Cement in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $154M in Cement, making it the 27th largest exporter of Cement in the world. At the same year, Cement was the 318th most exported product in South Korea. The main destination of Cement exports from South Korea are: United States ($58.6M), Chile ($39.4M), Philippines ($19M), China ($13.6M), and Canada ($5.17M).

The fastest growing export markets for Cement of South Korea between 2021 and 2022 were Chile ($22.9M), United States ($5.39M), and Canada ($2.56M).

Imports In 2022, South Korea imported $34.5M in Cement, becoming the 92nd largest importer of Cement in the world. At the same year, Cement was the 749th most imported product in South Korea. South Korea imports Cement primarily from: Japan ($21.7M), China ($4.31M), Egypt ($2.7M), United Arab Emirates ($1.98M), and France ($1.67M).

The fastest growing import markets in Cement for South Korea between 2021 and 2022 were Egypt ($1.28M), China ($1.03M), and United Arab Emirates ($830k).

COMPANIES In 2023, leading companies such as At Home Procurement (1) and General Motors (1) were at the forefront of shipping Cement from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Cement exports accounted up to $9.67M and imports accounted up to $3.87M, resulting in a positive trade balance of $5.8M. Between September 2023 and September 2024 the exports of South Korea's Cement have decreased by $-49k (-0.5%) from $9.71M to $9.67M, while imports increased by $312k (8.77%) from $3.56M to $3.87M.

Destinations In September 2024, Cement were exported mostly to United States ($3.33M), Chile ($2.64M), Bangladesh ($1.13M), Peru ($1.13M), and Cameroon ($587k), and were imported mostly from Japan ($2.5M), China ($878k), United Arab Emirates ($318k), France ($156k), and Malaysia ($12k).

Growth In September 2024, the decrease in Cement's year-by-year exports was explained primarily by a decrease in exports to United States ($-3.2M or -62.8%), China ($-1.89M or -100%), and Chinese Taipei ($-356k or -81.1%). In September 2024, the increase in Cement's year-by-year imports was explained primarily by an increase in imports from United Arab Emirates ($172k or 637%) and Malaysia ($46k or 69.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$-49k(-0.5%)

IMPORT GROWTH (September 2023 - September 2024)$312k(8.77%)

MAIN DESTINATION (September 2024)United States$3.33M

This section shows Cement'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 Cement over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$154M

IMPORTS (2022)$34.5M

NET TRADE (2022)$120M

In 2022, South Korea exported $154M in Cement. The main destinations of South Korea exports on Cement were United States ($58.6M), Chile ($39.4M), Philippines ($19M), China ($13.6M), and Canada ($5.17M).

In 2022, South Korea imported $34.5M in Cement, mainly from Japan ($21.7M), China ($4.31M), Egypt ($2.7M), United Arab Emirates ($1.98M), and France ($1.67M).

Explore Visualizations