Hydrochloric Acid in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $11.1M in Hydrochloric Acid, making it the 16th largest exporter of Hydrochloric Acid in the world. At the same year, Hydrochloric Acid was the 716th most exported product in South Korea. The main destination of Hydrochloric Acid exports from South Korea are: China ($5.93M), Singapore ($2.18M), United States ($1.09M), Chinese Taipei ($540k), and Vietnam ($246k).

The fastest growing export markets for Hydrochloric Acid of South Korea between 2021 and 2022 were Singapore ($1.87M), United States ($563k), and China ($529k).

Imports In 2022, South Korea imported $17.7M in Hydrochloric Acid, becoming the 7th largest importer of Hydrochloric Acid in the world. At the same year, Hydrochloric Acid was the 847th most imported product in South Korea. South Korea imports Hydrochloric Acid primarily from: Japan ($14.3M), Germany ($970k), United States ($847k), China ($801k), and Austria ($409k).

The fastest growing import markets in Hydrochloric Acid for South Korea between 2021 and 2022 were United States ($243k), China ($169k), and Germany ($84k).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTORNICS AMERICA, INC. (22) were at the forefront of shipping Hydrochloric Acid from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Hydrochloric Acid exports accounted up to $510k and imports accounted up to $1.53M, resulting in a negative trade balance of $1.02M. Between March 2023 and March 2024 the exports of South Korea's Hydrochloric Acid have decreased by $-357k (-41.2%) from $867k to $510k, while imports increased by $507k (49.8%) from $1.02M to $1.53M.

Destinations In March 2024, Hydrochloric Acid were exported mostly to China ($223k), United States ($147k), Malaysia ($58k), Vietnam ($41k), and Chinese Taipei ($40k), and were imported mostly from Japan ($1.21M), China ($141k), United States ($119k), Germany ($37k), and Austria ($17k).

Growth In March 2024, the decrease in Hydrochloric Acid's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-15k or -100%), Vietnam ($-10k or -35.7%), and Hong Kong ($-1k or -50%). In March 2024, the increase in Hydrochloric Acid's year-by-year imports was explained primarily by an increase in imports from United States ($135k or 321%) and Germany ($59k or 536%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-357k(-41.2%)

IMPORT GROWTH (March 2023 - March 2024)$507k(49.8%)

MAIN DESTINATION (March 2024)China$223k

This section shows Hydrochloric Acid'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 Hydrochloric Acid over time.

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