HS Icon Alkylbenzenes and Alkylnaphthalenes in  Flag South Korea

2019
Exports | Imports
: $166M | $62.4M, World Rnk 7 / 69
Flag Rnk 275 / 1200 | World Rnk 13 / 142
Flag Rnk 574 / 1209

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $13M | $5.64M, Japan |  China

2019
ECONOMIC COMPLEXITY of South Korea
: 1.9, Rnk 5 / 147

2019
PRODUCT COMPLEXITY  IN Alkylbenzenes and Alkylnaphthalenes
: -0.11, Rnk 586 / 1029

Exports: In 2019, South Korea exported $166M in Alkylbenzenes and Alkylnaphthalenes, making it the 7th largest exporter of Alkylbenzenes and Alkylnaphthalenes in the world. At the same year, Alkylbenzenes and Alkylnaphthalenes was the 275th most exported product in South Korea. The main destination of Alkylbenzenes and Alkylnaphthalenes exports from South Korea are: Colombia ($31.8M), Philippines ($15.3M), Vietnam ($14.7M), Bangladesh ($14.5M), and Japan ($13.3M).

The fastest growing export markets for Alkylbenzenes and Alkylnaphthalenes of South Korea between 2018 and 2019 were Japan ($13M), Bangladesh ($10.6M), and Indonesia ($4.75M).

Imports: In 2019, South Korea imported $62.4M in Alkylbenzenes and Alkylnaphthalenes, becoming the 13th largest importer of Alkylbenzenes and Alkylnaphthalenes in the world. At the same year, Alkylbenzenes and Alkylnaphthalenes was the 574th most imported product in South Korea. South Korea imports Alkylbenzenes and Alkylnaphthalenes primarily from: China ($46.2M), Chinese Taipei ($12.2M), Thailand ($1.73M), United States ($1.51M), and Japan ($406k).

The fastest growing import markets in Alkylbenzenes and Alkylnaphthalenes for South Korea between 2018 and 2019 were China ($5.64M), Chinese Taipei ($4.63M), and United States ($217k).

Tariffs: In 2018, the average tariff for South Korea in Alkylbenzenes and Alkylnaphthalenes was 4.05%. The countries with the highest import tariffs for Alkylbenzenes and Alkylnaphthalenes were Botswana (Most Favoured Nation duty rate treatement, 6.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 6.5%), Cameroon (Most Favoured Nation duty rate treatement, 6.5%), Republic of the Congo (Most Favoured Nation duty rate treatement, 6.5%), and Cape Verde (Most Favoured Nation duty rate treatement, 6.5%).

Latest Trends (May 2021)

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Overview: In May 2021 South Korea's Alkylbenzenes and Alkylnaphthalenes exports accounted up to $18M and imports accounted up to $3.31M, resulting in a positive trade balance of $14.7M. Between May 2020 and May 2021 the exports of South Korea's   Alkylbenzenes and Alkylnaphthalenes have increased by $10.3M (134%) from $7.71M to $18M, while imports increased by $2.57M (352%) from $732k to $3.31M.

Destinations: In May 2021, Alkylbenzenes and Alkylnaphthalenes were exported mostly to Philippines ($5.2M), Colombia ($3.99M), Japan ($2.1M), Peru ($1.9M), and Vietnam ($1.78M), and were imported mostly from China ($2.62M), Thailand ($502k), United States ($91k), Japan ($70k), and France ($17k).

Growth: In May 2021, the increase in Alkylbenzenes and Alkylnaphthalenes's year-by-year exports was explained primarily by an increase in exports to Philippines ($4.88M or 1.55k%), Vietnam ($1.67M or 1.53k%), and Peru ($1.07M or 130%). In May 2021, the increase in Alkylbenzenes and Alkylnaphthalenes's year-by-year imports was explained primarily by an increase in imports from China ($2.16M or 465%), Thailand ($332k or 195%), and United States ($52k or 133%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): $10.3M, (134%)

IMPORT GROWTH (May 2020 - May 2021): $2.57M, (352%)

MAIN DESTINATION (May 2021): Philippines, $5.2M

This section shows Alkylbenzenes and Alkylnaphthalenes'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 Alkylbenzenes and Alkylnaphthalenes over time.

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Historical Data

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Value

EXPORTS (2019): $166M

IMPORTS (2019): $62.4M

NET TRADE (2019): $104M

In 2019, South Korea exported $166M in Alkylbenzenes and Alkylnaphthalenes. The main destinations of South Korea exports on Alkylbenzenes and Alkylnaphthalenes were Colombia ($31.8M), Philippines ($15.3M), Vietnam ($14.7M), Bangladesh ($14.5M), and Japan ($13.3M).

In 2019, South Korea imported $62.4M in Alkylbenzenes and Alkylnaphthalenes, mainly from China ($46.2M), Chinese Taipei ($12.2M), Thailand ($1.73M), United States ($1.51M), and Japan ($406k).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Alkylbenzenes and Alkylnaphthalenes WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Alkylbenzenes and Alkylnaphthalenes WITH:

Flow

THE FASTEST GROWING Alkylbenzenes and Alkylnaphthalenes EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Alkylbenzenes and Alkylnaphthalenes BY South Korea WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, South Korea's main exporting competitors in Alkylbenzenes and Alkylnaphthalenes were:

In 2018, South Korea's main importing competitors in Alkylbenzenes and Alkylnaphthalenes were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Alkylbenzenes and Alkylnaphthalenes was 4.05%.

The countries with the highest tariffs for Alkylbenzenes and Alkylnaphthalenes in South Korea were Botswana (Most Favoured Nation duty rate treatement, 6.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 6.5%), Cameroon (Most Favoured Nation duty rate treatement, 6.5%), Republic of the Congo (Most Favoured Nation duty rate treatement, 6.5%), and Cape Verde (Most Favoured Nation duty rate treatement, 6.5%).