Other Inorganic Acids in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $183M in Other Inorganic Acids, making it the 11th largest exporter of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 294th most exported product in South Korea. The main destination of Other Inorganic Acids exports from South Korea are: China ($60.7M), United States ($27.6M), Japan ($11.5M), Thailand ($10.5M), and Philippines ($10.1M).

The fastest growing export markets for Other Inorganic Acids of South Korea between 2021 and 2022 were Russia ($7.64M), Philippines ($2.72M), and United States ($1.98M).

Imports In 2022, South Korea imported $445M in Other Inorganic Acids, becoming the 3rd largest importer of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 209th most imported product in South Korea. South Korea imports Other Inorganic Acids primarily from: China ($290M), Japan ($72.1M), Chinese Taipei ($35.4M), United States ($13.1M), and Israel ($7.25M).

The fastest growing import markets in Other Inorganic Acids for South Korea between 2021 and 2022 were China ($44.1M), Chinese Taipei ($7.41M), and Israel ($3.39M).

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

Latest Trends

February 2024

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Overview In February 2024 South Korea's Other Inorganic Acids exports accounted up to $58.8M and imports accounted up to $25.8M, resulting in a positive trade balance of $33M. Between February 2023 and February 2024 the exports of South Korea's Other Inorganic Acids have increased by $44.4M (308%) from $14.4M to $58.8M, while imports decreased by $-5.11M (-16.5%) from $30.9M to $25.8M.

Destinations In February 2024, Other Inorganic Acids were exported mostly to Russia ($46.4M), China ($4.17M), Poland ($1.41M), Japan ($1.28M), and Chinese Taipei ($884k), and were imported mostly from China ($15.9M), Japan ($5.69M), Chinese Taipei ($1.58M), Germany ($942k), and United States ($737k).

Growth In February 2024, the increase in Other Inorganic Acids's year-by-year exports was explained primarily by an increase in exports to Russia ($1.07M or 17.9k%), Japan ($389k or 32.9%), and China ($379k or 7.99%). In February 2024, the decrease in Other Inorganic Acids's year-by-year imports was explained primarily by a decrease in imports from China ($-3.56M or -12%), Chinese Taipei ($-2.48M or -54.3%), and Japan ($-1.79M or -28.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$44.4M(308%)

IMPORT GROWTH (February 2023 - February 2024)$-5.11M(-16.5%)

MAIN DESTINATION (February 2024)Russia$46.4M

This section shows Other Inorganic Acids'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 Other Inorganic Acids over time.

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