Aldehydes in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $489k in Aldehydes, making it the 52nd largest exporter of Aldehydes in the world. At the same year, Aldehydes was the 1041st most exported product in South Korea. The main destination of Aldehydes exports from South Korea are: Vietnam ($120k), India ($94.4k), Chinese Taipei ($93.2k), China ($62.6k), and Rwanda ($45.6k).

The fastest growing export markets for Aldehydes of South Korea between 2021 and 2022 were Chinese Taipei ($72.5k), India ($54.4k), and Vietnam ($50k).

Imports In 2022, South Korea imported $48.1M in Aldehydes, becoming the 17th largest importer of Aldehydes in the world. At the same year, Aldehydes was the 674th most imported product in South Korea. South Korea imports Aldehydes primarily from: China ($19.3M), Chinese Taipei ($8.76M), Spain ($5.65M), United States ($2.68M), and India ($2.22M).

The fastest growing import markets in Aldehydes for South Korea between 2021 and 2022 were Spain ($2.24M), China ($987k), and Singapore ($354k).

COMPANIES In 2023, leading companies such as ZF FRIEDRICHSHAFEN AG (16), LG ELECTRONICS USA (1), and VOLVO GROUP NORTH AMERICA LLC (1) were at the forefront of shipping Aldehydes from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Aldehydes exports accounted up to $671k and imports accounted up to $4.2M, resulting in a negative trade balance of $3.53M. Between March 2023 and March 2024 the exports of South Korea's Aldehydes have increased by $655k (4.09k%) from $16k to $671k, while imports increased by $1.16M (38%) from $3.05M to $4.2M.

Destinations In March 2024, Aldehydes were exported mostly to China ($634k), Thailand ($26k), Vietnam ($7k), Chinese Taipei ($4k), and Hong Kong ($0), and were imported mostly from China ($2.63M), Spain ($561k), Chinese Taipei ($473k), United States ($181k), and India ($141k).

Growth In March 2024, the increase in Aldehydes's year-by-year exports was explained primarily by an increase in exports to Thailand ($1k or 50%). In March 2024, the increase in Aldehydes's year-by-year imports was explained primarily by an increase in imports from United States ($555k or 325%), China ($502k or 27.3%), and Japan ($72k or 480%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$655k(4.09k%)

IMPORT GROWTH (March 2023 - March 2024)$1.16M(38%)

MAIN DESTINATION (March 2024)China$634k

This section shows Aldehydes'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 Aldehydes over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$489k

IMPORTS (2022)$48.1M

NET TRADE (2022)-$47.6M

In 2022, South Korea exported $489k in Aldehydes. The main destinations of South Korea exports on Aldehydes were Vietnam ($120k), India ($94.4k), Chinese Taipei ($93.2k), China ($62.6k), and Rwanda ($45.6k).

In 2022, South Korea imported $48.1M in Aldehydes, mainly from China ($19.3M), Chinese Taipei ($8.76M), Spain ($5.65M), United States ($2.68M), and India ($2.22M).

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