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Pricing

2022
Exports $183MWorld Rnk 11 / 161
Flag Rnk 294 / 1204
2022
Destination $7.64M China
2021 - 2022
FASTEST GROWING MARKET $7.64MRussia
2022
PRODUCT COMPLEXITY IN Other Inorganic Acids0.33Rnk 431 / 1025
2022
Imports $445MWorld Rnk 3 / 214
Flag Rnk 209 / 1213
2022
Origin $44.1M China
2021 - 2022
FASTEST GROWING ORIGIN $44.1MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $183M in Other Inorganic Acids, making it the 11th largest exporter of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 294th most exported product in South Korea. The main destination of Other Inorganic Acids exports from South Korea are: China ($60.7M), United States ($27.6M), Japan ($11.5M), Thailand ($10.5M), and Philippines ($10.1M).

The fastest growing export markets for Other Inorganic Acids of South Korea between 2021 and 2022 were Russia ($7.64M), Philippines ($2.72M), and United States ($1.98M).

Imports In 2022, South Korea imported $445M in Other Inorganic Acids, becoming the 3rd largest importer of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 209th most imported product in South Korea. South Korea imports Other Inorganic Acids primarily from: China ($290M), Japan ($72.1M), Chinese Taipei ($35.4M), United States ($13.1M), and Israel ($7.25M).

The fastest growing import markets in Other Inorganic Acids for South Korea between 2021 and 2022 were China ($44.1M), Chinese Taipei ($7.41M), and Israel ($3.39M).

COMPANIES In 2023, leading companies such as Samsung (25) were at the forefront of shipping Other Inorganic Acids from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Other Inorganic Acids exports accounted up to $12.7M and imports accounted up to $34.3M, resulting in a negative trade balance of $21.6M. Between October 2023 and October 2024 the exports of South Korea's   Other Inorganic Acids have increased by $42k (0.33%) from $12.6M to $12.7M, while imports increased by $7.15M (26.3%) from $27.2M to $34.3M.

Destinations In October 2024, Other Inorganic Acids were exported mostly to China ($4.54M), Japan ($1.71M), United States ($1.24M), Thailand ($995k), and Poland ($908k), and were imported mostly from China ($20.5M), Japan ($7.07M), United States ($1.9M), Chinese Taipei ($1.57M), and Germany ($1.02M).

Growth In October 2024, the increase in Other Inorganic Acids's year-by-year exports was explained primarily by an increase in exports to Russia ($1.07M or 17.9k%), Japan ($389k or 32.9%), and China ($379k or 7.99%). In October 2024, the increase in Other Inorganic Acids's year-by-year imports was explained primarily by an increase in imports from United States ($570k or 46.3%), Poland ($295k or 1.48k%), and India ($63k or 59.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$42k(0.33%)
IMPORT GROWTH (October 2023 - October 2024)$7.15M(26.3%)
MAIN DESTINATION (October 2024)China$4.54M

This section shows Other Inorganic Acids'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$183M
IMPORTS (2022)$445M
NET TRADE (2022)-$262M

In 2022, South Korea exported $183M in Other Inorganic Acids. The main destinations of South Korea exports on Other Inorganic Acids were China ($60.7M), United States ($27.6M), Japan ($11.5M), Thailand ($10.5M), and Philippines ($10.1M).

In 2022, South Korea imported $445M in Other Inorganic Acids, mainly from China ($290M), Japan ($72.1M), Chinese Taipei ($35.4M), United States ($13.1M), and Israel ($7.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Inorganic Acids EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$7.64M (2.94k%)
Philippines$2.72M (36.8%)
United States$1.98M (7.73%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Inorganic Acids BY South Korea WERE (2021 - 2022):
Poland-$5.01M (-34.6%)
Malaysia-$1.47M (-46.4%)
Japan-$1.41M (-11%)
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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 were:
China $1.9B
Germany $790M
Japan $453M
In 2022, South Korea's main importing competitors in Other Inorganic Acids were:
United States $760M
China $565M

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Trade Value of Other Inorganic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.96M
TOP IMPORT POTENTIALGermany+ $4.22M

Other Inorganic Acids’s highest export potential is China. With an export gap of $5.96M.   Other Inorganic Acids’s highest import potential is Germany with an import gap of $4.22M.

See methodology.

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