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2023
Exports $2.78MWorld Rnk 45 / 136
Flag Rnk 848 / 1188
2023
Destination $536k Japan
2022 - 2023
FASTEST GROWING MARKET $536kIndonesia
2023
PRODUCT COMPLEXITY IN Asbestos Cement Articles-0.086Rnk 586 / 1025
2023
Imports $21.4MWorld Rnk 19 / 221
Flag Rnk 784 / 1208
2023
Origin $1.18M China
2022 - 2023
FASTEST GROWING ORIGIN $1.18MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $2.78M in Asbestos Cement Articles, making it the 45th largest exporter of Asbestos Cement Articles in the world. At the same year, Asbestos Cement Articles was the 848th most exported product in South Korea. The main destination of Asbestos Cement Articles exports from South Korea are: Japan ($1.06M), Indonesia ($564k), Ethiopia ($495k), Saudi Arabia ($225k), and Chinese Taipei ($205k).

The fastest growing export markets for Asbestos Cement Articles of South Korea between 2022 and 2023 were Indonesia ($536k), Ethiopia ($495k), and Uzbekistan ($34.2k).

Imports In 2023, South Korea imported $21.4M in Asbestos Cement Articles, becoming the 19th largest importer of Asbestos Cement Articles in the world. At the same year, Asbestos Cement Articles was the 784th most imported product in South Korea. South Korea imports Asbestos Cement Articles primarily from: China ($13.5M), Thailand ($2.83M), Indonesia ($2.63M), Malaysia ($1.52M), and Japan ($274k).

The fastest growing import markets in Asbestos Cement Articles for South Korea between 2022 and 2023 were China ($1.18M), Chinese Taipei ($38.6k), and United Kingdom ($3.84k).

COMPANIES In 2024, leading companies such as LG Electronics (9) and The Tile Shop (1) were at the forefront of shipping Asbestos Cement Articles from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Asbestos Cement Articles exports accounted up to $149k and imports accounted up to $3.39M, resulting in a negative trade balance of $3.24M. Between December 2023 and December 2024 the exports of South Korea's   Asbestos Cement Articles have increased by $7k (4.93%) from $142k to $149k, while imports increased by $1.05M (44.7%) from $2.34M to $3.39M.

Destinations In December 2024, Asbestos Cement Articles were exported mostly to Japan ($148k), Malaysia ($1k), China ($0), Indonesia ($0), and India ($0), and were imported mostly from China ($1.46M), Japan ($959k), Switzerland ($484k), Thailand ($222k), and Malaysia ($140k).

Growth In December 2024, the increase in Asbestos Cement Articles's year-by-year exports was explained primarily by an increase in exports to Japan ($15k or 16%). In December 2024, the increase in Asbestos Cement Articles's year-by-year imports was explained primarily by an increase in imports from China ($935k or 75.4%), Thailand ($89k or 58.9%), and Malaysia ($30k or 42.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$7k(4.93%)
IMPORT GROWTH (December 2023 - December 2024)$1.05M(44.7%)
MAIN DESTINATION (December 2024)Japan$148k

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 (2023)$2.78M
IMPORTS (2023)$21.4M
NET TRADE (2023)-$18.6M

In 2023, South Korea exported $2.78M in Asbestos Cement Articles. The main destinations of South Korea exports on Asbestos Cement Articles were Japan ($1.06M), Indonesia ($564k), Ethiopia ($495k), Saudi Arabia ($225k), and Chinese Taipei ($205k).

In 2023, South Korea imported $21.4M in Asbestos Cement Articles, mainly from China ($13.5M), Thailand ($2.83M), Indonesia ($2.63M), Malaysia ($1.52M), and Japan ($274k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Asbestos Cement Articles EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Indonesia$536k (1.87k%)
Ethiopia$495k (1%)
Uzbekistan$34.2k (143%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asbestos Cement Articles BY South Korea WERE (2022 - 2023):
Chinese Taipei-$779k (-79.1%)
Burma-$199k (-100%)
Japan-$158k (-13%)
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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 Asbestos Cement Articles were:
United States $201M
Thailand $189M
China $187M
In 2023, South Korea's main importing competitors in Asbestos Cement Articles were:
Canada $160M
United States $153M
United Kingdom $140M

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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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