Vinyl Chloride Polymers in South Korea 2021 Exports | Imports : $945M | $465M, World Rnk 9 / 144 Rnk 102 / 1206 | World Rnk 17 / 211 Rnk 203 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $166M | $53.3M, India | China
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Vinyl Chloride Polymers: 0.5, Rnk 371 / 1029
Exports In 2021, South Korea exported $945M in Vinyl Chloride Polymers, making it the 9th largest exporter of Vinyl Chloride Polymers in the world. At the same year, Vinyl Chloride Polymers was the 102nd most exported product in South Korea. The main destination of Vinyl Chloride Polymers exports from South Korea are: India ($364M), Turkey ($80.6M), China ($64.2M), Nigeria ($54.5M), and Vietnam ($39.4M).
The fastest growing export markets for Vinyl Chloride Polymers of South Korea between 2020 and 2021 were India ($166M), Turkey ($52.3M), and Nigeria ($31.6M).
Imports In 2021, South Korea imported $465M in Vinyl Chloride Polymers, becoming the 17th largest importer of Vinyl Chloride Polymers in the world. At the same year, Vinyl Chloride Polymers was the 203rd most imported product in South Korea. South Korea imports Vinyl Chloride Polymers primarily from: China ($154M), Japan ($99.9M), United States ($56.1M), Germany ($40M), and France ($33.4M).
The fastest growing import markets in Vinyl Chloride Polymers for South Korea between 2020 and 2021 were China ($53.3M), Germany ($11.2M), and Thailand ($8.58M).
Tariffs In 2018, the average tariff for South Korea in Vinyl Chloride Polymers was 4.08%. The countries with the highest import tariffs for Vinyl Chloride 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
Overview In April 2023 South Korea's Vinyl Chloride Polymers exports accounted up to $64.9M and imports accounted up to $46.9M, resulting in a positive trade balance of $18.1M. Between April 2022 and April 2023 the exports of South Korea's Vinyl Chloride Polymers have decreased by $-15.9M (-19.6%) from $80.8M to $64.9M, while imports increased by $3.35M (7.7%) from $43.5M to $46.9M.
Destinations In April 2023, Vinyl Chloride Polymers were exported mostly to India ($25.2M), Turkey ($7M), China ($5.07M), Vietnam ($2.59M), and Poland ($2.29M), and were imported mostly from France ($11.9M), China ($11M), Japan ($9.81M), United States ($6.4M), and Italy ($2.84M).
Growth In April 2023, the decrease in Vinyl Chloride Polymers's year-by-year exports was explained primarily by a decrease in exports to India ($-4.67M or -11.1%), China ($-2.63M or -36.5%), and Nigeria ($-1.49M or -45.5%). In April 2023, the increase in Vinyl Chloride Polymers's year-by-year imports was explained primarily by an increase in imports from China ($10.3M or 111%), Japan ($1.82M or 32.2%), and Germany ($1.32M or 69.1%).
EXPORT GROWTH (April 2022 - April 2023): $-15.9M, (-19.6%)
IMPORT GROWTH (April 2022 - April 2023): $3.35M, (7.7%)
MAIN DESTINATION (April 2023): India, $25.2M
This section shows Vinyl Chloride 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 Vinyl Chloride Polymers over time.
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EXPORTS (2021): $945M
IMPORTS (2021): $465M
NET TRADE (2021): $480M
In 2021, South Korea exported $945M in Vinyl Chloride Polymers. The main destinations of South Korea exports on Vinyl Chloride Polymers were India ($364M), Turkey ($80.6M), China ($64.2M), Nigeria ($54.5M), and Vietnam ($39.4M).
In 2021, South Korea imported $465M in Vinyl Chloride Polymers, mainly from China ($154M), Japan ($99.9M), United States ($56.1M), Germany ($40M), and France ($33.4M).
THE FASTEST GROWING Vinyl Chloride Polymers EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vinyl Chloride Polymers BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Vinyl Chloride Polymers were:
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