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2022
Exports $504kWorld Rnk 38 / 93
Flag Rnk 1038 / 1204
2022
Destination $137k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $137kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Barium Sulphate-1.41Rnk 935 / 1025
2022
Imports $9.49MWorld Rnk 21 / 158
Flag Rnk 949 / 1213
2022
Origin $460k China
2021 - 2022
FASTEST GROWING ORIGIN $460kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $504k in Barium Sulphate, making it the 38th largest exporter of Barium Sulphate in the world. At the same year, Barium Sulphate was the 1038th most exported product in South Korea. The main destination of Barium Sulphate exports from South Korea are: United Kingdom ($137k), Japan ($114k), Vietnam ($114k), Saudi Arabia ($63.4k), and China ($36.2k).

The fastest growing export markets for Barium Sulphate of South Korea between 2021 and 2022 were United Kingdom ($137k), Saudi Arabia ($38.2k), and Turkey ($22.9k).

Imports In 2022, South Korea imported $9.49M in Barium Sulphate, becoming the 21st largest importer of Barium Sulphate in the world. At the same year, Barium Sulphate was the 949th most imported product in South Korea. South Korea imports Barium Sulphate primarily from: China ($9.31M), Thailand ($130k), Spain ($39.6k), Pakistan ($4.97k), and Singapore ($4.35k).

The fastest growing import markets in Barium Sulphate for South Korea between 2021 and 2022 were China ($460k), Thailand ($34.3k), and Spain ($8.23k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Barium Sulphate exports accounted up to $45k and imports accounted up to $902k, resulting in a negative trade balance of $857k. Between September 2023 and September 2024 the exports of South Korea's   Barium Sulphate have increased by $5k (12.5%) from $40k to $45k, while imports decreased by $-50k (-5.25%) from $952k to $902k.

Destinations In September 2024, Barium Sulphate were exported mostly to Japan ($25k), Vietnam ($19k), Turkey ($1k), China ($0), and Spain ($0), and were imported mostly from China ($895k), Spain ($7k), Japan ($0), Turkey ($0), and Vietnam ($0).

Growth In September 2024, the increase in Barium Sulphate's year-by-year exports was explained primarily by an increase in exports to Vietnam ($13k or 433%) and China ($2k or 100%). In September 2024, the decrease in Barium Sulphate's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$5k(12.5%)
IMPORT GROWTH (September 2023 - September 2024)$-50k(-5.25%)
MAIN DESTINATION (September 2024)Japan$25k

This section shows Barium Sulphate'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 Barium Sulphate over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$504k
IMPORTS (2022)$9.49M
NET TRADE (2022)-$8.99M

In 2022, South Korea exported $504k in Barium Sulphate. The main destinations of South Korea exports on Barium Sulphate were United Kingdom ($137k), Japan ($114k), Vietnam ($114k), Saudi Arabia ($63.4k), and China ($36.2k).

In 2022, South Korea imported $9.49M in Barium Sulphate, mainly from China ($9.31M), Thailand ($130k), Spain ($39.6k), Pakistan ($4.97k), and Singapore ($4.35k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Barium Sulphate EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United Kingdom$137k (1%)
Saudi Arabia$38.2k (151%)
Turkey$22.9k (323%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Barium Sulphate BY South Korea WERE (2021 - 2022):
China-$23.5k (-39.4%)
Iran-$19.4k (-100%)
Vietnam-$18.4k (-14%)
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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 Barium Sulphate were:
India $230M
China $155M
Morocco $123M
In 2022, South Korea's main importing competitors in Barium Sulphate were:
United States $257M
Saudi Arabia $73.2M
Kuwait $69.1M

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Trade Value of Barium Sulphate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $37.2k
TOP IMPORT POTENTIALThailand+ $91.2k

Barium Sulphate’s highest export potential is China. With an export gap of $37.2k.   Barium Sulphate’s highest import potential is Thailand with an import gap of $91.2k.

See methodology.

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