Propylene Polymers in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $5.24B in Propylene Polymers, making it the 2nd largest exporter of Propylene Polymers in the world. At the same year, Propylene Polymers was the 21st most exported product in South Korea. The main destination of Propylene Polymers exports from South Korea are: China ($1.44B), Vietnam ($654M), Turkey ($293M), Japan ($286M), and United States ($279M).

The fastest growing export markets for Propylene Polymers of South Korea between 2021 and 2022 were Japan ($91.5M), Indonesia ($53.8M), and Vietnam ($22.9M).

Imports In 2022, South Korea imported $171M in Propylene Polymers, becoming the 48th largest importer of Propylene Polymers in the world. At the same year, Propylene Polymers was the 399th most imported product in South Korea. South Korea imports Propylene Polymers primarily from: United States ($34.1M), Singapore ($28.2M), Japan ($23.3M), Netherlands ($16M), and China ($14M).

The fastest growing import markets in Propylene Polymers for South Korea between 2021 and 2022 were China ($2.44M), Belgium ($1.63M), and Spain ($1.33M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (5.59k), LG ELECTRONICS U.S.A. INC. (5.34k), and NISSAN NORTH AMERICA, INC. (53) were at the forefront of shipping Propylene Polymers from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Propylene Polymers exports accounted up to $381M and imports accounted up to $13.3M, resulting in a positive trade balance of $367M. Between February 2023 and February 2024 the exports of South Korea's Propylene Polymers have increased by $30.2M (8.62%) from $350M to $381M, while imports decreased by $-2.1M (-13.6%) from $15.4M to $13.3M.

Destinations In February 2024, Propylene Polymers were exported mostly to China ($79.1M), Vietnam ($38.3M), Turkey ($30M), United States ($20.4M), and Japan ($14.8M), and were imported mostly from United States ($2.81M), Singapore ($1.99M), Japan ($1.85M), Italy ($1.21M), and Netherlands ($1.1M).

Growth In February 2024, the increase in Propylene Polymers's year-by-year exports was explained primarily by an increase in exports to Poland ($2.43M or 40.7%), Turkey ($1.85M or 5.64%), and Georgia ($1.37M or 669%). In February 2024, the decrease in Propylene Polymers's year-by-year imports was explained primarily by a decrease in imports from United States ($-1.35M or -36.3%), Thailand ($-772k or -72.1%), and Germany ($-452k or -62.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$30.2M(8.62%)

IMPORT GROWTH (February 2023 - February 2024)$-2.1M(-13.6%)

MAIN DESTINATION (February 2024)China$79.1M

This section shows Propylene Polymers'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 Propylene Polymers over time.

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