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2022
Exports $145MWorld Rnk 5 / 95
Flag Rnk 326 / 1204
2022
Destination $20.5M United States
2021 - 2022
FASTEST GROWING MARKET $20.5MUnited States
2022
PRODUCT COMPLEXITY IN Other Esters1.95Rnk 8 / 1025
2022
Imports $161MWorld Rnk 4 / 170
Flag Rnk 409 / 1213
2022
Origin $6.43M China
2021 - 2022
FASTEST GROWING ORIGIN $6.43MNetherlands
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $145M in Other Esters, making it the 5th largest exporter of Other Esters in the world. At the same year, Other Esters was the 326th most exported product in South Korea. The main destination of Other Esters exports from South Korea are: United States ($51.7M), China ($20.4M), Belgium ($13.9M), Singapore ($8.05M), and India ($7.24M).

The fastest growing export markets for Other Esters of South Korea between 2021 and 2022 were United States ($20.5M), India ($3.83M), and Hungary ($3.11M).

Imports In 2022, South Korea imported $161M in Other Esters, becoming the 4th largest importer of Other Esters in the world. At the same year, Other Esters was the 409th most imported product in South Korea. South Korea imports Other Esters primarily from: China ($102M), Germany ($14.9M), United States ($11.9M), Japan ($11.8M), and India ($8.6M).

The fastest growing import markets in Other Esters for South Korea between 2021 and 2022 were Netherlands ($6.43M), United States ($1.51M), and Germany ($783k).

COMPANIES In 2023, leading companies such as LG Electronics (3) were at the forefront of shipping Other Esters from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Esters exports accounted up to $10.1M and imports accounted up to $8.88M, resulting in a positive trade balance of $1.22M. Between July 2023 and July 2024 the exports of South Korea's   Other Esters have increased by $1.67M (19.8%) from $8.43M to $10.1M, while imports increased by $153k (1.75%) from $8.73M to $8.88M.

Destinations In July 2024, Other Esters were exported mostly to United States ($3.23M), China ($2.05M), Belgium ($1.31M), United Arab Emirates ($620k), and Malaysia ($555k), and were imported mostly from China ($5.31M), Germany ($909k), India ($791k), Singapore ($665k), and United States ($613k).

Growth In July 2024, the increase in Other Esters's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($419k or 327%), Japan ($360k or 105%), and Spain ($246k or 315%). In July 2024, the increase in Other Esters's year-by-year imports was explained primarily by an increase in imports from Germany ($293k or 21.3%), Switzerland ($63k or 525%), and Belgium ($14k or 32.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.67M(19.8%)
IMPORT GROWTH (July 2023 - July 2024)$153k(1.75%)
MAIN DESTINATION (July 2024)United States$3.23M

This section shows Other Esters'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 Other Esters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$145M
IMPORTS (2022)$161M
NET TRADE (2022)-$15.8M

In 2022, South Korea exported $145M in Other Esters. The main destinations of South Korea exports on Other Esters were United States ($51.7M), China ($20.4M), Belgium ($13.9M), Singapore ($8.05M), and India ($7.24M).

In 2022, South Korea imported $161M in Other Esters, mainly from China ($102M), Germany ($14.9M), United States ($11.9M), Japan ($11.8M), and India ($8.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Esters EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$20.5M (65.7%)
India$3.83M (112%)
Hungary$3.11M (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Esters BY South Korea WERE (2021 - 2022):
Germany-$1.97M (-38.9%)
Japan-$1.24M (-25.7%)
China-$1.16M (-5.4%)
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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 Other Esters were:
China $771M
Germany $377M
United States $208M
In 2022, South Korea's main importing competitors in Other Esters were:
United States $347M
China $220M
India $163M

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Trade Value of Other Esters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.98M
TOP IMPORT POTENTIALIndia+ $3.32M

Other Esters’s highest export potential is China. With an export gap of $5.98M.   Other Esters’s highest import potential is India with an import gap of $3.32M.

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