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2022
Exports $19.8MWorld Rnk 4 / 86
Flag Rnk 651 / 1204
2022
Destination $766k United States
2021 - 2022
FASTEST GROWING MARKET $766kCanada
2022
Imports $39.3MWorld Rnk 3 / 131
Flag Rnk 720 / 1213
2022
Origin $1.38M China
2021 - 2022
FASTEST GROWING ORIGIN $1.38MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $19.8M in Precious Stone Dust, making it the 4th largest exporter of Precious Stone Dust in the world. At the same year, Precious Stone Dust was the 651st most exported product in South Korea. The main destination of Precious Stone Dust exports from South Korea are: United States ($5.16M), China ($4.47M), Chinese Taipei ($2.33M), Japan ($1.88M), and Vietnam ($1.78M).

The fastest growing export markets for Precious Stone Dust of South Korea between 2021 and 2022 were Canada ($766k), Chinese Taipei ($511k), and Russia ($420k).

Imports In 2022, South Korea imported $39.3M in Precious Stone Dust, becoming the 3rd largest importer of Precious Stone Dust in the world. At the same year, Precious Stone Dust was the 720th most imported product in South Korea. South Korea imports Precious Stone Dust primarily from: China ($29.1M), United States ($4.79M), Switzerland ($1.61M), Ireland ($1.25M), and Japan ($1.19M).

The fastest growing import markets in Precious Stone Dust for South Korea between 2021 and 2022 were United States ($1.38M), Romania ($27.6k), and India ($9.95k).

COMPANIES In 2023, leading companies such as Samsung (35) and LG Electronics (7) were at the forefront of shipping Precious Stone Dust from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Precious Stone Dust exports accounted up to $1.67M and imports accounted up to $4.08M, resulting in a negative trade balance of $2.41M. Between July 2023 and July 2024 the exports of South Korea's   Precious Stone Dust have increased by $247k (17.4%) from $1.42M to $1.67M, while imports increased by $1.66M (68.9%) from $2.41M to $4.08M.

Destinations In July 2024, Precious Stone Dust were exported mostly to United States ($465k), China ($424k), Vietnam ($198k), Japan ($177k), and Chinese Taipei ($168k), and were imported mostly from China ($3.21M), United States ($341k), Switzerland ($221k), Ireland ($125k), and Japan ($97k).

Growth In July 2024, the increase in Precious Stone Dust's year-by-year exports was explained primarily by an increase in exports to Germany ($58k or 85.3%), Italy ($21k or 1.05k%), and Indonesia ($7k or 31.8%). In July 2024, the increase in Precious Stone Dust's year-by-year imports was explained primarily by an increase in imports from Romania ($2k or 18.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$247k(17.4%)
IMPORT GROWTH (July 2023 - July 2024)$1.66M(68.9%)
MAIN DESTINATION (July 2024)United States$465k

This section shows Precious Stone Dust'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 Precious Stone Dust over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.8M
IMPORTS (2022)$39.3M
NET TRADE (2022)-$19.5M

In 2022, South Korea exported $19.8M in Precious Stone Dust. The main destinations of South Korea exports on Precious Stone Dust were United States ($5.16M), China ($4.47M), Chinese Taipei ($2.33M), Japan ($1.88M), and Vietnam ($1.78M).

In 2022, South Korea imported $39.3M in Precious Stone Dust, mainly from China ($29.1M), United States ($4.79M), Switzerland ($1.61M), Ireland ($1.25M), and Japan ($1.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stone Dust EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Canada$766k (317%)
Chinese Taipei$511k (28.1%)
Russia$420k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stone Dust BY South Korea WERE (2021 - 2022):
China-$1.09M (-19.6%)
Japan-$857k (-31.4%)
Vietnam-$418k (-19%)
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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 Precious Stone Dust were:
China $229M
United States $58.2M
Ireland $38.8M
In 2022, South Korea's main importing competitors in Precious Stone Dust were:
United States $59.4M
Japan $39.5M

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Trade Value of Precious Stone Dust by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $442k
TOP IMPORT POTENTIALUnited Kingdom+ $166k

Precious Stone Dust’s highest export potential is China. With an export gap of $442k.   Precious Stone Dust’s highest import potential is United Kingdom with an import gap of $166k.

See methodology.

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