2022
Exports
$129MWorld Rnk 18 / 188
Flag Rnk 72 / 96
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$375MWorld Rnk 6 / 212
Flag Rnk 73 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $129M in Natural gums, resins & other vegetable extracts, making it the 18th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 72nd most exported product in South Korea. The main destination of Natural gums, resins & other vegetable extracts exports from South Korea are: Japan ($34.9M), United States ($27.3M), China ($18.6M), Denmark ($10.1M), and Thailand ($4.99M).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of South Korea between 2021 and 2022 were Denmark ($4.31M), Thailand ($3.03M), and Netherlands ($1.2M).

Imports In 2022, South Korea imported $375M in Natural gums, resins & other vegetable extracts, becoming the 6th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 73rd most imported product in South Korea. South Korea imports Natural gums, resins & other vegetable extracts primarily from: China ($97.8M), Vietnam ($62.3M), India ($46.6M), France ($34.8M), and United States ($34.4M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for South Korea between 2021 and 2022 were France ($25.5M), Vietnam ($19.8M), and China ($11.7M).

Latest Trends

March 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)$-1.45M(-14%)
IMPORT GROWTH (March 2023 - March 2024)$-10.2M(-30%)
MAIN DESTINATION (March 2024)United States$2.37M

This section shows Natural gums, resins & other vegetable extracts'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 Natural gums, resins & other vegetable extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$129M
IMPORTS (2022)$375M
NET TRADE (2022)-$246M

In 2022, South Korea exported $129M in Natural gums, resins & other vegetable extracts. The main destinations of South Korea exports on Natural gums, resins & other vegetable extracts were Japan ($34.9M), United States ($27.3M), China ($18.6M), Denmark ($10.1M), and Thailand ($4.99M).

In 2022, South Korea imported $375M in Natural gums, resins & other vegetable extracts, mainly from China ($97.8M), Vietnam ($62.3M), India ($46.6M), France ($34.8M), and United States ($34.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Denmark$4.31M (74.8%)
Thailand$3.03M (154%)
Netherlands$1.2M (53.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY South Korea WERE (2021 - 2022):
China-$4.79M (-20.5%)
Chinese Taipei-$2.16M (-36.4%)
Indonesia-$1.71M (-52.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, South Korea's main importing competitors in Natural gums, resins & other vegetable extracts were:

Explore Visualizations

Trade Value of Natural gums, resins & other vegetable extracts by Exporters

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