Sand in South Korea | The Observatory of Economic Complexity

About

Exports In 2023, South Korea exported $7.13M in Sand, making it the 37th largest exporter of Sand in the world. At the same year, Sand was the 744th most exported product in South Korea. The main destination of Sand exports from South Korea are: United States ($5.33M), China ($797k), Japan ($359k), Chinese Taipei ($285k), and United Arab Emirates ($100k).

The fastest growing export markets for Sand of South Korea between 2022 and 2023 were China ($342k), Chinese Taipei ($237k), and France ($30.1k).

Imports In 2023, South Korea imported $4.81M in Sand, becoming the 50th largest importer of Sand in the world. At the same year, Sand was the 1001st most imported product in South Korea. South Korea imports Sand primarily from: United States ($1.91M), Egypt ($783k), Chinese Taipei ($493k), Netherlands ($422k), and Germany ($363k).

The fastest growing import markets in Sand for South Korea between 2022 and 2023 were United States ($724k), Belgium ($110k), and United Kingdom ($57.5k).

COMPANIES In 2024, leading companies such as LG Electronics (13), GE RENEWABLES NORTH AMERICA LLC (6), and Amazon (1) were at the forefront of shipping Sand from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Sand exports accounted up to $240k and imports accounted up to $1.62M, resulting in a negative trade balance of $1.38M. Between December 2023 and December 2024 the exports of South Korea's Sand have increased by $129k (116%) from $111k to $240k, while imports decreased by $-943k (-36.8%) from $2.56M to $1.62M.

Destinations In December 2024, Sand were exported mostly to Mexico ($192k), Chinese Taipei ($23k), Japan ($19k), Vietnam ($5k), and Indonesia ($1k), and were imported mostly from Vietnam ($973k), Australia ($411k), India ($73k), Egypt ($58k), and United States ($33k).

Growth In December 2024, the increase in Sand's year-by-year exports was explained primarily by an increase in exports to Mexico ($58k or 45%) and Indonesia ($11k or 367%). In December 2024, the decrease in Sand's year-by-year imports was explained primarily by a decrease in imports from Australia ($-2.37M or -58.8%), Vietnam ($-524k or -47.1%), and Chinese Taipei ($-58k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$129k(116%)

IMPORT GROWTH (December 2023 - December 2024)$-943k(-36.8%)

MAIN DESTINATION (December 2024)Mexico$192k

This section shows Sand'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 Sand over time.

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