2022
Exports
$639MWorld Rnk 15 / 162
Flag Rnk 140 / 1204
2022
PRODUCT COMPLEXITY IN Nitrogen Heterocyclic Compounds
1.22Rnk 103 / 1025
2022
Imports
$1.42BWorld Rnk 16 / 211
Flag Rnk 73 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $639M in Nitrogen Heterocyclic Compounds, making it the 15th largest exporter of Nitrogen Heterocyclic Compounds in the world. At the same year, Nitrogen Heterocyclic Compounds was the 140th most exported product in South Korea. The main destination of Nitrogen Heterocyclic Compounds exports from South Korea are: Japan ($134M), China ($129M), United States ($63.7M), Brazil ($50.7M), and Germany ($49.2M).

The fastest growing export markets for Nitrogen Heterocyclic Compounds of South Korea between 2021 and 2022 were Japan ($28.5M), Germany ($27M), and United States ($14.5M).

Imports In 2022, South Korea imported $1.42B in Nitrogen Heterocyclic Compounds, becoming the 16th largest importer of Nitrogen Heterocyclic Compounds in the world. At the same year, Nitrogen Heterocyclic Compounds was the 73rd most imported product in South Korea. South Korea imports Nitrogen Heterocyclic Compounds primarily from: China ($693M), Japan ($180M), India ($146M), Germany ($98.7M), and United States ($97.7M).

The fastest growing import markets in Nitrogen Heterocyclic Compounds for South Korea between 2021 and 2022 were China ($93.1M), India ($40.2M), and United Kingdom ($21.2M).

COMPANIES In 2023, leading companies such as LG Electronics (1.05k), Samsung (126), and Nexen Tire (11) were at the forefront of shipping Nitrogen Heterocyclic Compounds from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$10.2M(30.8%)
IMPORT GROWTH (July 2023 - July 2024)$43M(46.6%)
MAIN DESTINATION (July 2024)Japan$11.6M

This section shows Nitrogen Heterocyclic Compounds'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 Nitrogen Heterocyclic Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$639M
IMPORTS (2022)$1.42B
NET TRADE (2022)-$782M

In 2022, South Korea exported $639M in Nitrogen Heterocyclic Compounds. The main destinations of South Korea exports on Nitrogen Heterocyclic Compounds were Japan ($134M), China ($129M), United States ($63.7M), Brazil ($50.7M), and Germany ($49.2M).

In 2022, South Korea imported $1.42B in Nitrogen Heterocyclic Compounds, mainly from China ($693M), Japan ($180M), India ($146M), Germany ($98.7M), and United States ($97.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitrogen Heterocyclic Compounds EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$28.5M (26.9%)
Germany$27M (121%)
United States$14.5M (29.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrogen Heterocyclic Compounds BY South Korea WERE (2021 - 2022):
China-$38.1M (-22.8%)
India-$36.1M (-43.7%)
Ireland-$28.7M (-87.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Nitrogen Heterocyclic Compounds were:
In 2022, South Korea's main importing competitors in Nitrogen Heterocyclic Compounds were:

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Trade Value of Nitrogen Heterocyclic Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $46M
TOP IMPORT POTENTIALChina+ $149M

Nitrogen Heterocyclic Compounds’s highest export potential is China. With an export gap of $46M.   Nitrogen Heterocyclic Compounds’s highest import potential is China with an import gap of $149M.

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