Cyclic Alcohols in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $15.8M in Cyclic Alcohols, making it the 18th largest exporter of Cyclic Alcohols in the world. At the same year, Cyclic Alcohols was the 672nd most exported product in South Korea. The main destination of Cyclic Alcohols exports from South Korea are: United States ($3.68M), China ($2.42M), Italy ($2.25M), Japan ($1.67M), and Germany ($1.14M).

The fastest growing export markets for Cyclic Alcohols of South Korea between 2021 and 2022 were United States ($1.79M), Italy ($1.28M), and Netherlands ($965k).

Imports In 2022, South Korea imported $200M in Cyclic Alcohols, becoming the 4th largest importer of Cyclic Alcohols in the world. At the same year, Cyclic Alcohols was the 358th most imported product in South Korea. South Korea imports Cyclic Alcohols primarily from: Japan ($123M), China ($30.6M), Singapore ($15.4M), United States ($13.1M), and Germany ($9.29M).

The fastest growing import markets in Cyclic Alcohols for South Korea between 2021 and 2022 were Japan ($9.56M), United States ($8.58M), and Singapore ($1.45M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS USA (3) were at the forefront of shipping Cyclic Alcohols from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Cyclic Alcohols exports accounted up to $2.97M and imports accounted up to $17.3M, resulting in a negative trade balance of $14.4M. Between March 2023 and March 2024 the exports of South Korea's Cyclic Alcohols have increased by $1.5M (102%) from $1.47M to $2.97M, while imports increased by $141k (0.82%) from $17.2M to $17.3M.

Destinations In March 2024, Cyclic Alcohols were exported mostly to Belgium ($1.44M), China ($473k), Italy ($428k), United States ($211k), and Chinese Taipei ($136k), and were imported mostly from Japan ($12.6M), China ($2.01M), United States ($901k), Singapore ($667k), and India ($573k).

Growth In March 2024, the increase in Cyclic Alcohols's year-by-year exports was explained primarily by an increase in exports to China ($304k or 434%), Japan ($259k or 256%), and Italy ($184k or 164%). In March 2024, the increase in Cyclic Alcohols's year-by-year imports was explained primarily by an increase in imports from United States ($333k or 42.7%), Brazil ($9k or 900%), and Spain ($1k or 16.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$1.5M(102%)

IMPORT GROWTH (March 2023 - March 2024)$141k(0.82%)

MAIN DESTINATION (March 2024)Belgium$1.44M

This section shows Cyclic Alcohols'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 Cyclic Alcohols over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$15.8M

IMPORTS (2022)$200M

NET TRADE (2022)-$184M

In 2022, South Korea exported $15.8M in Cyclic Alcohols. The main destinations of South Korea exports on Cyclic Alcohols were United States ($3.68M), China ($2.42M), Italy ($2.25M), Japan ($1.67M), and Germany ($1.14M).

In 2022, South Korea imported $200M in Cyclic Alcohols, mainly from Japan ($123M), China ($30.6M), Singapore ($15.4M), United States ($13.1M), and Germany ($9.29M).

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