Phenols in South Korea | The Observatory of Economic Complexity

About

Exports In 2023, South Korea exported $451M in Phenols, making it the 4th largest exporter of Phenols in the world. At the same year, Phenols was the 157th most exported product in South Korea. The main destination of Phenols exports from South Korea are: China ($96.9M), India ($80.8M), Germany ($75.3M), Japan ($60.3M), and Chinese Taipei ($23.4M).

The fastest growing export markets for Phenols of South Korea between 2022 and 2023 were Germany ($52.8M), Poland ($2.99M), and Indonesia ($1.52M).

Imports In 2023, South Korea imported $307M in Phenols, becoming the 6th largest importer of Phenols in the world. At the same year, Phenols was the 236th most imported product in South Korea. South Korea imports Phenols primarily from: Chinese Taipei ($102M), Thailand ($64.5M), Japan ($40.8M), China ($33.2M), and Singapore ($19.5M).

The fastest growing import markets in Phenols for South Korea between 2022 and 2023 were Thailand ($26.7M), Switzerland ($565k), and United Kingdom ($118k).

COMPANIES In 2024, leading companies such as LG Electronics (25), Nexen Tire (16), and Volvo (10) were at the forefront of shipping Phenols from South Korea to the United States.

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Phenols exports accounted up to $36.7M and imports accounted up to $22.4M, resulting in a positive trade balance of $14.3M. Between January 2024 and January 2025 the exports of South Korea's Phenols have increased by $1.81M (5.19%) from $34.9M to $36.7M, while imports decreased by $-7.72M (-25.6%) from $30.2M to $22.4M.

Destinations In January 2025, Phenols were exported mostly to Japan ($5.98M), Thailand ($5.4M), India ($5.06M), Czechia ($4.31M), and Netherlands ($4.18M), and were imported mostly from Chinese Taipei ($8.25M), Japan ($5.6M), China ($3.26M), India ($1.91M), and Singapore ($1.01M).

Growth In January 2025, the increase in Phenols's year-by-year exports was explained primarily by an increase in exports to Jordan ($4.06M or 529%), Chinese Taipei ($2.53M or 2.75k%), and China ($1.46M or 36%). In January 2025, the decrease in Phenols's year-by-year imports was explained primarily by a decrease in imports from Japan ($-2.48M or -33.4%), Russia ($-407k or -87.9%), and Germany ($-325k or -38.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2024 - January 2025)$1.81M(5.19%)

IMPORT GROWTH (January 2024 - January 2025)$-7.72M(-25.6%)

MAIN DESTINATION (January 2025)Japan$5.98M

This section shows Phenols'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 Phenols over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$451M

IMPORTS (2023)$307M

NET TRADE (2023)$143M

In 2023, South Korea exported $451M in Phenols. The main destinations of South Korea exports on Phenols were China ($96.9M), India ($80.8M), Germany ($75.3M), Japan ($60.3M), and Chinese Taipei ($23.4M).

In 2023, South Korea imported $307M in Phenols, mainly from Chinese Taipei ($102M), Thailand ($64.5M), Japan ($40.8M), China ($33.2M), and Singapore ($19.5M).

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