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2022
Exports $2.98MWorld Rnk 19 / 89
Flag Rnk 886 / 1204
2022
Destination $430k Hungary
2021 - 2022
FASTEST GROWING MARKET $430kHungary
2022
Imports $37.3MWorld Rnk 3 / 171
Flag Rnk 732 / 1213
2022
Origin $487k United States
2021 - 2022
FASTEST GROWING ORIGIN $487kUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.98M in Boron, making it the 19th largest exporter of Boron in the world. At the same year, Boron was the 886th most exported product in South Korea. The main destination of Boron exports from South Korea are: Hungary ($1.69M), China ($599k), Japan ($359k), Chinese Taipei ($246k), and Vietnam ($47.9k).

The fastest growing export markets for Boron of South Korea between 2021 and 2022 were Hungary ($430k), Japan ($314k), and China ($207k).

Imports In 2022, South Korea imported $37.3M in Boron, becoming the 3rd largest importer of Boron in the world. At the same year, Boron was the 732nd most imported product in South Korea. South Korea imports Boron primarily from: United States ($29.6M), Russia ($2.03M), Turkey ($1.66M), Chinese Taipei ($995k), and Chile ($925k).

The fastest growing import markets in Boron for South Korea between 2021 and 2022 were United States ($487k), Italy ($320k), and Peru ($173k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Boron exports accounted up to $48k and imports accounted up to $2.71M, resulting in a negative trade balance of $2.66M. Between October 2023 and October 2024 the exports of South Korea's   Boron have increased by $8k (20%) from $40k to $48k, while imports decreased by $-939k (-25.7%) from $3.65M to $2.71M.

Destinations In October 2024, Boron were exported mostly to China ($26k), Vietnam ($13k), Philippines ($9k), India ($0), and Japan ($0), and were imported mostly from United States ($2.12M), Turkey ($186k), Chile ($182k), Italy ($98k), and Russia ($80k).

Growth In October 2024, the increase in Boron's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the decrease in Boron's year-by-year imports was explained primarily by a decrease in imports from United States ($-399k or -18.8%), China ($-194k or -69.5%), and Russia ($-97k or -72.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$8k(20%)
IMPORT GROWTH (October 2023 - October 2024)$-939k(-25.7%)
MAIN DESTINATION (October 2024)China$26k

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 (2022)$2.98M
IMPORTS (2022)$37.3M
NET TRADE (2022)-$34.3M

In 2022, South Korea exported $2.98M in Boron. The main destinations of South Korea exports on Boron were Hungary ($1.69M), China ($599k), Japan ($359k), Chinese Taipei ($246k), and Vietnam ($47.9k).

In 2022, South Korea imported $37.3M in Boron, mainly from United States ($29.6M), Russia ($2.03M), Turkey ($1.66M), Chinese Taipei ($995k), and Chile ($925k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Boron EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hungary$430k (34.2%)
Japan$314k (698%)
China$207k (53%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Boron BY South Korea WERE (2021 - 2022):
Chinese Taipei-$276k (-52.9%)
Philippines-$30.6k (-59.8%)
Thailand-$1.2k (-18.2%)
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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 Boron were:
United States $202M
Turkey $194M
Chile $83.6M
In 2022, South Korea's main importing competitors in Boron were:
China $262M
Brazil $54.5M

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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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