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2022
Exports $3.09BWorld Rnk 20 / 223
Flag Rnk 19 / 96
2022
Destination $172M United States
2021 - 2022
FASTEST GROWING MARKET $172MUnited States
2022
PRODUCT COMPLEXITY IN Paper articles1.49Rnk 55 / 1025
2022
Imports $2.38BWorld Rnk 26 / 226
Flag Rnk 34 / 96
2022
Origin $53.8M China
2021 - 2022
FASTEST GROWING ORIGIN $53.8MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.09B in Paper articles, making it the 20th largest exporter of Paper articles in the world. At the same year, Paper articles was the 19th most exported product in South Korea. The main destination of Paper articles exports from South Korea are: United States ($601M), China ($390M), Vietnam ($297M), India ($179M), and Australia ($143M).

The fastest growing export markets for Paper articles of South Korea between 2021 and 2022 were United States ($172M), India ($64.2M), and Indonesia ($20M).

Imports In 2022, South Korea imported $2.38B in Paper articles, becoming the 26th largest importer of Paper articles in the world. At the same year, Paper articles was the 34th most imported product in South Korea. South Korea imports Paper articles primarily from: China ($860M), Japan ($325M), United States ($295M), Indonesia ($217M), and Thailand ($89.5M).

The fastest growing import markets in Paper articles for South Korea between 2021 and 2022 were China ($53.8M), United States ($20.7M), and Indonesia ($10.5M).

COMPANIES In 2023, leading companies such as Samsung (268), LG Electronics (260), and CJ Foods (42) were at the forefront of shipping Paper articles from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Paper articles exports accounted up to $231M and imports accounted up to $197M, resulting in a positive trade balance of $34.1M. Between October 2023 and October 2024 the exports of South Korea's   Paper articles have increased by $8.12M (3.65%) from $223M to $231M, while imports increased by $13.6M (7.42%) from $183M to $197M.

Destinations In October 2024, Paper articles were exported mostly to United States ($50.5M), China ($24.9M), Vietnam ($24.8M), India ($14.5M), and Indonesia ($13.5M), and were imported mostly from China ($87.6M), Japan ($27.3M), United States ($21.7M), Indonesia ($12.4M), and Thailand ($6.31M).

Growth In October 2024, the increase in Paper articles's year-by-year exports was explained primarily by an increase in exports to India ($4.75M or 44.2%), Russia ($2.69M or 32.2%), and Turkey ($2M or 146%). In October 2024, the increase in Paper articles's year-by-year imports was explained primarily by an increase in imports from United States ($9.44M or 45.2%), Indonesia ($9.15M or 54.4%), and Austria ($1.49M or 135%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$8.12M(3.65%)
IMPORT GROWTH (October 2023 - October 2024)$13.6M(7.42%)
MAIN DESTINATION (October 2024)United States$50.5M

This section shows Paper articles'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 Paper articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.09B
IMPORTS (2022)$2.38B
NET TRADE (2022)$711M

In 2022, South Korea exported $3.09B in Paper articles. The main destinations of South Korea exports on Paper articles were United States ($601M), China ($390M), Vietnam ($297M), India ($179M), and Australia ($143M).

In 2022, South Korea imported $2.38B in Paper articles, mainly from China ($860M), Japan ($325M), United States ($295M), Indonesia ($217M), and Thailand ($89.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paper articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$172M (40.1%)
India$64.2M (55.9%)
Indonesia$20M (16.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paper articles BY South Korea WERE (2021 - 2022):
China-$124M (-24.1%)
Malaysia-$33.1M (-23.4%)
Japan-$25.7M (-16.5%)
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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 Paper articles were:
China $33.4B
Germany $26.5B
United States $17.9B
In 2022, South Korea's main importing competitors in Paper articles were:
United States $23.4B
Germany $16.9B
France $11.8B

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Trade Value of Paper articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $80.3M
TOP IMPORT POTENTIALChina+ $162M

Paper articles’s highest export potential is China. With an export gap of $80.3M.   Paper articles’s highest import potential is China with an import gap of $162M.

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