ($27M), China ($20.6M), and Chinese Taipei ($893k).
Imports In 2020, South Korea imported $544M in Photographic Chemicals, becoming the 3rd largest importer of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 150th most imported product in South Korea. South Korea imports Photographic Chemicals primarily from: Japan ($441M), United States ($34.1M), Belgium ($32.7M), China ($20.5M), and Chinese Taipei ($6.84M).
The fastest growing import markets in Photographic Chemicals for South Korea between 2019 and 2020 were Japan ($86.1M), Belgium ($19.4M), and Chinese Taipei ($2.04M).
Tariffs In 2018, the average tariff for South Korea in Photographic Chemicals was 4.83%. The countries with the highest import tariffs for Photographic Chemicals were Botswana (Most Favoured Nation duty rate treatement, 7.74%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 7.74%), Cameroon (Most Favoured Nation duty rate treatement, 7.74%), Republic of the Congo (Most Favoured Nation duty rate treatement, 7.74%), and Cape Verde (Most Favoured Nation duty rate treatement, 7.74%).
Overview In January 2023 South Korea's Photographic Chemicals exports accounted up to $55.1M and imports accounted up to $32.4M, resulting in a positive trade balance of $22.7M. Between January 2022 and January 2023 the exports of South Korea's Photographic Chemicals have decreased by $-10.4M (-15.8%) from $65.5M to $55.1M, while imports decreased by $-15.6M (-32.5%) from $48.1M to $32.4M.
Destinations In January 2023, Photographic Chemicals were exported mostly to China ($43M), Chinese Taipei ($4.7M), Hong Kong ($3.48M), United States ($1.66M), and Japan ($713k), and were imported mostly from Japan ($24.1M), United States ($2.63M), China ($2.07M), Belgium ($1.9M), and Chinese Taipei ($938k).
Growth In January 2023, the decrease in Photographic Chemicals's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-4.43M or -47.6%), Chinese Taipei ($-3.21M or -40.1%), and Japan ($-112k or -6.87%). In January 2023, the decrease in Photographic Chemicals's year-by-year imports was explained primarily by a decrease in imports from Ireland ($-21k or -70%), Turkey ($-17k or -100%), and Canada ($-10k or -100%).
EXPORT GROWTH (January 2022 - January 2023): $-10.4M, (-15.8%)
IMPORT GROWTH (January 2022 - January 2023): $-15.6M, (-32.5%)
MAIN DESTINATION (January 2023): China, $43M
This section shows Photographic Chemicals'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 Photographic Chemicals over time.
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EXPORTS (2020): $690M
IMPORTS (2020): $544M
NET TRADE (2020): $146M
In 2020, South Korea exported $690M in Photographic Chemicals. The main destinations of South Korea exports on Photographic Chemicals were China ($445M), Hong Kong ($111M), Chinese Taipei ($84.9M), United States ($19.5M), and Japan ($14.8M).
In 2020, South Korea imported $544M in Photographic Chemicals, mainly from Japan ($441M), United States ($34.1M), Belgium ($32.7M), China ($20.5M), and Chinese Taipei ($6.84M).
THE FASTEST GROWING Photographic Chemicals EXPORT MARKETS FOR South Korea WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photographic Chemicals BY South Korea WERE (2019 - 2020):
In 2020, South Korea's main exporting competitors in Photographic Chemicals were:
In 2020, South Korea's main importing competitors in Photographic Chemicals were:
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