2022
Exports
$5.64kWorld Rnk 65 / 73
Flag Rnk 1183 / 1204
falsefalse Thailand
2022
Imports
$1.36MWorld Rnk 38 / 122
Flag Rnk 1122 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.64k in Railroad Ties, making it the 65th largest exporter of Railroad Ties in the world. At the same year, Railroad Ties was the 1183rd most exported product in South Korea. The main destination of Railroad Ties exports from South Korea are: Thailand ($5.64k).

Imports In 2022, South Korea imported $1.36M in Railroad Ties, becoming the 38th largest importer of Railroad Ties in the world. At the same year, Railroad Ties was the 1122nd most imported product in South Korea. South Korea imports Railroad Ties primarily from: Malaysia ($1.08M), China ($275k), Japan ($815), United Kingdom ($233), and United States ($5).

The fastest growing import markets in Railroad Ties for South Korea between 2021 and 2022 were Malaysia ($857k), China ($275k), and Japan ($815).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - October 2024)$5k(N/A%)
IMPORT GROWTH (June 2023 - October 2024)$-220k(-100%)
MAIN DESTINATION (October 2024)China$5k

This section shows Railroad Ties'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 Railroad Ties over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.64k
IMPORTS (2022)$1.36M
NET TRADE (2022)-$1.35M

In 2022, South Korea exported $5.64k in Railroad Ties. The main destinations of South Korea exports on Railroad Ties were Thailand ($5.64k).

In 2022, South Korea imported $1.36M in Railroad Ties, mainly from Malaysia ($1.08M), China ($275k), Japan ($815), United Kingdom ($233), and United States ($5).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railroad Ties BY South Korea WERE (2021 - 2022):Thailand-$830 (-12.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Railroad Ties were:
In 2022, South Korea's main importing competitors in Railroad Ties were:

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Trade Value of Railroad Ties by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $550
TOP IMPORT POTENTIALUnited States+ $1.63k

Railroad Ties’s highest export potential is Canada. With an export gap of $550.   Railroad Ties’s highest import potential is United States with an import gap of $1.63k.

See methodology.

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