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Exports In 2022, South Korea exported $52.3M in Lithium carbonates, making it the 7th largest exporter of Lithium carbonates in the world. At the same year, Lithium carbonates was the 881st most exported product in South Korea. The main destination of Lithium carbonates exports from South Korea are: China ($34.6M), Japan ($15.5M), Malaysia ($1.5M), Hungary ($689k), and Philippines ($62.3k).

The fastest growing export markets for Lithium carbonates of South Korea between 2021 and 2022 were Japan ($11.2M), China ($1.03M), and Philippines ($62.3k).

Imports In 2022, South Korea imported $1.38B in Lithium carbonates, becoming the 2nd largest importer of Lithium carbonates in the world. At the same year, Lithium carbonates was the 52nd most imported product in South Korea. South Korea imports Lithium carbonates primarily from: Chile ($992M), China ($277M), Argentina ($93.5M), United Kingdom ($12.4M), and Japan ($5.68M).

The fastest growing import markets in Lithium carbonates for South Korea between 2021 and 2022 were Chile ($741M), China ($219M), and Argentina ($77.2M).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Lithium carbonates from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Lithium carbonates. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$52.3M
IMPORTS (2022)$1.38B
NET TRADE (2022)-$1.33B

In 2022, South Korea exported $52.3M in Lithium carbonates. The main destinations of South Korea exports on Lithium carbonates were China ($34.6M), Japan ($15.5M), Malaysia ($1.5M), Hungary ($689k), and Philippines ($62.3k).

In 2022, South Korea imported $1.38B in Lithium carbonates, mainly from Chile ($992M), China ($277M), Argentina ($93.5M), United Kingdom ($12.4M), and Japan ($5.68M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lithium carbonates EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$11.2M (263%)
China$1.03M (3.06%)
Philippines$62.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lithium carbonates BY South Korea WERE (2021 - 2022):
Russia-$4.14M (-100%)
Hungary-$1.39M (-66.9%)
Malaysia-$41.7k (-2.71%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, South Korea's main exporting competitors in Lithium carbonates were:
In 2022, South Korea's main importing competitors in Lithium carbonates were:
China $6.17B
Japan $1.07B

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Trade Value of Lithium carbonates by Exporters

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