2022
Exports
$22.8MWorld Rnk 34 / 181
Flag Rnk 624 / 1204
2022
PRODUCT COMPLEXITY IN Scrap Plastic
-0.71Rnk 759 / 1025
2022
Imports
$36MWorld Rnk 27 / 188
Flag Rnk 739 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $22.8M in Scrap Plastic, making it the 34th largest exporter of Scrap Plastic in the world. At the same year, Scrap Plastic was the 624th most exported product in South Korea. The main destination of Scrap Plastic exports from South Korea are: Vietnam ($15.6M), Australia ($2.7M), Chinese Taipei ($1.83M), United States ($1.06M), and Thailand ($431k).

The fastest growing export markets for Scrap Plastic of South Korea between 2021 and 2022 were Chinese Taipei ($836k), Australia ($699k), and United States ($669k).

Imports In 2022, South Korea imported $36M in Scrap Plastic, becoming the 27th largest importer of Scrap Plastic in the world. At the same year, Scrap Plastic was the 739th most imported product in South Korea. South Korea imports Scrap Plastic primarily from: Japan ($13.7M), Poland ($3.29M), Mexico ($3.11M), China ($1.98M), and Saudi Arabia ($1.79M).

The fastest growing import markets in Scrap Plastic for South Korea between 2021 and 2022 were Mexico ($2.32M), Indonesia ($1.3M), and Poland ($810k).

COMPANIES In 2023, leading companies such as Continental Materials (16), Hyosung (3), and Samsung (2) were at the forefront of shipping Scrap Plastic from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$128k(10.3%)
IMPORT GROWTH (September 2023 - September 2024)$-1.74M(-67.9%)
MAIN DESTINATION (September 2024)Vietnam$1.17M

This section shows Scrap Plastic'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 Scrap Plastic over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.8M
IMPORTS (2022)$36M
NET TRADE (2022)-$13.2M

In 2022, South Korea exported $22.8M in Scrap Plastic. The main destinations of South Korea exports on Scrap Plastic were Vietnam ($15.6M), Australia ($2.7M), Chinese Taipei ($1.83M), United States ($1.06M), and Thailand ($431k).

In 2022, South Korea imported $36M in Scrap Plastic, mainly from Japan ($13.7M), Poland ($3.29M), Mexico ($3.11M), China ($1.98M), and Saudi Arabia ($1.79M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Plastic EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$836k (83.7%)
Australia$699k (35%)
United States$669k (170%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Plastic BY South Korea WERE (2021 - 2022):
Malaysia-$932k (-71.1%)
Vietnam-$580k (-3.59%)
Kenya-$248k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Scrap Plastic were:
In 2022, South Korea's main importing competitors in Scrap Plastic were:

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Trade Value of Scrap Plastic by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $941k
TOP IMPORT POTENTIALChina+ $1.12M

Scrap Plastic’s highest export potential is United States. With an export gap of $941k.   Scrap Plastic’s highest import potential is China with an import gap of $1.12M.

See methodology.

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