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Export Guide by Industry

How do I export chemical products?

Korea is one of the world's top five chemical industry powers, holding a broad chemical product portfolio ranging from petrochemical-based raw materials to fine chemicals, functional materials, and specialty chemicals. Based on the R&D achievements of the Korea Research Institute of Chemical Technology (KRICT) and world-class manufacturing infrastructure, global competitiveness is rapidly strengthening in high-value-added fine chemical sectors such as specialty gases for semiconductors, battery materials, and high-performance coatings.

common.keySummary

The global chemical market was approximately $5.5 trillion in 2023, maintaining stable annual average growth of 4.2% and projected to reach approximately $6.7 trillion by 2028. Korea's chemical product exports were approximately $49 billion in 2023, accounting for about 9% of total exports as a major export industry. Major export countries are China (30%), US (12%), India (8%), Vietnam (7%), and Japan (6%), in that order, with basic petrochemical products such as synthetic resins and synthetic rubber accounting for approximately 55% of total chemical exports. Demand for secondary battery materials (cathode precursors, electrolytes, separators) and specialty chemicals for semiconductor processes is rapidly increasing with battery and EV industry growth, driving high-value-added chemical exports. Amid global chemical supply chain restructuring and the trend of diversifying away from China dependence, Korean chemical companies have increasing opportunities to expand exports to the US and Europe.

Market Overview

The global chemical market was approximately $5.5 trillion in 2023, maintaining stable annual average growth of 4.2% and projected to reach approximately $6.7 trillion by 2028. Korea's chemical product exports were approximately $49 billion in 2023, accounting for about 9% of total exports as a major export industry. Major export countries are China (30%), US (12%), India (8%), Vietnam (7%), and Japan (6%), in that order, with basic petrochemical products such as synthetic resins and synthetic rubber accounting for approximately 55% of total chemical exports. Demand for secondary battery materials (cathode precursors, electrolytes, separators) and specialty chemicals for semiconductor processes is rapidly increasing with battery and EV industry growth, driving high-value-added chemical exports. Amid global chemical supply chain restructuring and the trend of diversifying away from China dependence, Korean chemical companies have increasing opportunities to expand exports to the US and Europe.

Major Export Markets and Country-Specific Regulatory Environment

China is Korea's largest chemical product export market, but due to China's chemical self-sufficiency improvement policy (dual carbon targets) and strengthening domestic industry protection, the export structure is trending toward upgrading from basic chemicals to fine and specialty chemicals. In the US, following IRA implementation, demand for Korean chemical companies has increased in the battery materials and semiconductor chemicals sectors, and compliance with EPA's (Environmental Protection Agency) TSCA (Toxic Substances Control Act) regulations is a basic requirement for market entry. The EU market applies the world's strictest chemical substance regulatory framework through REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), and registration with ECHA (European Chemicals Agency) is mandatory for chemicals manufactured or exported within the EU at over 1 ton per year. India shows continued growing import demand in petrochemical raw materials, pesticides, and specialty chemicals alongside its chemical manufacturing promotion policy (Production Linked Incentive), and BIS certification and securing local partners are key to market entry. Southeast Asia is a strategically expanding export region where demand for industrial chemicals such as paints, adhesives, and surfactants for detergents is rapidly growing alongside accelerating industrialization.

Essential Certifications and Chemical Regulatory Compliance

The most important regulatory compliance for Korean chemical product exports is domestic registration under the Chemical Substances Registration and Evaluation Act (K-REACH) and responding to chemical substance regulations of each export country. Under EU REACH regulations, chemicals exported in volumes exceeding 1 ton per year must be registered with ECHA, with registration costs ranging from hundreds of thousands to hundreds of millions of KRW depending on the substance and export volume. Under US TSCA (40 CFR Part 720), new substances not on the US TSCA Inventory must submit a PMN (Pre-Manufacture Notice) to the EPA, with a standard processing period of 90 days. SDS (Safety Data Sheet) and labeling under GHS (Globally Harmonized System of Classification and Labeling of Chemicals) are mandatory in most export countries, and must be prepared to match each country's GHS implementation stage and language requirements. Pesticide-related chemical substances (agricultural pesticides, fungicides, insecticides) must undergo separate pesticide registration procedures in each country (US EPA, EU Biocidal Products Regulation BPR), requiring much more complex and long-term registration strategies than general chemical substances.

