2023
Exports
$75.6MWorld Rnk 12 / 137
Flag Rnk 378 / 1188
2023
PRODUCT COMPLEXITY IN Prepared Pigments
1.13Rnk 132 / 1025
2023
Imports
$146MWorld Rnk 9 / 201
Flag Rnk 388 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $75.6M in Prepared Pigments, making it the 12th largest exporter of Prepared Pigments in the world. At the same year, Prepared Pigments was the 378th most exported product in South Korea. The main destination of Prepared Pigments exports from South Korea are: Malaysia ($15.2M), Chinese Taipei ($14.3M), China ($9.68M), Philippines ($8.73M), and Thailand ($5.4M).

The fastest growing export markets for Prepared Pigments of South Korea between 2022 and 2023 were Chinese Taipei ($8.19M), Nigeria ($2.6M), and Thailand ($1.01M).

Imports In 2023, South Korea imported $146M in Prepared Pigments, becoming the 9th largest importer of Prepared Pigments in the world. At the same year, Prepared Pigments was the 388th most imported product in South Korea. South Korea imports Prepared Pigments primarily from: Japan ($57M), Singapore ($35.8M), United States ($9.6M), Germany ($8.93M), and Netherlands ($8.77M).

The fastest growing import markets in Prepared Pigments for South Korea between 2022 and 2023 were Japan ($18.7M), Indonesia ($1.18M), and Malaysia ($755k).

COMPANIES In 2024, leading companies such as Samsung (1) were at the forefront of shipping Prepared Pigments from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-17.6M(-34.2%)
IMPORT GROWTH (December 2023 - December 2024)$-1.85M(-14.9%)
MAIN DESTINATION (December 2024)China$20.9M

This section shows Prepared Pigments'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 Prepared Pigments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$75.6M
IMPORTS (2023)$146M
NET TRADE (2023)-$70.5M

In 2023, South Korea exported $75.6M in Prepared Pigments. The main destinations of South Korea exports on Prepared Pigments were Malaysia ($15.2M), Chinese Taipei ($14.3M), China ($9.68M), Philippines ($8.73M), and Thailand ($5.4M).

In 2023, South Korea imported $146M in Prepared Pigments, mainly from Japan ($57M), Singapore ($35.8M), United States ($9.6M), Germany ($8.93M), and Netherlands ($8.77M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Prepared Pigments EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Chinese Taipei$8.19M (135%)
Nigeria$2.6M (558%)
Thailand$1.01M (22.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Pigments BY South Korea WERE (2022 - 2023):
China-$268M (-96.5%)
Philippines-$107M (-92.4%)
Hong Kong-$4.54M (-56.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Prepared Pigments were:
Spain $1.01B
China $636M
Japan $493M
In 2023, South Korea's main importing competitors in Prepared Pigments were:

Explore Visualizations

Trade Value of Prepared Pigments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.54M
TOP IMPORT POTENTIALChina+ $8.92M

Prepared Pigments’s highest export potential is China. With an export gap of $6.54M.   Prepared Pigments’s highest import potential is China with an import gap of $8.92M.

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