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2023
Exports $1.34MWorld Rnk 15 / 136
Flag Rnk 924 / 1188
2023
Destination $386k Ecuador
2022 - 2023
FASTEST GROWING MARKET $386kEcuador
2023
Imports $501kWorld Rnk 50 / 198
Flag Rnk 1139 / 1208
2023
Origin $136k China
2022 - 2023
FASTEST GROWING ORIGIN $136kChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.34M in Asbestos Fibres, making it the 15th largest exporter of Asbestos Fibres in the world. At the same year, Asbestos Fibres was the 924th most exported product in South Korea. The main destination of Asbestos Fibres exports from South Korea are: Ecuador ($517k), Indonesia ($444k), China ($239k), Guatemala ($52.1k), and Thailand ($19k).

The fastest growing export markets for Asbestos Fibres of South Korea between 2022 and 2023 were Ecuador ($386k), Guatemala ($31.7k), and Angola ($14k).

Imports In 2023, South Korea imported $501k in Asbestos Fibres, becoming the 50th largest importer of Asbestos Fibres in the world. At the same year, Asbestos Fibres was the 1139th most imported product in South Korea. South Korea imports Asbestos Fibres primarily from: China ($217k), United States ($191k), Canada ($39.8k), Malaysia ($34.4k), and France ($10.3k).

The fastest growing import markets in Asbestos Fibres for South Korea between 2022 and 2023 were China ($136k), France ($10.3k), and Malaysia ($4.14k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Asbestos Fibres exports accounted up to $80k and imports accounted up to $0, resulting in a positive trade balance of $80k. Between December 2023 and December 2024 the exports of South Korea's   Asbestos Fibres have increased by $69k (627%) from $11k to $80k, while imports remained the same by $0 (N/A%) from $0 to $0.

Destinations In December 2024, Asbestos Fibres were exported mostly to Chinese Taipei ($41k), Singapore ($27k), Czechia ($5k), France ($2k), and Canada ($2k), and were imported mostly from China ($0), Hong Kong ($0), Japan ($0), Philippines ($0), and Singapore ($0).

Growth In December 2024, the increase in Asbestos Fibres's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the change in Asbestos Fibres's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$69k(627%)
MAIN DESTINATION (December 2024)Chinese Taipei$41k

This section shows Asbestos Fibres'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 Fibres over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.34M
IMPORTS (2023)$501k
NET TRADE (2023)$841k

In 2023, South Korea exported $1.34M in Asbestos Fibres. The main destinations of South Korea exports on Asbestos Fibres were Ecuador ($517k), Indonesia ($444k), China ($239k), Guatemala ($52.1k), and Thailand ($19k).

In 2023, South Korea imported $501k in Asbestos Fibres, mainly from China ($217k), United States ($191k), Canada ($39.8k), Malaysia ($34.4k), and France ($10.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Asbestos Fibres EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Ecuador$386k (294%)
Guatemala$31.7k (156%)
Angola$14k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asbestos Fibres BY South Korea WERE (2022 - 2023):
United States-$275k (-96.7%)
Vietnam-$62.6k (-100%)
Indonesia-$57.8k (-11.5%)
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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 Fibres were:
China $29.7M
Italy $15.8M
India $10M
In 2023, South Korea's main importing competitors in Asbestos Fibres were:
Germany $11.1M
Indonesia $8.73M
Philippines $7.39M

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Trade Value of Asbestos Fibres by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Asbestos Fibres’s highest export potential is N/A. With an export gap of N/A.   Asbestos Fibres’s highest import potential is N/A with an import gap of N/A.

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