Export Procedures, HS Codes, and Customs Clearance Practice

Chemical product HS codes are distributed across Chapters 28 (inorganic chemicals) through 38 (miscellaneous chemical industry products), and since the detailed classification is very complex, advance HS code confirmation with an authorized customs agent is essential. Representative HS codes include organic compounds (Chapter 29), pharmaceutical raw materials (Chapter 30), fertilizers (Chapter 31), paints and pigments (Chapter 32), surfactants and detergents (Chapter 34), and specialty chemicals (Chapter 38). In addition to basic export documents (commercial invoice, packing list, certificate of origin) for chemical product exports, hazardous materials must be accompanied by a Dangerous Goods Declaration (DGD) and Safety Data Sheet (SDS) in accordance with IMDG Code (maritime) and IATA DGR (aviation) regulations. Chemical substances classified as strategic materials (dual-use goods) must obtain export licenses from the Strategic Trade Division of the Ministry of Trade, Industry and Energy, and Schedule chemicals related to the Chemical Weapons Convention (CWC) are subject to particularly strict export controls. The K-CISS (Strategic Trade Self-Assessment System) must be used to self-check for export control applicability before export declaration, and in uncertain cases, an official interpretation from the Strategic Trade Division must be obtained.

Buyer Sourcing Strategy

B2B buyer sourcing for chemical products can be effectively conducted through global chemistry-specialized databases (ChemConnect, ICIS, IHS Markit) and chemistry-specialized B2B platforms (ChemBuyersGuide, Chemelo). Through KOTRA's chemistry industry-specialized buyer matching services and the Korea Chemical Industry Association's (KoChIA) overseas export support network, reliable local importers and end-use companies can be found. Participating in sector-specialized trade shows such as ACHEMA (Germany), CPhI Worldwide (pharmaceutical chemicals), and China International Chemical Industry Fair (CCCF) is the most efficient method for direct meetings with global buyers in the chemical industry. For participating in the global supply chains of semiconductor, battery, and automotive industries, strategies for overseas demand connection through major corporations' partner networks (Samsung, SK, LG, etc.) are also effective, and some major corporations introduce overseas clients with chemical material supply cooperation opportunities to their partners.

Pricing Strategy and Payment Terms

Export prices for chemical products are often linked to international crude oil and naphtha prices, and including a feedstock escalation clause (price adjustment mechanism reflecting raw material price fluctuations) in contracts when signing agreements effectively manages cost variation risk. For bulk chemicals (basic petrochemicals), prices are determined based on international market prices (Platts, ICIS market conditions), so grasping market information is key to price negotiations, while specialty and fine chemicals can pursue premium price strategies based on technological differentiation. For large-scale long-term supply contracts, contract structures that secure stable volume and improve revenue predictability through Take-or-Pay clauses and minimum purchase quantity guarantees are common. For payment terms, L/C (letter of credit) or T/T (telegraphic transfer) 100% prepayment is the principle for new trading partners, and it is desirable to negotiate D/P or O/A (60–90 days) conditions for long-term trading partners with verified credit to improve competitiveness.

Marketing and Technical Sales Strategy

B2B marketing for chemical products is centered on technical data sheets (TDS), safety data sheets (SDS), application notes, and sample provision as core technical sales. A dual-channel sales strategy that simultaneously targets potential buyers' R&D teams and purchasing teams is particularly effective in the chemical industry, and custom technical seminars and product demonstrations contribute to trust building. Advertising in chemistry-specialized academic journals, contributing to industry association publications, and utilizing LinkedIn professional networks are effective channels for raising awareness among global potential customers. For specialty and functional chemicals, proposing Joint Development Agreements to build technical partnerships with customers can develop into far more powerful long-term exclusive supply relationships than short-term delivery contracts.

Logistics and Hazardous Materials Transport

Chemical product logistics require special transport conditions based on the product's hazard classification (UN hazard class), so the hazardous materials classification and packaging requirements of the substance must be confirmed in advance. Flammable, toxic, and corrosive chemicals require the use of UN packaging-certified containers and mandatory attachment of Dangerous Goods Declarations in accordance with IMDG Code (maritime hazardous materials) or IATA DGR (aviation hazardous materials) regulations. Using international chemical transport-specialized forwarders (e.g., Kuehne+Nagel Chemicals, Univar Solutions Logistics) enables systematic management of complex hazardous materials transport documentation and regulatory compliance. Chemical substance storage warehouses must meet hazardous materials storage permits (Hazardous Materials Safety Management Act) and local hazardous materials storage standards in export countries (e.g., OSHA, ATEX), and using local bonded warehouses or specialized chemical storage companies is practical. For large-scale chemical exports, cargo insurance combined with active consideration of K-SURE's environmental pollution special clause export insurance enrollment is strongly recommended.

