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2023
Exports $7.08MWorld Rnk 37 / 103
Flag Rnk 745 / 1188
2023
Destination $416k United States
2022 - 2023
FASTEST GROWING MARKET $416kIndia
2023
PRODUCT COMPLEXITY IN Ammonia-1.28Rnk 896 / 1025
2023
Imports $524MWorld Rnk 4 / 189
Flag Rnk 156 / 1208
2023
Origin $352k Saudi Arabia
2022 - 2023
FASTEST GROWING ORIGIN $352kSingapore
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $7.08M in Ammonia, making it the 37th largest exporter of Ammonia in the world. At the same year, Ammonia was the 745th most exported product in South Korea. The main destination of Ammonia exports from South Korea are: United States ($2.45M), China ($1.93M), Malaysia ($908k), Singapore ($607k), and India ($435k).

The fastest growing export markets for Ammonia of South Korea between 2022 and 2023 were India ($416k), Singapore ($374k), and Nigeria ($112k).

Imports In 2023, South Korea imported $524M in Ammonia, becoming the 4th largest importer of Ammonia in the world. At the same year, Ammonia was the 156th most imported product in South Korea. South Korea imports Ammonia primarily from: Saudi Arabia ($248M), Indonesia ($233M), Australia ($32.1M), China ($5.52M), and Malaysia ($3.9M).

The fastest growing import markets in Ammonia for South Korea between 2022 and 2023 were Singapore ($352k) and Belgium ($2.3k).

COMPANIES In 2024, leading companies such as Barry Callebaut (1) were at the forefront of shipping Ammonia from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Ammonia exports accounted up to $1.08M and imports accounted up to $42.7M, resulting in a negative trade balance of $41.6M. Between December 2023 and December 2024 the exports of South Korea's   Ammonia have increased by $71k (7.05%) from $1.01M to $1.08M, while imports decreased by $-8.06M (-15.9%) from $50.7M to $42.7M.

Destinations In December 2024, Ammonia were exported mostly to China ($547k), United States ($241k), Singapore ($84k), Belgium ($63k), and Malaysia ($57k), and were imported mostly from Saudi Arabia ($24M), Indonesia ($6.77M), Malaysia ($6.18M), Bahrain ($3.94M), and China ($1.7M).

Growth In December 2024, the increase in Ammonia's year-by-year exports was explained primarily by an increase in exports to India ($111k or 247%), Singapore ($40k or 333%), and Malaysia ($1k or 3.13%). In December 2024, the decrease in Ammonia's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-8.25M or -23.6%), Saudi Arabia ($-3.89M or -9.76%), and China ($-26k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$71k(7.05%)
IMPORT GROWTH (December 2023 - December 2024)$-8.06M(-15.9%)
MAIN DESTINATION (December 2024)China$547k

This section shows Ammonia'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 Ammonia over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.08M
IMPORTS (2023)$524M
NET TRADE (2023)-$517M

In 2023, South Korea exported $7.08M in Ammonia. The main destinations of South Korea exports on Ammonia were United States ($2.45M), China ($1.93M), Malaysia ($908k), Singapore ($607k), and India ($435k).

In 2023, South Korea imported $524M in Ammonia, mainly from Saudi Arabia ($248M), Indonesia ($233M), Australia ($32.1M), China ($5.52M), and Malaysia ($3.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ammonia EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$416k (2.26k%)
Singapore$374k (161%)
Nigeria$112k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ammonia BY South Korea WERE (2022 - 2023):
Japan-$36.8M (-99.5%)
China-$4.36M (-69.3%)
Malaysia-$552k (-37.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Ammonia were:
Trinidad and Tobago $1.67B
Saudi Arabia $1.37B
Indonesia $902M
In 2023, South Korea's main importing competitors in Ammonia were:
United States $1.37B
India $1.23B
Morocco $878M

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Trade Value of Ammonia by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.97M
TOP IMPORT POTENTIALChina+ $10.4M

Ammonia’s highest export potential is United States. With an export gap of $2.97M.   Ammonia’s highest import potential is China with an import gap of $10.4M.

See methodology.

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