2023
Exports
$698MWorld Rnk 16 / 155
Flag Rnk 123 / 1188
2023
PRODUCT COMPLEXITY IN Acyclic Alcohols
-0.3Rnk 646 / 1025
2023
Imports
$1.14BWorld Rnk 7 / 211
Flag Rnk 80 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $698M in Acyclic Alcohols, making it the 16th largest exporter of Acyclic Alcohols in the world. At the same year, Acyclic Alcohols was the 123rd most exported product in South Korea. The main destination of Acyclic Alcohols exports from South Korea are: China ($238M), Chinese Taipei ($73.9M), India ($62.3M), Turkey ($62M), and United States ($38.5M).

The fastest growing export markets for Acyclic Alcohols of South Korea between 2022 and 2023 were India ($11.8M), Chinese Taipei ($2.6M), and Romania ($702k).

Imports In 2023, South Korea imported $1.14B in Acyclic Alcohols, becoming the 7th largest importer of Acyclic Alcohols in the world. At the same year, Acyclic Alcohols was the 80th most imported product in South Korea. South Korea imports Acyclic Alcohols primarily from: United States ($333M), China ($176M), Saudi Arabia ($140M), Chinese Taipei ($80M), and Singapore ($67M).

The fastest growing import markets in Acyclic Alcohols for South Korea between 2022 and 2023 were Netherlands ($39.8M), China ($8.2M), and Bahrain ($3.99M).

COMPANIES In 2024, leading companies such as LG Electronics (367), Volvo (49), and Samsung (12) were at the forefront of shipping Acyclic Alcohols from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-10.1M(-16.5%)
IMPORT GROWTH (January 2024 - January 2025)$855k(0.63%)
MAIN DESTINATION (January 2025)China$17.4M

This section shows Acyclic Alcohols'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 Acyclic Alcohols over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$698M
IMPORTS (2023)$1.14B
NET TRADE (2023)-$442M

In 2023, South Korea exported $698M in Acyclic Alcohols. The main destinations of South Korea exports on Acyclic Alcohols were China ($238M), Chinese Taipei ($73.9M), India ($62.3M), Turkey ($62M), and United States ($38.5M).

In 2023, South Korea imported $1.14B in Acyclic Alcohols, mainly from United States ($333M), China ($176M), Saudi Arabia ($140M), Chinese Taipei ($80M), and Singapore ($67M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Acyclic Alcohols EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$11.8M (23.3%)
Chinese Taipei$2.6M (3.64%)
Romania$702k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Acyclic Alcohols BY South Korea WERE (2022 - 2023):
Vietnam-$93.5M (-100%)
United States-$47.1M (-55%)
Belgium-$36M (-95.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Acyclic Alcohols were:
In 2023, South Korea's main importing competitors in Acyclic Alcohols were:

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Trade Value of Acyclic Alcohols by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $94.1M
TOP IMPORT POTENTIALSaudi Arabia+ $87.3M

Acyclic Alcohols’s highest export potential is China. With an export gap of $94.1M.   Acyclic Alcohols’s highest import potential is Saudi Arabia with an import gap of $87.3M.

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