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2022
Exports $6.91BWorld Rnk 3 / 182
Flag Rnk 18 / 1204
2022
Destination $138M China
2021 - 2022
FASTEST GROWING MARKET $138MUnited States
2022
PRODUCT COMPLEXITY IN Polyacetals0.78Rnk 255 / 1025
2022
Imports $1.34BWorld Rnk 16 / 217
Flag Rnk 80 / 1213
2022
Origin $50.4M China
2021 - 2022
FASTEST GROWING ORIGIN $50.4MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.91B in Polyacetals, making it the 3rd 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 ($1.53B), United States ($1.21B), Vietnam ($619M), India ($351M), and Japan ($334M).

The fastest growing export markets for Polyacetals of South Korea between 2021 and 2022 were United States ($138M), Germany ($51.8M), and Japan ($20.3M).

Imports In 2022, South Korea imported $1.34B in Polyacetals, becoming the 16th largest importer of Polyacetals in the world. At the same year, Polyacetals was the 80th most imported product in South Korea. South Korea imports Polyacetals primarily from: China ($584M), United States ($175M), Japan ($169M), Chinese Taipei ($128M), and Thailand ($43.7M).

The fastest growing import markets in Polyacetals for South Korea between 2021 and 2022 were China ($50.4M), Malaysia ($8.8M), and Netherlands ($4.38M).

COMPANIES In 2023, leading companies such as Samsung (5), DuPont (3), and Nissan (2) were at the forefront of shipping Polyacetals from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Polyacetals exports accounted up to $445M and imports accounted up to $122M, resulting in a positive trade balance of $323M. Between October 2023 and October 2024 the exports of South Korea's   Polyacetals have increased by $41.4M (10.3%) from $404M to $445M, while imports increased by $13M (11.9%) from $109M to $122M.

Destinations In October 2024, Polyacetals were exported mostly to China ($104M), United States ($64.3M), Vietnam ($47.1M), India ($31.6M), and Japan ($20.8M), and were imported mostly from China ($52.1M), Japan ($30.6M), United States ($11.1M), Chinese Taipei ($4.87M), and Italy ($3.77M).

Growth In October 2024, the increase in Polyacetals's year-by-year exports was explained primarily by an increase in exports to Belgium ($7.73M or 55.5%), Germany ($4.97M or 50.5%), and Turkey ($1.62M or 8%). In October 2024, the increase in Polyacetals's year-by-year imports was explained primarily by an increase in imports from Saudi Arabia ($1.57M or 226%), Italy ($1.34M or 86%), and Singapore ($880k or 85.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$41.4M(10.3%)
IMPORT GROWTH (October 2023 - October 2024)$13M(11.9%)
MAIN DESTINATION (October 2024)China$104M

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 (2022)$6.91B
IMPORTS (2022)$1.34B
NET TRADE (2022)$5.58B

In 2022, South Korea exported $6.91B in Polyacetals. The main destinations of South Korea exports on Polyacetals were China ($1.53B), United States ($1.21B), Vietnam ($619M), India ($351M), and Japan ($334M).

In 2022, South Korea imported $1.34B in Polyacetals, mainly from China ($584M), United States ($175M), Japan ($169M), Chinese Taipei ($128M), and Thailand ($43.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Polyacetals EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$138M (13%)
Germany$51.8M (53.4%)
Japan$20.3M (6.48%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Polyacetals BY South Korea WERE (2021 - 2022):
China-$371M (-19.5%)
Mexico-$77M (-23.6%)
Hungary-$46.5M (-32.4%)
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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 Polyacetals were:
China $12.5B
Germany $7.27B
In 2022, South Korea's main importing competitors in Polyacetals were:
China $8.92B
United States $6.13B
Germany $5.02B

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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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