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2022
Exports $32.5MWorld Rnk 18 / 135
Flag Rnk 566 / 1204
2022
Destination $7.5M Japan
2021 - 2022
FASTEST GROWING MARKET $7.5MJapan
2022
PRODUCT COMPLEXITY IN Asphalt-0.09Rnk 576 / 1025
2022
Imports $5.02MWorld Rnk 67 / 213
Flag Rnk 1016 / 1213
2022
Origin $416k Singapore
2021 - 2022
FASTEST GROWING ORIGIN $416kJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $32.5M in Asphalt, making it the 18th largest exporter of Asphalt in the world. At the same year, Asphalt was the 566th most exported product in South Korea. The main destination of Asphalt exports from South Korea are: Japan ($21.2M), Thailand ($3.1M), Vietnam ($2.76M), Chinese Taipei ($1.14M), and Czechia ($1M).

The fastest growing export markets for Asphalt of South Korea between 2021 and 2022 were Japan ($7.5M), Czechia ($1M), and Thailand ($855k).

Imports In 2022, South Korea imported $5.02M in Asphalt, becoming the 67th largest importer of Asphalt in the world. At the same year, Asphalt was the 1016th most imported product in South Korea. South Korea imports Asphalt primarily from: Singapore ($1.9M), China ($1.17M), Indonesia ($457k), Japan ($441k), and Egypt ($303k).

The fastest growing import markets in Asphalt for South Korea between 2021 and 2022 were Japan ($416k), United Kingdom ($293k), and Singapore ($238k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Asphalt exports accounted up to $3.29M and imports accounted up to $483k, resulting in a positive trade balance of $2.81M. Between July 2023 and July 2024 the exports of South Korea's   Asphalt have increased by $181k (5.82%) from $3.11M to $3.29M, while imports increased by $46k (10.5%) from $437k to $483k.

Destinations In July 2024, Asphalt were exported mostly to Japan ($2.25M), Thailand ($295k), United States ($205k), Chinese Taipei ($142k), and India ($93k), and were imported mostly from United Kingdom ($299k), United States ($71k), China ($56k), Canada ($34k), and Malaysia ($15k).

Growth In July 2024, the increase in Asphalt's year-by-year exports was explained primarily by an increase in exports to Indonesia ($220k or 423%), Thailand ($43k or 14.5%), and Chinese Taipei ($16k or 27.1%). In July 2024, the increase in Asphalt's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$181k(5.82%)
IMPORT GROWTH (July 2023 - July 2024)$46k(10.5%)
MAIN DESTINATION (July 2024)Japan$2.25M

This section shows Asphalt'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$32.5M
IMPORTS (2022)$5.02M
NET TRADE (2022)$27.4M

In 2022, South Korea exported $32.5M in Asphalt. The main destinations of South Korea exports on Asphalt were Japan ($21.2M), Thailand ($3.1M), Vietnam ($2.76M), Chinese Taipei ($1.14M), and Czechia ($1M).

In 2022, South Korea imported $5.02M in Asphalt, mainly from Singapore ($1.9M), China ($1.17M), Indonesia ($457k), Japan ($441k), and Egypt ($303k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$7.5M (54.8%)
Czechia$1M (121k%)
Thailand$855k (38.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY South Korea WERE (2021 - 2022):
Saudi Arabia-$317k (-100%)
New Zealand-$276k (-72.1%)
Malaysia-$229k (-40%)
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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 were:
United States $405M
Canada $373M
Italy $301M
In 2022, South Korea's main importing competitors in Asphalt were:
United States $422M
Canada $343M
Netherlands $125M

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Trade Value of Asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $339k
TOP IMPORT POTENTIALChina+ $347k

Asphalt’s highest export potential is United States. With an export gap of $339k.   Asphalt’s highest import potential is China with an import gap of $347k.

See methodology.

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