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2022
Exports $252MWorld Rnk 11 / 131
Flag Rnk 241 / 1204
2022
Destination $5.57M China
2021 - 2022
FASTEST GROWING MARKET $5.57MItaly
2022
PRODUCT COMPLEXITY IN Ketones and Quinones1.37Rnk 79 / 1025
2022
Imports $284MWorld Rnk 8 / 203
Flag Rnk 284 / 1213
2022
Origin $44.8M China
2021 - 2022
FASTEST GROWING ORIGIN $44.8MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $252M in Ketones and Quinones, making it the 11th largest exporter of Ketones and Quinones in the world. At the same year, Ketones and Quinones was the 241st most exported product in South Korea. The main destination of Ketones and Quinones exports from South Korea are: China ($113M), India ($65.7M), Japan ($14.3M), Netherlands ($13.6M), and Belgium ($7.55M).

The fastest growing export markets for Ketones and Quinones of South Korea between 2021 and 2022 were Italy ($5.57M), Indonesia ($2.33M), and Thailand ($1.51M).

Imports In 2022, South Korea imported $284M in Ketones and Quinones, becoming the 8th largest importer of Ketones and Quinones in the world. At the same year, Ketones and Quinones was the 284th most imported product in South Korea. South Korea imports Ketones and Quinones primarily from: China ($167M), Japan ($77.4M), United States ($15.6M), India ($4.36M), and Belgium ($4.05M).

The fastest growing import markets in Ketones and Quinones for South Korea between 2021 and 2022 were China ($44.8M), Belgium ($3.9M), and Mexico ($1.41M).

COMPANIES In 2023, leading companies such as LG Electronics (23), Tesla (6), and General Motors (1) were at the forefront of shipping Ketones and Quinones from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Ketones and Quinones exports accounted up to $10.9M and imports accounted up to $17.8M, resulting in a negative trade balance of $6.85M. Between October 2023 and October 2024 the exports of South Korea's   Ketones and Quinones have decreased by $-3.4M (-23.7%) from $14.3M to $10.9M, while imports decreased by $-654k (-3.55%) from $18.4M to $17.8M.

Destinations In October 2024, Ketones and Quinones were exported mostly to India ($5.75M), China ($2.69M), Netherlands ($841k), Thailand ($468k), and United States ($262k), and were imported mostly from China ($12.1M), Japan ($4.2M), United States ($410k), Mexico ($367k), and India ($345k).

Growth In October 2024, the decrease in Ketones and Quinones's year-by-year exports was explained primarily by a decrease in exports to India ($-3.45M or -94.5%), Japan ($-1.58M or -90.4%), and China ($-1.08M or -9.42%). In October 2024, the decrease in Ketones and Quinones's year-by-year imports was explained primarily by a decrease in imports from China ($-6.43M or -34.6%), United States ($-1.36M or -63%), and Chinese Taipei ($-347k or -80.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-3.4M(-23.7%)
IMPORT GROWTH (October 2023 - October 2024)$-654k(-3.55%)
MAIN DESTINATION (October 2024)India$5.75M

This section shows Ketones and Quinones'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 Ketones and Quinones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$252M
IMPORTS (2022)$284M
NET TRADE (2022)-$32.5M

In 2022, South Korea exported $252M in Ketones and Quinones. The main destinations of South Korea exports on Ketones and Quinones were China ($113M), India ($65.7M), Japan ($14.3M), Netherlands ($13.6M), and Belgium ($7.55M).

In 2022, South Korea imported $284M in Ketones and Quinones, mainly from China ($167M), Japan ($77.4M), United States ($15.6M), India ($4.36M), and Belgium ($4.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ketones and Quinones EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Italy$5.57M (917%)
Indonesia$2.33M (186%)
Thailand$1.51M (149%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ketones and Quinones BY South Korea WERE (2021 - 2022):
China-$27.8M (-19.8%)
India-$17.4M (-20.9%)
Mexico-$10.3M (-99.8%)
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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 Ketones and Quinones were:
China $2.07B
Germany $620M
India $618M
In 2022, South Korea's main importing competitors in Ketones and Quinones were:
United States $1.04B
Germany $688M
China $654M

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Trade Value of Ketones and Quinones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.41M
TOP IMPORT POTENTIALChina+ $8.14M

Ketones and Quinones’s highest export potential is United States. With an export gap of $5.41M.   Ketones and Quinones’s highest import potential is China with an import gap of $8.14M.

See methodology.

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