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2022
Exports $437kWorld Rnk 42 / 130
Flag Rnk 1044 / 1204
2022
Destination $78.4k United States
2021 - 2022
FASTEST GROWING MARKET $78.4kUnited States
2022
PRODUCT COMPLEXITY IN Agglomerated Cork-0.17Rnk 605 / 1025
2022
Imports $3.91MWorld Rnk 38 / 200
Flag Rnk 1043 / 1213
2022
Origin $376k Portugal
2021 - 2022
FASTEST GROWING ORIGIN $376kUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $437k in Agglomerated Cork, making it the 42nd largest exporter of Agglomerated Cork in the world. At the same year, Agglomerated Cork was the 1044th most exported product in South Korea. The main destination of Agglomerated Cork exports from South Korea are: United States ($242k), China ($84.6k), United Arab Emirates ($15.6k), Colombia ($15.2k), and Sri Lanka ($11.1k).

The fastest growing export markets for Agglomerated Cork of South Korea between 2021 and 2022 were United States ($78.4k), Colombia ($15.2k), and United Arab Emirates ($12.8k).

Imports In 2022, South Korea imported $3.91M in Agglomerated Cork, becoming the 38th largest importer of Agglomerated Cork in the world. At the same year, Agglomerated Cork was the 1043rd most imported product in South Korea. South Korea imports Agglomerated Cork primarily from: Portugal ($1.61M), China ($1.46M), United States ($591k), Japan ($88.1k), and Italy ($38.1k).

The fastest growing import markets in Agglomerated Cork for South Korea between 2021 and 2022 were United States ($376k), Portugal ($284k), and Chinese Taipei ($17.8k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Agglomerated Cork exports accounted up to $3k and imports accounted up to $293k, resulting in a negative trade balance of $290k. Between July 2023 and July 2024 the exports of South Korea's   Agglomerated Cork have decreased by $-12k (-80%) from $15k to $3k, while imports increased by $49k (20.1%) from $244k to $293k.

Destinations In July 2024, Agglomerated Cork were exported mostly to China ($1k), Hong Kong ($1k), Vietnam ($1k), India ($0), and Japan ($0), and were imported mostly from United States ($126k), Portugal ($94k), China ($64k), India ($8k), and United Kingdom ($1k).

Growth In July 2024, the decrease in Agglomerated Cork's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-3k or -100%). In July 2024, the increase in Agglomerated Cork's year-by-year imports was explained primarily by an increase in imports from Portugal ($270k or 346%) and United States ($6k or 150%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-12k(-80%)
IMPORT GROWTH (July 2023 - July 2024)$49k(20.1%)
MAIN DESTINATION (July 2024)China$1k

This section shows Agglomerated Cork'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 Agglomerated Cork over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$437k
IMPORTS (2022)$3.91M
NET TRADE (2022)-$3.47M

In 2022, South Korea exported $437k in Agglomerated Cork. The main destinations of South Korea exports on Agglomerated Cork were United States ($242k), China ($84.6k), United Arab Emirates ($15.6k), Colombia ($15.2k), and Sri Lanka ($11.1k).

In 2022, South Korea imported $3.91M in Agglomerated Cork, mainly from Portugal ($1.61M), China ($1.46M), United States ($591k), Japan ($88.1k), and Italy ($38.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Agglomerated Cork EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$78.4k (47.9%)
Colombia$15.2k (169k%)
United Arab Emirates$12.8k (443%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Agglomerated Cork BY South Korea WERE (2021 - 2022):
Saudi Arabia-$98.1k (-96%)
China-$94.8k (-52.8%)
Netherlands-$28.9k (-99.9%)
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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 Agglomerated Cork were:
Portugal $607M
Spain $203M
France $74.1M
In 2022, South Korea's main importing competitors in Agglomerated Cork were:
France $203M
Italy $138M
United States $130M

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Trade Value of Agglomerated Cork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $73.4k
TOP IMPORT POTENTIALChina+ $291k

Agglomerated Cork’s highest export potential is United States. With an export gap of $73.4k.   Agglomerated Cork’s highest import potential is China with an import gap of $291k.

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