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2022
Exports $2.4MWorld Rnk 71 / 184
Flag Rnk 907 / 1204
2022
Destination $714k United States
2021 - 2022
FASTEST GROWING MARKET $714kUnited States
2022
PRODUCT COMPLEXITY IN Building Stone-1.09Rnk 852 / 1025
2022
Imports $713MWorld Rnk 2 / 220
Flag Rnk 151 / 1213
2022
Origin $11.6M China
2021 - 2022
FASTEST GROWING ORIGIN $11.6MItaly
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.4M in Building Stone, making it the 71st largest exporter of Building Stone in the world. At the same year, Building Stone was the 907th most exported product in South Korea. The main destination of Building Stone exports from South Korea are: United States ($880k), Japan ($356k), Kazakhstan ($237k), United Arab Emirates ($176k), and China ($115k).

The fastest growing export markets for Building Stone of South Korea between 2021 and 2022 were United States ($714k), Kazakhstan ($166k), and Israel ($74.1k).

Imports In 2022, South Korea imported $713M in Building Stone, becoming the 2nd largest importer of Building Stone in the world. At the same year, Building Stone was the 151st most imported product in South Korea. South Korea imports Building Stone primarily from: China ($578M), Egypt ($32.9M), Italy ($24.6M), Oman ($22.7M), and Vietnam ($22.4M).

The fastest growing import markets in Building Stone for South Korea between 2021 and 2022 were Italy ($11.6M), Oman ($10.9M), and Egypt ($5.49M).

COMPANIES In 2023, leading companies such as Emser Tile (1) and The Tile Shop (1) were at the forefront of shipping Building Stone from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Building Stone exports accounted up to $564k and imports accounted up to $42.6M, resulting in a negative trade balance of $42.1M. Between July 2023 and July 2024 the exports of South Korea's   Building Stone have increased by $359k (175%) from $205k to $564k, while imports decreased by $-958k (-2.2%) from $43.6M to $42.6M.

Destinations In July 2024, Building Stone were exported mostly to Guam ($362k), Japan ($71k), China ($59k), United Arab Emirates ($29k), and United States ($26k), and were imported mostly from China ($37.4M), Vietnam ($1.42M), Italy ($778k), India ($721k), and Egypt ($659k).

Growth In July 2024, the increase in Building Stone's year-by-year exports was explained primarily by an increase in exports to Singapore ($4k or 400%) and China ($2k or 40%). In July 2024, the decrease in Building Stone's year-by-year imports was explained primarily by a decrease in imports from China ($-5.9M or -10.7%), Vietnam ($-940k or -47.7%), and Turkey ($-591k or -69.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$359k(175%)
IMPORT GROWTH (July 2023 - July 2024)$-958k(-2.2%)
MAIN DESTINATION (July 2024)Guam$362k

This section shows Building Stone'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 Building Stone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.4M
IMPORTS (2022)$713M
NET TRADE (2022)-$711M

In 2022, South Korea exported $2.4M in Building Stone. The main destinations of South Korea exports on Building Stone were United States ($880k), Japan ($356k), Kazakhstan ($237k), United Arab Emirates ($176k), and China ($115k).

In 2022, South Korea imported $713M in Building Stone, mainly from China ($578M), Egypt ($32.9M), Italy ($24.6M), Oman ($22.7M), and Vietnam ($22.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Building Stone EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$714k (430%)
Kazakhstan$166k (235%)
Israel$74.1k (1.17k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Building Stone BY South Korea WERE (2021 - 2022):
China-$308k (-72.7%)
Russia-$299k (-99.4%)
Japan-$280k (-44%)
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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 Building Stone were:
China $3.87B
Italy $1.71B
India $1.51B
In 2022, South Korea's main importing competitors in Building Stone were:
United States $3.12B
Vietnam $530M

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Trade Value of Building Stone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $508k
TOP IMPORT POTENTIALIndia+ $11.7M

Building Stone’s highest export potential is United States. With an export gap of $508k.   Building Stone’s highest import potential is India with an import gap of $11.7M.

See methodology.

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