2023
Exports
$2.01MWorld Rnk 23 / 90
Flag Rnk 882 / 1188
2023
PRODUCT COMPLEXITY IN Boron
-0.97Rnk 824 / 1025
2023
Imports
$35.6MWorld Rnk 3 / 176
Flag Rnk 691 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $2.01M in Boron, making it the 23rd largest exporter of Boron in the world. At the same year, Boron was the 882nd most exported product in South Korea. The main destination of Boron exports from South Korea are: Hungary ($1.67M), China ($167k), Thailand ($101k), Philippines ($72.9k), and Malaysia ($2.56k).

The fastest growing export markets for Boron of South Korea between 2022 and 2023 were Philippines ($59.1k), Malaysia ($713), and Peru ($4).

Imports In 2023, South Korea imported $35.6M in Boron, becoming the 3rd largest importer of Boron in the world. At the same year, Boron was the 691st most imported product in South Korea. South Korea imports Boron primarily from: United States ($30M), Turkey ($3.33M), Chile ($967k), China ($777k), and Chinese Taipei ($280k).

The fastest growing import markets in Boron for South Korea between 2022 and 2023 were United States ($5.29M), Switzerland ($8.67k), and Singapore ($99).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$20k(26%)
IMPORT GROWTH (December 2023 - December 2024)$-1.24M(-35.4%)
MAIN DESTINATION (December 2024)China$89k

This section shows Boron'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 Boron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.01M
IMPORTS (2023)$35.6M
NET TRADE (2023)-$33.6M

In 2023, South Korea exported $2.01M in Boron. The main destinations of South Korea exports on Boron were Hungary ($1.67M), China ($167k), Thailand ($101k), Philippines ($72.9k), and Malaysia ($2.56k).

In 2023, South Korea imported $35.6M in Boron, mainly from United States ($30M), Turkey ($3.33M), Chile ($967k), China ($777k), and Chinese Taipei ($280k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Boron EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Philippines$59.1k (429%)
Malaysia$713 (38.5%)
Peru$4 (5.19%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Boron BY South Korea WERE (2022 - 2023):
Chinese Taipei-$1.08M (-100%)
China-$257k (-60.6%)
Hungary-$233k (-12.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Boron were:
In 2023, South Korea's main importing competitors in Boron were:
China $242M
Brazil $52.1M

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Trade Value of Boron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $508k
TOP IMPORT POTENTIALTurkey+ $636k

Boron’s highest export potential is China. With an export gap of $508k.   Boron’s highest import potential is Turkey with an import gap of $636k.

See methodology.

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