Phosphoric Acid in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $47.1M in Phosphoric Acid, making it the 16th largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 499th most exported product in South Korea. The main destination of Phosphoric Acid exports from South Korea are: China ($29.9M), Vietnam ($4.82M), Argentina ($3.68M), Peru ($2.42M), and Thailand ($2.13M).

The fastest growing export markets for Phosphoric Acid of South Korea between 2021 and 2022 were China ($11.6M), Argentina ($3.43M), and Vietnam ($2.92M).

Imports In 2022, South Korea imported $119M in Phosphoric Acid, becoming the 15th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 471st most imported product in South Korea. South Korea imports Phosphoric Acid primarily from: China ($99.9M), Japan ($14M), Vietnam ($1.63M), India ($1.5M), and Israel ($927k).

The fastest growing import markets in Phosphoric Acid for South Korea between 2021 and 2022 were Japan ($2.77M), Israel ($799k), and Germany ($236k).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTORNICS AMERICA, INC. (8) were at the forefront of shipping Phosphoric Acid from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Phosphoric Acid exports accounted up to $2.3M and imports accounted up to $8.42M, resulting in a negative trade balance of $6.12M. Between March 2023 and March 2024 the exports of South Korea's Phosphoric Acid have increased by $236k (11.4%) from $2.07M to $2.3M, while imports increased by $757k (9.87%) from $7.67M to $8.42M.

Destinations In March 2024, Phosphoric Acid were exported mostly to China ($1.46M), Peru ($230k), United States ($165k), Vietnam ($140k), and Thailand ($90k), and were imported mostly from China ($7.19M), Japan ($1.07M), United States ($52k), Vietnam ($44k), and India ($31k).

Growth In March 2024, the increase in Phosphoric Acid's year-by-year exports was explained primarily by an increase in exports to China ($181k or 8.24%) and Philippines ($1k or 33.3%). In March 2024, the increase in Phosphoric Acid's year-by-year imports was explained primarily by an increase in imports from Japan ($154k or 16.4%), Vietnam ($103k or 234%), and United States ($16k or 18%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$236k(11.4%)

IMPORT GROWTH (March 2023 - March 2024)$757k(9.87%)

MAIN DESTINATION (March 2024)China$1.46M

This section shows Phosphoric 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 Phosphoric Acid over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$47.1M

IMPORTS (2022)$119M

NET TRADE (2022)-$72.1M

In 2022, South Korea exported $47.1M in Phosphoric Acid. The main destinations of South Korea exports on Phosphoric Acid were China ($29.9M), Vietnam ($4.82M), Argentina ($3.68M), Peru ($2.42M), and Thailand ($2.13M).

In 2022, South Korea imported $119M in Phosphoric Acid, mainly from China ($99.9M), Japan ($14M), Vietnam ($1.63M), India ($1.5M), and Israel ($927k).

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