2022
Exports
$1.69BWorld Rnk 12 / 220
Flag Rnk 29 / 96
2022
PRODUCT COMPLEXITY IN Soap, cleaners, candles, dental, modelling pastes
1.61Rnk 36 / 1025
2022
Imports
$1.2BWorld Rnk 17 / 225
Flag Rnk 52 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.69B 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 29th most exported product in South Korea. The main destination of Soap, cleaners, candles, dental, modelling pastes exports from South Korea are: China ($490M), United States ($156M), Japan ($102M), Vietnam ($97.2M), and India ($94.9M).

The fastest growing export markets for Soap, cleaners, candles, dental, modelling pastes of South Korea between 2021 and 2022 were United States ($29.1M), Saudi Arabia ($13.1M), and Nigeria ($12.7M).

Imports In 2022, South Korea imported $1.2B in Soap, cleaners, candles, dental, modelling pastes, becoming the 17th largest importer of Soap, cleaners, candles, dental, modelling pastes in the world. At the same year, Soap, cleaners, candles, dental, modelling pastes was the 52nd most imported product in South Korea. South Korea imports Soap, cleaners, candles, dental, modelling pastes primarily from: Japan ($321M), United States ($234M), China ($231M), Germany ($107M), and France ($34.5M).

The fastest growing import markets in Soap, cleaners, candles, dental, modelling pastes for South Korea between 2021 and 2022 were China ($33M), Indonesia ($8.84M), and Serbia ($7.9M).

COMPANIES In 2023, leading companies such as Samsung (19), Goldensee Limited (6), and Hankook Tires (4) were at the forefront of shipping Soap, cleaners, candles, dental, modelling pastes from South Korea to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$26.4M(20.1%)
IMPORT GROWTH (August 2023 - August 2024)$8.06M(9.21%)
MAIN DESTINATION (August 2024)China$39.5M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.69B
IMPORTS (2022)$1.2B
NET TRADE (2022)$485M

In 2022, South Korea exported $1.69B in Soap, cleaners, candles, dental, modelling pastes. The main destinations of South Korea exports on Soap, cleaners, candles, dental, modelling pastes were China ($490M), United States ($156M), Japan ($102M), Vietnam ($97.2M), and India ($94.9M).

In 2022, South Korea imported $1.2B in Soap, cleaners, candles, dental, modelling pastes, mainly from Japan ($321M), United States ($234M), China ($231M), Germany ($107M), and France ($34.5M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Soap, cleaners, candles, dental, modelling pastes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$29.1M (23%)
Saudi Arabia$13.1M (99.5%)
Nigeria$12.7M (277%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soap, cleaners, candles, dental, modelling pastes BY South Korea WERE (2021 - 2022):
China-$51.3M (-9.47%)
Singapore-$6.73M (-17.7%)
Bangladesh-$5.12M (-39.5%)

Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Soap, cleaners, candles, dental, modelling pastes were:
In 2022, South Korea's main importing competitors in Soap, cleaners, candles, dental, modelling pastes were:

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Trade Value of Soap, cleaners, candles, dental, modelling pastes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $39.5M
TOP IMPORT POTENTIALChina+ $65.1M

Soap, cleaners, candles, dental, modelling pastes’s highest export potential is China. With an export gap of $39.5M.   Soap, cleaners, candles, dental, modelling pastes’s highest import potential is China with an import gap of $65.1M.

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