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Pricing

2022
Exports $33MWorld Rnk 16 / 101
Flag Rnk 561 / 1204
2022
Destination $5.63M Japan
2021 - 2022
FASTEST GROWING MARKET $5.63MJapan
2022
PRODUCT COMPLEXITY IN Carbides-0.24Rnk 626 / 1025
2022
Imports $156MWorld Rnk 4 / 175
Flag Rnk 417 / 1213
2022
Origin $4.43M China
2021 - 2022
FASTEST GROWING ORIGIN $4.43MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $33M in Carbides, making it the 16th largest exporter of Carbides in the world. At the same year, Carbides was the 561st most exported product in South Korea. The main destination of Carbides exports from South Korea are: Japan ($13.3M), Sweden ($9.37M), Israel ($2.83M), United Kingdom ($2.16M), and China ($1.43M).

The fastest growing export markets for Carbides of South Korea between 2021 and 2022 were Japan ($5.63M), China ($776k), and Hong Kong ($424k).

Imports In 2022, South Korea imported $156M in Carbides, becoming the 4th largest importer of Carbides in the world. At the same year, Carbides was the 417th most imported product in South Korea. South Korea imports Carbides primarily from: China ($117M), Austria ($10M), Vietnam ($9.22M), Japan ($6.52M), and Norway ($3.86M).

The fastest growing import markets in Carbides for South Korea between 2021 and 2022 were China ($4.43M), Austria ($2.14M), and Vietnam ($2.08M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Carbides exports accounted up to $3.31M and imports accounted up to $16.4M, resulting in a negative trade balance of $13.1M. Between July 2023 and July 2024 the exports of South Korea's   Carbides have increased by $293k (9.72%) from $3.02M to $3.31M, while imports increased by $8.2M (100%) from $8.19M to $16.4M.

Destinations In July 2024, Carbides were exported mostly to Israel ($924k), Sweden ($758k), China ($604k), Japan ($575k), and United States ($117k), and were imported mostly from China ($13M), Austria ($1.44M), Norway ($446k), Japan ($386k), and Vietnam ($386k).

Growth In July 2024, the increase in Carbides's year-by-year exports was explained primarily by an increase in exports to Vietnam ($201k or 287%), Sweden ($43k or 4.12%), and China ($9k or 39.1%). In July 2024, the increase in Carbides's year-by-year imports was explained primarily by an increase in imports from Norway ($597k or 269%) and Japan ($112k or 35.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$293k(9.72%)
IMPORT GROWTH (July 2023 - July 2024)$8.2M(100%)
MAIN DESTINATION (July 2024)Israel$924k

This section shows Carbides'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 Carbides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$33M
IMPORTS (2022)$156M
NET TRADE (2022)-$123M

In 2022, South Korea exported $33M in Carbides. The main destinations of South Korea exports on Carbides were Japan ($13.3M), Sweden ($9.37M), Israel ($2.83M), United Kingdom ($2.16M), and China ($1.43M).

In 2022, South Korea imported $156M in Carbides, mainly from China ($117M), Austria ($10M), Vietnam ($9.22M), Japan ($6.52M), and Norway ($3.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carbides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$5.63M (73%)
China$776k (119%)
Hong Kong$424k (1.52M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carbides BY South Korea WERE (2021 - 2022):
Israel-$2.49M (-46.8%)
Italy-$1.62M (-75.8%)
United Kingdom-$464k (-17.7%)
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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 Carbides were:
China $1.04B
Austria $327M
Germany $181M
In 2022, South Korea's main importing competitors in Carbides were:
United States $460M
Germany $352M
Japan $306M

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Trade Value of Carbides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $852k
TOP IMPORT POTENTIALGermany+ $1.32M

Carbides’s highest export potential is China. With an export gap of $852k.   Carbides’s highest import potential is Germany with an import gap of $1.32M.

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