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2022
Exports $363kWorld Rnk 58 / 96
Flag Rnk 1057 / 1204
2022
Destination $152k Kuwait
2021 - 2022
FASTEST GROWING MARKET $152kKuwait
2022
PRODUCT COMPLEXITY IN Phosphatic Fertilizers-1.38Rnk 927 / 1025
2022
Imports $9.3MWorld Rnk 34 / 181
Flag Rnk 952 / 1213
2022
Origin $2.71M China
2021 - 2022
FASTEST GROWING ORIGIN $2.71MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $363k in Phosphatic Fertilizers, making it the 58th largest exporter of Phosphatic Fertilizers in the world. At the same year, Phosphatic Fertilizers was the 1057th most exported product in South Korea. The main destination of Phosphatic Fertilizers exports from South Korea are: Kuwait ($152k), Japan ($115k), Malaysia ($81.2k), Chinese Taipei ($15.4k), and Kyrgyzstan ($17).

The fastest growing export markets for Phosphatic Fertilizers of South Korea between 2021 and 2022 were Kuwait ($152k) and Chinese Taipei ($5.96k).

Imports In 2022, South Korea imported $9.3M in Phosphatic Fertilizers, becoming the 34th largest importer of Phosphatic Fertilizers in the world. At the same year, Phosphatic Fertilizers was the 952nd most imported product in South Korea. South Korea imports Phosphatic Fertilizers primarily from: China ($4.76M), Vietnam ($2.69M), Egypt ($1.37M), Japan ($431k), and United States ($17.9k).

The fastest growing import markets in Phosphatic Fertilizers for South Korea between 2021 and 2022 were China ($2.71M), Vietnam ($275k), and Egypt ($163k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Phosphatic Fertilizers exports accounted up to $4k and imports accounted up to $247k, resulting in a negative trade balance of $243k. Between September 2023 and September 2024 the exports of South Korea's   Phosphatic Fertilizers have increased by $4k (N/A%) from $0 to $4k, while imports increased by $147k (147%) from $100k to $247k.

Destinations In September 2024, Phosphatic Fertilizers were exported mostly to Chinese Taipei ($4k), China ($0), Indonesia ($0), Israel ($0), and Vietnam ($0), and were imported mostly from China ($168k), Israel ($39k), Vietnam ($28k), Indonesia ($12k), and Chinese Taipei ($0).

Growth In September 2024, the increase in Phosphatic Fertilizers's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the increase in Phosphatic Fertilizers's year-by-year imports was explained primarily by an increase in imports from Vietnam ($168k or 94.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$4k(N/A%)
IMPORT GROWTH (September 2023 - September 2024)$147k(147%)
MAIN DESTINATION (September 2024)Chinese Taipei$4k

This section shows Phosphatic Fertilizers'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 Phosphatic Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$363k
IMPORTS (2022)$9.3M
NET TRADE (2022)-$8.94M

In 2022, South Korea exported $363k in Phosphatic Fertilizers. The main destinations of South Korea exports on Phosphatic Fertilizers were Kuwait ($152k), Japan ($115k), Malaysia ($81.2k), Chinese Taipei ($15.4k), and Kyrgyzstan ($17).

In 2022, South Korea imported $9.3M in Phosphatic Fertilizers, mainly from China ($4.76M), Vietnam ($2.69M), Egypt ($1.37M), Japan ($431k), and United States ($17.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Phosphatic Fertilizers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Kuwait$152k (1%)
Chinese Taipei$5.96k (63.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phosphatic Fertilizers BY South Korea WERE (2021 - 2022):
Cambodia-$987k (-100%)
Malaysia-$124k (-60.4%)
Japan-$21.7k (-15.9%)
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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 Phosphatic Fertilizers were:
Morocco $832M
China $628M
Egypt $618M
In 2022, South Korea's main importing competitors in Phosphatic Fertilizers were:
Brazil $1.39B
Bangladesh $772M
United States $325M

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Trade Value of Phosphatic Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $52.2k
TOP IMPORT POTENTIALChina+ $2.09M

Phosphatic Fertilizers’s highest export potential is Japan. With an export gap of $52.2k.   Phosphatic Fertilizers’s highest import potential is China with an import gap of $2.09M.

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