2023
Exports
$38.5MWorld Rnk 34 / 179
Flag Rnk 493 / 1188
2023
PRODUCT COMPLEXITY IN Cement Articles
0.5Rnk 373 / 1025
2023
Imports
$222MWorld Rnk 11 / 224
Flag Rnk 291 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $38.5M in Cement Articles, making it the 34th largest exporter of Cement Articles in the world. At the same year, Cement Articles was the 493rd most exported product in South Korea. The main destination of Cement Articles exports from South Korea are: United States ($14.2M), Japan ($9.22M), Canada ($8.11M), China ($2.82M), and Hong Kong ($1.36M).

The fastest growing export markets for Cement Articles of South Korea between 2022 and 2023 were United States ($1.81M), Hong Kong ($1.21M), and China ($955k).

Imports In 2023, South Korea imported $222M in Cement Articles, becoming the 11th largest importer of Cement Articles in the world. At the same year, Cement Articles was the 291st most imported product in South Korea. South Korea imports Cement Articles primarily from: China ($192M), Netherlands ($8.17M), Malaysia ($4.93M), Italy ($4.38M), and Japan ($3.93M).

The fastest growing import markets in Cement Articles for South Korea between 2022 and 2023 were China ($79.8M), Malaysia ($4.49M), and Japan ($2.72M).

COMPANIES In 2024, leading companies such as Cosentino (3) and Schaeffler Group (1) were at the forefront of shipping Cement Articles from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1.61M(76.1%)
IMPORT GROWTH (December 2023 - December 2024)$-3.89M(-32.9%)
MAIN DESTINATION (December 2024)United States$1.85M

This section shows Cement Articles'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 Cement Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$38.5M
IMPORTS (2023)$222M
NET TRADE (2023)-$183M

In 2023, South Korea exported $38.5M in Cement Articles. The main destinations of South Korea exports on Cement Articles were United States ($14.2M), Japan ($9.22M), Canada ($8.11M), China ($2.82M), and Hong Kong ($1.36M).

In 2023, South Korea imported $222M in Cement Articles, mainly from China ($192M), Netherlands ($8.17M), Malaysia ($4.93M), Italy ($4.38M), and Japan ($3.93M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cement Articles EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$1.81M (14.6%)
Hong Kong$1.21M (798%)
China$955k (51.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement Articles BY South Korea WERE (2022 - 2023):
Thailand-$1.55M (-93.8%)
Chile-$1.16M (-100%)
Guam-$953k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Cement Articles were:
In 2023, South Korea's main importing competitors in Cement Articles were:

Explore Visualizations

Trade Value of Cement Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.31M
TOP IMPORT POTENTIALGermany+ $3.52M

Cement Articles’s highest export potential is United States. With an export gap of $5.31M.   Cement Articles’s highest import potential is Germany with an import gap of $3.52M.

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