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2022
Exports $386MWorld Rnk 5 / 115
Flag Rnk 185 / 1204
2022
Destination $53.1M China
2021 - 2022
FASTEST GROWING MARKET $53.1MChina
2022
PRODUCT COMPLEXITY IN Other Organo-Inorganic Compounds1.47Rnk 60 / 1025
2022
Imports $514MWorld Rnk 6 / 182
Flag Rnk 185 / 1213
2022
Origin $34.7M China
2021 - 2022
FASTEST GROWING ORIGIN $34.7MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $386M in Other Organo-Inorganic Compounds, making it the 5th largest exporter of Other Organo-Inorganic Compounds in the world. At the same year, Other Organo-Inorganic Compounds was the 185th most exported product in South Korea. The main destination of Other Organo-Inorganic Compounds exports from South Korea are: China ($196M), Japan ($54.4M), Chinese Taipei ($39.9M), United States ($21.3M), and Belgium ($16.4M).

The fastest growing export markets for Other Organo-Inorganic Compounds of South Korea between 2021 and 2022 were China ($53.1M), Japan ($13.9M), and Chinese Taipei ($9.07M).

Imports In 2022, South Korea imported $514M in Other Organo-Inorganic Compounds, becoming the 6th largest importer of Other Organo-Inorganic Compounds in the world. At the same year, Other Organo-Inorganic Compounds was the 185th most imported product in South Korea. South Korea imports Other Organo-Inorganic Compounds primarily from: China ($223M), United States ($105M), Japan ($77.6M), Germany ($60.9M), and India ($13.8M).

The fastest growing import markets in Other Organo-Inorganic Compounds for South Korea between 2021 and 2022 were China ($34.7M), Germany ($19.3M), and United States ($12.4M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Organo-Inorganic Compounds exports accounted up to $37.3M and imports accounted up to $33.8M, resulting in a positive trade balance of $3.5M. Between July 2023 and July 2024 the exports of South Korea's   Other Organo-Inorganic Compounds have increased by $10.9M (41.5%) from $26.3M to $37.3M, while imports increased by $8.28M (32.5%) from $25.5M to $33.8M.

Destinations In July 2024, Other Organo-Inorganic Compounds were exported mostly to China ($20.8M), Chinese Taipei ($5M), Belgium ($3.15M), Japan ($3.03M), and United States ($1.54M), and were imported mostly from China ($12.6M), Japan ($6.78M), United States ($6.52M), Germany ($2.96M), and Chinese Taipei ($2.28M).

Growth In July 2024, the increase in Other Organo-Inorganic Compounds's year-by-year exports was explained primarily by an increase in exports to China ($4.12M or 36.1%), Belgium ($844k or 60.5%), and Singapore ($484k or 93.1%). In July 2024, the increase in Other Organo-Inorganic Compounds's year-by-year imports was explained primarily by an increase in imports from China ($1.95M or 10%), United States ($1.54M or 17.5%), and United Kingdom ($200k or 351%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$10.9M(41.5%)
IMPORT GROWTH (July 2023 - July 2024)$8.28M(32.5%)
MAIN DESTINATION (July 2024)China$20.8M

This section shows Other Organo-Inorganic Compounds'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 Organo-Inorganic Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$386M
IMPORTS (2022)$514M
NET TRADE (2022)-$128M

In 2022, South Korea exported $386M in Other Organo-Inorganic Compounds. The main destinations of South Korea exports on Other Organo-Inorganic Compounds were China ($196M), Japan ($54.4M), Chinese Taipei ($39.9M), United States ($21.3M), and Belgium ($16.4M).

In 2022, South Korea imported $514M in Other Organo-Inorganic Compounds, mainly from China ($223M), United States ($105M), Japan ($77.6M), Germany ($60.9M), and India ($13.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Organo-Inorganic Compounds EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$53.1M (37.3%)
Japan$13.9M (34.4%)
Chinese Taipei$9.07M (29.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Organo-Inorganic Compounds BY South Korea WERE (2021 - 2022):
Hong Kong-$2.02M (-93.4%)
Ireland-$1.08M (-71.5%)
Russia-$907k (-94.7%)
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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 Other Organo-Inorganic Compounds were:
China $7.03B
United States $1.65B
Germany $1.04B
In 2022, South Korea's main importing competitors in Other Organo-Inorganic Compounds were:
United States $2.44B
Brazil $1.62B
Argentina $901M

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Trade Value of Other Organo-Inorganic Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.8M
TOP IMPORT POTENTIALChina+ $41.9M

Other Organo-Inorganic Compounds’s highest export potential is United States. With an export gap of $12.8M.   Other Organo-Inorganic Compounds’s highest import potential is China with an import gap of $41.9M.

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