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2022
Exports $58.7MWorld Rnk 6 / 107
Flag Rnk 462 / 1204
2022
Destination $4.11M India
2021 - 2022
FASTEST GROWING MARKET $4.11MIndia
2022
PRODUCT COMPLEXITY IN Titanium Oxides1.04Rnk 156 / 1025
2022
Imports $20.9MWorld Rnk 14 / 174
Flag Rnk 824 / 1213
2022
Origin $517k China
2021 - 2022
FASTEST GROWING ORIGIN $517kVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $58.7M in Titanium Oxides, making it the 6th largest exporter of Titanium Oxides in the world. At the same year, Titanium Oxides was the 462nd most exported product in South Korea. The main destination of Titanium Oxides exports from South Korea are: India ($16.9M), Japan ($6.25M), Malaysia ($5.44M), Netherlands ($4.51M), and United States ($3.92M).

The fastest growing export markets for Titanium Oxides of South Korea between 2021 and 2022 were India ($4.11M), Malaysia ($2.12M), and Japan ($1.08M).

Imports In 2022, South Korea imported $20.9M in Titanium Oxides, becoming the 14th largest importer of Titanium Oxides in the world. At the same year, Titanium Oxides was the 824th most imported product in South Korea. South Korea imports Titanium Oxides primarily from: China ($8.9M), Japan ($7.08M), Germany ($3.56M), Vietnam ($735k), and United States ($270k).

The fastest growing import markets in Titanium Oxides for South Korea between 2021 and 2022 were Vietnam ($517k), Canada ($55k), and India ($8.72k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Titanium Oxides exports accounted up to $4.89M and imports accounted up to $1.99M, resulting in a positive trade balance of $2.9M. Between July 2023 and July 2024 the exports of South Korea's   Titanium Oxides have increased by $1.29M (35.9%) from $3.6M to $4.89M, while imports increased by $448k (29%) from $1.54M to $1.99M.

Destinations In July 2024, Titanium Oxides were exported mostly to India ($1.34M), United States ($1.34M), Netherlands ($487k), Malaysia ($222k), and Finland ($217k), and were imported mostly from China ($1.35M), Japan ($452k), Germany ($140k), France ($25k), and Canada ($17k).

Growth In July 2024, the increase in Titanium Oxides's year-by-year exports was explained primarily by an increase in exports to India ($383k or 36.8%), Indonesia ($42k or 43.3%), and Turkey ($31k or 48.4%). In July 2024, the increase in Titanium Oxides's year-by-year imports was explained primarily by an increase in imports from China ($102k or 12.3%), Germany ($22k or 5.54%), and Japan ($12k or 1.71%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.29M(35.9%)
IMPORT GROWTH (July 2023 - July 2024)$448k(29%)
MAIN DESTINATION (July 2024)India$1.34M

This section shows Titanium Oxides'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 Titanium Oxides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$58.7M
IMPORTS (2022)$20.9M
NET TRADE (2022)$37.7M

In 2022, South Korea exported $58.7M in Titanium Oxides. The main destinations of South Korea exports on Titanium Oxides were India ($16.9M), Japan ($6.25M), Malaysia ($5.44M), Netherlands ($4.51M), and United States ($3.92M).

In 2022, South Korea imported $20.9M in Titanium Oxides, mainly from China ($8.9M), Japan ($7.08M), Germany ($3.56M), Vietnam ($735k), and United States ($270k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Titanium Oxides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$4.11M (32.2%)
Malaysia$2.12M (63.8%)
Japan$1.08M (20.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Titanium Oxides BY South Korea WERE (2021 - 2022):
Vietnam-$3.85M (-57.3%)
United States-$2.84M (-42%)
Thailand-$1.94M (-51.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Titanium Oxides were:
China $242M
Germany $132M
France $87M
In 2022, South Korea's main importing competitors in Titanium Oxides were:
United States $91.4M
Germany $87.8M
India $68.1M

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Trade Value of Titanium Oxides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.97M
TOP IMPORT POTENTIALChina+ $2.28M

Titanium Oxides’s highest export potential is China. With an export gap of $1.97M.   Titanium Oxides’s highest import potential is China with an import gap of $2.28M.

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