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2022
Exports $5.64MWorld Rnk 24 / 96
Flag Rnk 813 / 1204
2022
Destination $334k United States
2021 - 2022
FASTEST GROWING MARKET $334kColombia
2022
PRODUCT COMPLEXITY IN Chemically Pure Sugars0.98Rnk 179 / 1025
2022
Imports $57.5MWorld Rnk 7 / 173
Flag Rnk 639 / 1213
2022
Origin $6.8M United States
2021 - 2022
FASTEST GROWING ORIGIN $6.8MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.64M in Chemically Pure Sugars, making it the 24th largest exporter of Chemically Pure Sugars in the world. At the same year, Chemically Pure Sugars was the 813th most exported product in South Korea. The main destination of Chemically Pure Sugars exports from South Korea are: United States ($2.86M), China ($644k), Vietnam ($500k), Japan ($345k), and Colombia ($334k).

The fastest growing export markets for Chemically Pure Sugars of South Korea between 2021 and 2022 were Colombia ($334k), United States ($208k), and Vietnam ($205k).

Imports In 2022, South Korea imported $57.5M in Chemically Pure Sugars, becoming the 7th largest importer of Chemically Pure Sugars in the world. At the same year, Chemically Pure Sugars was the 639th most imported product in South Korea. South Korea imports Chemically Pure Sugars primarily from: United States ($23M), China ($17.7M), Austria ($4.35M), Germany ($3.1M), and India ($2.47M).

The fastest growing import markets in Chemically Pure Sugars for South Korea between 2021 and 2022 were United States ($6.8M), China ($5.23M), and Austria ($3.38M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Chemically Pure Sugars exports accounted up to $463k and imports accounted up to $4.17M, resulting in a negative trade balance of $3.7M. Between September 2023 and September 2024 the exports of South Korea's   Chemically Pure Sugars have increased by $39k (9.2%) from $424k to $463k, while imports decreased by $-1.44M (-25.7%) from $5.6M to $4.17M.

Destinations In September 2024, Chemically Pure Sugars were exported mostly to United States ($314k), Japan ($60k), China ($41k), Vietnam ($32k), and United Arab Emirates ($8k), and were imported mostly from China ($2.45M), United States ($822k), Germany ($382k), Austria ($195k), and Japan ($175k).

Growth In September 2024, the increase in Chemically Pure Sugars's year-by-year exports was explained primarily by an increase in exports to Japan ($307k or 30.7k%) and China ($77k or 453%). In September 2024, the decrease in Chemically Pure Sugars's year-by-year imports was explained primarily by a decrease in imports from Austria ($-268k or -42.8%), Germany ($-74k or -34.3%), and Thailand ($-19k or -76%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$39k(9.2%)
IMPORT GROWTH (September 2023 - September 2024)$-1.44M(-25.7%)
MAIN DESTINATION (September 2024)United States$314k

This section shows Chemically Pure Sugars'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 Chemically Pure Sugars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.64M
IMPORTS (2022)$57.5M
NET TRADE (2022)-$51.9M

In 2022, South Korea exported $5.64M in Chemically Pure Sugars. The main destinations of South Korea exports on Chemically Pure Sugars were United States ($2.86M), China ($644k), Vietnam ($500k), Japan ($345k), and Colombia ($334k).

In 2022, South Korea imported $57.5M in Chemically Pure Sugars, mainly from United States ($23M), China ($17.7M), Austria ($4.35M), Germany ($3.1M), and India ($2.47M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemically Pure Sugars EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Colombia$334k (1%)
United States$208k (7.87%)
Vietnam$205k (69.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemically Pure Sugars BY South Korea WERE (2021 - 2022):
Canada-$581k (-87.9%)
Thailand-$348k (-96.4%)
India-$107k (-92.7%)
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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 Chemically Pure Sugars were:
China $258M
Germany $226M
United States $189M
In 2022, South Korea's main importing competitors in Chemically Pure Sugars were:
United States $268M
Japan $86M
Netherlands $82.7M

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Trade Value of Chemically Pure Sugars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $520k
TOP IMPORT POTENTIALChina+ $2.6M

Chemically Pure Sugars’s highest export potential is China. With an export gap of $520k.   Chemically Pure Sugars’s highest import potential is China with an import gap of $2.6M.

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