Styrene Polymers in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $3.93B in Styrene Polymers, making it the 1st largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 27th most exported product in South Korea. The main destination of Styrene Polymers exports from South Korea are: China ($1.06B), United States ($346M), Mexico ($272M), Vietnam ($256M), and Turkey ($223M).

The fastest growing export markets for Styrene Polymers of South Korea between 2021 and 2022 were Japan ($7.85M), Hungary ($7.63M), and Italy ($4.58M).

Imports In 2022, South Korea imported $195M in Styrene Polymers, becoming the 31st largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 368th most imported product in South Korea. South Korea imports Styrene Polymers primarily from: China ($90M), United States ($32.5M), Singapore ($21.7M), Japan ($19.1M), and Thailand ($5.57M).

The fastest growing import markets in Styrene Polymers for South Korea between 2021 and 2022 were China ($18.7M), United States ($10.9M), and United Kingdom ($1.74M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (34k), SAMSUNG ELECTRONICS AMERICA (1.96k), and AT HOME PROCUREMENT INC (52) were at the forefront of shipping Styrene Polymers from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Styrene Polymers exports accounted up to $262M and imports accounted up to $13.4M, resulting in a positive trade balance of $249M. Between February 2023 and February 2024 the exports of South Korea's Styrene Polymers have decreased by $-17.4M (-6.22%) from $279M to $262M, while imports decreased by $-2.78M (-17.2%) from $16.2M to $13.4M.

Destinations In February 2024, Styrene Polymers were exported mostly to China ($51.3M), United States ($23.3M), Mexico ($18.6M), India ($18.5M), and Turkey ($18.1M), and were imported mostly from China ($5.57M), United States ($2.11M), Singapore ($2.11M), Japan ($1.67M), and Germany ($611k).

Growth In February 2024, the decrease in Styrene Polymers's year-by-year exports was explained primarily by a decrease in exports to China ($-31.7M or -32.2%), Vietnam ($-11.9M or -42.7%), and Hong Kong ($-10.3M or -76.9%). In February 2024, the decrease in Styrene Polymers's year-by-year imports was explained primarily by a decrease in imports from China ($-3.78M or -33.2%), Thailand ($-915k or -78.2%), and Malaysia ($-445k or -95.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-17.4M(-6.22%)

IMPORT GROWTH (February 2023 - February 2024)$-2.78M(-17.2%)

MAIN DESTINATION (February 2024)China$51.3M

This section shows Styrene 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 Styrene Polymers over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download