2023
Exports
$756MWorld Rnk 2 / 138
Flag Rnk 114 / 1188
2023
PRODUCT COMPLEXITY IN Photographic Chemicals
1.94Rnk 4 / 1025
2023
Imports
$499MWorld Rnk 3 / 211
Flag Rnk 164 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $756M in Photographic Chemicals, making it the 2nd largest exporter of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 114th most exported product in South Korea. The main destination of Photographic Chemicals exports from South Korea are: China ($595M), Chinese Taipei ($64.6M), Hong Kong ($42.1M), United States ($36.7M), and Japan ($8.4M).

The fastest growing export markets for Photographic Chemicals of South Korea between 2022 and 2023 were Chinese Taipei ($3.71M), Morocco ($515k), and Malaysia ($102k).

Imports In 2023, South Korea imported $499M in Photographic Chemicals, becoming the 3rd largest importer of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 164th most imported product in South Korea. South Korea imports Photographic Chemicals primarily from: Japan ($358M), Belgium ($54.7M), United States ($46.7M), China ($24.8M), and Chinese Taipei ($9.61M).

The fastest growing import markets in Photographic Chemicals for South Korea between 2022 and 2023 were China ($12.1M), United States ($11.6M), and Chinese Taipei ($1.63M).

COMPANIES In 2024, leading companies such as Fuyao Glass (3) were at the forefront of shipping Photographic Chemicals from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$11.7M(23.8%)
IMPORT GROWTH (December 2023 - December 2024)$-8.89M(-18.3%)
MAIN DESTINATION (December 2024)China$50M

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 (2023)$756M
IMPORTS (2023)$499M
NET TRADE (2023)$257M

In 2023, South Korea exported $756M in Photographic Chemicals. The main destinations of South Korea exports on Photographic Chemicals were China ($595M), Chinese Taipei ($64.6M), Hong Kong ($42.1M), United States ($36.7M), and Japan ($8.4M).

In 2023, South Korea imported $499M in Photographic Chemicals, mainly from Japan ($358M), Belgium ($54.7M), United States ($46.7M), China ($24.8M), and Chinese Taipei ($9.61M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Photographic Chemicals EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Chinese Taipei$3.71M (6.08%)
Morocco$515k (166%)
Malaysia$102k (38.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photographic Chemicals BY South Korea WERE (2022 - 2023):
China-$24.7M (-3.98%)
Hong Kong-$7.94M (-15.9%)
Vietnam-$2.63M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Photographic Chemicals were:
In 2023, South Korea's main importing competitors in Photographic Chemicals were:

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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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