Saturated Acyclic Monocarboxylic Acids in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $392M in Saturated Acyclic Monocarboxylic Acids, making it the 15th largest exporter of Saturated Acyclic Monocarboxylic Acids in the world. At the same year, Saturated Acyclic Monocarboxylic Acids was the 183rd most exported product in South Korea. The main destination of Saturated Acyclic Monocarboxylic Acids exports from South Korea are: Japan ($82.2M), China ($64.4M), Belgium ($28.9M), Indonesia ($25.7M), and United States ($24.7M).

The fastest growing export markets for Saturated Acyclic Monocarboxylic Acids of South Korea between 2021 and 2022 were United Kingdom ($18M), United States ($14.8M), and Japan ($14M).

Imports In 2022, South Korea imported $599M in Saturated Acyclic Monocarboxylic Acids, becoming the 10th largest importer of Saturated Acyclic Monocarboxylic Acids in the world. At the same year, Saturated Acyclic Monocarboxylic Acids was the 166th most imported product in South Korea. South Korea imports Saturated Acyclic Monocarboxylic Acids primarily from: China ($279M), Chinese Taipei ($81.1M), Japan ($64.9M), Malaysia ($49.1M), and United States ($29.5M).

The fastest growing import markets in Saturated Acyclic Monocarboxylic Acids for South Korea between 2021 and 2022 were France ($2.96M), India ($2.59M), and United States ($2.09M).

COMPANIES In 2023, leading companies such as Samsung (27), LG Electronics (7), and Givaudan Fragrances (5) were at the forefront of shipping Saturated Acyclic Monocarboxylic Acids from South Korea to the United States.

Latest Trends

October 2024

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Overview In October 2024 South Korea's Saturated Acyclic Monocarboxylic Acids exports accounted up to $26.2M and imports accounted up to $37.3M, resulting in a negative trade balance of $11M. Between October 2023 and October 2024 the exports of South Korea's Saturated Acyclic Monocarboxylic Acids have increased by $2.66M (11.3%) from $23.6M to $26.2M, while imports increased by $1.18M (3.28%) from $36.1M to $37.3M.

Destinations In October 2024, Saturated Acyclic Monocarboxylic Acids were exported mostly to Belgium ($7.53M), Japan ($7.15M), United States ($3.13M), China ($2.75M), and Philippines ($648k), and were imported mostly from China ($17.3M), Malaysia ($4.25M), Japan ($3.26M), Germany ($3M), and United States ($2.4M).

Growth In October 2024, the increase in Saturated Acyclic Monocarboxylic Acids's year-by-year exports was explained primarily by an increase in exports to China ($4.65M or 225%), United States ($536k or 98.7%), and Thailand ($213k or 220%). In October 2024, the increase in Saturated Acyclic Monocarboxylic Acids's year-by-year imports was explained primarily by an increase in imports from Netherlands ($888k or 668%), France ($587k or 190%), and Spain ($400k or 377%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)$2.66M(11.3%)

IMPORT GROWTH (October 2023 - October 2024)$1.18M(3.28%)

MAIN DESTINATION (October 2024)Belgium$7.53M

This section shows Saturated Acyclic Monocarboxylic Acids'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 Saturated Acyclic Monocarboxylic Acids over time.

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