Nitrogenous Fertilizers in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $239M in Nitrogenous Fertilizers, making it the 42nd largest exporter of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 245th most exported product in South Korea. The main destination of Nitrogenous Fertilizers exports from South Korea are: Japan ($35.2M), Mexico ($29.2M), Indonesia ($26.2M), United States ($25.7M), and New Zealand ($20.6M).

The fastest growing export markets for Nitrogenous Fertilizers of South Korea between 2021 and 2022 were Indonesia ($21.7M), Mexico ($14.9M), and Japan ($13.5M).

Imports In 2022, South Korea imported $628M in Nitrogenous Fertilizers, becoming the 21st largest importer of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 161st most imported product in South Korea. South Korea imports Nitrogenous Fertilizers primarily from: China ($268M), Qatar ($139M), Saudi Arabia ($47M), Indonesia ($45.9M), and Vietnam ($45.4M).

The fastest growing import markets in Nitrogenous Fertilizers for South Korea between 2021 and 2022 were Qatar ($120M), Saudi Arabia ($37.8M), and Indonesia ($28M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Nitrogenous Fertilizers from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Nitrogenous Fertilizers exports accounted up to $10.9M and imports accounted up to $44.8M, resulting in a negative trade balance of $33.9M. Between February 2023 and February 2024 the exports of South Korea's Nitrogenous Fertilizers have decreased by $-8.17M (-42.8%) from $19.1M to $10.9M, while imports increased by $18.6M (71.1%) from $26.2M to $44.8M.

Destinations In February 2024, Nitrogenous Fertilizers were exported mostly to Indonesia ($3.97M), Vietnam ($2.08M), Japan ($1.93M), Philippines ($825k), and Malaysia ($735k), and were imported mostly from Qatar ($21.8M), Vietnam ($12.3M), China ($3.9M), Brunei ($2.44M), and Japan ($1.82M).

Growth In February 2024, the decrease in Nitrogenous Fertilizers's year-by-year exports was explained primarily by a decrease in exports to Japan ($-2.2M or -43.1%), India ($-1.77M or -100%), and Thailand ($-1.56M or -88.1%). In February 2024, the increase in Nitrogenous Fertilizers's year-by-year imports was explained primarily by an increase in imports from China ($10.6M or 58.7%), Japan ($284k or 46.8%), and Norway ($262k or 105%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-8.17M(-42.8%)

IMPORT GROWTH (February 2023 - February 2024)$18.6M(71.1%)

MAIN DESTINATION (February 2024)Indonesia$3.97M

This section shows Nitrogenous Fertilizers'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 Nitrogenous Fertilizers over time.

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