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2022
Exports $15.8MWorld Rnk 18 / 113
Flag Rnk 672 / 1204
2022
Destination $1.79M United States
2021 - 2022
FASTEST GROWING MARKET $1.79MUnited States
2022
PRODUCT COMPLEXITY IN Cyclic Alcohols0.9Rnk 206 / 1025
2022
Imports $200MWorld Rnk 4 / 187
Flag Rnk 358 / 1213
2022
Origin $9.56M Japan
2021 - 2022
FASTEST GROWING ORIGIN $9.56MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $15.8M in Cyclic Alcohols, making it the 18th largest exporter of Cyclic Alcohols in the world. At the same year, Cyclic Alcohols was the 672nd most exported product in South Korea. The main destination of Cyclic Alcohols exports from South Korea are: United States ($3.68M), China ($2.42M), Italy ($2.25M), Japan ($1.67M), and Germany ($1.14M).

The fastest growing export markets for Cyclic Alcohols of South Korea between 2021 and 2022 were United States ($1.79M), Italy ($1.28M), and Netherlands ($965k).

Imports In 2022, South Korea imported $200M in Cyclic Alcohols, becoming the 4th largest importer of Cyclic Alcohols in the world. At the same year, Cyclic Alcohols was the 358th most imported product in South Korea. South Korea imports Cyclic Alcohols primarily from: Japan ($123M), China ($30.6M), Singapore ($15.4M), United States ($13.1M), and Germany ($9.29M).

The fastest growing import markets in Cyclic Alcohols for South Korea between 2021 and 2022 were Japan ($9.56M), United States ($8.58M), and Singapore ($1.45M).

COMPANIES In 2023, leading companies such as LG Electronics (3) were at the forefront of shipping Cyclic Alcohols from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Cyclic Alcohols exports accounted up to $1.45M and imports accounted up to $12.2M, resulting in a negative trade balance of $10.7M. Between October 2023 and October 2024 the exports of South Korea's   Cyclic Alcohols have increased by $134k (10.2%) from $1.31M to $1.45M, while imports decreased by $-5.92M (-32.7%) from $18.1M to $12.2M.

Destinations In October 2024, Cyclic Alcohols were exported mostly to China ($601k), Japan ($334k), Spain ($123k), Hungary ($78k), and United States ($78k), and were imported mostly from Japan ($7.7M), China ($1.8M), Singapore ($1.11M), Germany ($445k), and India ($421k).

Growth In October 2024, the increase in Cyclic Alcohols's year-by-year exports was explained primarily by an increase in exports to China ($304k or 434%), Japan ($259k or 256%), and Italy ($184k or 164%). In October 2024, the decrease in Cyclic Alcohols's year-by-year imports was explained primarily by a decrease in imports from Japan ($-5.31M or -61.6%), India ($-1.25M or -76.1%), and Germany ($-1.11M or -67.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$134k(10.2%)
IMPORT GROWTH (October 2023 - October 2024)$-5.92M(-32.7%)
MAIN DESTINATION (October 2024)China$601k

This section shows Cyclic Alcohols'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 Cyclic Alcohols over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.8M
IMPORTS (2022)$200M
NET TRADE (2022)-$184M

In 2022, South Korea exported $15.8M in Cyclic Alcohols. The main destinations of South Korea exports on Cyclic Alcohols were United States ($3.68M), China ($2.42M), Italy ($2.25M), Japan ($1.67M), and Germany ($1.14M).

In 2022, South Korea imported $200M in Cyclic Alcohols, mainly from Japan ($123M), China ($30.6M), Singapore ($15.4M), United States ($13.1M), and Germany ($9.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cyclic Alcohols EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$1.79M (94.7%)
Italy$1.28M (132%)
Netherlands$965k (634%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cyclic Alcohols BY South Korea WERE (2021 - 2022):
Japan-$2.95M (-63.9%)
China-$1.87M (-43.6%)
Germany-$1.51M (-56.9%)
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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 Cyclic Alcohols were:
Germany $1.72B
China $789M
India $391M
In 2022, South Korea's main importing competitors in Cyclic Alcohols were:
Ireland $1.32B
United States $346M
China $246M

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Trade Value of Cyclic Alcohols by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.85M
TOP IMPORT POTENTIALChina+ $11.3M

Cyclic Alcohols’s highest export potential is China. With an export gap of $1.85M.   Cyclic Alcohols’s highest import potential is China with an import gap of $11.3M.

See methodology.

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