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2022
Exports $47.1MWorld Rnk 16 / 106
Flag Rnk 499 / 1204
2022
Destination $11.6M China
2021 - 2022
FASTEST GROWING MARKET $11.6MChina
2022
PRODUCT COMPLEXITY IN Phosphoric Acid-0.58Rnk 718 / 1025
2022
Imports $119MWorld Rnk 15 / 191
Flag Rnk 471 / 1213
2022
Origin $2.77M China
2021 - 2022
FASTEST GROWING ORIGIN $2.77MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $47.1M in Phosphoric Acid, making it the 16th largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 499th most exported product in South Korea. The main destination of Phosphoric Acid exports from South Korea are: China ($29.9M), Vietnam ($4.82M), Argentina ($3.68M), Peru ($2.42M), and Thailand ($2.13M).

The fastest growing export markets for Phosphoric Acid of South Korea between 2021 and 2022 were China ($11.6M), Argentina ($3.43M), and Vietnam ($2.92M).

Imports In 2022, South Korea imported $119M in Phosphoric Acid, becoming the 15th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 471st most imported product in South Korea. South Korea imports Phosphoric Acid primarily from: China ($99.9M), Japan ($14M), Vietnam ($1.63M), India ($1.5M), and Israel ($927k).

The fastest growing import markets in Phosphoric Acid for South Korea between 2021 and 2022 were Japan ($2.77M), Israel ($799k), and Germany ($236k).

COMPANIES In 2023, leading companies such as Samsung (8) were at the forefront of shipping Phosphoric Acid from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Phosphoric Acid exports accounted up to $1.98M and imports accounted up to $4.13M, resulting in a negative trade balance of $2.15M. Between October 2023 and October 2024 the exports of South Korea's   Phosphoric Acid have decreased by $-890k (-31%) from $2.87M to $1.98M, while imports decreased by $-2.5M (-37.7%) from $6.64M to $4.13M.

Destinations In October 2024, Phosphoric Acid were exported mostly to China ($1.16M), Vietnam ($335k), Peru ($193k), Thailand ($74k), and Malaysia ($64k), and were imported mostly from China ($2.98M), Japan ($923k), Israel ($103k), India ($64k), and United States ($22k).

Growth In October 2024, the decrease in Phosphoric Acid's year-by-year exports was explained primarily by a decrease in exports to Chile ($-299k or -92.6%), Vietnam ($-233k or -41.7%), and United States ($-117k or -100%). In October 2024, the decrease in Phosphoric Acid's year-by-year imports was explained primarily by a decrease in imports from China ($-11M or -61.7%), India ($-219k or -84.6%), and Germany ($-68k or -90.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-890k(-31%)
IMPORT GROWTH (October 2023 - October 2024)$-2.5M(-37.7%)
MAIN DESTINATION (October 2024)China$1.16M

This section shows Phosphoric Acid'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 Phosphoric Acid over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$47.1M
IMPORTS (2022)$119M
NET TRADE (2022)-$72.1M

In 2022, South Korea exported $47.1M in Phosphoric Acid. The main destinations of South Korea exports on Phosphoric Acid were China ($29.9M), Vietnam ($4.82M), Argentina ($3.68M), Peru ($2.42M), and Thailand ($2.13M).

In 2022, South Korea imported $119M in Phosphoric Acid, mainly from China ($99.9M), Japan ($14M), Vietnam ($1.63M), India ($1.5M), and Israel ($927k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Phosphoric Acid EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$11.6M (62.8%)
Argentina$3.43M (1.33k%)
Vietnam$2.92M (154%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phosphoric Acid BY South Korea WERE (2021 - 2022):
Pakistan-$1.09M (-90%)
United States-$347k (-74.4%)
India-$171k (-13.7%)
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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 Phosphoric Acid were:
Morocco $2.29B
China $973M
Senegal $846M
In 2022, South Korea's main importing competitors in Phosphoric Acid were:
India $2.91B
Pakistan $627M
Netherlands $398M

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Trade Value of Phosphoric Acid by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.33M
TOP IMPORT POTENTIALVietnam+ $1.39M

Phosphoric Acid’s highest export potential is India. With an export gap of $2.33M.   Phosphoric Acid’s highest import potential is Vietnam with an import gap of $1.39M.

See methodology.

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