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Polymers of Styrene Export from South Korea Show a Steady Increase

Polymers of Styrene Export from South Korea Show a Steady Increase2019.07.12

Polymers of styrene have a broad range of applications due to their good impact resistance, water resistance and mechanical properties. According to the data from ITC, a total of 13.4 million tons of polymers of styrene (HS 3903) have been exported in 2018 and South Korea is the largest exporter of polymers of styrene (HS 3903) with the export weight of 2.1 million tons and the export value of 4,130,641 thousand USD.


(Data Source: ITC)

(Data Source: ITC)
 
The top ten exporters of polymers of styrene (HS 3903) in 2018 are South Korea, Taipei (China), Belgium, Hongkong (China), United States, Netherlands, France, Malaysia, Germany, and Thailand. The top ten exporters of polymers of styrene (HS 3903) have accounted for 72% of the world’s total export value in 2018, and South Korea accounts for 17% in the share of world’s export value.



(Data Source: Korea Customs, ITC)


According to the Korea Customs, the polymers of styrene (HS 3903) exported from South Korea have shown a general increase in the past five years. In 2018, the export quantity has a 3.4% increase compared with the previous year.


(Data Source: Korea Customs, ITC)


(Data Source: Korea Customs, ITC)


According to data from ITC and Korea Customs, the polymers of styrene (HS 3901) of South Korea are mainly exported to China, United States, Mexico, Vietnam and Turkey. In 2018,China is the largest importer of polymers of styrene from South Korea with the import weight of 651,922 MT, followed by Hongkong (China) with import of 187,005 MT and United States with import of 145,520 MT. And China accounts for nearly one third of the total polymers of styrene (HS3901) export value from South Korea. 

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