2022
Exports
$31.8MWorld Rnk 8 / 66
Flag Rnk 569 / 1204
2022
PRODUCT COMPLEXITY IN Phenol Derivatives
0.99Rnk 173 / 1025
2022
Imports
$136MWorld Rnk 3 / 147
Flag Rnk 444 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $31.8M in Phenol Derivatives, making it the 8th largest exporter of Phenol Derivatives in the world. At the same year, Phenol Derivatives was the 569th most exported product in South Korea. The main destination of Phenol Derivatives exports from South Korea are: China ($23.6M), Vietnam ($4.77M), India ($1.2M), Chinese Taipei ($1.08M), and Hong Kong ($935k).

The fastest growing export markets for Phenol Derivatives of South Korea between 2021 and 2022 were China ($18.8M), Vietnam ($3.77M), and India ($917k).

Imports In 2022, South Korea imported $136M in Phenol Derivatives, becoming the 3rd largest importer of Phenol Derivatives in the world. At the same year, Phenol Derivatives was the 444th most imported product in South Korea. South Korea imports Phenol Derivatives primarily from: Jordan ($72.9M), United States ($28.8M), Israel ($13.4M), Japan ($11.1M), and China ($5.52M).

The fastest growing import markets in Phenol Derivatives for South Korea between 2021 and 2022 were Jordan ($32.9M), Israel ($3.06M), and Chinese Taipei ($2.32M).

COMPANIES In 2023, leading companies such as LG Electronics (53) and General Motors (1) were at the forefront of shipping Phenol Derivatives from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$458k(33.6%)
IMPORT GROWTH (October 2023 - October 2024)$-752k(-15.2%)
MAIN DESTINATION (October 2024)China$1.31M

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 (2022)$31.8M
IMPORTS (2022)$136M
NET TRADE (2022)-$105M

In 2022, South Korea exported $31.8M in Phenol Derivatives. The main destinations of South Korea exports on Phenol Derivatives were China ($23.6M), Vietnam ($4.77M), India ($1.2M), Chinese Taipei ($1.08M), and Hong Kong ($935k).

In 2022, South Korea imported $136M in Phenol Derivatives, mainly from Jordan ($72.9M), United States ($28.8M), Israel ($13.4M), Japan ($11.1M), and China ($5.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Phenol Derivatives EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$18.8M (389%)
Vietnam$3.77M (374%)
India$917k (328%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phenol Derivatives BY South Korea WERE (2021 - 2022):
Japan-$687k (-87.1%)
Hungary-$101k (-99.8%)
Hong Kong-$58.7k (-5.91%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Phenol Derivatives were:
In 2022, South Korea's main importing competitors in Phenol Derivatives were:

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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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