2022
Exports
$115kWorld Rnk 84 / 152
Flag Rnk 1116 / 1204
2022
PRODUCT COMPLEXITY IN Granite
-1.39Rnk 929 / 1025
2022
Imports
$5.07MWorld Rnk 35 / 197
Flag Rnk 1013 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $115k in Granite, making it the 84th largest exporter of Granite in the world. At the same year, Granite was the 1116th most exported product in South Korea. The main destination of Granite exports from South Korea are: Japan ($46.6k), China ($32.4k), Australia ($17.7k), Serbia ($12.4k), and Thailand ($4.51k).

The fastest growing export markets for Granite of South Korea between 2021 and 2022 were Australia ($17.7k), Serbia ($12.4k), and Thailand ($4.51k).

Imports In 2022, South Korea imported $5.07M in Granite, becoming the 35th largest importer of Granite in the world. At the same year, Granite was the 1013th most imported product in South Korea. South Korea imports Granite primarily from: China ($4.1M), India ($535k), Italy ($127k), Canada ($74.4k), and United States ($50k).

The fastest growing import markets in Granite for South Korea between 2021 and 2022 were Kyrgyzstan ($40.3k), Italy ($35.3k), and Thailand ($4.47k).

COMPANIES In 2023, leading companies such as Signify Lighting (5) and Amazon (1) were at the forefront of shipping Granite from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$5k(500%)
IMPORT GROWTH (September 2023 - September 2024)$-142k(-35.8%)
MAIN DESTINATION (September 2024)Vietnam$6k

This section shows Granite'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 Granite over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$115k
IMPORTS (2022)$5.07M
NET TRADE (2022)-$4.95M

In 2022, South Korea exported $115k in Granite. The main destinations of South Korea exports on Granite were Japan ($46.6k), China ($32.4k), Australia ($17.7k), Serbia ($12.4k), and Thailand ($4.51k).

In 2022, South Korea imported $5.07M in Granite, mainly from China ($4.1M), India ($535k), Italy ($127k), Canada ($74.4k), and United States ($50k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Granite EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Australia$17.7k (1%)
Serbia$12.4k (1%)
Thailand$4.51k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Granite BY South Korea WERE (2021 - 2022):
China-$329k (-91%)
Japan-$50.4k (-52%)
Indonesia-$13.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Granite were:
In 2022, South Korea's main importing competitors in Granite were:

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Trade Value of Granite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $69.6k
TOP IMPORT POTENTIALIndia+ $823k

Granite’s highest export potential is China. With an export gap of $69.6k.   Granite’s highest import potential is India with an import gap of $823k.

See methodology.

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