Key Trade Shows and Global Networking

Global chemical industry trade shows are the most efficient platforms for technology exchange, buyer sourcing, and new product introduction. KOTRA and the Korea Chemical Industry Association (KoChIA) provide Korea Pavilion operations and participation fee support services at major international chemical trade shows, so establishing annual participation plans in advance and submitting support applications is important. When participating in trade shows, strategies that combine technical seminar presentations, pre-arranged buyer meeting schedules, and on-site sample distributions—rather than simple product displays—are effective for achieving substantive trading results. Participating in international academic conferences in chemical engineering and applied chemistry fields through the International Union of Pure and Applied Chemistry (IUPAC) also provides useful networking opportunities for finding technology partnerships with research institutes and universities and pioneering new application areas.

Buyer Types

Petrochemical and Basic Chemical Import Traders

Chemical product import-specialized traders in China, Southeast Asia, and India purchase bulk chemicals such as synthetic resins (PE, PP, PET), synthetic rubber, and basic organic compounds in large quantities, and price competitiveness and stable volume supply capability are key requirements for successful transactions. For building long-term trading relationships with these parties, transparent pricing policies based on international chemical market conditions (ICIS, Platts) and prompt shipping and document processing capabilities are essential.

Battery and Semiconductor Material Manufacturers

Global secondary battery manufacturers (CATL, Panasonic, LG Energy Solution overseas entities) and semiconductor manufacturers (TSMC, Intel, Samsung overseas operations) are actively discovering new suppliers to build stable supply chains for high-purity electrolytes, cathode precursors, specialty solvents, and semiconductor cleaning liquids. To transact with this buyer segment, ISO 9001, IATF 16949, and other quality certifications must be obtained and supplier qualification audits passed, with stable quality management systems and rapid technical support capabilities as core requirements.

Paint, Coating, and Adhesive Manufacturers

Paint, coating, and adhesive manufacturers in the US, Europe, and China show continued interest in Korean suppliers of functional chemical raw materials such as high-performance pigments, resins, curing agents, and specialty additives. This industry group is seeing greatly increased demand for alternative materials due to tightening environmental regulations (VOC restrictions, heavy metal pigment substitution), creating a favorable market environment for Korean companies holding eco-friendly alternative chemical raw materials.

Pharmaceutical and Bio Raw Material Importers

Pharmaceutical and bio chemicals such as Active Pharmaceutical Ingredients (API), pharmaceutical intermediates, and cell culture media components are a high-value-added market requiring high purity standards and strict regulatory compliance. Registering as a raw material supplier for global pharmaceutical companies through US FDA DMF (Drug Master File) registration or EU CEP (Certificate of Suitability of the European Pharmacopoeia) acquisition enables stable long-term contracts and high-margin transactions.

Agrochemical and Crop Protection Manufacturers

Pesticide technical grade and formulation manufacturers continuously import high-quality Korean pesticide raw materials and intermediates, with agrochemical manufacturers in India, Brazil, and Southeast Asia forming the major buyer segment. When exporting pesticide raw materials, destination country pesticide registration status must be confirmed and export requirements under the Pesticides Management Act must be strictly complied with, and submission of ingredient analysis certificates according to CIPAC (Collaborative International Pesticides Analytical Council) analytical methods is generally required.

Essential Certifications

reachiso-certification

Key Trade Shows

Trade Show NameLocationDate / Period
ACHEMA (World Exhibition Congress on Chemical Engineering)Frankfurt, GermanyJune, triennial (2024, 2027...)
CPhI Worldwide (Pharmaceutical Chemicals Exhibition)Barcelona, Spain (rotating)October–November (annual)
China International Chemical Industry Fair (CCCF)Shanghai, ChinaSeptember–October (annual)
Korea ChemCOEX, Seoul, KoreaOctober (annual)

Frequently Asked Questions

A. Under EU REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) regulations, Korean manufacturers exporting chemical substances to the EU at over 1 ton per year must either designate an Only Representative (OR) within the EU, or have the EU importer directly register with ECHA (European Chemicals Agency). Registration obligations are applied in stages based on export volume, with registration costs ranging from approximately 2,000 euros (small volumes, 1–10 tons/year) to tens of thousands of euros (large volumes, 1,000+ tons/year) depending on the substance. Substances included on the SVHC (Substances of Very High Concern) list require separate Authorisation applications, and some substances may have their use restricted (Restriction), so the ECHA public list must be periodically monitored. Failure to comply with REACH registration can result in customs clearance refusal at EU customs, and administrative penalties are imposed by each member state for violations. KRICT and KoChIA support REACH response consulting and information provision services, so utilizing them when setting initial response direction is recommended.

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