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Exports In 2022, South Korea exported $1.36M in Magnesia, fused, dead-burned etc and magnesium oxide, making it the 38th largest exporter of Magnesia, fused, dead-burned etc and magnesium oxide in the world. At the same year, Magnesia, fused, dead-burned etc and magnesium oxide was the 2843rd most exported product in South Korea. The main destination of Magnesia, fused, dead-burned etc and magnesium oxide exports from South Korea are: Japan ($505k), Chinese Taipei ($225k), Vietnam ($167k), Indonesia ($155k), and China ($97.3k).

The fastest growing export markets for Magnesia, fused, dead-burned etc and magnesium oxide of South Korea between 2021 and 2022 were Japan ($460k), Russia ($67.6k), and Vietnam ($46.6k).

Imports In 2022, South Korea imported $93.3M in Magnesia, fused, dead-burned etc and magnesium oxide, becoming the 7th largest importer of Magnesia, fused, dead-burned etc and magnesium oxide in the world. At the same year, Magnesia, fused, dead-burned etc and magnesium oxide was the 769th most imported product in South Korea. South Korea imports Magnesia, fused, dead-burned etc and magnesium oxide primarily from: China ($79.8M), Japan ($8.95M), United States ($1.4M), Israel ($882k), and Germany ($561k).

The fastest growing import markets in Magnesia, fused, dead-burned etc and magnesium oxide for South Korea between 2021 and 2022 were Netherlands ($328k), France ($107k), and United Kingdom ($89.3k).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Magnesia, fused, dead-burned etc and magnesium oxide from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Magnesia, fused, dead-burned etc and magnesium oxide. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.36M
IMPORTS (2022)$93.3M
NET TRADE (2022)-$92M

In 2022, South Korea exported $1.36M in Magnesia, fused, dead-burned etc and magnesium oxide. The main destinations of South Korea exports on Magnesia, fused, dead-burned etc and magnesium oxide were Japan ($505k), Chinese Taipei ($225k), Vietnam ($167k), Indonesia ($155k), and China ($97.3k).

In 2022, South Korea imported $93.3M in Magnesia, fused, dead-burned etc and magnesium oxide, mainly from China ($79.8M), Japan ($8.95M), United States ($1.4M), Israel ($882k), and Germany ($561k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesia, fused, dead-burned etc and magnesium oxide EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$460k (1.04k%)
Russia$67.6k (405%)
Vietnam$46.6k (38.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesia, fused, dead-burned etc and magnesium oxide BY South Korea WERE (2021 - 2022):
Indonesia-$61.1k (-28.3%)
China-$58k (-37.4%)
Oman-$38.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Magnesia, fused, dead-burned etc and magnesium oxide were:
In 2022, South Korea's main importing competitors in Magnesia, fused, dead-burned etc and magnesium oxide were:

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Trade Value of Magnesia, fused, dead-burned etc and magnesium oxide by Exporters

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