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2022
Exports $321MWorld Rnk 2 / 112
Flag Rnk 207 / 1204
2022
Destination $74.3M Chile
2021 - 2022
FASTEST GROWING MARKET $74.3MChile
2022
PRODUCT COMPLEXITY IN Sulfuric Acid-0.29Rnk 647 / 1025
2022
Imports $812kWorld Rnk 92 / 188
Flag Rnk 1144 / 1213
2022
Origin $17.5k United States
2021 - 2022
FASTEST GROWING ORIGIN $17.5kSingapore
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $321M in Sulfuric Acid, making it the 2nd largest exporter of Sulfuric Acid in the world. At the same year, Sulfuric Acid was the 207th most exported product in South Korea. The main destination of Sulfuric Acid exports from South Korea are: Chile ($117M), India ($57M), Thailand ($29.3M), Philippines ($18.8M), and Malaysia ($18.5M).

The fastest growing export markets for Sulfuric Acid of South Korea between 2021 and 2022 were Chile ($74.3M), India ($27.9M), and United States ($14.2M).

Imports In 2022, South Korea imported $812k in Sulfuric Acid, becoming the 92nd largest importer of Sulfuric Acid in the world. At the same year, Sulfuric Acid was the 1144th most imported product in South Korea. South Korea imports Sulfuric Acid primarily from: United States ($331k), Germany ($162k), Chinese Taipei ($120k), Japan ($104k), and Switzerland ($36.6k).

The fastest growing import markets in Sulfuric Acid for South Korea between 2021 and 2022 were Singapore ($17.5k), Denmark ($10.3k), and Switzerland ($5k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Sulfuric Acid exports accounted up to $5.5M and imports accounted up to $73k, resulting in a positive trade balance of $5.43M. Between October 2023 and October 2024 the exports of South Korea's   Sulfuric Acid have increased by $416k (8.18%) from $5.09M to $5.5M, while imports decreased by $-5k (-6.41%) from $78k to $73k.

Destinations In October 2024, Sulfuric Acid were exported mostly to Chile ($1.35M), Thailand ($1.25M), India ($858k), Morocco ($854k), and Vietnam ($773k), and were imported mostly from Chinese Taipei ($36k), Japan ($11k), United States ($10k), Germany ($8k), and Switzerland ($3k).

Growth In October 2024, the increase in Sulfuric Acid's year-by-year exports was explained primarily by an increase in exports to Japan ($15k or 300%) and Vietnam ($4k or 1.43%). In October 2024, the decrease in Sulfuric Acid's year-by-year imports was explained primarily by a decrease in imports from Japan ($-5k or -62.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$416k(8.18%)
IMPORT GROWTH (October 2023 - October 2024)$-5k(-6.41%)
MAIN DESTINATION (October 2024)Chile$1.35M

This section shows Sulfuric Acid'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 Sulfuric Acid over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$321M
IMPORTS (2022)$812k
NET TRADE (2022)$320M

In 2022, South Korea exported $321M in Sulfuric Acid. The main destinations of South Korea exports on Sulfuric Acid were Chile ($117M), India ($57M), Thailand ($29.3M), Philippines ($18.8M), and Malaysia ($18.5M).

In 2022, South Korea imported $812k in Sulfuric Acid, mainly from United States ($331k), Germany ($162k), Chinese Taipei ($120k), Japan ($104k), and Switzerland ($36.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sulfuric Acid EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chile$74.3M (175%)
India$27.9M (96%)
United States$14.2M (1.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sulfuric Acid BY South Korea WERE (2021 - 2022):
China-$2.75M (-20.4%)
Mexico-$1.84M (-100%)
Namibia-$1.62M (-27.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Sulfuric Acid were:
China $638M
Japan $301M
In 2022, South Korea's main importing competitors in Sulfuric Acid were:
Chile $754M
United States $459M
Morocco $201M

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Trade Value of Sulfuric Acid by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.5M
TOP IMPORT POTENTIALJapan+ $131k

Sulfuric Acid’s highest export potential is United States. With an export gap of $6.5M.   Sulfuric Acid’s highest import potential is Japan with an import gap of $131k.

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