Propylene Polymers in South Korea 2021 Exports | Imports : $5.78B | $190M, World Rnk 2 / 151 Rnk 20 / 1206 | World Rnk 51 / 206 Rnk 365 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $246M | $5.02M, United States | France
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Propylene Polymers: 0.1, Rnk 519 / 1029
Exports In 2021, South Korea exported $5.78B in Propylene Polymers, making it the 2nd largest exporter of Propylene Polymers in the world. At the same year, Propylene Polymers was the 20th most exported product in South Korea. The main destination of Propylene Polymers exports from South Korea are: China ($1.61B), Vietnam ($631M), Turkey ($443M), United States ($410M), and Japan ($194M).
The fastest growing export markets for Propylene Polymers of South Korea between 2020 and 2021 were United States ($246M), Vietnam ($244M), and China ($209M).
Imports In 2021, South Korea imported $190M in Propylene Polymers, becoming the 51st largest importer of Propylene Polymers in the world. At the same year, Propylene Polymers was the 365th most imported product in South Korea. South Korea imports Propylene Polymers primarily from: United States ($42.6M), Japan ($29.1M), Singapore ($28.4M), Netherlands ($18.7M), and France ($12.9M).
The fastest growing import markets in Propylene Polymers for South Korea between 2020 and 2021 were France ($5.02M), Netherlands ($4.86M), and United States ($4.85M).
Tariffs In 2018, the average tariff for South Korea in Propylene Polymers was 4.08%. The countries with the highest import tariffs for Propylene Polymers were Botswana (Most Favoured Nation duty rate treatment, 6.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 6.5%), Cameroon (Most Favoured Nation duty rate treatment, 6.5%), Republic of the Congo (Most Favoured Nation duty rate treatment, 6.5%), and Cape Verde (Most Favoured Nation duty rate treatment, 6.5%).
March 2023
Overview In March 2023 South Korea's Propylene Polymers exports accounted up to $365M and imports accounted up to $18.2M, resulting in a positive trade balance of $347M. Between March 2022 and March 2023 the exports of South Korea's Propylene Polymers have decreased by $-144M (-28.3%) from $510M to $365M, while imports increased by $1.46M (8.69%) from $16.8M to $18.2M.
Destinations In March 2023, Propylene Polymers were exported mostly to China ($72.5M), Turkey ($46.2M), Vietnam ($31.3M), United States ($20.9M), and Japan ($17.9M), and were imported mostly from United States ($3.94M), Japan ($2.74M), Singapore ($2.45M), China ($2.28M), and Spain ($1.33M).
Growth In March 2023, the decrease in Propylene Polymers's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-2.4M or -64.4%), New Zealand ($-1.86M or -58.2%), and India ($-1.24M or -10.7%). In March 2023, the increase in Propylene Polymers's year-by-year imports was explained primarily by an increase in imports from Spain ($1.08M or 637%), Thailand ($857k or 400%), and Netherlands ($505k or 91.5%).
EXPORT GROWTH (March 2022 - March 2023): $-144M, (-28.3%)
IMPORT GROWTH (March 2022 - March 2023): $1.46M, (8.69%)
MAIN DESTINATION (March 2023): China, $72.5M
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.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $5.78B
IMPORTS (2021): $190M
NET TRADE (2021): $5.59B
In 2021, South Korea exported $5.78B in Propylene Polymers. The main destinations of South Korea exports on Propylene Polymers were China ($1.61B), Vietnam ($631M), Turkey ($443M), United States ($410M), and Japan ($194M).
In 2021, South Korea imported $190M in Propylene Polymers, mainly from United States ($42.6M), Japan ($29.1M), Singapore ($28.4M), Netherlands ($18.7M), and France ($12.9M).
THE FASTEST GROWING Propylene Polymers EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Propylene Polymers BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Propylene Polymers were:
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