2023
Exports
$11.4BWorld Rnk 6 / 221
Flag Rnk 10 / 96
2023
PRODUCT COMPLEXITY IN Chemical products n.e.s.
1.86Rnk 7 / 1025
2023
Imports
$7.51BWorld Rnk 7 / 226
Flag Rnk 12 / 96
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $11.4B in Chemical products n.e.s., making it the 6th largest exporter of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 10th most exported product in South Korea. The main destination of Chemical products n.e.s. exports from South Korea are: United States ($3.48B), Hungary ($3.33B), China ($1.94B), Japan ($330M), and Chinese Taipei ($264M).

The fastest growing export markets for Chemical products n.e.s. of South Korea between 2022 and 2023 were United States ($2.79B), Hungary ($1.52B), and Philippines ($83.6M).

Imports In 2023, South Korea imported $7.51B in Chemical products n.e.s., becoming the 7th largest importer of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 12th most imported product in South Korea. South Korea imports Chemical products n.e.s. primarily from: China ($2.64B), Japan ($1.63B), United States ($1.21B), Singapore ($741M), and Germany ($313M).

The fastest growing import markets in Chemical products n.e.s. for South Korea between 2022 and 2023 were China ($445M), United Arab Emirates ($37.9M), and Ireland ($10.4M).

COMPANIES In 2024, leading companies such as Hyosung (43), LG Electronics (27), and General Motors (27) were at the forefront of shipping Chemical products n.e.s. from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-60.2M(-10.2%)
IMPORT GROWTH (January 2024 - January 2025)$134M(21.8%)
MAIN DESTINATION (January 2025)China$200M

This section shows Chemical products n.e.s.'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 Chemical products n.e.s. over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.4B
IMPORTS (2023)$7.51B
NET TRADE (2023)$3.9B

In 2023, South Korea exported $11.4B in Chemical products n.e.s.. The main destinations of South Korea exports on Chemical products n.e.s. were United States ($3.48B), Hungary ($3.33B), China ($1.94B), Japan ($330M), and Chinese Taipei ($264M).

In 2023, South Korea imported $7.51B in Chemical products n.e.s., mainly from China ($2.64B), Japan ($1.63B), United States ($1.21B), Singapore ($741M), and Germany ($313M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical products n.e.s. EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$2.79B (402%)
Hungary$1.52B (83.6%)
Philippines$83.6M (73.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical products n.e.s. BY South Korea WERE (2022 - 2023):
Vietnam-$338M (-100%)
Netherlands-$130M (-69.9%)
Japan-$98.7M (-23%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Chemical products n.e.s. were:
In 2023, South Korea's main importing competitors in Chemical products n.e.s. were:

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Trade Value of Chemical products n.e.s. by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $257M
TOP IMPORT POTENTIALChina+ $319M

Chemical products n.e.s.’s highest export potential is China. With an export gap of $257M.   Chemical products n.e.s.’s highest import potential is China with an import gap of $319M.

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