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2022
Exports $46.6MWorld Rnk 12 / 133
Flag Rnk 504 / 1204
2022
Destination $658k China
2021 - 2022
FASTEST GROWING MARKET $658kNorway
2022
PRODUCT COMPLEXITY IN Refractory Ceramics0.84Rnk 228 / 1025
2022
Imports $127MWorld Rnk 3 / 195
Flag Rnk 457 / 1213
2022
Origin $9.18M China
2021 - 2022
FASTEST GROWING ORIGIN $9.18MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $46.6M in Refractory Ceramics, making it the 12th largest exporter of Refractory Ceramics in the world. At the same year, Refractory Ceramics was the 504th most exported product in South Korea. The main destination of Refractory Ceramics exports from South Korea are: China ($21.7M), United States ($7.21M), Japan ($4.22M), Indonesia ($3.83M), and Vietnam ($1.88M).

The fastest growing export markets for Refractory Ceramics of South Korea between 2021 and 2022 were Norway ($658k), Iran ($360k), and Vietnam ($157k).

Imports In 2022, South Korea imported $127M in Refractory Ceramics, becoming the 3rd largest importer of Refractory Ceramics in the world. At the same year, Refractory Ceramics was the 457th most imported product in South Korea. South Korea imports Refractory Ceramics primarily from: China ($64.6M), United States ($22.9M), Japan ($18.5M), Germany ($7.98M), and Vietnam ($2.24M).

The fastest growing import markets in Refractory Ceramics for South Korea between 2021 and 2022 were China ($9.18M), United States ($4.41M), and Israel ($596k).

COMPANIES In 2023, leading companies such as RHI Magnesita (4) were at the forefront of shipping Refractory Ceramics from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Refractory Ceramics exports accounted up to $4.75M and imports accounted up to $16.7M, resulting in a negative trade balance of $12M. Between July 2023 and July 2024 the exports of South Korea's   Refractory Ceramics have increased by $93k (2%) from $4.65M to $4.75M, while imports increased by $2.85M (20.5%) from $13.9M to $16.7M.

Destinations In July 2024, Refractory Ceramics were exported mostly to China ($1.81M), United States ($1.26M), Indonesia ($390k), Vietnam ($327k), and Japan ($305k), and were imported mostly from China ($6.18M), Japan ($5.87M), United States ($2.18M), Germany ($1.88M), and India ($109k).

Growth In July 2024, the increase in Refractory Ceramics's year-by-year exports was explained primarily by an increase in exports to Indonesia ($458k or 178%), Singapore ($10k or 333%), and Czechia ($9k or 60%). In July 2024, the increase in Refractory Ceramics's year-by-year imports was explained primarily by an increase in imports from Japan ($708k or 33.4%), Germany ($187k or 54.4%), and Israel ($90k or 64.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$93k(2%)
IMPORT GROWTH (July 2023 - July 2024)$2.85M(20.5%)
MAIN DESTINATION (July 2024)China$1.81M

This section shows Refractory Ceramics'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 Refractory Ceramics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$46.6M
IMPORTS (2022)$127M
NET TRADE (2022)-$80.7M

In 2022, South Korea exported $46.6M in Refractory Ceramics. The main destinations of South Korea exports on Refractory Ceramics were China ($21.7M), United States ($7.21M), Japan ($4.22M), Indonesia ($3.83M), and Vietnam ($1.88M).

In 2022, South Korea imported $127M in Refractory Ceramics, mainly from China ($64.6M), United States ($22.9M), Japan ($18.5M), Germany ($7.98M), and Vietnam ($2.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refractory Ceramics EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Norway$658k (511%)
Iran$360k (1%)
Vietnam$157k (9.12%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refractory Ceramics BY South Korea WERE (2021 - 2022):
China-$6.67M (-23.5%)
Japan-$2.56M (-37.7%)
Brazil-$654k (-34.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Refractory Ceramics were:
China $480M
United States $324M
Germany $312M
In 2022, South Korea's main importing competitors in Refractory Ceramics were:
United States $333M
Germany $141M

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Trade Value of Refractory Ceramics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.92M
TOP IMPORT POTENTIALGermany+ $1.72M

Refractory Ceramics’s highest export potential is United States. With an export gap of $1.92M.   Refractory Ceramics’s highest import potential is Germany with an import gap of $1.72M.

See methodology.

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