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2022
Exports $8.61MWorld Rnk 31 / 147
Flag Rnk 751 / 1204
2022
Destination $307k Philippines
2021 - 2022
FASTEST GROWING MARKET $307kVietnam
2022
PRODUCT COMPLEXITY IN Gypsum-1.3Rnk 910 / 1025
2022
Imports $26.6MWorld Rnk 15 / 210
Flag Rnk 789 / 1213
2022
Origin $2.86M China
2021 - 2022
FASTEST GROWING ORIGIN $2.86MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $8.61M in Gypsum, making it the 31st largest exporter of Gypsum in the world. At the same year, Gypsum was the 751st most exported product in South Korea. The main destination of Gypsum exports from South Korea are: Philippines ($3.62M), Indonesia ($1.14M), Vietnam ($737k), China ($636k), and Bangladesh ($560k).

The fastest growing export markets for Gypsum of South Korea between 2021 and 2022 were Vietnam ($307k), Indonesia ($162k), and Bangladesh ($157k).

Imports In 2022, South Korea imported $26.6M in Gypsum, becoming the 15th largest importer of Gypsum in the world. At the same year, Gypsum was the 789th most imported product in South Korea. South Korea imports Gypsum primarily from: China ($15M), Thailand ($8.46M), Morocco ($1.34M), Japan ($722k), and United States ($453k).

The fastest growing import markets in Gypsum for South Korea between 2021 and 2022 were China ($2.86M), Morocco ($38.6k), and Japan ($32.3k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Gypsum exports accounted up to $520k and imports accounted up to $3.53M, resulting in a negative trade balance of $3.01M. Between September 2023 and September 2024 the exports of South Korea's   Gypsum have decreased by $-46k (-8.13%) from $566k to $520k, while imports increased by $2.57M (270%) from $953k to $3.53M.

Destinations In September 2024, Gypsum were exported mostly to Philippines ($150k), Indonesia ($94k), Japan ($63k), Vietnam ($57k), and Brazil ($27k), and were imported mostly from Thailand ($2.07M), China ($1.17M), Morocco ($196k), United States ($45k), and United Kingdom ($18k).

Growth In September 2024, the decrease in Gypsum's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-66k or -66%), Australia ($-8k or -72.7%), and India ($-5k or -100%). In September 2024, the increase in Gypsum's year-by-year imports was explained primarily by an increase in imports from Thailand ($1.44M or 2.88k%), Japan ($107k or 228%), and United States ($13k or 186%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-46k(-8.13%)
IMPORT GROWTH (September 2023 - September 2024)$2.57M(270%)
MAIN DESTINATION (September 2024)Philippines$150k

This section shows Gypsum'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 Gypsum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.61M
IMPORTS (2022)$26.6M
NET TRADE (2022)-$18M

In 2022, South Korea exported $8.61M in Gypsum. The main destinations of South Korea exports on Gypsum were Philippines ($3.62M), Indonesia ($1.14M), Vietnam ($737k), China ($636k), and Bangladesh ($560k).

In 2022, South Korea imported $26.6M in Gypsum, mainly from China ($15M), Thailand ($8.46M), Morocco ($1.34M), Japan ($722k), and United States ($453k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gypsum EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$307k (71.2%)
Indonesia$162k (16.5%)
Bangladesh$157k (39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gypsum BY South Korea WERE (2021 - 2022):
Japan-$887k (-69.5%)
Philippines-$426k (-10.5%)
Hong Kong-$141k (-84%)
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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 Gypsum were:
Thailand $225M
Spain $195M
Oman $175M
In 2022, South Korea's main importing competitors in Gypsum were:
India $140M
United States $128M
Nigeria $103M

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Trade Value of Gypsum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $468k
TOP IMPORT POTENTIALUnited States+ $384k

Gypsum’s highest export potential is China. With an export gap of $468k.   Gypsum’s highest import potential is United States with an import gap of $384k.

See methodology.

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