2023
Exports
$167MWorld Rnk 41 / 149
Flag Rnk 279 / 1188
2023
PRODUCT COMPLEXITY IN Nitrogenous Fertilizers
-1.31Rnk 901 / 1025
2023
Imports
$267MWorld Rnk 32 / 209
Flag Rnk 254 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $167M in Nitrogenous Fertilizers, making it the 41st largest exporter of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 279th most exported product in South Korea. The main destination of Nitrogenous Fertilizers exports from South Korea are: Indonesia ($29.9M), United States ($25.2M), Japan ($17M), New Zealand ($15.1M), and Philippines ($14.1M).

The fastest growing export markets for Nitrogenous Fertilizers of South Korea between 2022 and 2023 were Australia ($14M), Indonesia ($5.86M), and Italy ($3.48M).

Imports In 2023, South Korea imported $267M in Nitrogenous Fertilizers, becoming the 32nd largest importer of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 254th most imported product in South Korea. South Korea imports Nitrogenous Fertilizers primarily from: China ($183M), Saudi Arabia ($30M), Malaysia ($19.7M), Indonesia ($16M), and Brunei ($5.58M).

The fastest growing import markets in Nitrogenous Fertilizers for South Korea between 2022 and 2023 were Germany ($1.09M), United Kingdom ($200k), and Spain ($124k).

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-4.73M(-39.5%)
IMPORT GROWTH (January 2024 - January 2025)$-16.9M(-30.9%)
MAIN DESTINATION (January 2025)Australia$2.88M

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 (2023)$167M
IMPORTS (2023)$267M
NET TRADE (2023)-$99.6M

In 2023, South Korea exported $167M in Nitrogenous Fertilizers. The main destinations of South Korea exports on Nitrogenous Fertilizers were Indonesia ($29.9M), United States ($25.2M), Japan ($17M), New Zealand ($15.1M), and Philippines ($14.1M).

In 2023, South Korea imported $267M in Nitrogenous Fertilizers, mainly from China ($183M), Saudi Arabia ($30M), Malaysia ($19.7M), Indonesia ($16M), and Brunei ($5.58M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nitrogenous Fertilizers EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Australia$14M (20.4k%)
Indonesia$5.86M (24.4%)
Italy$3.48M (48.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrogenous Fertilizers BY South Korea WERE (2022 - 2023):
Mexico-$29.2M (-100%)
Brazil-$19.2M (-100%)
Ukraine-$13M (-97.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Nitrogenous Fertilizers were:
Russia $5.34B
China $5.05B
Oman $2.61B
In 2023, South Korea's main importing competitors in Nitrogenous Fertilizers were:

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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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