Reaction and Catalytic Products in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $173M in Reaction and Catalytic Products, making it the 22nd largest exporter of Reaction and Catalytic Products in the world. At the same year, Reaction and Catalytic Products was the 304th most exported product in South Korea. The main destination of Reaction and Catalytic Products exports from South Korea are: China ($45.4M), Mexico ($29.8M), Japan ($24.6M), Vietnam ($9.78M), and Uzbekistan ($9.5M).

The fastest growing export markets for Reaction and Catalytic Products of South Korea between 2021 and 2022 were China ($9.62M), Mexico ($8.26M), and Japan ($7.71M).

Imports In 2022, South Korea imported $1.18B in Reaction and Catalytic Products, becoming the 5th largest importer of Reaction and Catalytic Products in the world. At the same year, Reaction and Catalytic Products was the 88th most imported product in South Korea. South Korea imports Reaction and Catalytic Products primarily from: United States ($412M), Japan ($258M), China ($113M), Germany ($94.8M), and Italy ($58.8M).

The fastest growing import markets in Reaction and Catalytic Products for South Korea between 2021 and 2022 were Belgium ($46M), Japan ($42.4M), and China ($37.9M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Reaction and Catalytic Products from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Reaction and Catalytic Products exports accounted up to $12.6M and imports accounted up to $118M, resulting in a negative trade balance of $105M. Between February 2023 and February 2024 the exports of South Korea's Reaction and Catalytic Products have decreased by $-586k (-4.46%) from $13.1M to $12.6M, while imports decreased by $-2.75M (-2.28%) from $121M to $118M.

Destinations In February 2024, Reaction and Catalytic Products were exported mostly to China ($3.98M), Mexico ($1.66M), Thailand ($1.39M), Japan ($1.33M), and Poland ($905k), and were imported mostly from United States ($51.5M), Japan ($34.4M), China ($10.5M), Czechia ($9.05M), and Germany ($4.8M).

Growth In February 2024, the decrease in Reaction and Catalytic Products's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-1.79M or -56.4%), Slovakia ($-829k or -87%), and Italy ($-391k or -100%). In February 2024, the decrease in Reaction and Catalytic Products's year-by-year imports was explained primarily by a decrease in imports from China ($-7.09M or -58.9%), France ($-2.35M or -57.9%), and Netherlands ($-2.3M or -90.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-586k(-4.46%)

IMPORT GROWTH (February 2023 - February 2024)$-2.75M(-2.28%)

MAIN DESTINATION (February 2024)China$3.98M

This section shows Reaction and Catalytic Products'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 Reaction and Catalytic Products over time.

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