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2023
Exports $8.33MWorld Rnk 11 / 105
Flag Rnk 722 / 1188
2023
Destination $3.91M Czechia
2022 - 2023
FASTEST GROWING MARKET $3.91MCzechia
2023
Imports $17.6MWorld Rnk 5 / 177
Flag Rnk 805 / 1208
2023
Origin $6.74M China
2022 - 2023
FASTEST GROWING ORIGIN $6.74MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $8.33M in Processed Mica, making it the 11th largest exporter of Processed Mica in the world. At the same year, Processed Mica was the 722nd most exported product in South Korea. The main destination of Processed Mica exports from South Korea are: Czechia ($3.92M), Poland ($811k), Saudi Arabia ($608k), Brazil ($495k), and China ($421k).

The fastest growing export markets for Processed Mica of South Korea between 2022 and 2023 were Czechia ($3.91M), Switzerland ($335k), and Poland ($302k).

Imports In 2023, South Korea imported $17.6M in Processed Mica, becoming the 5th largest importer of Processed Mica in the world. At the same year, Processed Mica was the 805th most imported product in South Korea. South Korea imports Processed Mica primarily from: China ($14.4M), Austria ($1.14M), Japan ($790k), Poland ($524k), and India ($269k).

The fastest growing import markets in Processed Mica for South Korea between 2022 and 2023 were China ($6.74M), Poland ($524k), and Austria ($235k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Processed Mica exports accounted up to $3.11M and imports accounted up to $3.83M, resulting in a negative trade balance of $717k. Between December 2023 and December 2024 the exports of South Korea's   Processed Mica have increased by $1.82M (141%) from $1.29M to $3.11M, while imports increased by $2.29M (149%) from $1.54M to $3.83M.

Destinations In December 2024, Processed Mica were exported mostly to United States ($1.39M), Poland ($892k), Czechia ($339k), Canada ($119k), and Mexico ($95k), and were imported mostly from China ($3.18M), Austria ($292k), Vietnam ($246k), Japan ($48k), and India ($39k).

Growth In December 2024, the increase in Processed Mica's year-by-year exports was explained primarily by an increase in exports to Poland ($176k or 2.2k%), South Africa ($89k or 742%), and Vietnam ($38k or 950%). In December 2024, the increase in Processed Mica's year-by-year imports was explained primarily by an increase in imports from China ($67k or 5.01%) and Austria ($41k or 137%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1.82M(141%)
IMPORT GROWTH (December 2023 - December 2024)$2.29M(149%)
MAIN DESTINATION (December 2024)United States$1.39M

This section shows Processed Mica'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 Processed Mica over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.33M
IMPORTS (2023)$17.6M
NET TRADE (2023)-$9.28M

In 2023, South Korea exported $8.33M in Processed Mica. The main destinations of South Korea exports on Processed Mica were Czechia ($3.92M), Poland ($811k), Saudi Arabia ($608k), Brazil ($495k), and China ($421k).

In 2023, South Korea imported $17.6M in Processed Mica, mainly from China ($14.4M), Austria ($1.14M), Japan ($790k), Poland ($524k), and India ($269k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Mica EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Czechia$3.91M (29.2k%)
Switzerland$335k (504%)
Poland$302k (59.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Mica BY South Korea WERE (2022 - 2023):
Slovenia-$541k (-100%)
Vietnam-$525k (-100%)
China-$400k (-48.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Processed Mica were:
China $124M
Austria $30M
Germany $29.1M
In 2023, South Korea's main importing competitors in Processed Mica were:
United States $46.8M
Germany $34.7M
China $21.9M

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Trade Value of Processed Mica by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $264k
TOP IMPORT POTENTIALIndia+ $227k

Processed Mica’s highest export potential is China. With an export gap of $264k.   Processed Mica’s highest import potential is India with an import gap of $227k.

See methodology.

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