HS Icon Styrene Polymers in  Flag South Korea

2021
Exports | Imports
: $4.65B | $183M, World Rnk 1 / 153
Flag Rnk 25 / 1206 | World Rnk 31 / 208
Flag Rnk 373 / 1211

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $227M | $22.1M, China |  Thailand

2021
ECONOMIC COMPLEXITY of South Korea
: 1.82, Rnk 4 / 131

2021
PRODUCT COMPLEXITY IN Styrene Polymers
: 0.7, Rnk 276 / 1029

Exports In 2021, South Korea exported $4.65B in Styrene Polymers, making it the 1st largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 25th most exported product in South Korea. The main destination of Styrene Polymers exports from South Korea are: China ($1.4B), United States ($359M), Mexico ($278M), Vietnam ($266M), and Turkey ($244M).

The fastest growing export markets for Styrene Polymers of South Korea between 2020 and 2021 were China ($227M), United States ($167M), and Mexico ($108M).

Imports In 2021, South Korea imported $183M in Styrene Polymers, becoming the 31st largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 373rd most imported product in South Korea. South Korea imports Styrene Polymers primarily from: China ($71.5M), Thailand ($23.2M), Singapore ($22.7M), United States ($21.6M), and Japan ($18.6M).

The fastest growing import markets in Styrene Polymers for South Korea between 2020 and 2021 were Thailand ($22.1M), China ($12.2M), and Singapore ($7.04M).

Tariffs In 2018, the average tariff for South Korea in Styrene Polymers was 4.08%. The countries with the highest import tariffs for Styrene 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%).

April 2023

Subnational Monthly Trade

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EXPORT GROWTH (April 2022 - April 2023): $-121M, (-31.8%)

IMPORT GROWTH (April 2022 - April 2023): $313k, (1.99%)

MAIN DESTINATION (April 2023): China, $59.9M

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.

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Historical Data

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EXPORTS (2021): $4.65B

IMPORTS (2021): $183M

NET TRADE (2021): $4.46B

In 2021, South Korea exported $4.65B in Styrene Polymers. The main destinations of South Korea exports on Styrene Polymers were China ($1.4B), United States ($359M), Mexico ($278M), Vietnam ($266M), and Turkey ($244M).

In 2021, South Korea imported $183M in Styrene Polymers, mainly from China ($71.5M), Thailand ($23.2M), Singapore ($22.7M), United States ($21.6M), and Japan ($18.6M).

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Flow

THE FASTEST GROWING Styrene Polymers EXPORT MARKETS FOR South Korea WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Styrene Polymers BY South Korea WERE (2020 - 2021):

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Market Concentration

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In 2021, South Korea's main exporting competitors in Styrene Polymers were:

In 2021, South Korea's main importing competitors in Styrene Polymers were:

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