2023
Exports
$24.5MWorld Rnk 23 / 101
Flag Rnk 572 / 1188
2023
PRODUCT COMPLEXITY IN Phosphoric Acid
-0.67Rnk 754 / 1025
2023
Imports
$91.3MWorld Rnk 14 / 190
Flag Rnk 495 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $24.5M in Phosphoric Acid, making it the 23rd largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 572nd most exported product in South Korea. The main destination of Phosphoric Acid exports from South Korea are: China ($17.1M), India ($1.87M), Thailand ($1.26M), Argentina ($862k), and Chile ($642k).

The fastest growing export markets for Phosphoric Acid of South Korea between 2022 and 2023 were India ($658k), Pakistan ($301k), and United States ($271k).

Imports In 2023, South Korea imported $91.3M in Phosphoric Acid, becoming the 14th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 495th most imported product in South Korea. South Korea imports Phosphoric Acid primarily from: China ($74.6M), Japan ($11.8M), United States ($2.17M), India ($1.6M), and Israel ($537k).

The fastest growing import markets in Phosphoric Acid for South Korea between 2022 and 2023 were United States ($1.41M), Germany ($259k), and India ($179k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$497k(23.5%)
IMPORT GROWTH (December 2023 - December 2024)$-478k(-4.55%)
MAIN DESTINATION (December 2024)China$1.74M

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 (2023)$24.5M
IMPORTS (2023)$91.3M
NET TRADE (2023)-$66.8M

In 2023, South Korea exported $24.5M in Phosphoric Acid. The main destinations of South Korea exports on Phosphoric Acid were China ($17.1M), India ($1.87M), Thailand ($1.26M), Argentina ($862k), and Chile ($642k).

In 2023, South Korea imported $91.3M in Phosphoric Acid, mainly from China ($74.6M), Japan ($11.8M), United States ($2.17M), India ($1.6M), and Israel ($537k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Phosphoric Acid EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$658k (54.5%)
Pakistan$301k (251%)
United States$271k (214%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phosphoric Acid BY South Korea WERE (2022 - 2023):
China-$11.9M (-40.9%)
Vietnam-$4.57M (-100%)
Argentina-$3.36M (-79.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Phosphoric Acid were:
Morocco $1.41B
China $708M
In 2023, South Korea's main importing competitors in Phosphoric Acid were:

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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.

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