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Exports In 2022, South Korea exported $4.64M in Bituminous mix, mastic from asphalt, bitumen/tar/pitc, making it the 41st largest exporter of Bituminous mix, mastic from asphalt, bitumen/tar/pitc in the world. At the same year, Bituminous mix, mastic from asphalt, bitumen/tar/pitc was the 2202nd most exported product in South Korea. The main destination of Bituminous mix, mastic from asphalt, bitumen/tar/pitc exports from South Korea are: United States ($1.2M), Indonesia ($656k), Malaysia ($550k), China ($371k), and Vietnam ($300k).

The fastest growing export markets for Bituminous mix, mastic from asphalt, bitumen/tar/pitc 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 Bituminous mix, mastic from asphalt, bitumen/tar/pitc, becoming the 15th largest importer of Bituminous mix, mastic from asphalt, bitumen/tar/pitc in the world. At the same year, Bituminous mix, mastic from asphalt, bitumen/tar/pitc was the 1407th most imported product in South Korea. South Korea imports Bituminous mix, mastic from asphalt, bitumen/tar/pitc primarily from: Singapore ($28.8M), Japan ($4.22M), China ($1.28M), United States ($1.18M), and Thailand ($353k).

The fastest growing import markets in Bituminous mix, mastic from asphalt, bitumen/tar/pitc for South Korea between 2021 and 2022 were Japan ($1.58M), China ($236k), and Israel ($37.7k).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Bituminous mix, mastic from asphalt, bitumen/tar/pitc from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bituminous mix, mastic from asphalt, bitumen/tar/pitc. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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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 Bituminous mix, mastic from asphalt, bitumen/tar/pitc. The main destinations of South Korea exports on Bituminous mix, mastic from asphalt, bitumen/tar/pitc were United States ($1.2M), Indonesia ($656k), Malaysia ($550k), China ($371k), and Vietnam ($300k).

In 2022, South Korea imported $36.3M in Bituminous mix, mastic from asphalt, bitumen/tar/pitc, 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 Bituminous mix, mastic from asphalt, bitumen/tar/pitc 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 Bituminous mix, mastic from asphalt, bitumen/tar/pitc BY South Korea WERE (2021 - 2022):
Singapore-$13.9M (-99.5%)
Malaysia-$3.41M (-86.1%)
Chinese Taipei-$337k (-73.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, South Korea's main exporting competitors in Bituminous mix, mastic from asphalt, bitumen/tar/pitc were:
In 2022, South Korea's main importing competitors in Bituminous mix, mastic from asphalt, bitumen/tar/pitc were:

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Trade Value of Bituminous mix, mastic from asphalt, bitumen/tar/pitc by Exporters

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