2022
Exports
$819MWorld Rnk 15 / 203
Flag Rnk 46 / 96
2022
PRODUCT COMPLEXITY IN Glues, starches, & albuminoid products
1.14Rnk 119 / 1025
2022
Imports
$1.01BWorld Rnk 12 / 224
Flag Rnk 58 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $819M in Glues, starches, & albuminoid products, making it the 15th largest exporter of Glues, starches, & albuminoid products in the world. At the same year, Glues, starches, & albuminoid products was the 46th most exported product in South Korea. The main destination of Glues, starches, & albuminoid products exports from South Korea are: China ($242M), Vietnam ($130M), United States ($103M), Poland ($33.1M), and India ($26.6M).

The fastest growing export markets for Glues, starches, & albuminoid products of South Korea between 2021 and 2022 were United States ($10.8M), India ($6.32M), and Mexico ($4.34M).

Imports In 2022, South Korea imported $1.01B in Glues, starches, & albuminoid products, becoming the 12th largest importer of Glues, starches, & albuminoid products in the world. At the same year, Glues, starches, & albuminoid products was the 58th most imported product in South Korea. South Korea imports Glues, starches, & albuminoid products primarily from: United States ($210M), China ($162M), Japan ($125M), Thailand ($86.6M), and Germany ($79.2M).

The fastest growing import markets in Glues, starches, & albuminoid products for South Korea between 2021 and 2022 were United States ($54M), New Zealand ($21.4M), and Thailand ($11.8M).

COMPANIES In 2023, leading companies such as Barry Callebaut (2) were at the forefront of shipping Glues, starches, & albuminoid products from South Korea to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$4.83M(5.81%)
IMPORT GROWTH (August 2023 - August 2024)$5.31M(5.91%)
MAIN DESTINATION (August 2024)China$23.1M

This section shows Glues, starches, & albuminoid 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 Glues, starches, & albuminoid products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$819M
IMPORTS (2022)$1.01B
NET TRADE (2022)-$192M

In 2022, South Korea exported $819M in Glues, starches, & albuminoid products. The main destinations of South Korea exports on Glues, starches, & albuminoid products were China ($242M), Vietnam ($130M), United States ($103M), Poland ($33.1M), and India ($26.6M).

In 2022, South Korea imported $1.01B in Glues, starches, & albuminoid products, mainly from United States ($210M), China ($162M), Japan ($125M), Thailand ($86.6M), and Germany ($79.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glues, starches, & albuminoid products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$10.8M (11.7%)
India$6.32M (31.2%)
Mexico$4.34M (36.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glues, starches, & albuminoid products BY South Korea WERE (2021 - 2022):
China-$58M (-19.3%)
Vietnam-$57.9M (-30.9%)
Thailand-$11.8M (-33.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Glues, starches, & albuminoid products were:
In 2022, South Korea's main importing competitors in Glues, starches, & albuminoid products were:

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Trade Value of Glues, starches, & albuminoid products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $10.5M
TOP IMPORT POTENTIALChina+ $49.1M

Glues, starches, & albuminoid products’s highest export potential is India. With an export gap of $10.5M.   Glues, starches, & albuminoid products’s highest import potential is China with an import gap of $49.1M.

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