Photographic Chemicals in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $731M in Photographic Chemicals, making it the 2nd largest exporter of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 129th most exported product in South Korea. The main destination of Photographic Chemicals exports from South Korea are: China ($569M), Chinese Taipei ($57.1M), Hong Kong ($48.4M), United States ($24.7M), and Japan ($15.1M).

The fastest growing export markets for Photographic Chemicals of South Korea between 2021 and 2022 were China ($5.11M), United States ($4.18M), and India ($1.07M).

Imports In 2022, South Korea imported $583M in Photographic Chemicals, becoming the 3rd largest importer of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 168th most imported product in South Korea. South Korea imports Photographic Chemicals primarily from: Japan ($436M), Belgium ($64.7M), United States ($42.5M), China ($24.4M), and Chinese Taipei ($9.38M).

The fastest growing import markets in Photographic Chemicals for South Korea between 2021 and 2022 were Chinese Taipei ($5.46M), United States ($3.38M), and China ($2.6M).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (40) were at the forefront of shipping Photographic Chemicals from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Photographic Chemicals exports accounted up to $52.4M and imports accounted up to $40.9M, resulting in a positive trade balance of $11.5M. Between February 2023 and February 2024 the exports of South Korea's Photographic Chemicals have decreased by $-4M (-7.09%) from $56.5M to $52.4M, while imports increased by $4.56M (12.5%) from $36.4M to $40.9M.

Destinations In February 2024, Photographic Chemicals were exported mostly to China ($41.6M), Chinese Taipei ($4.45M), Hong Kong ($4.04M), Japan ($990k), and Vietnam ($511k), and were imported mostly from Japan ($31.6M), United States ($3.73M), Belgium ($3.49M), Chinese Taipei ($971k), and China ($556k).

Growth In February 2024, the decrease in Photographic Chemicals's year-by-year exports was explained primarily by a decrease in exports to China ($-8.77M or -17%), Hong Kong ($-1.41M or -28.8%), and Japan ($-805k or -53%). In February 2024, the increase in Photographic Chemicals's year-by-year imports was explained primarily by an increase in imports from China ($1.06M or 106%), Netherlands ($340k or 337%), and Vietnam ($91k or 207%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-4M(-7.09%)

IMPORT GROWTH (February 2023 - February 2024)$4.56M(12.5%)

MAIN DESTINATION (February 2024)China$41.6M

This section shows Photographic Chemicals'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 Photographic Chemicals over time.

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