Compounded Unvulcanised Rubber in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $135M in Compounded Unvulcanised Rubber, making it the 14th largest exporter of Compounded Unvulcanised Rubber in the world. At the same year, Compounded Unvulcanised Rubber was the 338th most exported product in South Korea. The main destination of Compounded Unvulcanised Rubber exports from South Korea are: China ($41.6M), Vietnam ($34.9M), India ($11.9M), Mexico ($8.65M), and Japan ($5.35M).

The fastest growing export markets for Compounded Unvulcanised Rubber of South Korea between 2021 and 2022 were Singapore ($1.88M), Chinese Taipei ($1.57M), and India ($1.45M).

Imports In 2022, South Korea imported $43.3M in Compounded Unvulcanised Rubber, becoming the 31st largest importer of Compounded Unvulcanised Rubber in the world. At the same year, Compounded Unvulcanised Rubber was the 698th most imported product in South Korea. South Korea imports Compounded Unvulcanised Rubber primarily from: United States ($17.8M), Japan ($10.5M), China ($6.93M), Germany ($4.64M), and United Kingdom ($863k).

The fastest growing import markets in Compounded Unvulcanised Rubber for South Korea between 2021 and 2022 were Germany ($2.89M), China ($2.44M), and United States ($2.18M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS USA (1) were at the forefront of shipping Compounded Unvulcanised Rubber from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Compounded Unvulcanised Rubber exports accounted up to $14.2M and imports accounted up to $4.57M, resulting in a positive trade balance of $9.58M. Between March 2023 and March 2024 the exports of South Korea's Compounded Unvulcanised Rubber have decreased by $-416k (-2.86%) from $14.6M to $14.2M, while imports decreased by $-1.41M (-23.5%) from $5.98M to $4.57M.

Destinations In March 2024, Compounded Unvulcanised Rubber were exported mostly to China ($4.51M), Vietnam ($3.13M), India ($1.49M), United States ($1.2M), and Mexico ($953k), and were imported mostly from United States ($2.84M), Japan ($827k), China ($568k), Germany ($72k), and France ($57k).

Growth In March 2024, the decrease in Compounded Unvulcanised Rubber's year-by-year exports was explained primarily by a decrease in exports to United States ($-399k or -96.8%), Mexico ($-299k or -29.8%), and Malaysia ($-289k or -55.5%). In March 2024, the decrease in Compounded Unvulcanised Rubber's year-by-year imports was explained primarily by a decrease in imports from United States ($-506k or -49.1%), United Kingdom ($-124k or -86.7%), and France ($-92k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-416k(-2.86%)

IMPORT GROWTH (March 2023 - March 2024)$-1.41M(-23.5%)

MAIN DESTINATION (March 2024)China$4.51M

This section shows Compounded Unvulcanised Rubber'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 Compounded Unvulcanised Rubber over time.

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