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2023
Exports $92.8MWorld Rnk 21 / 165
Flag Rnk 345 / 1188
2023
Destination $2.24M China
2022 - 2023
FASTEST GROWING MARKET $2.24MTurkey
2023
PRODUCT COMPLEXITY IN Hydrogen-0.073Rnk 582 / 1025
2023
Imports $605MWorld Rnk 6 / 217
Flag Rnk 142 / 1208
2023
Origin $13.3M China
2022 - 2023
FASTEST GROWING ORIGIN $13.3MGermany
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $92.8M in Hydrogen, making it the 21st largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 345th most exported product in South Korea. The main destination of Hydrogen exports from South Korea are: China ($37.1M), Japan ($19.7M), Chinese Taipei ($6.21M), United States ($5.36M), and Hong Kong ($4.93M).

The fastest growing export markets for Hydrogen of South Korea between 2022 and 2023 were Turkey ($2.24M), Philippines ($768k), and Pakistan ($326k).

Imports In 2023, South Korea imported $605M in Hydrogen, becoming the 6th largest importer of Hydrogen in the world. At the same year, Hydrogen was the 142nd most imported product in South Korea. South Korea imports Hydrogen primarily from: China ($313M), United States ($123M), Japan ($61.5M), Germany ($55.2M), and France ($14.9M).

The fastest growing import markets in Hydrogen for South Korea between 2022 and 2023 were Germany ($13.3M), Norway ($3.34M), and Chinese Taipei ($3.15M).

COMPANIES In 2024, leading companies such as LG Electronics (5), Samsung (3), and General Motors (1) were at the forefront of shipping Hydrogen from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Hydrogen exports accounted up to $21.7M and imports accounted up to $73.8M, resulting in a negative trade balance of $52M. Between December 2023 and December 2024 the exports of South Korea's   Hydrogen have increased by $6.36M (41.3%) from $15.4M to $21.7M, while imports increased by $23.1M (45.6%) from $50.7M to $73.8M.

Destinations In December 2024, Hydrogen were exported mostly to Japan ($8.84M), China ($5.71M), United States ($2.47M), Vietnam ($1.05M), and Australia ($942k), and were imported mostly from China ($18M), Qatar ($16M), United States ($10.4M), Japan ($6.16M), and Vietnam ($5.67M).

Growth In December 2024, the increase in Hydrogen's year-by-year exports was explained primarily by an increase in exports to United States ($859k or 85.7%), Qatar ($340k or 340%), and Malaysia ($132k or 14.3%). In December 2024, the increase in Hydrogen's year-by-year imports was explained primarily by an increase in imports from Japan ($973k or 17.5%), France ($769k or 3.66k%), and Chinese Taipei ($76k or 92.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$6.36M(41.3%)
IMPORT GROWTH (December 2023 - December 2024)$23.1M(45.6%)
MAIN DESTINATION (December 2024)Japan$8.84M

This section shows Hydrogen'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 Hydrogen over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$92.8M
IMPORTS (2023)$605M
NET TRADE (2023)-$512M

In 2023, South Korea exported $92.8M in Hydrogen. The main destinations of South Korea exports on Hydrogen were China ($37.1M), Japan ($19.7M), Chinese Taipei ($6.21M), United States ($5.36M), and Hong Kong ($4.93M).

In 2023, South Korea imported $605M in Hydrogen, mainly from China ($313M), United States ($123M), Japan ($61.5M), Germany ($55.2M), and France ($14.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Turkey$2.24M (3.32k%)
Philippines$768k (218%)
Pakistan$326k (132%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY South Korea WERE (2022 - 2023):
China-$93.7M (-71.6%)
Singapore-$17.9M (-79.1%)
Malaysia-$16.9M (-94.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Hydrogen were:
United States $2.15B
Germany $1.95B
China $1.93B
In 2023, South Korea's main importing competitors in Hydrogen were:
China $2.1B
Japan $1.45B
Germany $1.27B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $19.8M
TOP IMPORT POTENTIALGermany+ $15M

Hydrogen’s highest export potential is China. With an export gap of $19.8M.   Hydrogen’s highest import potential is Germany with an import gap of $15M.

See methodology.

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