2022
Exports
$14.2MWorld Rnk 19 / 131
Flag Rnk 689 / 1204
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt
-0.98Rnk 835 / 1025
2022
Imports
$2.53MWorld Rnk 43 / 189
Flag Rnk 1084 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

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).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - October 2024)$-11k(-100%)
IMPORT GROWTH (September 2023 - October 2024)$3k(N/A%)
MAIN DESTINATION (October 2024)China$0

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.2M
IMPORTS (2022)$2.53M
NET TRADE (2022)$11.6M

In 2022, South Korea exported $14.2M in Bitumen and asphalt. The main destinations of South Korea exports on Bitumen and asphalt were Philippines ($10.6M), Fiji ($1.76M), New Zealand ($1.18M), Vietnam ($495k), and Malaysia ($43.9k).

In 2022, South Korea imported $2.53M in Bitumen and asphalt, mainly from Uzbekistan ($2.22M), United States ($193k), Trinidad and Tobago ($92.4k), China ($12k), and Italy ($7.53k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$9.4M (763%)
Fiji$1.76M (1%)
New Zealand$1.18M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY South Korea WERE (2021 - 2022):
Japan-$238k (-89%)
Singapore-$34.9k (-99.8%)
Indonesia-$2.44k (-73.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Bitumen and asphalt were:
In 2022, South Korea's main importing competitors in Bitumen and asphalt were:
Egypt $206M
Canada $78.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $22.1k
TOP IMPORT POTENTIALUnited States+ $67.4k

Bitumen and asphalt’s highest export potential is Japan. With an export gap of $22.1k.   Bitumen and asphalt’s highest import potential is United States with an import gap of $67.4k.

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