Bitumen and asphalt in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $14.2M in Bitumen and asphalt, making it the 19th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 689th most exported product in South Korea. The main destination of Bitumen and asphalt exports from South Korea are: Philippines ($10.6M), Fiji ($1.76M), New Zealand ($1.18M), Vietnam ($495k), and Malaysia ($43.9k).

The fastest growing export markets for Bitumen and asphalt of South Korea between 2021 and 2022 were Philippines ($9.4M), Fiji ($1.76M), and New Zealand ($1.18M).

Imports In 2022, South Korea imported $2.53M in Bitumen and asphalt, becoming the 43rd largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1084th most imported product in South Korea. South Korea imports Bitumen and asphalt primarily from: Uzbekistan ($2.22M), United States ($193k), Trinidad and Tobago ($92.4k), China ($12k), and Italy ($7.53k).

The fastest growing import markets in Bitumen and asphalt for South Korea between 2021 and 2022 were Uzbekistan ($2.22M), Trinidad and Tobago ($92.4k), and Pakistan ($4.64k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Bitumen and asphalt from South Korea to the United States.

Latest Trends

January 2024

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Overview In January 2024 South Korea's Bitumen and asphalt exports accounted up to $11k and imports accounted up to $11k, resulting in a remained the same trade balance of $0. Between December 2022 and January 2024 the exports of South Korea's Bitumen and asphalt have decreased by $-14k (-56%) from $25k to $11k, while imports decreased by $-9k (-45%) from $20k to $11k.

Destinations In January 2024, Bitumen and asphalt were exported mostly to , and were imported mostly from .

Growth In January 2024, the decrease in Bitumen and asphalt's year-by-year exports was explained primarily by a decrease in exports to . In January 2024, the decrease in Bitumen and asphalt's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - January 2024)$-14k(-56%)

IMPORT GROWTH (December 2022 - January 2024)$-9k(-45%)

MAIN DESTINATION (January 2024)

This section shows Bitumen and 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 Bitumen and asphalt over time.

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