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2022
Exports $2.92MWorld Rnk 15 / 79
Flag Rnk 891 / 1204
2022
Destination $427k Bangladesh
2021 - 2022
FASTEST GROWING MARKET $427kIndonesia
2022
Imports $25.2MWorld Rnk 3 / 156
Flag Rnk 798 / 1213
2022
Origin $2.23M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.23MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.92M in Magnesium Hydroxide and Peroxide, making it the 15th largest exporter of Magnesium Hydroxide and Peroxide in the world. At the same year, Magnesium Hydroxide and Peroxide was the 891st most exported product in South Korea. The main destination of Magnesium Hydroxide and Peroxide exports from South Korea are: Bangladesh ($775k), India ($652k), Indonesia ($584k), China ($251k), and Guatemala ($235k).

The fastest growing export markets for Magnesium Hydroxide and Peroxide of South Korea between 2021 and 2022 were Indonesia ($427k), Bangladesh ($402k), and India ($331k).

Imports In 2022, South Korea imported $25.2M in Magnesium Hydroxide and Peroxide, becoming the 3rd largest importer of Magnesium Hydroxide and Peroxide in the world. At the same year, Magnesium Hydroxide and Peroxide was the 798th most imported product in South Korea. South Korea imports Magnesium Hydroxide and Peroxide primarily from: Japan ($11.4M), China ($7.91M), Russia ($3.77M), Germany ($509k), and Israel ($424k).

The fastest growing import markets in Magnesium Hydroxide and Peroxide for South Korea between 2021 and 2022 were Japan ($2.23M), Russia ($796k), and Israel ($398k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Magnesium Hydroxide and Peroxide exports accounted up to $23k and imports accounted up to $2.12M, resulting in a negative trade balance of $2.1M. Between July 2023 and July 2024 the exports of South Korea's   Magnesium Hydroxide and Peroxide have decreased by $-235k (-91.1%) from $258k to $23k, while imports increased by $204k (10.6%) from $1.92M to $2.12M.

Destinations In July 2024, Magnesium Hydroxide and Peroxide were exported mostly to Japan ($15k), Philippines ($4k), Chinese Taipei ($2k), United States ($2k), and China ($0), and were imported mostly from China ($1.11M), Russia ($543k), Japan ($338k), Slovakia ($65k), and Austria ($64k).

Growth In July 2024, the decrease in Magnesium Hydroxide and Peroxide's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-24k or -43.6%) and Hong Kong ($-1k or -12.5%). In July 2024, the increase in Magnesium Hydroxide and Peroxide's year-by-year imports was explained primarily by an increase in imports from Russia ($39k or 21.7%) and United States ($1k or 9.09%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-235k(-91.1%)
IMPORT GROWTH (July 2023 - July 2024)$204k(10.6%)
MAIN DESTINATION (July 2024)Japan$15k

This section shows Magnesium Hydroxide and Peroxide'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 Magnesium Hydroxide and Peroxide over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.92M
IMPORTS (2022)$25.2M
NET TRADE (2022)-$22.3M

In 2022, South Korea exported $2.92M in Magnesium Hydroxide and Peroxide. The main destinations of South Korea exports on Magnesium Hydroxide and Peroxide were Bangladesh ($775k), India ($652k), Indonesia ($584k), China ($251k), and Guatemala ($235k).

In 2022, South Korea imported $25.2M in Magnesium Hydroxide and Peroxide, mainly from Japan ($11.4M), China ($7.91M), Russia ($3.77M), Germany ($509k), and Israel ($424k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Hydroxide and Peroxide EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Indonesia$427k (272%)
Bangladesh$402k (108%)
India$331k (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Hydroxide and Peroxide BY South Korea WERE (2021 - 2022):
Vietnam-$27.9k (-28.7%)
Turkey-$25.3k (-76.4%)
Italy-$24.1k (-48.2%)
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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 Magnesium Hydroxide and Peroxide were:
China $58.1M
Russia $49.1M
Netherlands $35.4M
In 2022, South Korea's main importing competitors in Magnesium Hydroxide and Peroxide were:
United States $33.1M
China $29.1M

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Trade Value of Magnesium Hydroxide and Peroxide by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $226k
TOP IMPORT POTENTIALUnited States+ $182k

Magnesium Hydroxide and Peroxide’s highest export potential is China. With an export gap of $226k.   Magnesium Hydroxide and Peroxide’s highest import potential is United States with an import gap of $182k.

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