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2022
Exports $23.3MWorld Rnk 12 / 124
Flag Rnk 615 / 1204
2022
Destination $2.59M China
2021 - 2022
FASTEST GROWING MARKET $2.59MItaly
2022
PRODUCT COMPLEXITY IN Other Organic Compounds0.3Rnk 444 / 1025
2022
Imports $55MWorld Rnk 7 / 197
Flag Rnk 647 / 1213
2022
Origin $13.2M India
2021 - 2022
FASTEST GROWING ORIGIN $13.2MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $23.3M in Other Organic Compounds, making it the 12th largest exporter of Other Organic Compounds in the world. At the same year, Other Organic Compounds was the 615th most exported product in South Korea. The main destination of Other Organic Compounds exports from South Korea are: China ($6.11M), Italy ($3.21M), Singapore ($3.01M), Jordan ($1.67M), and United States ($1.47M).

The fastest growing export markets for Other Organic Compounds of South Korea between 2021 and 2022 were Italy ($2.59M), Jordan ($1.51M), and United Kingdom ($1.03M).

Imports In 2022, South Korea imported $55M in Other Organic Compounds, becoming the 7th largest importer of Other Organic Compounds in the world. At the same year, Other Organic Compounds was the 647th most imported product in South Korea. South Korea imports Other Organic Compounds primarily from: India ($28.7M), China ($13.4M), Japan ($6.17M), United States ($4.24M), and Chinese Taipei ($835k).

The fastest growing import markets in Other Organic Compounds for South Korea between 2021 and 2022 were India ($13.2M), Japan ($4.72M), and Chinese Taipei ($466k).

COMPANIES In 2023, leading companies such as LG Electronics (33) and General Motors (2) were at the forefront of shipping Other Organic Compounds from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Other Organic Compounds exports accounted up to $733k and imports accounted up to $1.59M, resulting in a negative trade balance of $852k. Between September 2023 and September 2024 the exports of South Korea's   Other Organic Compounds have decreased by $-90k (-10.9%) from $823k to $733k, while imports decreased by $-2.04M (-56.3%) from $3.62M to $1.59M.

Destinations In September 2024, Other Organic Compounds were exported mostly to Chinese Taipei ($144k), United States ($124k), Italy ($123k), Spain ($122k), and China ($102k), and were imported mostly from India ($699k), China ($438k), Japan ($172k), United States ($97k), and Germany ($71k).

Growth In September 2024, the decrease in Other Organic Compounds's year-by-year exports was explained primarily by a decrease in exports to China ($-1.6M or -85.6%), Japan ($-1.41M or -93.2%), and Chinese Taipei ($-483k or -99.8%). In September 2024, the decrease in Other Organic Compounds's year-by-year imports was explained primarily by a decrease in imports from China ($-1.31M or -55.2%), United States ($-527k or -80.5%), and India ($-127k or -9.18%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-90k(-10.9%)
IMPORT GROWTH (September 2023 - September 2024)$-2.04M(-56.3%)
MAIN DESTINATION (September 2024)Chinese Taipei$144k

This section shows Other Organic Compounds'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 Organic Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.3M
IMPORTS (2022)$55M
NET TRADE (2022)-$31.7M

In 2022, South Korea exported $23.3M in Other Organic Compounds. The main destinations of South Korea exports on Other Organic Compounds were China ($6.11M), Italy ($3.21M), Singapore ($3.01M), Jordan ($1.67M), and United States ($1.47M).

In 2022, South Korea imported $55M in Other Organic Compounds, mainly from India ($28.7M), China ($13.4M), Japan ($6.17M), United States ($4.24M), and Chinese Taipei ($835k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Organic Compounds EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Italy$2.59M (420%)
Jordan$1.51M (920%)
United Kingdom$1.03M (3.45k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Organic Compounds BY South Korea WERE (2021 - 2022):
Japan-$15.2M (-92%)
China-$11.8M (-65.9%)
Chinese Taipei-$5.44M (-79%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Other Organic Compounds were:
India $712M
United States $114M
China $110M
In 2022, South Korea's main importing competitors in Other Organic Compounds were:
Japan $198M
United States $110M
Malaysia $76.8M

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Trade Value of Other Organic Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $628k
TOP IMPORT POTENTIALIndia+ $2.27M

Other Organic Compounds’s highest export potential is United States. With an export gap of $628k.   Other Organic Compounds’s highest import potential is India with an import gap of $2.27M.

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