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2022
Exports $3.11MWorld Rnk 44 / 130
Flag Rnk 880 / 1204
2022
Destination $665k Japan
2021 - 2022
FASTEST GROWING MARKET $665kChinese Taipei
2022
PRODUCT COMPLEXITY IN Asbestos Cement Articles-0.19Rnk 614 / 1025
2022
Imports $30.1MWorld Rnk 15 / 215
Flag Rnk 768 / 1213
2022
Origin $1.94M China
2021 - 2022
FASTEST GROWING ORIGIN $1.94MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.11M in Asbestos Cement Articles, making it the 44th largest exporter of Asbestos Cement Articles in the world. At the same year, Asbestos Cement Articles was the 880th most exported product in South Korea. The main destination of Asbestos Cement Articles exports from South Korea are: Japan ($1.37M), Chinese Taipei ($984k), Burma ($199k), Philippines ($144k), and Israel ($102k).

The fastest growing export markets for Asbestos Cement Articles of South Korea between 2021 and 2022 were Chinese Taipei ($665k), Vietnam ($59k), and Burma ($38.8k).

Imports In 2022, South Korea imported $30.1M in Asbestos Cement Articles, becoming the 15th largest importer of Asbestos Cement Articles in the world. At the same year, Asbestos Cement Articles was the 768th most imported product in South Korea. South Korea imports Asbestos Cement Articles primarily from: China ($12.6M), Indonesia ($4M), Japan ($3.67M), Thailand ($3.59M), and Malaysia ($3.43M).

The fastest growing import markets in Asbestos Cement Articles for South Korea between 2021 and 2022 were China ($1.94M), Indonesia ($1.68M), and Belgium ($515k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Asbestos Cement Articles exports accounted up to $227k and imports accounted up to $2.74M, resulting in a negative trade balance of $2.51M. Between July 2023 and July 2024 the exports of South Korea's   Asbestos Cement Articles have increased by $92k (68.1%) from $135k to $227k, while imports increased by $225k (8.95%) from $2.52M to $2.74M.

Destinations In July 2024, Asbestos Cement Articles were exported mostly to Japan ($131k), Thailand ($50k), Mongolia ($46k), China ($0), and Indonesia ($0), and were imported mostly from China ($1.24M), Japan ($741k), Thailand ($222k), Indonesia ($215k), and Austria ($131k).

Growth In July 2024, the increase in Asbestos Cement Articles's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Asbestos Cement Articles's year-by-year imports was explained primarily by an increase in imports from Indonesia ($227k or 104%), China ($151k or 13.9%), and Japan ($29k or 7.47%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$92k(68.1%)
IMPORT GROWTH (July 2023 - July 2024)$225k(8.95%)
MAIN DESTINATION (July 2024)Japan$131k

This section shows Asbestos Cement Articles'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 Asbestos Cement Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.11M
IMPORTS (2022)$30.1M
NET TRADE (2022)-$27M

In 2022, South Korea exported $3.11M in Asbestos Cement Articles. The main destinations of South Korea exports on Asbestos Cement Articles were Japan ($1.37M), Chinese Taipei ($984k), Burma ($199k), Philippines ($144k), and Israel ($102k).

In 2022, South Korea imported $30.1M in Asbestos Cement Articles, mainly from China ($12.6M), Indonesia ($4M), Japan ($3.67M), Thailand ($3.59M), and Malaysia ($3.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asbestos Cement Articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$665k (208%)
Vietnam$59k (696%)
Burma$38.8k (24.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asbestos Cement Articles BY South Korea WERE (2021 - 2022):
United Arab Emirates-$524k (-98.8%)
Philippines-$360k (-71.5%)
Ethiopia-$239k (-100%)
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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 Asbestos Cement Articles were:
Thailand $220M
China $205M
United States $195M
In 2022, South Korea's main importing competitors in Asbestos Cement Articles were:
Canada $168M
United States $165M
United Kingdom $133M

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Trade Value of Asbestos Cement Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $98.2k
TOP IMPORT POTENTIALChina+ $992k

Asbestos Cement Articles’s highest export potential is United States. With an export gap of $98.2k.   Asbestos Cement Articles’s highest import potential is China with an import gap of $992k.

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