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2022
Exports $821MWorld Rnk 1 / 179
Flag Rnk 45 / 96
2022
Destination $132M United States
2021 - 2022
FASTEST GROWING MARKET $132MUnited States
2022
PRODUCT COMPLEXITY IN Lead articles-1.24Rnk 893 / 1025
2022
Imports $431MWorld Rnk 5 / 204
Flag Rnk 70 / 96
2022
Origin $7.36M India
2021 - 2022
FASTEST GROWING ORIGIN $7.36MPhilippines
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $821M in Lead articles, making it the 1st largest exporter of Lead articles in the world. At the same year, Lead articles was the 45th most exported product in South Korea. The main destination of Lead articles exports from South Korea are: United States ($294M), Vietnam ($274M), India ($119M), Indonesia ($44.6M), and Thailand ($23.8M).

The fastest growing export markets for Lead articles of South Korea between 2021 and 2022 were United States ($132M), Vietnam ($36.1M), and Malaysia ($9.56M).

Imports In 2022, South Korea imported $431M in Lead articles, becoming the 5th largest importer of Lead articles in the world. At the same year, Lead articles was the 70th most imported product in South Korea. South Korea imports Lead articles primarily from: India ($252M), Australia ($35.1M), Japan ($24M), Philippines ($17.4M), and United Arab Emirates ($16.6M).

The fastest growing import markets in Lead articles for South Korea between 2021 and 2022 were Philippines ($7.36M), Australia ($4.11M), and Canada ($3.67M).

COMPANIES In 2023, leading companies such as Hankook Tires (2) and Kubota (1) were at the forefront of shipping Lead articles from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Lead articles exports accounted up to $61.1M and imports accounted up to $35.4M, resulting in a positive trade balance of $25.7M. Between October 2023 and October 2024 the exports of South Korea's   Lead articles have decreased by $-39.2M (-39.1%) from $100M to $61.1M, while imports decreased by $-575k (-1.6%) from $36M to $35.4M.

Destinations In October 2024, Lead articles were exported mostly to Vietnam ($16.7M), United States ($16.4M), India ($13M), Indonesia ($5.13M), and Thailand ($3.51M), and were imported mostly from India ($23.1M), Australia ($8.85M), Japan ($1.67M), Chinese Taipei ($619k), and China ($301k).

Growth In October 2024, the decrease in Lead articles's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-11.4M or -55.1%), Thailand ($-3.55M or -75.6%), and Indonesia ($-1.99M or -47.3%). In October 2024, the decrease in Lead articles's year-by-year imports was explained primarily by a decrease in imports from India ($-13.8M or -44.5%), Saudi Arabia ($-2.1M or -71%), and Australia ($-806k or -45.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-39.2M(-39.1%)
IMPORT GROWTH (October 2023 - October 2024)$-575k(-1.6%)
MAIN DESTINATION (October 2024)Vietnam$16.7M

This section shows Lead 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 Lead articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$821M
IMPORTS (2022)$431M
NET TRADE (2022)$390M

In 2022, South Korea exported $821M in Lead articles. The main destinations of South Korea exports on Lead articles were United States ($294M), Vietnam ($274M), India ($119M), Indonesia ($44.6M), and Thailand ($23.8M).

In 2022, South Korea imported $431M in Lead articles, mainly from India ($252M), Australia ($35.1M), Japan ($24M), Philippines ($17.4M), and United Arab Emirates ($16.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lead articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$132M (81.4%)
Vietnam$36.1M (15.2%)
Malaysia$9.56M (75.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lead articles BY South Korea WERE (2021 - 2022):
India-$31M (-20.6%)
Indonesia-$22.6M (-33.7%)
Thailand-$14.2M (-37.4%)
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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 Lead articles were:
Australia $814M
United Kingdom $620M
In 2022, South Korea's main importing competitors in Lead articles were:
United States $1.38B
India $757M
Germany $668M

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Trade Value of Lead articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $2.56M
TOP IMPORT POTENTIALNigeria+ $5.69M

Lead articles’s highest export potential is Japan. With an export gap of $2.56M.   Lead articles’s highest import potential is Nigeria with an import gap of $5.69M.

See methodology.

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