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2023
Exports $1.57MWorld Rnk 22 / 66
Flag Rnk 909 / 1188
2023
Destination $86.9k Chinese Taipei
2022 - 2023
FASTEST GROWING MARKET $86.9kPakistan
2023
PRODUCT COMPLEXITY IN Phenol Derivatives0.82Rnk 242 / 1025
2023
Imports $20.8MWorld Rnk 6 / 146
Flag Rnk 786 / 1208
2023
Origin $817k Japan
2022 - 2023
FASTEST GROWING ORIGIN $817kSwitzerland
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.57M in Phenol Derivatives, making it the 22nd largest exporter of Phenol Derivatives in the world. At the same year, Phenol Derivatives was the 909th most exported product in South Korea. The main destination of Phenol Derivatives exports from South Korea are: Chinese Taipei ($616k), India ($484k), China ($306k), Pakistan ($87.2k), and Malaysia ($34.7k).

The fastest growing export markets for Phenol Derivatives of South Korea between 2022 and 2023 were Pakistan ($86.9k), United Arab Emirates ($13.9k), and Turkey ($13.5k).

Imports In 2023, South Korea imported $20.8M in Phenol Derivatives, becoming the 6th largest importer of Phenol Derivatives in the world. At the same year, Phenol Derivatives was the 786th most imported product in South Korea. South Korea imports Phenol Derivatives primarily from: Japan ($8.71M), United States ($5.72M), China ($4.13M), Switzerland ($868k), and Indonesia ($515k).

The fastest growing import markets in Phenol Derivatives for South Korea between 2022 and 2023 were Switzerland ($817k), Latvia ($261k), and United Kingdom ($29.8k).

COMPANIES In 2024, leading companies such as LG Electronics (16) and General Motors (1) were at the forefront of shipping Phenol Derivatives from South Korea to the United States.

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Phenol Derivatives exports accounted up to $106k and imports accounted up to $2.4M, resulting in a negative trade balance of $2.3M. Between January 2024 and January 2025 the exports of South Korea's   Phenol Derivatives have decreased by $-316k (-74.9%) from $422k to $106k, while imports decreased by $-1.03M (-30.1%) from $3.44M to $2.4M.

Destinations In January 2025, Phenol Derivatives were exported mostly to Vietnam ($106k), China ($0), India ($0), Israel ($0), and Jordan ($0), and were imported mostly from China ($1.02M), Jordan ($909k), Israel ($154k), United States ($145k), and Japan ($88k).

Growth In January 2025, the decrease in Phenol Derivatives's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-119k or -100%). In January 2025, the decrease in Phenol Derivatives's year-by-year imports was explained primarily by a decrease in imports from Jordan ($-1.39M or -60.6%), United States ($-642k or -72.6%), and Hong Kong ($-1k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-316k(-74.9%)
IMPORT GROWTH (January 2024 - January 2025)$-1.03M(-30.1%)
MAIN DESTINATION (January 2025)Vietnam$106k

This section shows Phenol Derivatives'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 Phenol Derivatives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.57M
IMPORTS (2023)$20.8M
NET TRADE (2023)-$19.2M

In 2023, South Korea exported $1.57M in Phenol Derivatives. The main destinations of South Korea exports on Phenol Derivatives were Chinese Taipei ($616k), India ($484k), China ($306k), Pakistan ($87.2k), and Malaysia ($34.7k).

In 2023, South Korea imported $20.8M in Phenol Derivatives, mainly from Japan ($8.71M), United States ($5.72M), China ($4.13M), Switzerland ($868k), and Indonesia ($515k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Phenol Derivatives EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Pakistan$86.9k (28k%)
United Arab Emirates$13.9k (1%)
Turkey$13.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phenol Derivatives BY South Korea WERE (2022 - 2023):
China-$24.5M (-98.8%)
Vietnam-$4.77M (-100%)
Chinese Taipei-$1.03M (-62.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Phenol Derivatives were:
Jordan $237M
Israel $72.9M
China $68.1M
In 2023, South Korea's main importing competitors in Phenol Derivatives were:
China $284M
Chinese Taipei $67.6M
United States $36.5M

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Trade Value of Phenol Derivatives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.23M
TOP IMPORT POTENTIALChina+ $2.7M

Phenol Derivatives’s highest export potential is China. With an export gap of $2.23M.   Phenol Derivatives’s highest import potential is China with an import gap of $2.7M.

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