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2022
Exports $731MWorld Rnk 2 / 148
Flag Rnk 129 / 1204
2022
Destination $5.11M China
2021 - 2022
FASTEST GROWING MARKET $5.11MChina
2022
PRODUCT COMPLEXITY IN Photographic Chemicals2.07Rnk 4 / 1025
2022
Imports $583MWorld Rnk 3 / 212
Flag Rnk 168 / 1213
2022
Origin $5.46M Japan
2021 - 2022
FASTEST GROWING ORIGIN $5.46MChinese Taipei
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $731M in Photographic Chemicals, making it the 2nd largest exporter of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 129th most exported product in South Korea. The main destination of Photographic Chemicals exports from South Korea are: China ($569M), Chinese Taipei ($57.1M), Hong Kong ($48.4M), United States ($24.7M), and Japan ($15.1M).

The fastest growing export markets for Photographic Chemicals of South Korea between 2021 and 2022 were China ($5.11M), United States ($4.18M), and India ($1.07M).

Imports In 2022, South Korea imported $583M in Photographic Chemicals, becoming the 3rd largest importer of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 168th most imported product in South Korea. South Korea imports Photographic Chemicals primarily from: Japan ($436M), Belgium ($64.7M), United States ($42.5M), China ($24.4M), and Chinese Taipei ($9.38M).

The fastest growing import markets in Photographic Chemicals for South Korea between 2021 and 2022 were Chinese Taipei ($5.46M), United States ($3.38M), and China ($2.6M).

COMPANIES In 2023, leading companies such as CNH Industrial (2) and Samsung (2) were at the forefront of shipping Photographic Chemicals from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Photographic Chemicals exports accounted up to $53.9M and imports accounted up to $53.6M, resulting in a positive trade balance of $341k. Between October 2023 and October 2024 the exports of South Korea's   Photographic Chemicals have increased by $3.7M (7.37%) from $50.2M to $53.9M, while imports increased by $10.3M (23.8%) from $43.2M to $53.6M.

Destinations In October 2024, Photographic Chemicals were exported mostly to China ($43.6M), Chinese Taipei ($4.61M), Hong Kong ($3.12M), Japan ($1.06M), and United States ($620k), and were imported mostly from Japan ($38.7M), United States ($7.24M), Belgium ($6M), China ($572k), and Chinese Taipei ($514k).

Growth In October 2024, the increase in Photographic Chemicals's year-by-year exports was explained primarily by an increase in exports to Russia ($401k or 40.1k%), United States ($398k or 31.5%), and Vietnam ($185k or 50.4%). In October 2024, the increase in Photographic Chemicals's year-by-year imports was explained primarily by an increase in imports from China ($1.06M or 106%), Netherlands ($340k or 337%), and Vietnam ($91k or 207%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$3.7M(7.37%)
IMPORT GROWTH (October 2023 - October 2024)$10.3M(23.8%)
MAIN DESTINATION (October 2024)China$43.6M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$731M
IMPORTS (2022)$583M
NET TRADE (2022)$148M

In 2022, South Korea exported $731M in Photographic Chemicals. The main destinations of South Korea exports on Photographic Chemicals were China ($569M), Chinese Taipei ($57.1M), Hong Kong ($48.4M), United States ($24.7M), and Japan ($15.1M).

In 2022, South Korea imported $583M in Photographic Chemicals, mainly from Japan ($436M), Belgium ($64.7M), United States ($42.5M), China ($24.4M), and Chinese Taipei ($9.38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Photographic Chemicals EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$5.11M (0.91%)
United States$4.18M (20.4%)
India$1.07M (88%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photographic Chemicals BY South Korea WERE (2021 - 2022):
Hong Kong-$93.2M (-65.8%)
Chinese Taipei-$25.9M (-31.2%)
Malaysia-$734k (-66.7%)
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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 Photographic Chemicals were:
Japan $3.47B
United States $573M
In 2022, South Korea's main importing competitors in Photographic Chemicals were:
China $1.86B
Chinese Taipei $1B

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Trade Value of Photographic Chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.43M
TOP IMPORT POTENTIALChina+ $9.27M

Photographic Chemicals’s highest export potential is United States. With an export gap of $9.43M.   Photographic Chemicals’s highest import potential is China with an import gap of $9.27M.

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