2023
Exports
$9.37MWorld Rnk 41 / 128
Flag Rnk 709 / 1188
2023
PRODUCT COMPLEXITY IN Potassic Fertilizers
-1.12Rnk 857 / 1025
2023
Imports
$219MWorld Rnk 16 / 191
Flag Rnk 293 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $9.37M in Potassic Fertilizers, making it the 41st largest exporter of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 709th most exported product in South Korea. The main destination of Potassic Fertilizers exports from South Korea are: Japan ($5.27M), Indonesia ($1.69M), Pakistan ($715k), Australia ($670k), and India ($619k).

The fastest growing export markets for Potassic Fertilizers of South Korea between 2022 and 2023 were Mauritius ($186k), India ($108k), and Pakistan ($102k).

Imports In 2023, South Korea imported $219M in Potassic Fertilizers, becoming the 16th largest importer of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 293rd most imported product in South Korea. South Korea imports Potassic Fertilizers primarily from: United States ($109M), Canada ($96.1M), Chinese Taipei ($6.39M), China ($4.42M), and Germany ($1.43M).

The fastest growing import markets in Potassic Fertilizers for South Korea between 2022 and 2023 were United States ($94.8M), China ($2.27M), and Germany ($614k).

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-436k(-40.7%)
IMPORT GROWTH (January 2024 - January 2025)$-45.5M(-91.8%)
MAIN DESTINATION (January 2025)Vietnam$254k

This section shows Potassic 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 Potassic Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.37M
IMPORTS (2023)$219M
NET TRADE (2023)-$210M

In 2023, South Korea exported $9.37M in Potassic Fertilizers. The main destinations of South Korea exports on Potassic Fertilizers were Japan ($5.27M), Indonesia ($1.69M), Pakistan ($715k), Australia ($670k), and India ($619k).

In 2023, South Korea imported $219M in Potassic Fertilizers, mainly from United States ($109M), Canada ($96.1M), Chinese Taipei ($6.39M), China ($4.42M), and Germany ($1.43M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Potassic Fertilizers EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Mauritius$186k (1%)
India$108k (21%)
Pakistan$102k (16.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Potassic Fertilizers BY South Korea WERE (2022 - 2023):
Japan-$1.75M (-25%)
Vietnam-$1.55M (-100%)
Peru-$1.23M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Potassic Fertilizers were:
Canada $9.44B
Belarus $2.01B
In 2023, South Korea's main importing competitors in Potassic Fertilizers were:

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Trade Value of Potassic Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.55M
TOP IMPORT POTENTIALRussia+ $14.1M

Potassic Fertilizers’s highest export potential is Indonesia. With an export gap of $1.55M.   Potassic Fertilizers’s highest import potential is Russia with an import gap of $14.1M.

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