Soap, cleaners, candles, dental, modelling pastes in South Korea 2021 Exports | Imports : $1.65B | $1.23B, World Rnk 12 / 223 Rnk 28 / 96 | World Rnk 13 / 226 Rnk 49 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $141M | $62.8M, China | Japan
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Soap, cleaners, candles, dental, modelling pastes: 1.44, Rnk 66 / 1029
Exports In 2021, South Korea exported $1.65B in Soap, cleaners, candles, dental, modelling pastes, making it the 12th largest exporter of Soap, cleaners, candles, dental, modelling pastes in the world. At the same year, Soap, cleaners, candles, dental, modelling pastes was the 28th most exported product in South Korea. The main destination of Soap, cleaners, candles, dental, modelling pastes exports from South Korea are: China ($543M), United States ($125M), Vietnam ($98.7M), Japan ($90.9M), and India ($88.2M).
The fastest growing export markets for Soap, cleaners, candles, dental, modelling pastes of South Korea between 2020 and 2021 were China ($141M), India ($44.3M), and Chinese Taipei ($28.9M).
Imports In 2021, South Korea imported $1.23B in Soap, cleaners, candles, dental, modelling pastes, becoming the 13th largest importer of Soap, cleaners, candles, dental, modelling pastes in the world. At the same year, Soap, cleaners, candles, dental, modelling pastes was the 49th most imported product in South Korea. South Korea imports Soap, cleaners, candles, dental, modelling pastes primarily from: Japan ($377M), United States ($250M), China ($199M), Germany ($116M), and France ($32.1M).
The fastest growing import markets in Soap, cleaners, candles, dental, modelling pastes for South Korea between 2020 and 2021 were Japan ($62.8M), China ($50.6M), and United States ($30M).
Tariffs In 2018, the average tariff for South Korea in Soap, cleaners, candles, dental, modelling pastes was 4.04%. The countries with the highest import tariffs for Soap, cleaners, candles, dental, modelling pastes were Botswana (Most Favoured Nation duty rate treatment, 6.47%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 6.47%), Cameroon (Most Favoured Nation duty rate treatment, 6.47%), Republic of the Congo (Most Favoured Nation duty rate treatment, 6.47%), and Cape Verde (Most Favoured Nation duty rate treatment, 6.47%).
April 2023
Overview In April 2023 South Korea's Soap, cleaners, candles, dental, modelling pastes exports accounted up to $132M and imports accounted up to $94.7M, resulting in a positive trade balance of $37.8M. Between April 2022 and April 2023 the exports of South Korea's Soap, cleaners, candles, dental, modelling pastes have decreased by $-20.8M (-13.6%) from $153M to $132M, while imports decreased by $-10.2M (-9.72%) from $105M to $94.7M.
Destinations In April 2023, Soap, cleaners, candles, dental, modelling pastes were exported mostly to China ($40.5M), United States ($12.5M), India ($9.05M), Japan ($8.19M), and Vietnam ($6.63M), and were imported mostly from Japan ($26.3M), United States ($22.1M), China ($13.8M), Germany ($7.86M), and France ($3.99M).
Growth In April 2023, the decrease in Soap, cleaners, candles, dental, modelling pastes's year-by-year exports was explained primarily by a decrease in exports to China ($-4.28M or -10.7%), Philippines ($-2.1M or -57.6%), and India ($-1.41M or -17.1%). In April 2023, the decrease in Soap, cleaners, candles, dental, modelling pastes's year-by-year imports was explained primarily by a decrease in imports from United States ($-4.62M or -21.7%), India ($-577k or -64.7%), and Czechia ($-450k or -88.4%).
EXPORT GROWTH (April 2022 - April 2023): $-20.8M, (-13.6%)
IMPORT GROWTH (April 2022 - April 2023): $-10.2M, (-9.72%)
MAIN DESTINATION (April 2023): China, $40.5M
This section shows Soap, cleaners, candles, dental, modelling pastes'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 Soap, cleaners, candles, dental, modelling pastes over time.
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EXPORTS (2021): $1.65B
IMPORTS (2021): $1.23B
NET TRADE (2021): $420M
In 2021, South Korea exported $1.65B in Soap, cleaners, candles, dental, modelling pastes. The main destinations of South Korea exports on Soap, cleaners, candles, dental, modelling pastes were China ($543M), United States ($125M), Vietnam ($98.7M), Japan ($90.9M), and India ($88.2M).
In 2021, South Korea imported $1.23B in Soap, cleaners, candles, dental, modelling pastes, mainly from Japan ($377M), United States ($250M), China ($199M), Germany ($116M), and France ($32.1M).
THE FASTEST GROWING Soap, cleaners, candles, dental, modelling pastes EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soap, cleaners, candles, dental, modelling pastes BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Soap, cleaners, candles, dental, modelling pastes were:
In 2021, South Korea's main importing competitors in Soap, cleaners, candles, dental, modelling pastes were:
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