2022
Exports
$303MWorld Rnk 6 / 146
Flag Rnk 215 / 1204
2022
PRODUCT COMPLEXITY IN Laboratory Ceramic Ware
0.87Rnk 221 / 1025
2022
Imports
$495MWorld Rnk 4 / 208
Flag Rnk 191 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $303M in Laboratory Ceramic Ware, making it the 6th largest exporter of Laboratory Ceramic Ware in the world. At the same year, Laboratory Ceramic Ware was the 215th most exported product in South Korea. The main destination of Laboratory Ceramic Ware exports from South Korea are: China ($101M), United States ($49.1M), Chinese Taipei ($44.9M), Japan ($33.8M), and Germany ($13.1M).

The fastest growing export markets for Laboratory Ceramic Ware of South Korea between 2021 and 2022 were United States ($29.3M), Malaysia ($3.35M), and Singapore ($3.28M).

Imports In 2022, South Korea imported $495M in Laboratory Ceramic Ware, becoming the 4th largest importer of Laboratory Ceramic Ware in the world. At the same year, Laboratory Ceramic Ware was the 191st most imported product in South Korea. South Korea imports Laboratory Ceramic Ware primarily from: United States ($133M), Japan ($130M), China ($128M), Poland ($39.6M), and Chinese Taipei ($13.7M).

The fastest growing import markets in Laboratory Ceramic Ware for South Korea between 2021 and 2022 were United States ($42.6M), Chinese Taipei ($6.53M), and Poland ($5.87M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.95M(-12%)
IMPORT GROWTH (July 2023 - July 2024)$-2.5M(-7.06%)
MAIN DESTINATION (July 2024)China$7.71M

This section shows Laboratory Ceramic Ware'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 Laboratory Ceramic Ware over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$303M
IMPORTS (2022)$495M
NET TRADE (2022)-$192M

In 2022, South Korea exported $303M in Laboratory Ceramic Ware. The main destinations of South Korea exports on Laboratory Ceramic Ware were China ($101M), United States ($49.1M), Chinese Taipei ($44.9M), Japan ($33.8M), and Germany ($13.1M).

In 2022, South Korea imported $495M in Laboratory Ceramic Ware, mainly from United States ($133M), Japan ($130M), China ($128M), Poland ($39.6M), and Chinese Taipei ($13.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Laboratory Ceramic Ware EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$29.3M (148%)
Malaysia$3.35M (400%)
Singapore$3.28M (57.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Ceramic Ware BY South Korea WERE (2021 - 2022):
China-$17.1M (-14.5%)
Japan-$3.21M (-8.65%)
Russia-$3.17M (-95.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Laboratory Ceramic Ware by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.44M
TOP IMPORT POTENTIALChina+ $14.4M

Laboratory Ceramic Ware’s highest export potential is China. With an export gap of $6.44M.   Laboratory Ceramic Ware’s highest import potential is China with an import gap of $14.4M.

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