2022
Exports
$2.38BWorld Rnk 12 / 217
Flag Rnk 21 / 96
2022
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.08Rnk 144 / 1025
2022
Imports
$2.3BWorld Rnk 14 / 225
Flag Rnk 35 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.38B in Paints, dyes, & varnishes, making it the 12th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 21st most exported product in South Korea. The main destination of Paints, dyes, & varnishes exports from South Korea are: China ($711M), Vietnam ($270M), United States ($162M), Philippines ($129M), and India ($107M).

The fastest growing export markets for Paints, dyes, & varnishes of South Korea between 2021 and 2022 were Philippines ($104M), United States ($22.3M), and Vietnam ($12.2M).

Imports In 2022, South Korea imported $2.3B in Paints, dyes, & varnishes, becoming the 14th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 35th most imported product in South Korea. South Korea imports Paints, dyes, & varnishes primarily from: Japan ($676M), China ($530M), United States ($416M), Germany ($143M), and India ($92.5M).

The fastest growing import markets in Paints, dyes, & varnishes for South Korea between 2021 and 2022 were United States ($33.1M), Chinese Taipei ($9.12M), and United Kingdom ($6.27M).

COMPANIES In 2023, leading companies such as LG Electronics (1.01k), Samsung (31), and Tesla (16) were at the forefront of shipping Paints, dyes, & varnishes from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-27.4M(-11.7%)
IMPORT GROWTH (September 2023 - September 2024)$16.2M(9.79%)
MAIN DESTINATION (September 2024)China$82.3M

This section shows Paints, dyes, & varnishes'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 Paints, dyes, & varnishes over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$2.38B
IMPORTS (2022)$2.3B
NET TRADE (2022)$75.3M

In 2022, South Korea exported $2.38B in Paints, dyes, & varnishes. The main destinations of South Korea exports on Paints, dyes, & varnishes were China ($711M), Vietnam ($270M), United States ($162M), Philippines ($129M), and India ($107M).

In 2022, South Korea imported $2.3B in Paints, dyes, & varnishes, mainly from Japan ($676M), China ($530M), United States ($416M), Germany ($143M), and India ($92.5M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$104M (405%)
United States$22.3M (16%)
Vietnam$12.2M (4.72%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY South Korea WERE (2021 - 2022):
China-$654M (-47.9%)
Pakistan-$21.7M (-24.6%)
Chinese Taipei-$16M (-19.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Paints, dyes, & varnishes were:
In 2022, South Korea's main importing competitors in Paints, dyes, & varnishes were:

Explore Visualizations

Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $56.5M
TOP IMPORT POTENTIALChina+ $114M

Paints, dyes, & varnishes’s highest export potential is United States. With an export gap of $56.5M.   Paints, dyes, & varnishes’s highest import potential is China with an import gap of $114M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with