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2022
Exports $15.2MWorld Rnk 32 / 130
Flag Rnk 676 / 1204
2022
Destination $4.47M Japan
2021 - 2022
FASTEST GROWING MARKET $4.47MJapan
2022
PRODUCT COMPLEXITY IN Potassic Fertilizers-0.82Rnk 785 / 1025
2022
Imports $322MWorld Rnk 15 / 189
Flag Rnk 260 / 1213
2022
Origin $56.6M United States
2021 - 2022
FASTEST GROWING ORIGIN $56.6MIsrael
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $15.2M in Potassic Fertilizers, making it the 32nd largest exporter of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 676th most exported product in South Korea. The main destination of Potassic Fertilizers exports from South Korea are: Japan ($7.3M), Australia ($2.38M), Indonesia ($2M), Vietnam ($1.41M), and Pakistan ($466k).

The fastest growing export markets for Potassic Fertilizers of South Korea between 2021 and 2022 were Japan ($4.47M), Indonesia ($1.14M), and Australia ($422k).

Imports In 2022, South Korea imported $322M in Potassic Fertilizers, becoming the 15th largest importer of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 260th most imported product in South Korea. South Korea imports Potassic Fertilizers primarily from: United States ($132M), Israel ($66.5M), Canada ($59.5M), Laos ($24.5M), and Vietnam ($14.4M).

The fastest growing import markets in Potassic Fertilizers for South Korea between 2021 and 2022 were Israel ($56.6M), Canada ($31.4M), and Laos ($22M).

COMPANIES In 2023, leading companies such as Samsung (1) and General Motors (1) were at the forefront of shipping Potassic Fertilizers from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Potassic Fertilizers exports accounted up to $709k and imports accounted up to $13.4M, resulting in a negative trade balance of $12.6M. Between October 2023 and October 2024 the exports of South Korea's   Potassic Fertilizers have decreased by $-557k (-44%) from $1.27M to $709k, while imports increased by $399k (3.08%) from $13M to $13.4M.

Destinations In October 2024, Potassic Fertilizers were exported mostly to Japan ($281k), Vietnam ($188k), Australia ($171k), Indonesia ($66k), and Thailand ($3k), and were imported mostly from Canada ($12.2M), Laos ($523k), Chinese Taipei ($216k), Vietnam ($121k), and Uzbekistan ($104k).

Growth In October 2024, the decrease in Potassic Fertilizers's year-by-year exports was explained primarily by a decrease in exports to Japan ($-411k or -96%). In October 2024, the increase in Potassic Fertilizers's year-by-year imports was explained primarily by an increase in imports from Laos ($5.44M or 1.87k%), Chinese Taipei ($125k or 14.6%), and Czechia ($22k or 275%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-557k(-44%)
IMPORT GROWTH (October 2023 - October 2024)$399k(3.08%)
MAIN DESTINATION (October 2024)Japan$281k

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 (2022)$15.2M
IMPORTS (2022)$322M
NET TRADE (2022)-$307M

In 2022, South Korea exported $15.2M in Potassic Fertilizers. The main destinations of South Korea exports on Potassic Fertilizers were Japan ($7.3M), Australia ($2.38M), Indonesia ($2M), Vietnam ($1.41M), and Pakistan ($466k).

In 2022, South Korea imported $322M in Potassic Fertilizers, mainly from United States ($132M), Israel ($66.5M), Canada ($59.5M), Laos ($24.5M), and Vietnam ($14.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Potassic Fertilizers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$4.47M (158%)
Indonesia$1.14M (133%)
Australia$422k (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Potassic Fertilizers BY South Korea WERE (2021 - 2022):
Malawi-$1.24M (-100%)
Peru-$105k (-22.5%)
South Africa-$97.5k (-100%)
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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 Potassic Fertilizers were:
Canada $13.4B
Russia $4.93B
Germany $2.73B
In 2022, South Korea's main importing competitors in Potassic Fertilizers were:
Brazil $7.59B
United States $6.3B
China $4.13B

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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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