2023
Exports
$139MWorld Rnk 12 / 162
Flag Rnk 303 / 1188
2023
PRODUCT COMPLEXITY IN Other Inorganic Acids
0.46Rnk 375 / 1025
2023
Imports
$341MWorld Rnk 5 / 213
Flag Rnk 216 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $139M in Other Inorganic Acids, making it the 12th largest exporter of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 303rd most exported product in South Korea. The main destination of Other Inorganic Acids exports from South Korea are: China ($38.9M), Japan ($16.1M), United States ($15.8M), Thailand ($15.3M), and Philippines ($7.44M).

The fastest growing export markets for Other Inorganic Acids of South Korea between 2022 and 2023 were Japan ($5.26M), Thailand ($4.4M), and United Arab Emirates ($1.56M).

Imports In 2023, South Korea imported $341M in Other Inorganic Acids, becoming the 5th largest importer of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 216th most imported product in South Korea. South Korea imports Other Inorganic Acids primarily from: China ($210M), Japan ($77.5M), Chinese Taipei ($19.1M), United States ($10.6M), and Germany ($5.22M).

The fastest growing import markets in Other Inorganic Acids for South Korea between 2022 and 2023 were Japan ($13.3M), Singapore ($317k), and Poland ($288k).

COMPANIES In 2024, leading companies such as Electrolux (1) were at the forefront of shipping Other Inorganic Acids from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-2.55M(-17.3%)
IMPORT GROWTH (January 2024 - January 2025)$-3.23M(-9.26%)
MAIN DESTINATION (January 2025)China$3.96M

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 (2023)$139M
IMPORTS (2023)$341M
NET TRADE (2023)-$202M

In 2023, South Korea exported $139M in Other Inorganic Acids. The main destinations of South Korea exports on Other Inorganic Acids were China ($38.9M), Japan ($16.1M), United States ($15.8M), Thailand ($15.3M), and Philippines ($7.44M).

In 2023, South Korea imported $341M in Other Inorganic Acids, mainly from China ($210M), Japan ($77.5M), Chinese Taipei ($19.1M), United States ($10.6M), and Germany ($5.22M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Inorganic Acids EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Japan$5.26M (48.4%)
Thailand$4.4M (40.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Inorganic Acids BY South Korea WERE (2022 - 2023):
China-$16.3M (-29.5%)
United States-$12M (-43.2%)
Russia-$7.9M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Other Inorganic Acids were:
China $1.62B
Japan $434M
In 2023, South Korea's main importing competitors in Other Inorganic Acids were:

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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.

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