2023
Exports
$3.02BWorld Rnk 1 / 147
Flag Rnk 33 / 1188
2023
PRODUCT COMPLEXITY IN Styrene Polymers
0.67Rnk 295 / 1025
2023
Imports
$161MWorld Rnk 29 / 210
Flag Rnk 365 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $3.02B in Styrene Polymers, making it the 1st largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 33rd most exported product in South Korea. The main destination of Styrene Polymers exports from South Korea are: China ($816M), United States ($329M), Turkey ($253M), India ($222M), and Mexico ($194M).

The fastest growing export markets for Styrene Polymers of South Korea between 2022 and 2023 were Japan ($5.42M), Morocco ($4.84M), and Austria ($1.77M).

Imports In 2023, South Korea imported $161M in Styrene Polymers, becoming the 29th largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 365th most imported product in South Korea. South Korea imports Styrene Polymers primarily from: China ($86.4M), Singapore ($24.3M), United States ($22.7M), Japan ($14.8M), and Chinese Taipei ($3.3M).

The fastest growing import markets in Styrene Polymers for South Korea between 2022 and 2023 were Singapore ($2.68M), Sweden ($1.47M), and Italy ($357k).

COMPANIES In 2024, leading companies such as LG Electronics (65), Samsung (14), and Porven (7) were at the forefront of shipping Styrene Polymers from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-9.61M(-3.66%)
IMPORT GROWTH (January 2024 - January 2025)$-4.29M(-25.5%)
MAIN DESTINATION (January 2025)China$46.9M

This section shows Styrene 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 Styrene Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.02B
IMPORTS (2023)$161M
NET TRADE (2023)$2.86B

In 2023, South Korea exported $3.02B in Styrene Polymers. The main destinations of South Korea exports on Styrene Polymers were China ($816M), United States ($329M), Turkey ($253M), India ($222M), and Mexico ($194M).

In 2023, South Korea imported $161M in Styrene Polymers, mainly from China ($86.4M), Singapore ($24.3M), United States ($22.7M), Japan ($14.8M), and Chinese Taipei ($3.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Styrene Polymers EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Japan$5.42M (8.74%)
Morocco$4.84M (143%)
Austria$1.77M (40.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Styrene Polymers BY South Korea WERE (2022 - 2023):
China-$337M (-29.2%)
Vietnam-$264M (-100%)
United States-$94.9M (-22.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Styrene Polymers were:
In 2023, South Korea's main importing competitors in Styrene Polymers were:

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Trade Value of Styrene Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $52.6M
TOP IMPORT POTENTIALChina+ $9.46M

Styrene Polymers’s highest export potential is China. With an export gap of $52.6M.   Styrene Polymers’s highest import potential is China with an import gap of $9.46M.

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