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2022
Exports $9.79BWorld Rnk 1 / 120
Flag Rnk 10 / 1204
2022
Destination $722M China
2021 - 2022
FASTEST GROWING MARKET $722MUnited States
2022
PRODUCT COMPLEXITY IN Cyclic Hydrocarbons0.72Rnk 268 / 1025
2022
Imports $1.49BWorld Rnk 8 / 194
Flag Rnk 72 / 1213
2022
Origin $418M Japan
2021 - 2022
FASTEST GROWING ORIGIN $418MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $9.79B in Cyclic Hydrocarbons, making it the 1st largest exporter of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 10th most exported product in South Korea. The main destination of Cyclic Hydrocarbons exports from South Korea are: China ($6.28B), United States ($1.18B), Chinese Taipei ($1.14B), India ($341M), and Hong Kong ($249M).

The fastest growing export markets for Cyclic Hydrocarbons of South Korea between 2021 and 2022 were United States ($722M), China ($295M), and India ($86.1M).

Imports In 2022, South Korea imported $1.49B in Cyclic Hydrocarbons, becoming the 8th largest importer of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 72nd most imported product in South Korea. South Korea imports Cyclic Hydrocarbons primarily from: Japan ($674M), China ($583M), Chinese Taipei ($113M), Saudi Arabia ($52.5M), and United States ($22.3M).

The fastest growing import markets in Cyclic Hydrocarbons for South Korea between 2021 and 2022 were China ($418M), Saudi Arabia ($27M), and Japan ($11.8M).

COMPANIES In 2023, leading companies such as Electrolux (6), Amazon (4), and Chevron (1) were at the forefront of shipping Cyclic Hydrocarbons from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Cyclic Hydrocarbons exports accounted up to $671M and imports accounted up to $106M, resulting in a positive trade balance of $565M. Between September 2023 and September 2024 the exports of South Korea's   Cyclic Hydrocarbons have decreased by $-68.9M (-9.31%) from $740M to $671M, while imports decreased by $-55.4M (-34.4%) from $161M to $106M.

Destinations In September 2024, Cyclic Hydrocarbons were exported mostly to China ($575M), Chinese Taipei ($27.7M), United States ($15.7M), Netherlands ($14.5M), and India ($13.3M), and were imported mostly from Japan ($53.8M), Chinese Taipei ($23.2M), China ($9.23M), Saudi Arabia ($8.13M), and Kuwait ($7.02M).

Growth In September 2024, the decrease in Cyclic Hydrocarbons's year-by-year exports was explained primarily by a decrease in exports to China ($-22.9M or -4.14%), Turkey ($-12.3M or -92.3%), and Saudi Arabia ($-8.92M or -97.8%). In September 2024, the decrease in Cyclic Hydrocarbons's year-by-year imports was explained primarily by a decrease in imports from Japan ($-34.1M or -42.9%), Chinese Taipei ($-13.8M or -99.8%), and United States ($-7.53M or -95.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-68.9M(-9.31%)
IMPORT GROWTH (September 2023 - September 2024)$-55.4M(-34.4%)
MAIN DESTINATION (September 2024)China$575M

This section shows Cyclic Hydrocarbons'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 Hydrocarbons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.79B
IMPORTS (2022)$1.49B
NET TRADE (2022)$8.3B

In 2022, South Korea exported $9.79B in Cyclic Hydrocarbons. The main destinations of South Korea exports on Cyclic Hydrocarbons were China ($6.28B), United States ($1.18B), Chinese Taipei ($1.14B), India ($341M), and Hong Kong ($249M).

In 2022, South Korea imported $1.49B in Cyclic Hydrocarbons, mainly from Japan ($674M), China ($583M), Chinese Taipei ($113M), Saudi Arabia ($52.5M), and United States ($22.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cyclic Hydrocarbons EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$722M (158%)
China$295M (4.93%)
India$86.1M (33.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cyclic Hydrocarbons BY South Korea WERE (2021 - 2022):
Chinese Taipei-$132M (-10.4%)
Hong Kong-$23.7M (-8.68%)
Thailand-$19.9M (-71.7%)
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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 Cyclic Hydrocarbons were:
Netherlands $3.95B
United States $3.94B
In 2022, South Korea's main importing competitors in Cyclic Hydrocarbons were:
China $16.5B
United States $3.94B
Belgium $3.67B

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Trade Value of Cyclic Hydrocarbons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $112M
TOP IMPORT POTENTIALSaudi Arabia+ $21.8M

Cyclic Hydrocarbons’s highest export potential is India. With an export gap of $112M.   Cyclic Hydrocarbons’s highest import potential is Saudi Arabia with an import gap of $21.8M.

See methodology.

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