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2023
Exports $184MWorld Rnk 5 / 108
Flag Rnk 262 / 1188
2023
Destination $8.42M China
2022 - 2023
FASTEST GROWING MARKET $8.42MUnited States
2023
PRODUCT COMPLEXITY IN Artificial Graphite0.89Rnk 211 / 1025
2023
Imports $350MWorld Rnk 4 / 171
Flag Rnk 212 / 1208
2023
Origin $85.7M China
2022 - 2023
FASTEST GROWING ORIGIN $85.7MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $184M in Artificial Graphite, making it the 5th largest exporter of Artificial Graphite in the world. At the same year, Artificial Graphite was the 262nd most exported product in South Korea. The main destination of Artificial Graphite exports from South Korea are: China ($88.4M), United States ($28.2M), Malaysia ($25.1M), Poland ($19.8M), and Japan ($8.43M).

The fastest growing export markets for Artificial Graphite of South Korea between 2022 and 2023 were United States ($8.42M), Malaysia ($5.64M), and Japan ($3.48M).

Imports In 2023, South Korea imported $350M in Artificial Graphite, becoming the 4th largest importer of Artificial Graphite in the world. At the same year, Artificial Graphite was the 212th most imported product in South Korea. South Korea imports Artificial Graphite primarily from: China ($262M), Japan ($45.4M), United States ($20M), Malaysia ($5.08M), and Switzerland ($4.68M).

The fastest growing import markets in Artificial Graphite for South Korea between 2022 and 2023 were China ($85.7M), Japan ($12.5M), and United States ($6.39M).

COMPANIES In 2024, leading companies such as Hyosung (29) and General Motors (17) were at the forefront of shipping Artificial Graphite from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Artificial Graphite exports accounted up to $12.2M and imports accounted up to $14.5M, resulting in a negative trade balance of $2.31M. Between December 2023 and December 2024 the exports of South Korea's   Artificial Graphite have increased by $1.58M (14.9%) from $10.6M to $12.2M, while imports decreased by $-3.69M (-20.3%) from $18.2M to $14.5M.

Destinations In December 2024, Artificial Graphite were exported mostly to China ($3.66M), United States ($3.39M), Poland ($2.42M), Japan ($790k), and Malaysia ($480k), and were imported mostly from China ($10.3M), Japan ($3.05M), United States ($290k), Germany ($208k), and Indonesia ($177k).

Growth In December 2024, the increase in Artificial Graphite's year-by-year exports was explained primarily by an increase in exports to United States ($1.53M or 95.3%), Japan ($411k or 87.8%), and Netherlands ($262k or 111%). In December 2024, the decrease in Artificial Graphite's year-by-year imports was explained primarily by a decrease in imports from China ($-7.06M or -47.1%), Norway ($-391k or -66.8%), and Switzerland ($-315k or -64%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1.58M(14.9%)
IMPORT GROWTH (December 2023 - December 2024)$-3.69M(-20.3%)
MAIN DESTINATION (December 2024)China$3.66M

This section shows Artificial Graphite'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 Artificial Graphite over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$184M
IMPORTS (2023)$350M
NET TRADE (2023)-$167M

In 2023, South Korea exported $184M in Artificial Graphite. The main destinations of South Korea exports on Artificial Graphite were China ($88.4M), United States ($28.2M), Malaysia ($25.1M), Poland ($19.8M), and Japan ($8.43M).

In 2023, South Korea imported $350M in Artificial Graphite, mainly from China ($262M), Japan ($45.4M), United States ($20M), Malaysia ($5.08M), and Switzerland ($4.68M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Artificial Graphite EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$8.42M (42.6%)
Malaysia$5.64M (29.1%)
Japan$3.48M (70.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Graphite BY South Korea WERE (2022 - 2023):
China-$23.2M (-20.8%)
Vietnam-$4.7M (-100%)
Hungary-$3.3M (-33.6%)
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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 Artificial Graphite were:
China $2B
Germany $290M
Japan $229M
In 2023, South Korea's main importing competitors in Artificial Graphite were:
United States $585M
Hungary $433M
Poland $413M

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Trade Value of Artificial Graphite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.17M
TOP IMPORT POTENTIALGermany+ $2.15M

Artificial Graphite’s highest export potential is United States. With an export gap of $5.17M.   Artificial Graphite’s highest import potential is Germany with an import gap of $2.15M.

See methodology.

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