Cermets in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $32.9M in Cermets, making it the 7th largest exporter of Cermets in the world. At the same year, Cermets was the 563rd most exported product in South Korea. The main destination of Cermets exports from South Korea are: China ($23.2M), Germany ($3.34M), United States ($1.25M), United Kingdom ($843k), and India ($631k).

The fastest growing export markets for Cermets of South Korea between 2021 and 2022 were China ($4.73M), Mexico ($528k), and India ($347k).

Imports In 2022, South Korea imported $66.1M in Cermets, becoming the 4th largest importer of Cermets in the world. At the same year, Cermets was the 610th most imported product in South Korea. South Korea imports Cermets primarily from: China ($46.5M), Germany ($10.6M), United States ($2.97M), Japan ($2.14M), and Vietnam ($1.1M).

The fastest growing import markets in Cermets for South Korea between 2021 and 2022 were China ($13.7M), United States ($2.52M), and Vietnam ($326k).

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

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Cermets exports accounted up to $2.43M and imports accounted up to $5.62M, resulting in a negative trade balance of $3.19M. Between February 2023 and February 2024 the exports of South Korea's Cermets have decreased by $-267k (-9.89%) from $2.7M to $2.43M, while imports decreased by $-4.55M (-44.7%) from $10.2M to $5.62M.

Destinations In February 2024, Cermets were exported mostly to China ($1.48M), Germany ($385k), United Kingdom ($267k), United States ($99k), and Vietnam ($53k), and were imported mostly from China ($3.94M), United States ($530k), Germany ($452k), Japan ($361k), and Vietnam ($168k).

Growth In February 2024, the decrease in Cermets's year-by-year exports was explained primarily by a decrease in exports to China ($-1.42M or -56.2%), Japan ($-288k or -87.8%), and Germany ($-251k or -59.6%). In February 2024, the decrease in Cermets's year-by-year imports was explained primarily by a decrease in imports from China ($-737k or -9.61%), Japan ($-50k or -18.2%), and United States ($-15k or -3.46%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-267k(-9.89%)

IMPORT GROWTH (February 2023 - February 2024)$-4.55M(-44.7%)

MAIN DESTINATION (February 2024)China$1.48M

This section shows Cermets'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 Cermets over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$32.9M

IMPORTS (2022)$66.1M

NET TRADE (2022)-$33.2M

In 2022, South Korea exported $32.9M in Cermets. The main destinations of South Korea exports on Cermets were China ($23.2M), Germany ($3.34M), United States ($1.25M), United Kingdom ($843k), and India ($631k).

In 2022, South Korea imported $66.1M in Cermets, mainly from China ($46.5M), Germany ($10.6M), United States ($2.97M), Japan ($2.14M), and Vietnam ($1.1M).

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