Unsaturated Acyclic Monocarboxylic Acids in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $548M in Unsaturated Acyclic Monocarboxylic Acids, making it the 10th largest exporter of Unsaturated Acyclic Monocarboxylic Acids in the world. At the same year, Unsaturated Acyclic Monocarboxylic Acids was the 154th most exported product in South Korea. The main destination of Unsaturated Acyclic Monocarboxylic Acids exports from South Korea are: China ($107M), United States ($103M), India ($53.5M), Japan ($49M), and Netherlands ($44M).

The fastest growing export markets for Unsaturated Acyclic Monocarboxylic Acids of South Korea between 2021 and 2022 were China ($16.8M), United Kingdom ($8.12M), and France ($5.49M).

Imports In 2022, South Korea imported $473M in Unsaturated Acyclic Monocarboxylic Acids, becoming the 10th largest importer of Unsaturated Acyclic Monocarboxylic Acids in the world. At the same year, Unsaturated Acyclic Monocarboxylic Acids was the 201st most imported product in South Korea. South Korea imports Unsaturated Acyclic Monocarboxylic Acids primarily from: China ($170M), Japan ($143M), India ($71.1M), United States ($44.2M), and Malaysia ($10.7M).

The fastest growing import markets in Unsaturated Acyclic Monocarboxylic Acids for South Korea between 2021 and 2022 were India ($31.9M), Chinese Taipei ($3.89M), and Belgium ($1.51M).

COMPANIES In 2023, leading companies such as Tesla (5), Samsung (2), and LG Electronics (1) were at the forefront of shipping Unsaturated Acyclic Monocarboxylic Acids from South Korea to the United States.

Latest Trends

November 2024

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Overview In November 2024 South Korea's Unsaturated Acyclic Monocarboxylic Acids exports accounted up to $28.5M and imports accounted up to $40.8M, resulting in a negative trade balance of $12.4M. Between November 2023 and November 2024 the exports of South Korea's Unsaturated Acyclic Monocarboxylic Acids have increased by $1.73M (6.48%) from $26.7M to $28.5M, while imports increased by $15.5M (61.1%) from $25.4M to $40.8M.

Destinations In November 2024, Unsaturated Acyclic Monocarboxylic Acids were exported mostly to United States ($6.91M), China ($6.35M), India ($2.41M), Japan ($2.27M), and Malaysia ($1.94M), and were imported mostly from China ($19.2M), Japan ($7.82M), United States ($5.54M), India ($5.28M), and Germany ($1.37M).

Growth In November 2024, the increase in Unsaturated Acyclic Monocarboxylic Acids's year-by-year exports was explained primarily by an increase in exports to Netherlands ($1.89M or 48.8%), Slovenia ($1.4M or 688%), and India ($248k or 5.05%). In November 2024, the increase in Unsaturated Acyclic Monocarboxylic Acids's year-by-year imports was explained primarily by an increase in imports from India ($2.73M or 63.8%), Belgium ($46k or 23%), and Sweden ($35k or 1.17k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$1.73M(6.48%)

IMPORT GROWTH (November 2023 - November 2024)$15.5M(61.1%)

MAIN DESTINATION (November 2024)United States$6.91M

This section shows Unsaturated Acyclic Monocarboxylic Acids'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 Unsaturated Acyclic Monocarboxylic Acids over time.

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