2023
Exports
$9.35BWorld Rnk 1 / 126
Flag Rnk 10 / 1188
2023
PRODUCT COMPLEXITY IN Cyclic Hydrocarbons
0.44Rnk 388 / 1025
2023
Imports
$1.41BWorld Rnk 8 / 187
Flag Rnk 62 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $9.35B 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 ($5.6B), United States ($1.52B), Chinese Taipei ($1.13B), India ($446M), and United Arab Emirates ($87.5M).

The fastest growing export markets for Cyclic Hydrocarbons of South Korea between 2022 and 2023 were United States ($400M), India ($87M), and United Arab Emirates ($58.9M).

Imports In 2023, South Korea imported $1.41B in Cyclic Hydrocarbons, becoming the 8th largest importer of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 62nd most imported product in South Korea. South Korea imports Cyclic Hydrocarbons primarily from: Japan ($720M), China ($392M), Chinese Taipei ($206M), Saudi Arabia ($48.2M), and Singapore ($15.1M).

The fastest growing import markets in Cyclic Hydrocarbons for South Korea between 2022 and 2023 were Chinese Taipei ($94.1M), Japan ($42.9M), and Singapore ($15M).

COMPANIES In 2024, leading companies such as Electrolux (29), NOURYON FUNCTIONAL CHEMICALS LLC (4), and General Motors (2) were at the forefront of shipping Cyclic Hydrocarbons from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-154M(-18.3%)
IMPORT GROWTH (December 2023 - December 2024)$970k(1.01%)
MAIN DESTINATION (December 2024)China$564M

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 (2023)$9.35B
IMPORTS (2023)$1.41B
NET TRADE (2023)$7.93B

In 2023, South Korea exported $9.35B in Cyclic Hydrocarbons. The main destinations of South Korea exports on Cyclic Hydrocarbons were China ($5.6B), United States ($1.52B), Chinese Taipei ($1.13B), India ($446M), and United Arab Emirates ($87.5M).

In 2023, South Korea imported $1.41B in Cyclic Hydrocarbons, mainly from Japan ($720M), China ($392M), Chinese Taipei ($206M), Saudi Arabia ($48.2M), and Singapore ($15.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cyclic Hydrocarbons EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$400M (35.6%)
India$87M (24.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cyclic Hydrocarbons BY South Korea WERE (2022 - 2023):
China-$537M (-8.76%)
Hong Kong-$167M (-70.1%)
Japan-$104M (-79%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Cyclic Hydrocarbons were:
In 2023, South Korea's main importing competitors in Cyclic Hydrocarbons were:

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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.

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