2022
Exports
$3.93BWorld Rnk 1 / 143
Flag Rnk 27 / 1204
2022
PRODUCT COMPLEXITY IN Styrene Polymers
0.75Rnk 262 / 1025
2022
Imports
$195MWorld Rnk 31 / 205
Flag Rnk 368 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.93B in Styrene Polymers, making it the 1st largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 27th most exported product in South Korea. The main destination of Styrene Polymers exports from South Korea are: China ($1.06B), United States ($346M), Mexico ($272M), Vietnam ($256M), and Turkey ($223M).

The fastest growing export markets for Styrene Polymers of South Korea between 2021 and 2022 were Japan ($7.85M), Hungary ($7.63M), and Italy ($4.58M).

Imports In 2022, South Korea imported $195M in Styrene Polymers, becoming the 31st largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 368th most imported product in South Korea. South Korea imports Styrene Polymers primarily from: China ($90M), United States ($32.5M), Singapore ($21.7M), Japan ($19.1M), and Thailand ($5.57M).

The fastest growing import markets in Styrene Polymers for South Korea between 2021 and 2022 were China ($18.7M), United States ($10.9M), and United Kingdom ($1.74M).

COMPANIES In 2023, leading companies such as LG Electronics (75), Porven (10), and Samsung (9) were at the forefront of shipping Styrene Polymers from South Korea to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$7.48M(3.24%)
IMPORT GROWTH (November 2023 - November 2024)$-3.16M(-18.9%)
MAIN DESTINATION (November 2024)China$56.8M

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 (2022)$3.93B
IMPORTS (2022)$195M
NET TRADE (2022)$3.73B

In 2022, South Korea exported $3.93B in Styrene Polymers. The main destinations of South Korea exports on Styrene Polymers were China ($1.06B), United States ($346M), Mexico ($272M), Vietnam ($256M), and Turkey ($223M).

In 2022, South Korea imported $195M in Styrene Polymers, mainly from China ($90M), United States ($32.5M), Singapore ($21.7M), Japan ($19.1M), and Thailand ($5.57M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Styrene Polymers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$7.85M (14.3%)
Hungary$7.63M (17.3%)
Italy$4.58M (6.36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Styrene Polymers BY South Korea WERE (2021 - 2022):
China-$350M (-24.9%)
Hong Kong-$146M (-62.3%)
Thailand-$36.2M (-18%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Styrene Polymers were:
In 2022, 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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