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2023
Exports $3.8BWorld Rnk 3 / 158
Flag Rnk 21 / 1188
2023
Destination $12.5M China
2022 - 2023
FASTEST GROWING MARKET $12.5MUzbekistan
2023
PRODUCT COMPLEXITY IN Propylene Polymers0.19Rnk 496 / 1025
2023
Imports $166MWorld Rnk 46 / 205
Flag Rnk 359 / 1208
2023
Origin $10.8M United States
2022 - 2023
FASTEST GROWING ORIGIN $10.8MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $3.8B in Propylene Polymers, making it the 3rd largest exporter of Propylene Polymers in the world. At the same year, Propylene Polymers was the 21st most exported product in South Korea. The main destination of Propylene Polymers exports from South Korea are: China ($1.1B), Turkey ($373M), United States ($215M), Japan ($198M), and Indonesia ($170M).

The fastest growing export markets for Propylene Polymers of South Korea between 2022 and 2023 were Uzbekistan ($12.5M), Saudi Arabia ($6.89M), and Poland ($5.1M).

Imports In 2023, South Korea imported $166M in Propylene Polymers, becoming the 46th largest importer of Propylene Polymers in the world. At the same year, Propylene Polymers was the 359th most imported product in South Korea. South Korea imports Propylene Polymers primarily from: United States ($33M), Singapore ($32.5M), China ($23.1M), Japan ($21.3M), and Netherlands ($12.2M).

The fastest growing import markets in Propylene Polymers for South Korea between 2022 and 2023 were China ($10.8M), Singapore ($5.77M), and France ($2.59M).

COMPANIES In 2024, leading companies such as LG Electronics (140), Samsung (62), and Hyosung (4) were at the forefront of shipping Propylene Polymers from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Propylene Polymers exports accounted up to $371M and imports accounted up to $14.2M, resulting in a positive trade balance of $357M. Between December 2023 and December 2024 the exports of South Korea's   Propylene Polymers have increased by $45.7M (14%) from $326M to $371M, while imports increased by $1.06M (8.07%) from $13.1M to $14.2M.

Destinations In December 2024, Propylene Polymers were exported mostly to China ($92.1M), Vietnam ($45.8M), Turkey ($38.8M), United States ($22.3M), and Japan ($15M), and were imported mostly from United States ($3.44M), Singapore ($2.29M), Japan ($2.26M), China ($1.69M), and Italy ($603k).

Growth In December 2024, the increase in Propylene Polymers's year-by-year exports was explained primarily by an increase in exports to Indonesia ($14.5M or 103%), Vietnam ($11M or 45.9%), and Singapore ($4.81M or 83.8%). In December 2024, the increase in Propylene Polymers's year-by-year imports was explained primarily by an increase in imports from Italy ($1.02M or 445%), United States ($476k or 20.2%), and Germany ($455k or 165%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$45.7M(14%)
IMPORT GROWTH (December 2023 - December 2024)$1.06M(8.07%)
MAIN DESTINATION (December 2024)China$92.1M

This section shows Propylene Polymers'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 Propylene Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.8B
IMPORTS (2023)$166M
NET TRADE (2023)$3.63B

In 2023, South Korea exported $3.8B in Propylene Polymers. The main destinations of South Korea exports on Propylene Polymers were China ($1.1B), Turkey ($373M), United States ($215M), Japan ($198M), and Indonesia ($170M).

In 2023, South Korea imported $166M in Propylene Polymers, mainly from United States ($33M), Singapore ($32.5M), China ($23.1M), Japan ($21.3M), and Netherlands ($12.2M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Propylene Polymers EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Uzbekistan$12.5M (29.3%)
Saudi Arabia$6.89M (52.3%)
Poland$5.1M (4.19%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Propylene Polymers BY South Korea WERE (2022 - 2023):
Vietnam-$685M (-100%)
China-$382M (-25.9%)
United States-$102M (-32.1%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Propylene Polymers were:
Saudi Arabia $5.46B
United States $3.99B
In 2023, South Korea's main importing competitors in Propylene Polymers were:
China $4.99B
Turkey $2.88B
Germany $2.8B

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Trade Value of Propylene Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $76.5M
TOP IMPORT POTENTIALChina+ $13.3M

Propylene Polymers’s highest export potential is China. With an export gap of $76.5M.   Propylene Polymers’s highest import potential is China with an import gap of $13.3M.

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