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2022
Exports $4.64MWorld Rnk 41 / 131
Flag Rnk 841 / 1204
falsefalse United States
2021 - 2022
FASTEST GROWING MARKETfalseUnited States
2022
PRODUCT COMPLEXITY IN Asphalt Mixtures-1.14Rnk 867 / 1025
2022
Imports $36.3MWorld Rnk 15 / 210
Flag Rnk 737 / 1213
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $4.64M in Asphalt Mixtures, making it the 41st largest exporter of Asphalt Mixtures in the world. At the same year, Asphalt Mixtures was the 841st most exported product in South Korea. The main destination of Asphalt Mixtures exports from South Korea are: United States ($1.2M), Indonesia ($656k), Malaysia ($550k), China ($371k), and Vietnam ($300k).

The fastest growing export markets for Asphalt Mixtures of South Korea between 2021 and 2022 were United States ($556k), Saudi Arabia ($198k), and Kuwait ($190k).

Imports In 2022, South Korea imported $36.3M in Asphalt Mixtures, becoming the 15th largest importer of Asphalt Mixtures in the world. At the same year, Asphalt Mixtures was the 737th most imported product in South Korea. South Korea imports Asphalt Mixtures primarily from: Singapore ($28.8M), Japan ($4.22M), China ($1.28M), United States ($1.18M), and Thailand ($353k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Asphalt Mixtures exports accounted up to $259k and imports accounted up to $448k, resulting in a negative trade balance of $189k. Between October 2023 and October 2024 the exports of South Korea's   Asphalt Mixtures have increased by $145k (127%) from $114k to $259k, while imports increased by $170k (61.2%) from $278k to $448k.

Destinations In October 2024, Asphalt Mixtures were exported mostly to China ($135k), United Arab Emirates ($36k), Vietnam ($30k), Turkey ($26k), and Chinese Taipei ($18k), and were imported mostly from United States ($218k), Thailand ($138k), China ($92k), United Arab Emirates ($0), and Indonesia ($0).

Growth In October 2024, the increase in Asphalt Mixtures's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($25k or 104%). In October 2024, the increase in Asphalt Mixtures's year-by-year imports was explained primarily by an increase in imports from United States ($396k or 1.1k%) and Thailand ($34k or 81%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$145k(127%)
IMPORT GROWTH (October 2023 - October 2024)$170k(61.2%)
MAIN DESTINATION (October 2024)China$135k

This section shows Asphalt Mixtures'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 Asphalt Mixtures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.64M
IMPORTS (2022)$36.3M
NET TRADE (2022)-$31.7M

In 2022, South Korea exported $4.64M in Asphalt Mixtures. The main destinations of South Korea exports on Asphalt Mixtures were United States ($1.2M), Indonesia ($656k), Malaysia ($550k), China ($371k), and Vietnam ($300k).

In 2022, South Korea imported $36.3M in Asphalt Mixtures, mainly from Singapore ($28.8M), Japan ($4.22M), China ($1.28M), United States ($1.18M), and Thailand ($353k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asphalt Mixtures EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$556k (86.8%)
Saudi Arabia$198k (1.18k%)
Kuwait$190k (1.52k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt Mixtures BY South Korea WERE (2021 - 2022):
Singapore-$13.9M (-99.5%)
Malaysia-$3.41M (-86.1%)
Chinese Taipei-$337k (-73.9%)
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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 Asphalt Mixtures were:
Japan $836M
Canada $150M
United States $136M
In 2022, South Korea's main importing competitors in Asphalt Mixtures were:
United Kingdom $388M
China $206M
Malaysia $199M

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Trade Value of Asphalt Mixtures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $493k
TOP IMPORT POTENTIALJapan+ $2.35M

Asphalt Mixtures’s highest export potential is China. With an export gap of $493k.   Asphalt Mixtures’s highest import potential is Japan with an import gap of $2.35M.

See methodology.

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