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2022
Exports $711MWorld Rnk 4 / 195
Flag Rnk 130 / 1204
2022
Destination $6.95M China
2021 - 2022
FASTEST GROWING MARKET $6.95MUnited States
2022
PRODUCT COMPLEXITY IN Glues1.14Rnk 119 / 1025
2022
Imports $292MWorld Rnk 12 / 224
Flag Rnk 278 / 1213
2022
Origin $5.66M Japan
2021 - 2022
FASTEST GROWING ORIGIN $5.66MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $711M in Glues, making it the 4th largest exporter of Glues in the world. At the same year, Glues was the 130th most exported product in South Korea. The main destination of Glues exports from South Korea are: China ($240M), Vietnam ($121M), United States ($59.9M), Poland ($33.1M), and India ($25.8M).

The fastest growing export markets for Glues of South Korea between 2021 and 2022 were United States ($6.95M), India ($6.05M), and Mexico ($4.46M).

Imports In 2022, South Korea imported $292M in Glues, becoming the 12th largest importer of Glues in the world. At the same year, Glues was the 278th most imported product in South Korea. South Korea imports Glues primarily from: Japan ($110M), China ($73.4M), United States ($35.7M), Germany ($26.1M), and Vietnam ($8.45M).

The fastest growing import markets in Glues for South Korea between 2021 and 2022 were United States ($5.66M), Poland ($773k), and Ireland ($356k).

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

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Glues exports accounted up to $80.2M and imports accounted up to $34.4M, resulting in a positive trade balance of $45.8M. Between July 2023 and July 2024 the exports of South Korea's   Glues have increased by $12.9M (19.2%) from $67.3M to $80.2M, while imports increased by $8.13M (30.9%) from $26.3M to $34.4M.

Destinations In July 2024, Glues were exported mostly to Vietnam ($24.2M), China ($20.9M), United States ($7.14M), Poland ($3.26M), and Hong Kong ($3.11M), and were imported mostly from Japan ($17.7M), China ($5.17M), Germany ($4.51M), United States ($2.68M), and Singapore ($763k).

Growth In July 2024, the increase in Glues's year-by-year exports was explained primarily by an increase in exports to Poland ($1.36M or 45.4%), Mexico ($1.18M or 594%), and Russia ($715k or 191%). In July 2024, the increase in Glues's year-by-year imports was explained primarily by an increase in imports from Germany ($633k or 29.8%), France ($231k or 282%), and United States ($153k or 6.08%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$12.9M(19.2%)
IMPORT GROWTH (July 2023 - July 2024)$8.13M(30.9%)
MAIN DESTINATION (July 2024)Vietnam$24.2M

This section shows Glues'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$711M
IMPORTS (2022)$292M
NET TRADE (2022)$419M

In 2022, South Korea exported $711M in Glues. The main destinations of South Korea exports on Glues were China ($240M), Vietnam ($121M), United States ($59.9M), Poland ($33.1M), and India ($25.8M).

In 2022, South Korea imported $292M in Glues, mainly from Japan ($110M), China ($73.4M), United States ($35.7M), Germany ($26.1M), and Vietnam ($8.45M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glues EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$6.95M (13.1%)
India$6.05M (30.6%)
Mexico$4.46M (47.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glues BY South Korea WERE (2021 - 2022):
Vietnam-$60.9M (-33.4%)
China-$57.1M (-19.2%)
Hong Kong-$8.82M (-26.3%)
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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 Glues were:
China $2.73B
Germany $2.52B
United States $1.82B
In 2022, South Korea's main importing competitors in Glues were:
China $1.3B
Germany $816M
Vietnam $750M

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Trade Value of Glues by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.63M
TOP IMPORT POTENTIALChina+ $27.2M

Glues’s highest export potential is United States. With an export gap of $9.63M.   Glues’s highest import potential is China with an import gap of $27.2M.

See methodology.

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