HS Icon Plastics and articles thereof in  Flag South Korea

2020
Exports | Imports
: $31.2B | $10.8B, World Rnk 4 / 226
Flag Rnk 4 / 96 | World Rnk 17 / 226
Flag Rnk 9 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $454M | $211M, China |  China

2020
ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127

2020
PRODUCT COMPLEXITY  IN Plastics and articles thereof
: 1.74, Rnk 21 / 1029

Exports In 2020, South Korea exported $31.2B 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 4th most exported product in South Korea. The main destination of Plastics and articles thereof exports from South Korea are: China ($10.2B), Vietnam ($2.99B), United States ($2.96B), Japan ($1.45B), and India ($1.29B).

The fastest growing export markets for Plastics and articles thereof of South Korea between 2019 and 2020 were China ($454M), Poland ($126M), and Hungary ($112M).

Imports In 2020, 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: China ($3.2B), Japan ($2.93B), United States ($1.51B), Germany ($507M), and Chinese Taipei ($366M).

The fastest growing import markets in Plastics and articles thereof for South Korea between 2019 and 2020 were China ($211M), Vietnam ($20.1M), and Belgium ($15.8M).

September 2022

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (September 2021 - September 2022): $-577M, (-15.6%)

IMPORT GROWTH (September 2021 - September 2022): $-140M, (-11.9%)

MAIN DESTINATION (September 2022): China, $1.03B

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 (2020): $31.2B

IMPORTS (2020): $10.8B

NET TRADE (2020): $20.4B

In 2020, South Korea exported $31.2B in Plastics and articles thereof. The main destinations of South Korea exports on Plastics and articles thereof were China ($10.2B), Vietnam ($2.99B), United States ($2.96B), Japan ($1.45B), and India ($1.29B).

In 2020, South Korea imported $10.8B in Plastics and articles thereof, mainly from China ($3.2B), Japan ($2.93B), United States ($1.51B), Germany ($507M), and Chinese Taipei ($366M).

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Flow

THE FASTEST GROWING Plastics and articles thereof EXPORT MARKETS FOR South Korea WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and articles thereof BY South Korea WERE (2019 - 2020):

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Market Concentration

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In 2020, South Korea's main exporting competitors in Plastics and articles thereof were:

In 2020, South Korea's main importing competitors in Plastics and articles thereof were:

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