Ammonia in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $50.5M in Ammonia, making it the 30th largest exporter of Ammonia in the world. At the same year, Ammonia was the 486th most exported product in South Korea. The main destination of Ammonia exports from South Korea are: Japan ($37M), China ($8.49M), United States ($2.68M), Malaysia ($1.14M), and Belgium ($465k).

The fastest growing export markets for Ammonia of South Korea between 2021 and 2022 were Japan ($25.6M), China ($981k), and Malaysia ($356k).

Imports In 2022, South Korea imported $1.14B in Ammonia, becoming the 4th largest importer of Ammonia in the world. At the same year, Ammonia was the 90th most imported product in South Korea. South Korea imports Ammonia primarily from: Indonesia ($500M), Saudi Arabia ($464M), Bahrain ($64.6M), Australia ($38.9M), and Malaysia ($31.4M).

The fastest growing import markets in Ammonia for South Korea between 2021 and 2022 were Saudi Arabia ($285M), Indonesia ($217M), and Bahrain ($26.4M).

COMPANIES In 2023, leading companies such as BARRY CALLEBAUT USA LLC (156) were at the forefront of shipping Ammonia from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Ammonia exports accounted up to $1.57M and imports accounted up to $28.5M, resulting in a negative trade balance of $26.9M. Between February 2023 and February 2024 the exports of South Korea's Ammonia have decreased by $-197k (-11.2%) from $1.77M to $1.57M, while imports decreased by $-35.8M (-55.7%) from $64.3M to $28.5M.

Destinations In February 2024, Ammonia were exported mostly to Japan ($596k), China ($492k), United States ($223k), Malaysia ($138k), and Australia ($50k), and were imported mostly from Indonesia ($18.6M), Saudi Arabia ($9.85M), Japan ($44k), Chinese Taipei ($3k), and Germany ($1k).

Growth In February 2024, the decrease in Ammonia's year-by-year exports was explained primarily by a decrease in exports to Japan ($-693k or -25.7%), Saudi Arabia ($-109k or -100%), and Malaysia ($-43k or -57.3%). In February 2024, the decrease in Ammonia's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-24.5M or -41.2%), Saudi Arabia ($-15.4M or -27.9%), and Japan ($-38k or -73.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-197k(-11.2%)

IMPORT GROWTH (February 2023 - February 2024)$-35.8M(-55.7%)

MAIN DESTINATION (February 2024)Japan$596k

This section shows Ammonia'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 Ammonia over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$50.5M

IMPORTS (2022)$1.14B

NET TRADE (2022)-$1.09B

In 2022, South Korea exported $50.5M in Ammonia. The main destinations of South Korea exports on Ammonia were Japan ($37M), China ($8.49M), United States ($2.68M), Malaysia ($1.14M), and Belgium ($465k).

In 2022, South Korea imported $1.14B in Ammonia, mainly from Indonesia ($500M), Saudi Arabia ($464M), Bahrain ($64.6M), Australia ($38.9M), and Malaysia ($31.4M).

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