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2022
Exports $332MWorld Rnk 13 / 162
Flag Rnk 62 / 96
2022
Destination $29.8M China
2021 - 2022
FASTEST GROWING MARKET $29.8MUnited States
2022
PRODUCT COMPLEXITY IN Cermet articles1.9Rnk 12 / 1025
2022
Imports $1.32BWorld Rnk 5 / 203
Flag Rnk 49 / 96
2022
Origin $58M China
2021 - 2022
FASTEST GROWING ORIGIN $58MDemocratic Republic of the Congo
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $332M in Cermet articles, making it the 13th largest exporter of Cermet articles in the world. At the same year, Cermet articles was the 62nd most exported product in South Korea. The main destination of Cermet articles exports from South Korea are: China ($88.9M), United States ($84.2M), Japan ($39.6M), Germany ($14M), and India ($13.9M).

The fastest growing export markets for Cermet articles of South Korea between 2021 and 2022 were United States ($29.8M), Japan ($5.02M), and Malaysia ($4.59M).

Imports In 2022, South Korea imported $1.32B in Cermet articles, becoming the 5th largest importer of Cermet articles in the world. At the same year, Cermet articles was the 49th most imported product in South Korea. South Korea imports Cermet articles primarily from: China ($680M), United States ($178M), Japan ($114M), Democratic Republic of the Congo ($82.4M), and Kazakhstan ($40.1M).

The fastest growing import markets in Cermet articles for South Korea between 2021 and 2022 were Democratic Republic of the Congo ($58M), China ($43.5M), and United States ($23.5M).

COMPANIES In 2023, leading companies such as LG Electronics (18), Hankook Tires (9), and Sumitomo Rubber (1) were at the forefront of shipping Cermet articles from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Cermet articles exports accounted up to $28.9M and imports accounted up to $134M, resulting in a negative trade balance of $105M. Between October 2023 and October 2024 the exports of South Korea's   Cermet articles have increased by $8.23M (39.8%) from $20.7M to $28.9M, while imports increased by $38.6M (40.5%) from $95.4M to $134M.

Destinations In October 2024, Cermet articles were exported mostly to United States ($10.6M), China ($6.45M), Japan ($5.01M), India ($1.4M), and Netherlands ($1.3M), and were imported mostly from China ($60.9M), United States ($31.1M), Japan ($19.3M), Austria ($3.59M), and Kazakhstan ($3.32M).

Growth In October 2024, the increase in Cermet articles's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($747k or 149%), United States ($566k or 10.4%), and Germany ($325k or 39.8%). In October 2024, the increase in Cermet articles's year-by-year imports was explained primarily by an increase in imports from United States ($7.45M or 75.7%), Democratic Republic of the Congo ($3.89M or 190%), and Kazakhstan ($2.68M or 117%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$8.23M(39.8%)
IMPORT GROWTH (October 2023 - October 2024)$38.6M(40.5%)
MAIN DESTINATION (October 2024)United States$10.6M

This section shows Cermet articles'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 Cermet articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$332M
IMPORTS (2022)$1.32B
NET TRADE (2022)-$989M

In 2022, South Korea exported $332M in Cermet articles. The main destinations of South Korea exports on Cermet articles were China ($88.9M), United States ($84.2M), Japan ($39.6M), Germany ($14M), and India ($13.9M).

In 2022, South Korea imported $1.32B in Cermet articles, mainly from China ($680M), United States ($178M), Japan ($114M), Democratic Republic of the Congo ($82.4M), and Kazakhstan ($40.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cermet articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$29.8M (54.9%)
Japan$5.02M (14.5%)
Malaysia$4.59M (52.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cermet articles BY South Korea WERE (2021 - 2022):
China-$5.74M (-6.06%)
Chinese Taipei-$5.43M (-40.2%)
Russia-$3.71M (-90.3%)
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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 Cermet articles were:
China $6.8B
Democratic Republic of the Congo $5.99B
United States $3B
In 2022, South Korea's main importing competitors in Cermet articles were:
China $7.35B
United States $3.94B
Germany $2.4B

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Trade Value of Cermet articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.97M
TOP IMPORT POTENTIALDemocratic Republic of the Congo+ $11.6M

Cermet articles’s highest export potential is China. With an export gap of $9.97M.   Cermet articles’s highest import potential is Democratic Republic of the Congo with an import gap of $11.6M.

See methodology.

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