Acyclic Hydrocarbons in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $3.75B in Acyclic Hydrocarbons, making it the 2nd largest exporter of Acyclic Hydrocarbons in the world. At the same year, Acyclic Hydrocarbons was the 29th most exported product in South Korea. The main destination of Acyclic Hydrocarbons exports from South Korea are: China ($2.59B), Japan ($386M), Chinese Taipei ($283M), United States ($126M), and Indonesia ($110M).

The fastest growing export markets for Acyclic Hydrocarbons of South Korea between 2021 and 2022 were China ($154M), Japan ($150M), and Indonesia ($82M).

Imports In 2022, South Korea imported $854M in Acyclic Hydrocarbons, becoming the 10th largest importer of Acyclic Hydrocarbons in the world. At the same year, Acyclic Hydrocarbons was the 129th most imported product in South Korea. South Korea imports Acyclic Hydrocarbons primarily from: United States ($221M), Japan ($189M), China ($152M), Chinese Taipei ($60.5M), and Belgium ($47.6M).

The fastest growing import markets in Acyclic Hydrocarbons for South Korea between 2021 and 2022 were United States ($128M), Singapore ($15.2M), and Belgium ($13.9M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (178) were at the forefront of shipping Acyclic Hydrocarbons from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Acyclic Hydrocarbons exports accounted up to $230M and imports accounted up to $74.8M, resulting in a positive trade balance of $156M. Between February 2023 and February 2024 the exports of South Korea's Acyclic Hydrocarbons have increased by $27.4M (13.5%) from $203M to $230M, while imports increased by $3.07M (4.29%) from $71.7M to $74.8M.

Destinations In February 2024, Acyclic Hydrocarbons were exported mostly to China ($169M), Chinese Taipei ($22.9M), Indonesia ($11.1M), Saudi Arabia ($7.06M), and Malaysia ($3.84M), and were imported mostly from Japan ($20.9M), United States ($19.2M), China ($6.35M), Netherlands ($5.39M), and Canada ($5.23M).

Growth In February 2024, the increase in Acyclic Hydrocarbons's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($2.16M or 3.43k%), Thailand ($1.47M or 1.44k%), and Malaysia ($1.15M or 2.3k%). In February 2024, the increase in Acyclic Hydrocarbons's year-by-year imports was explained primarily by an increase in imports from Japan ($12.9M or 136%), Malaysia ($334k or 22%), and France ($202k or 1.19k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$27.4M(13.5%)

IMPORT GROWTH (February 2023 - February 2024)$3.07M(4.29%)

MAIN DESTINATION (February 2024)China$169M

This section shows Acyclic Hydrocarbons'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 Acyclic Hydrocarbons over time.

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