HS Icon Plastics and articles thereof in  Flag South Korea

2019
Exports | Imports
: $32.5B | $10.8B, World Rnk 4 / 225
Flag Rnk 5 / 96 | World Rnk 17 / 225
Flag Rnk 9 / 96

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $171M | $79.9M, United States |  China

2019
ECONOMIC COMPLEXITY of South Korea
: 1.9, Rnk 5 / 147

2019
PRODUCT COMPLEXITY  IN Plastics and articles thereof
: 1.03, Rnk 15 / 96

Exports In 2019, South Korea exported $32.5B in Plastics and articles thereof, making it the 4th largest exporter of Plastics and articles thereof in the world. At the same year, Plastics and articles thereof was the 5th most exported product in South Korea. The main destination of Plastics and articles thereof exports from South Korea are: China ($9.74B), Vietnam ($3.09B), United States ($2.99B), Japan ($1.64B), and India ($1.6B).

The fastest growing export markets for Plastics and articles thereof of South Korea between 2018 and 2019 were United States ($171M), Poland ($73.2M), and Hungary ($49.5M).

Imports In 2019, South Korea imported $10.8B in Plastics and articles thereof, becoming the 17th largest importer of Plastics and articles thereof in the world. At the same year, Plastics and articles thereof was the 9th most imported product in South Korea. South Korea imports Plastics and articles thereof primarily from: Japan ($3.01B), China ($2.95B), United States ($1.59B), Germany ($507M), and Chinese Taipei ($492M).

The fastest growing import markets in Plastics and articles thereof for South Korea between 2018 and 2019 were China ($79.9M), Vietnam ($15.4M), and France ($10.9M).

Tariffs In 2018, the average tariff for South Korea in Plastics and articles thereof was 4.15%. The countries with the highest import tariffs for Plastics and articles thereof were Cameroon (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Algeria (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Egypt (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Ghana (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), and Libya (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%).

June 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2020 - June 2021): $1.34B, (56%)

IMPORT GROWTH (June 2020 - June 2021): $282M, (29.9%)

MAIN DESTINATION (June 2021): China, $1.06B

This section shows Plastics and articles thereof'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 Plastics and articles thereof over time.

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Historical Data

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EXPORTS (2019): $32.5B

IMPORTS (2019): $10.8B

NET TRADE (2019): $21.7B

In 2019, South Korea exported $32.5B in Plastics and articles thereof. The main destinations of South Korea exports on Plastics and articles thereof were China ($9.74B), Vietnam ($3.09B), United States ($2.99B), Japan ($1.64B), and India ($1.6B).

In 2019, South Korea imported $10.8B in Plastics and articles thereof, mainly from Japan ($3.01B), China ($2.95B), United States ($1.59B), Germany ($507M), and Chinese Taipei ($492M).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Plastics and articles thereof WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Plastics and articles thereof WITH:

Flow

THE FASTEST GROWING Plastics and articles thereof EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and articles thereof BY South Korea WERE (2018 - 2019):

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Market Concentration

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Type

In 2019, South Korea's main exporting competitors in Plastics and articles thereof were:

In 2019, South Korea's main importing competitors in Plastics and articles thereof were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Plastics and articles thereof was 4.15%.

The countries with the highest tariffs for Plastics and articles thereof in South Korea were Cameroon (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Algeria (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Egypt (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Ghana (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), and Libya (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%).