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2022
Exports $239MWorld Rnk 42 / 151
Flag Rnk 245 / 1204
2022
Destination $21.7M Japan
2021 - 2022
FASTEST GROWING MARKET $21.7MIndonesia
2022
PRODUCT COMPLEXITY IN Nitrogenous Fertilizers-1.29Rnk 905 / 1025
2022
Imports $628MWorld Rnk 21 / 211
Flag Rnk 161 / 1213
2022
Origin $120M China
2021 - 2022
FASTEST GROWING ORIGIN $120MQatar
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $239M in Nitrogenous Fertilizers, making it the 42nd largest exporter of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 245th most exported product in South Korea. The main destination of Nitrogenous Fertilizers exports from South Korea are: Japan ($35.2M), Mexico ($29.2M), Indonesia ($26.2M), United States ($25.7M), and New Zealand ($20.6M).

The fastest growing export markets for Nitrogenous Fertilizers of South Korea between 2021 and 2022 were Indonesia ($21.7M), Mexico ($14.9M), and Japan ($13.5M).

Imports In 2022, South Korea imported $628M in Nitrogenous Fertilizers, becoming the 21st largest importer of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 161st most imported product in South Korea. South Korea imports Nitrogenous Fertilizers primarily from: China ($268M), Qatar ($139M), Saudi Arabia ($47M), Indonesia ($45.9M), and Vietnam ($45.4M).

The fastest growing import markets in Nitrogenous Fertilizers for South Korea between 2021 and 2022 were Qatar ($120M), Saudi Arabia ($37.8M), and Indonesia ($28M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Nitrogenous Fertilizers exports accounted up to $11.6M and imports accounted up to $14.7M, resulting in a negative trade balance of $3.11M. Between September 2023 and September 2024 the exports of South Korea's   Nitrogenous Fertilizers have increased by $2.8M (31.8%) from $8.79M to $11.6M, while imports decreased by $-7.84M (-34.8%) from $22.5M to $14.7M.

Destinations In September 2024, Nitrogenous Fertilizers were exported mostly to New Zealand ($4M), Indonesia ($2.12M), Japan ($1.74M), Vietnam ($966k), and Chinese Taipei ($726k), and were imported mostly from China ($5.64M), Vietnam ($4.26M), Malaysia ($2.46M), Japan ($868k), and Indonesia ($489k).

Growth In September 2024, the increase in Nitrogenous Fertilizers's year-by-year exports was explained primarily by an increase in exports to Indonesia ($6.5M or 650k%), New Zealand ($3.54M or 2.77k%), and Vietnam ($2.12M or 845%). In September 2024, the decrease in Nitrogenous Fertilizers's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-31.4M or -100%), Indonesia ($-20.5M or -100%), and Qatar ($-19.2M or -59.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$2.8M(31.8%)
IMPORT GROWTH (September 2023 - September 2024)$-7.84M(-34.8%)
MAIN DESTINATION (September 2024)New Zealand$4M

This section shows Nitrogenous Fertilizers'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 Nitrogenous Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$239M
IMPORTS (2022)$628M
NET TRADE (2022)-$389M

In 2022, South Korea exported $239M in Nitrogenous Fertilizers. The main destinations of South Korea exports on Nitrogenous Fertilizers were Japan ($35.2M), Mexico ($29.2M), Indonesia ($26.2M), United States ($25.7M), and New Zealand ($20.6M).

In 2022, South Korea imported $628M in Nitrogenous Fertilizers, mainly from China ($268M), Qatar ($139M), Saudi Arabia ($47M), Indonesia ($45.9M), and Vietnam ($45.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitrogenous Fertilizers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Indonesia$21.7M (478%)
Mexico$14.9M (104%)
Japan$13.5M (62.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrogenous Fertilizers BY South Korea WERE (2021 - 2022):
Turkey-$15.5M (-99.9%)
Thailand-$5.87M (-39.2%)
Vietnam-$4.39M (-43.6%)
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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 Nitrogenous Fertilizers were:
Russia $6.27B
China $5.59B
Oman $4.14B
In 2022, South Korea's main importing competitors in Nitrogenous Fertilizers were:
India $7.37B
Brazil $6.03B
United States $4.79B

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Trade Value of Nitrogenous Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.1M
TOP IMPORT POTENTIALSaudi Arabia+ $36.5M

Nitrogenous Fertilizers’s highest export potential is United States. With an export gap of $14.1M.   Nitrogenous Fertilizers’s highest import potential is Saudi Arabia with an import gap of $36.5M.

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