Cement in South Korea | The Observatory of Economic Complexity

About

Exports In 2023, South Korea exported $158M in Cement, making it the 27th largest exporter of Cement in the world. At the same year, Cement was the 286th most exported product in South Korea. The main destination of Cement exports from South Korea are: United States ($67M), Peru ($30.7M), Chile ($25.4M), Philippines ($12.6M), and Guatemala ($5.77M).

The fastest growing export markets for Cement of South Korea between 2022 and 2023 were Peru ($24.2M), Guatemala ($5.77M), and El Salvador ($2.2M).

Imports In 2023, South Korea imported $30.4M in Cement, becoming the 102nd largest importer of Cement in the world. At the same year, Cement was the 729th most imported product in South Korea. South Korea imports Cement primarily from: Japan ($16.8M), China ($9M), United Arab Emirates ($2.2M), Egypt ($1.12M), and Malaysia ($442k).

The fastest growing import markets in Cement for South Korea between 2022 and 2023 were China ($5.6M), United Arab Emirates ($239k), and Italy ($23.5k).

COMPANIES In 2024, leading companies such as Amazon (1) were at the forefront of shipping Cement from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Cement exports accounted up to $9.86M and imports accounted up to $5.93M, resulting in a positive trade balance of $3.93M. Between December 2023 and December 2024 the exports of South Korea's Cement have decreased by $-4.51M (-31.4%) from $14.4M to $9.86M, while imports increased by $2.53M (74.1%) from $3.41M to $5.93M.

Destinations In December 2024, Cement were exported mostly to Bangladesh ($2.26M), United States ($1.73M), Chile ($1.48M), China ($1.15M), and Peru ($1.07M), and were imported mostly from Japan ($2.79M), Vietnam ($1.7M), China ($1.11M), United Arab Emirates ($148k), and Malaysia ($112k).

Growth In December 2024, the decrease in Cement's year-by-year exports was explained primarily by a decrease in exports to Chile ($-2.55M or -66%) and Russia ($-10k or -52.6%). In December 2024, the increase in Cement's year-by-year imports was explained primarily by an increase in imports from Japan ($474k or 30%), China ($131k or 99.2%), and France ($53k or 115%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$-4.51M(-31.4%)

IMPORT GROWTH (December 2023 - December 2024)$2.53M(74.1%)

MAIN DESTINATION (December 2024)Bangladesh$2.26M

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.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$158M

IMPORTS (2023)$30.4M

NET TRADE (2023)$128M

In 2023, South Korea exported $158M in Cement. The main destinations of South Korea exports on Cement were United States ($67M), Peru ($30.7M), Chile ($25.4M), Philippines ($12.6M), and Guatemala ($5.77M).

In 2023, South Korea imported $30.4M in Cement, mainly from Japan ($16.8M), China ($9M), United Arab Emirates ($2.2M), Egypt ($1.12M), and Malaysia ($442k).

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