2022
Exports
$222MWorld Rnk 9 / 141
Flag Rnk 261 / 1204
2022
PRODUCT COMPLEXITY IN Sulfates
-0.37Rnk 666 / 1025
2022
Imports
$162MWorld Rnk 8 / 208
Flag Rnk 408 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $222M in Sulfates, making it the 9th largest exporter of Sulfates in the world. At the same year, Sulfates was the 261st most exported product in South Korea. The main destination of Sulfates exports from South Korea are: Japan ($157M), China ($40.8M), Philippines ($15.6M), Vietnam ($5.14M), and Indonesia ($555k).

The fastest growing export markets for Sulfates of South Korea between 2021 and 2022 were Japan ($34.3M), Philippines ($13.4M), and Vietnam ($1.36M).

Imports In 2022, South Korea imported $162M in Sulfates, becoming the 8th largest importer of Sulfates in the world. At the same year, Sulfates was the 408th most imported product in South Korea. South Korea imports Sulfates primarily from: China ($63.9M), Finland ($27.7M), United States ($26.2M), Japan ($14.6M), and Belgium ($10.4M).

The fastest growing import markets in Sulfates for South Korea between 2021 and 2022 were Finland ($17.4M), United States ($7.97M), and Belgium ($2.07M).

COMPANIES In 2023, leading companies such as Walong Marketing (10), NOURYON FUNCTIONAL CHEMICALS LLC (3), and CJ Foods (2) were at the forefront of shipping Sulfates from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-8.67M(-29%)
IMPORT GROWTH (July 2023 - July 2024)$-2.6M(-16.4%)
MAIN DESTINATION (July 2024)Japan$11.3M

This section shows Sulfates'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 Sulfates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$222M
IMPORTS (2022)$162M
NET TRADE (2022)$60.5M

In 2022, South Korea exported $222M in Sulfates. The main destinations of South Korea exports on Sulfates were Japan ($157M), China ($40.8M), Philippines ($15.6M), Vietnam ($5.14M), and Indonesia ($555k).

In 2022, South Korea imported $162M in Sulfates, mainly from China ($63.9M), Finland ($27.7M), United States ($26.2M), Japan ($14.6M), and Belgium ($10.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sulfates EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$34.3M (28%)
Philippines$13.4M (614%)
Vietnam$1.36M (35.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sulfates BY South Korea WERE (2021 - 2022):
China-$69.1M (-62.9%)
Zambia-$478k (-100%)
Australia-$361k (-50.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Sulfates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.95M
TOP IMPORT POTENTIALChina+ $10.7M

Sulfates’s highest export potential is China. With an export gap of $9.95M.   Sulfates’s highest import potential is China with an import gap of $10.7M.

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