2023
Exports
$5BWorld Rnk 4 / 181
Flag Rnk 18 / 1188
2023
PRODUCT COMPLEXITY IN Polyacetals
0.78Rnk 259 / 1025
2023
Imports
$1.14BWorld Rnk 16 / 223
Flag Rnk 81 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $5B in Polyacetals, making it the 4th largest exporter of Polyacetals in the world. At the same year, Polyacetals was the 18th most exported product in South Korea. The main destination of Polyacetals exports from South Korea are: China ($1.13B), United States ($868M), India ($414M), Japan ($268M), and Mexico ($234M).

The fastest growing export markets for Polyacetals of South Korea between 2022 and 2023 were India ($42.5M), Netherlands ($21.7M), and Thailand ($15.7M).

Imports In 2023, South Korea imported $1.14B in Polyacetals, becoming the 16th largest importer of Polyacetals in the world. At the same year, Polyacetals was the 81st most imported product in South Korea. South Korea imports Polyacetals primarily from: China ($573M), United States ($152M), Japan ($116M), Chinese Taipei ($49.5M), and Singapore ($40.1M).

The fastest growing import markets in Polyacetals for South Korea between 2022 and 2023 were Singapore ($25.8M), Canada ($5.14M), and Belgium ($2.9M).

COMPANIES In 2024, leading companies such as LG Electronics (28), Hyosung (3), and Fuyao Glass (1) were at the forefront of shipping Polyacetals from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$34.6M(8.76%)
IMPORT GROWTH (December 2023 - December 2024)$28.3M(28.6%)
MAIN DESTINATION (December 2024)China$97.1M

This section shows Polyacetals'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 Polyacetals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5B
IMPORTS (2023)$1.14B
NET TRADE (2023)$3.86B

In 2023, South Korea exported $5B in Polyacetals. The main destinations of South Korea exports on Polyacetals were China ($1.13B), United States ($868M), India ($414M), Japan ($268M), and Mexico ($234M).

In 2023, South Korea imported $1.14B in Polyacetals, mainly from China ($573M), United States ($152M), Japan ($116M), Chinese Taipei ($49.5M), and Singapore ($40.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Polyacetals EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$42.5M (11.5%)
Netherlands$21.7M (33.4%)
Thailand$15.7M (15.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Polyacetals BY South Korea WERE (2022 - 2023):
Vietnam-$574M (-100%)
United States-$534M (-38.1%)
China-$449M (-28.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Polyacetals were:
In 2023, South Korea's main importing competitors in Polyacetals were:

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Trade Value of Polyacetals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $272M
TOP IMPORT POTENTIALChina+ $113M

Polyacetals’s highest export potential is China. With an export gap of $272M.   Polyacetals’s highest import potential is China with an import gap of $113M.

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