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Exports In 2022, South Korea exported $1.81M in Nitrates of metals except potassium and bismuth, making it the 26th largest exporter of Nitrates of metals except potassium and bismuth in the world. At the same year, Nitrates of metals except potassium and bismuth was the 2668th most exported product in South Korea. The main destination of Nitrates of metals except potassium and bismuth exports from South Korea are: Nigeria ($592k), Germany ($536k), Malaysia ($233k), Uzbekistan ($160k), and United Kingdom ($99.4k).

The fastest growing export markets for Nitrates of metals except potassium and bismuth of South Korea between 2021 and 2022 were Nigeria ($592k), Germany ($274k), and Uzbekistan ($129k).

Imports In 2022, South Korea imported $25.2M in Nitrates of metals except potassium and bismuth, becoming the 6th largest importer of Nitrates of metals except potassium and bismuth in the world. At the same year, Nitrates of metals except potassium and bismuth was the 1686th most imported product in South Korea. South Korea imports Nitrates of metals except potassium and bismuth primarily from: China ($13M), Japan ($3.37M), Spain ($3.31M), Norway ($1.9M), and United States ($1.07M).

The fastest growing import markets in Nitrates of metals except potassium and bismuth for South Korea between 2021 and 2022 were Japan ($1.17M), Spain ($686k), and India ($489k).

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 Nitrates of metals except potassium and bismuth from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Nitrates of metals except potassium and bismuth. 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)$1.81M
IMPORTS (2022)$25.2M
NET TRADE (2022)-$23.4M

In 2022, South Korea exported $1.81M in Nitrates of metals except potassium and bismuth. The main destinations of South Korea exports on Nitrates of metals except potassium and bismuth were Nigeria ($592k), Germany ($536k), Malaysia ($233k), Uzbekistan ($160k), and United Kingdom ($99.4k).

In 2022, South Korea imported $25.2M in Nitrates of metals except potassium and bismuth, mainly from China ($13M), Japan ($3.37M), Spain ($3.31M), Norway ($1.9M), and United States ($1.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitrates of metals except potassium and bismuth EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Nigeria$592k (1%)
Germany$274k (104%)
Uzbekistan$129k (405%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrates of metals except potassium and bismuth BY South Korea WERE (2021 - 2022):
Cambodia-$76.7k (-98.5%)
Chinese Taipei-$41.1k (-48.3%)
China-$17.2k (-80.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, South Korea's main exporting competitors in Nitrates of metals except potassium and bismuth were:
In 2022, South Korea's main importing competitors in Nitrates of metals except potassium and bismuth were:

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Trade Value of Nitrates of metals except potassium and bismuth by Exporters

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