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2022
Exports $62.4MWorld Rnk 6 / 108
Flag Rnk 450 / 1204
2022
Destination $2.14M China
2021 - 2022
FASTEST GROWING MARKET $2.14MMexico
2022
PRODUCT COMPLEXITY IN Other Inorganic Acids Salts1Rnk 169 / 1025
2022
Imports $30.6MWorld Rnk 15 / 187
Flag Rnk 766 / 1213
2022
Origin $2.76M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.76MCroatia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $62.4M in Other Inorganic Acids Salts, making it the 6th largest exporter of Other Inorganic Acids Salts in the world. At the same year, Other Inorganic Acids Salts was the 450th most exported product in South Korea. The main destination of Other Inorganic Acids Salts exports from South Korea are: China ($33.7M), Japan ($8.09M), Vietnam ($3.04M), Turkey ($2.64M), and Malaysia ($2.23M).

The fastest growing export markets for Other Inorganic Acids Salts of South Korea between 2021 and 2022 were Mexico ($2.14M), Malaysia ($1.12M), and Brazil ($579k).

Imports In 2022, South Korea imported $30.6M in Other Inorganic Acids Salts, becoming the 15th largest importer of Other Inorganic Acids Salts in the world. At the same year, Other Inorganic Acids Salts was the 766th most imported product in South Korea. South Korea imports Other Inorganic Acids Salts primarily from: Japan ($13.6M), China ($5.45M), United States ($4.52M), Croatia ($2.76M), and United Kingdom ($1.2M).

The fastest growing import markets in Other Inorganic Acids Salts for South Korea between 2021 and 2022 were Croatia ($2.76M), Japan ($1.33M), and France ($527k).

COMPANIES In 2023, leading companies such as General Motors (1) were at the forefront of shipping Other Inorganic Acids Salts from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Other Inorganic Acids Salts exports accounted up to $6.63M and imports accounted up to $2.64M, resulting in a positive trade balance of $3.99M. Between October 2023 and October 2024 the exports of South Korea's   Other Inorganic Acids Salts have decreased by $-31k (-0.47%) from $6.66M to $6.63M, while imports decreased by $-507k (-16.1%) from $3.15M to $2.64M.

Destinations In October 2024, Other Inorganic Acids Salts were exported mostly to China ($3.65M), India ($755k), Japan ($687k), Vietnam ($385k), and Turkey ($331k), and were imported mostly from Japan ($1.57M), China ($833k), Malaysia ($163k), United States ($47k), and India ($16k).

Growth In October 2024, the decrease in Other Inorganic Acids Salts's year-by-year exports was explained primarily by a decrease in exports to United States ($-473k or -85.5%), Vietnam ($-247k or -60.7%), and Germany ($-106k or -100%). In October 2024, the decrease in Other Inorganic Acids Salts's year-by-year imports was explained primarily by a decrease in imports from Germany ($-82k or -97.6%) and Ireland ($-1k or -50%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-31k(-0.47%)
IMPORT GROWTH (October 2023 - October 2024)$-507k(-16.1%)
MAIN DESTINATION (October 2024)China$3.65M

This section shows Other Inorganic Acids Salts'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 Other Inorganic Acids Salts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$62.4M
IMPORTS (2022)$30.6M
NET TRADE (2022)$31.8M

In 2022, South Korea exported $62.4M in Other Inorganic Acids Salts. The main destinations of South Korea exports on Other Inorganic Acids Salts were China ($33.7M), Japan ($8.09M), Vietnam ($3.04M), Turkey ($2.64M), and Malaysia ($2.23M).

In 2022, South Korea imported $30.6M in Other Inorganic Acids Salts, mainly from Japan ($13.6M), China ($5.45M), United States ($4.52M), Croatia ($2.76M), and United Kingdom ($1.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Inorganic Acids Salts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Mexico$2.14M (9.15k%)
Malaysia$1.12M (102%)
Brazil$579k (51%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Inorganic Acids Salts BY South Korea WERE (2021 - 2022):
China-$2.96M (-8.07%)
United States-$1.93M (-70.7%)
Philippines-$933k (-33.5%)
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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 Other Inorganic Acids Salts were:
China $368M
Germany $290M
Netherlands $175M
In 2022, South Korea's main importing competitors in Other Inorganic Acids Salts were:
United States $181M
Netherlands $169M
China $140M

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Trade Value of Other Inorganic Acids Salts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.05M
TOP IMPORT POTENTIALChina+ $3.09M

Other Inorganic Acids Salts’s highest export potential is United States. With an export gap of $1.05M.   Other Inorganic Acids Salts’s highest import potential is China with an import gap of $3.09M.

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