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2022
Exports $8.65MWorld Rnk 6 / 77
Flag Rnk 750 / 1204
2022
Destination $410k Japan
2021 - 2022
FASTEST GROWING MARKET $410kJapan
2022
Imports $9.24MWorld Rnk 15 / 151
Flag Rnk 953 / 1213
2022
Origin $1.27M China
2021 - 2022
FASTEST GROWING ORIGIN $1.27MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $8.65M in Dithionites and Sulfoxylates, making it the 6th largest exporter of Dithionites and Sulfoxylates in the world. At the same year, Dithionites and Sulfoxylates was the 750th most exported product in South Korea. The main destination of Dithionites and Sulfoxylates exports from South Korea are: Japan ($2.85M), Vietnam ($1.21M), Bangladesh ($622k), Indonesia ($585k), and United States ($458k).

The fastest growing export markets for Dithionites and Sulfoxylates of South Korea between 2021 and 2022 were Japan ($410k), Turkey ($224k), and Italy ($175k).

Imports In 2022, South Korea imported $9.24M in Dithionites and Sulfoxylates, becoming the 15th largest importer of Dithionites and Sulfoxylates in the world. At the same year, Dithionites and Sulfoxylates was the 953rd most imported product in South Korea. South Korea imports Dithionites and Sulfoxylates primarily from: China ($4.31M), India ($2.64M), Germany ($1.24M), Chinese Taipei ($887k), and United States ($142k).

The fastest growing import markets in Dithionites and Sulfoxylates for South Korea between 2021 and 2022 were China ($1.27M), United States ($120k), and Japan ($7.96k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Dithionites and Sulfoxylates exports accounted up to $361k and imports accounted up to $753k, resulting in a negative trade balance of $392k. Between July 2023 and July 2024 the exports of South Korea's   Dithionites and Sulfoxylates have decreased by $-112k (-23.7%) from $473k to $361k, while imports increased by $174k (30.1%) from $579k to $753k.

Destinations In July 2024, Dithionites and Sulfoxylates were exported mostly to Japan ($137k), Indonesia ($65k), Vietnam ($59k), Thailand ($29k), and Spain ($20k), and were imported mostly from India ($323k), Germany ($195k), China ($189k), Chinese Taipei ($46k), and Bangladesh ($0).

Growth In July 2024, the decrease in Dithionites and Sulfoxylates's year-by-year exports was explained primarily by a decrease in exports to Japan ($-149k or -44.7%), Vietnam ($-37k or -39.4%), and Thailand ($-20k or -40.8%). In July 2024, the increase in Dithionites and Sulfoxylates's year-by-year imports was explained primarily by an increase in imports from India ($134k or 163%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-112k(-23.7%)
IMPORT GROWTH (July 2023 - July 2024)$174k(30.1%)
MAIN DESTINATION (July 2024)Japan$137k

This section shows Dithionites and Sulfoxylates'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 Dithionites and Sulfoxylates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.65M
IMPORTS (2022)$9.24M
NET TRADE (2022)-$588k

In 2022, South Korea exported $8.65M in Dithionites and Sulfoxylates. The main destinations of South Korea exports on Dithionites and Sulfoxylates were Japan ($2.85M), Vietnam ($1.21M), Bangladesh ($622k), Indonesia ($585k), and United States ($458k).

In 2022, South Korea imported $9.24M in Dithionites and Sulfoxylates, mainly from China ($4.31M), India ($2.64M), Germany ($1.24M), Chinese Taipei ($887k), and United States ($142k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Dithionites and Sulfoxylates EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$410k (16.8%)
Turkey$224k (431%)
Italy$175k (64.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Dithionites and Sulfoxylates BY South Korea WERE (2021 - 2022):
Bangladesh-$599k (-49.1%)
Mexico-$135k (-46.8%)
United States-$121k (-20.9%)
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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 Dithionites and Sulfoxylates were:
China $160M
Germany $71.9M
India $59.6M
In 2022, South Korea's main importing competitors in Dithionites and Sulfoxylates were:
Turkey $46.6M
Pakistan $31.7M
Brazil $20.1M

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Trade Value of Dithionites and Sulfoxylates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $158k
TOP IMPORT POTENTIALChina+ $599k

Dithionites and Sulfoxylates’s highest export potential is United States. With an export gap of $158k.   Dithionites and Sulfoxylates’s highest import potential is China with an import gap of $599k.

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