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2022
Exports $55.9MWorld Rnk 15 / 97
Flag Rnk 469 / 1204
2022
Destination $3.23M Italy
2021 - 2022
FASTEST GROWING MARKET $3.23MJapan
2022
PRODUCT COMPLEXITY IN Sulfonamides1.29Rnk 95 / 1025
2022
Imports $98.4MWorld Rnk 19 / 171
Flag Rnk 515 / 1213
2022
Origin $11.1M China
2021 - 2022
FASTEST GROWING ORIGIN $11.1MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $55.9M in Sulfonamides, making it the 15th largest exporter of Sulfonamides in the world. At the same year, Sulfonamides was the 469th most exported product in South Korea. The main destination of Sulfonamides exports from South Korea are: Italy ($9.44M), United States ($8.97M), Japan ($8.51M), Netherlands ($8.42M), and China ($8.25M).

The fastest growing export markets for Sulfonamides of South Korea between 2021 and 2022 were Japan ($3.23M), Ireland ($3.04M), and Netherlands ($2.63M).

Imports In 2022, South Korea imported $98.4M in Sulfonamides, becoming the 19th largest importer of Sulfonamides in the world. At the same year, Sulfonamides was the 515th most imported product in South Korea. South Korea imports Sulfonamides primarily from: China ($30.8M), Germany ($17M), India ($16M), Japan ($15.4M), and United States ($14M).

The fastest growing import markets in Sulfonamides for South Korea between 2021 and 2022 were Germany ($11.1M), India ($3.76M), and United States ($1.18M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Sulfonamides from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Sulfonamides exports accounted up to $9.54M and imports accounted up to $6.3M, resulting in a positive trade balance of $3.24M. Between July 2023 and July 2024 the exports of South Korea's   Sulfonamides have increased by $7.96M (504%) from $1.58M to $9.54M, while imports increased by $1.4M (28.5%) from $4.9M to $6.3M.

Destinations In July 2024, Sulfonamides were exported mostly to Italy ($4.6M), Netherlands ($3.22M), Japan ($1.04M), United States ($360k), and Belgium ($95k), and were imported mostly from China ($2.5M), Germany ($1.45M), India ($1.06M), United States ($613k), and Japan ($395k).

Growth In July 2024, the increase in Sulfonamides's year-by-year exports was explained primarily by an increase in exports to India ($165k or 16.5k%), Spain ($67k or 45%), and Chinese Taipei ($12k or 1.2k%). In July 2024, the increase in Sulfonamides's year-by-year imports was explained primarily by an increase in imports from China ($2.76M or 92.8%), Germany ($698k or 52.3%), and Switzerland ($151k or 5.03k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$7.96M(504%)
IMPORT GROWTH (July 2023 - July 2024)$1.4M(28.5%)
MAIN DESTINATION (July 2024)Italy$4.6M

This section shows Sulfonamides'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 Sulfonamides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$55.9M
IMPORTS (2022)$98.4M
NET TRADE (2022)-$42.5M

In 2022, South Korea exported $55.9M in Sulfonamides. The main destinations of South Korea exports on Sulfonamides were Italy ($9.44M), United States ($8.97M), Japan ($8.51M), Netherlands ($8.42M), and China ($8.25M).

In 2022, South Korea imported $98.4M in Sulfonamides, mainly from China ($30.8M), Germany ($17M), India ($16M), Japan ($15.4M), and United States ($14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sulfonamides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$3.23M (61.1%)
Ireland$3.04M (115k%)
Netherlands$2.63M (45.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sulfonamides BY South Korea WERE (2021 - 2022):
China-$7.99M (-49.2%)
Germany-$726k (-38.4%)
United Kingdom-$581k (-91.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Sulfonamides were:
Ireland $3.13B
Switzerland $1.61B
China $985M
In 2022, South Korea's main importing competitors in Sulfonamides were:
United States $2.4B
Spain $1.13B
Belgium $983M

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Trade Value of Sulfonamides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.75M
TOP IMPORT POTENTIALChina+ $6.83M

Sulfonamides’s highest export potential is United States. With an export gap of $4.75M.   Sulfonamides’s highest import potential is China with an import gap of $6.83M.

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