2022
Exports
$232MWorld Rnk 12 / 167
Flag Rnk 253 / 1204
2022
PRODUCT COMPLEXITY IN Carbonates
-0.61Rnk 730 / 1025
2022
Imports
$1.69BWorld Rnk 2 / 216
Flag Rnk 60 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $232M in Carbonates, making it the 12th largest exporter of Carbonates in the world. At the same year, Carbonates was the 253rd most exported product in South Korea. The main destination of Carbonates exports from South Korea are: China ($37.6M), India ($27.6M), Japan ($23.6M), Turkey ($15.3M), and Malaysia ($13.3M).

The fastest growing export markets for Carbonates of South Korea between 2021 and 2022 were Japan ($12.8M), India ($10.7M), and Turkey ($8.03M).

Imports In 2022, South Korea imported $1.69B in Carbonates, becoming the 2nd largest importer of Carbonates in the world. At the same year, Carbonates was the 60th most imported product in South Korea. South Korea imports Carbonates primarily from: Chile ($992M), China ($410M), United States ($115M), Argentina ($93.5M), and Germany ($17.1M).

The fastest growing import markets in Carbonates for South Korea between 2021 and 2022 were Chile ($741M), China ($243M), and Argentina ($77.2M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-44M(-70.5%)
IMPORT GROWTH (July 2023 - July 2024)$-144M(-70.7%)
MAIN DESTINATION (July 2024)Japan$3.71M

This section shows Carbonates'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 Carbonates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$232M
IMPORTS (2022)$1.69B
NET TRADE (2022)-$1.46B

In 2022, South Korea exported $232M in Carbonates. The main destinations of South Korea exports on Carbonates were China ($37.6M), India ($27.6M), Japan ($23.6M), Turkey ($15.3M), and Malaysia ($13.3M).

In 2022, South Korea imported $1.69B in Carbonates, mainly from Chile ($992M), China ($410M), United States ($115M), Argentina ($93.5M), and Germany ($17.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carbonates EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$12.8M (119%)
India$10.7M (63.6%)
Turkey$8.03M (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carbonates BY South Korea WERE (2021 - 2022):
Russia-$4.6M (-82%)
Hungary-$1.41M (-67.2%)
Sweden-$988k (-31.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Carbonates were:
In 2022, South Korea's main importing competitors in Carbonates were:
China $6.3B
Japan $1.27B

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Trade Value of Carbonates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $23M
TOP IMPORT POTENTIALTurkey+ $11.9M

Carbonates’s highest export potential is China. With an export gap of $23M.   Carbonates’s highest import potential is Turkey with an import gap of $11.9M.

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