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2022
Exports $1.76MWorld Rnk 18 / 69
Flag Rnk 931 / 1204
2022
Destination $177k India
2021 - 2022
FASTEST GROWING MARKET $177kVietnam
2022
Imports $21MWorld Rnk 10 / 145
Flag Rnk 823 / 1213
2022
Origin $1.47M Japan
2021 - 2022
FASTEST GROWING ORIGIN $1.47MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.76M in Chromium Oxides and Hydroxides, making it the 18th largest exporter of Chromium Oxides and Hydroxides in the world. At the same year, Chromium Oxides and Hydroxides was the 931st most exported product in South Korea. The main destination of Chromium Oxides and Hydroxides exports from South Korea are: India ($478k), Vietnam ($403k), Japan ($337k), Malaysia ($286k), and Indonesia ($149k).

The fastest growing export markets for Chromium Oxides and Hydroxides of South Korea between 2021 and 2022 were Vietnam ($177k), Thailand ($28.5k), and Malaysia ($27k).

Imports In 2022, South Korea imported $21M in Chromium Oxides and Hydroxides, becoming the 10th largest importer of Chromium Oxides and Hydroxides in the world. At the same year, Chromium Oxides and Hydroxides was the 823rd most imported product in South Korea. South Korea imports Chromium Oxides and Hydroxides primarily from: Japan ($5.71M), United States ($5.27M), China ($3.7M), Turkey ($3.31M), and India ($1.49M).

The fastest growing import markets in Chromium Oxides and Hydroxides for South Korea between 2021 and 2022 were Japan ($1.47M), United States ($433k), and Kazakhstan ($36.1k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Chromium Oxides and Hydroxides exports accounted up to $159k and imports accounted up to $1.91M, resulting in a negative trade balance of $1.75M. Between July 2023 and July 2024 the exports of South Korea's   Chromium Oxides and Hydroxides have decreased by $-29k (-15.4%) from $188k to $159k, while imports increased by $76k (4.14%) from $1.83M to $1.91M.

Destinations In July 2024, Chromium Oxides and Hydroxides were exported mostly to India ($81k), Vietnam ($72k), China ($5k), Chinese Taipei ($1k), and South Africa ($0), and were imported mostly from China ($735k), Japan ($623k), India ($223k), Germany ($126k), and South Africa ($119k).

Growth In July 2024, the decrease in Chromium Oxides and Hydroxides's year-by-year exports was explained primarily by a decrease in exports to China ($-2k or -66.7%). In July 2024, the increase in Chromium Oxides and Hydroxides's year-by-year imports was explained primarily by an increase in imports from India ($225k or 107%), Japan ($113k or 51.6%), and China ($94k or 17.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-29k(-15.4%)
IMPORT GROWTH (July 2023 - July 2024)$76k(4.14%)
MAIN DESTINATION (July 2024)India$81k

This section shows Chromium Oxides and Hydroxides'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 Chromium Oxides and Hydroxides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.76M
IMPORTS (2022)$21M
NET TRADE (2022)-$19.2M

In 2022, South Korea exported $1.76M in Chromium Oxides and Hydroxides. The main destinations of South Korea exports on Chromium Oxides and Hydroxides were India ($478k), Vietnam ($403k), Japan ($337k), Malaysia ($286k), and Indonesia ($149k).

In 2022, South Korea imported $21M in Chromium Oxides and Hydroxides, mainly from Japan ($5.71M), United States ($5.27M), China ($3.7M), Turkey ($3.31M), and India ($1.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chromium Oxides and Hydroxides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$177k (78.4%)
Thailand$28.5k (319%)
Malaysia$27k (10.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chromium Oxides and Hydroxides BY South Korea WERE (2021 - 2022):
Chinese Taipei-$213k (-95.3%)
United States-$106k (-91.3%)
India-$105k (-18%)
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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 Chromium Oxides and Hydroxides were:
Kazakhstan $242M
China $71.5M
Germany $64M
In 2022, South Korea's main importing competitors in Chromium Oxides and Hydroxides were:
Estonia $100M
Spain $46.6M
United States $42.9M

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Trade Value of Chromium Oxides and Hydroxides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $50.2k
TOP IMPORT POTENTIALChina+ $719k

Chromium Oxides and Hydroxides’s highest export potential is Japan. With an export gap of $50.2k.   Chromium Oxides and Hydroxides’s highest import potential is China with an import gap of $719k.

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