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2022
Exports $960MWorld Rnk 12 / 209
Flag Rnk 104 / 1204
2022
Destination $13.1M China
2021 - 2022
FASTEST GROWING MARKET $13.1MUnited States
2022
PRODUCT COMPLEXITY IN Cleaning Products-0.1Rnk 582 / 1025
2022
Imports $577MWorld Rnk 22 / 224
Flag Rnk 171 / 1213
2022
Origin $9.28M China
2021 - 2022
FASTEST GROWING ORIGIN $9.28MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $960M in Cleaning Products, making it the 12th largest exporter of Cleaning Products in the world. At the same year, Cleaning Products was the 104th most exported product in South Korea. The main destination of Cleaning Products exports from South Korea are: China ($263M), United States ($83.8M), Japan ($81.1M), Chinese Taipei ($60M), and Vietnam ($55.3M).

The fastest growing export markets for Cleaning Products of South Korea between 2021 and 2022 were United States ($13.1M), Nigeria ($12.8M), and Russia ($8.75M).

Imports In 2022, South Korea imported $577M in Cleaning Products, becoming the 22nd largest importer of Cleaning Products in the world. At the same year, Cleaning Products was the 171st most imported product in South Korea. South Korea imports Cleaning Products primarily from: China ($143M), United States ($115M), Japan ($111M), Germany ($56.5M), and Australia ($15.6M).

The fastest growing import markets in Cleaning Products for South Korea between 2021 and 2022 were China ($9.28M), Serbia ($7.9M), and Australia ($5.74M).

COMPANIES In 2023, leading companies such as Samsung (12) and Hankook Tires (1) were at the forefront of shipping Cleaning Products from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Cleaning Products exports accounted up to $64.7M and imports accounted up to $41.1M, resulting in a positive trade balance of $23.6M. Between July 2023 and July 2024 the exports of South Korea's   Cleaning Products have increased by $14.2M (28.2%) from $50.5M to $64.7M, while imports increased by $7.46M (22.2%) from $33.6M to $41.1M.

Destinations In July 2024, Cleaning Products were exported mostly to China ($13.9M), Chinese Taipei ($7.53M), Japan ($5.75M), United States ($5.36M), and Malaysia ($3.56M), and were imported mostly from China ($12.7M), United States ($7.51M), Japan ($4.81M), Germany ($4.14M), and Serbia ($1.62M).

Growth In July 2024, the increase in Cleaning Products's year-by-year exports was explained primarily by an increase in exports to Philippines ($1.69M or 138%), Russia ($1.63M or 174%), and United States ($1.23M or 29.4%). In July 2024, the increase in Cleaning Products's year-by-year imports was explained primarily by an increase in imports from Serbia ($1.81M or 317%), United States ($1M or 16.2%), and Poland ($221k or 1k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$14.2M(28.2%)
IMPORT GROWTH (July 2023 - July 2024)$7.46M(22.2%)
MAIN DESTINATION (July 2024)China$13.9M

This section shows Cleaning Products'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 Cleaning Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$960M
IMPORTS (2022)$577M
NET TRADE (2022)$382M

In 2022, South Korea exported $960M in Cleaning Products. The main destinations of South Korea exports on Cleaning Products were China ($263M), United States ($83.8M), Japan ($81.1M), Chinese Taipei ($60M), and Vietnam ($55.3M).

In 2022, South Korea imported $577M in Cleaning Products, mainly from China ($143M), United States ($115M), Japan ($111M), Germany ($56.5M), and Australia ($15.6M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Cleaning Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$13.1M (18.6%)
Nigeria$12.8M (289%)
Russia$8.75M (35.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cleaning Products BY South Korea WERE (2021 - 2022):
China-$36M (-12.1%)
Bangladesh-$4.59M (-40.8%)
Singapore-$4.15M (-16.9%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Cleaning Products were:
Germany $5.11B
United States $4.57B
China $3.52B
In 2022, South Korea's main importing competitors in Cleaning Products were:
Germany $2.79B
United States $2.45B
France $2.23B

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Trade Value of Cleaning Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $28M
TOP IMPORT POTENTIALChina+ $30M

Cleaning Products’s highest export potential is China. With an export gap of $28M.   Cleaning Products’s highest import potential is China with an import gap of $30M.

See methodology.

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