2023
Exports
$210MWorld Rnk 7 / 180
Flag Rnk 244 / 1188
2023
PRODUCT COMPLEXITY IN Abrasive Powder
1.13Rnk 133 / 1025
2023
Imports
$60.5MWorld Rnk 22 / 221
Flag Rnk 586 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $210M in Abrasive Powder, making it the 7th largest exporter of Abrasive Powder in the world. At the same year, Abrasive Powder was the 244th most exported product in South Korea. The main destination of Abrasive Powder exports from South Korea are: United States ($46M), China ($31.2M), India ($20.8M), Poland ($12.1M), and Italy ($11.2M).

The fastest growing export markets for Abrasive Powder of South Korea between 2022 and 2023 were India ($5.97M), Netherlands ($4.16M), and Poland ($1.73M).

Imports In 2023, South Korea imported $60.5M in Abrasive Powder, becoming the 22nd largest importer of Abrasive Powder in the world. At the same year, Abrasive Powder was the 586th most imported product in South Korea. South Korea imports Abrasive Powder primarily from: China ($23.3M), United States ($19.1M), Thailand ($5.82M), Japan ($5.51M), and Germany ($2.04M).

The fastest growing import markets in Abrasive Powder for South Korea between 2022 and 2023 were United States ($7.05M), Germany ($838k), and Singapore ($547k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$435k(2.58%)
IMPORT GROWTH (December 2023 - December 2024)$-490k(-11%)
MAIN DESTINATION (December 2024)China$2.99M

This section shows Abrasive Powder'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 Abrasive Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$210M
IMPORTS (2023)$60.5M
NET TRADE (2023)$149M

In 2023, South Korea exported $210M in Abrasive Powder. The main destinations of South Korea exports on Abrasive Powder were United States ($46M), China ($31.2M), India ($20.8M), Poland ($12.1M), and Italy ($11.2M).

In 2023, South Korea imported $60.5M in Abrasive Powder, mainly from China ($23.3M), United States ($19.1M), Thailand ($5.82M), Japan ($5.51M), and Germany ($2.04M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Abrasive Powder EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$5.97M (40.3%)
Netherlands$4.16M (220%)
Poland$1.73M (16.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Abrasive Powder BY South Korea WERE (2022 - 2023):
Russia-$9.62M (-100%)
Vietnam-$7.01M (-100%)
Germany-$4.83M (-54.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Abrasive Powder were:
In 2023, South Korea's main importing competitors in Abrasive Powder were:

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Trade Value of Abrasive Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $7.41M
TOP IMPORT POTENTIALChina+ $5.3M

Abrasive Powder’s highest export potential is China. With an export gap of $7.41M.   Abrasive Powder’s highest import potential is China with an import gap of $5.3M.

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