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2022
Exports $135MWorld Rnk 14 / 129
Flag Rnk 338 / 1204
2022
Destination $1.88M China
2021 - 2022
FASTEST GROWING MARKET $1.88MSingapore
2022
PRODUCT COMPLEXITY IN Compounded Unvulcanised Rubber0.85Rnk 225 / 1025
2022
Imports $43.3MWorld Rnk 31 / 198
Flag Rnk 698 / 1213
2022
Origin $2.89M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.89MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

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 (1) were at the forefront of shipping Compounded Unvulcanised Rubber from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Compounded Unvulcanised Rubber exports accounted up to $15.4M and imports accounted up to $1.42M, resulting in a positive trade balance of $14M. Between October 2023 and October 2024 the exports of South Korea's   Compounded Unvulcanised Rubber have increased by $734k (5%) from $14.7M to $15.4M, while imports decreased by $-1.32M (-48.2%) from $2.74M to $1.42M.

Destinations In October 2024, Compounded Unvulcanised Rubber were exported mostly to China ($4.81M), Vietnam ($3.25M), India ($2.29M), Singapore ($962k), and Mexico ($727k), and were imported mostly from United States ($772k), China ($393k), France ($138k), Brazil ($37k), and Vietnam ($31k).

Growth In October 2024, the increase in Compounded Unvulcanised Rubber's year-by-year exports was explained primarily by an increase in exports to India ($383k or 54%), Japan ($325k or 71.3%), and Singapore ($144k or 66.1%). In October 2024, the decrease in Compounded Unvulcanised Rubber's year-by-year imports was explained primarily by a decrease in imports from United States ($-506k or -49.1%), United Kingdom ($-124k or -86.7%), and France ($-92k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$734k(5%)
IMPORT GROWTH (October 2023 - October 2024)$-1.32M(-48.2%)
MAIN DESTINATION (October 2024)China$4.81M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$135M
IMPORTS (2022)$43.3M
NET TRADE (2022)$91.4M

In 2022, South Korea exported $135M in Compounded Unvulcanised Rubber. The main destinations of South Korea exports on Compounded Unvulcanised Rubber were China ($41.6M), Vietnam ($34.9M), India ($11.9M), Mexico ($8.65M), and Japan ($5.35M).

In 2022, South Korea imported $43.3M in Compounded Unvulcanised Rubber, mainly from United States ($17.8M), Japan ($10.5M), China ($6.93M), Germany ($4.64M), and United Kingdom ($863k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compounded Unvulcanised Rubber EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Singapore$1.88M (58.6%)
Chinese Taipei$1.57M (69.8%)
India$1.45M (13.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compounded Unvulcanised Rubber BY South Korea WERE (2021 - 2022):
China-$9.33M (-18.3%)
Russia-$9.15M (-82.2%)
Vietnam-$2.45M (-6.56%)
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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 Compounded Unvulcanised Rubber were:
Germany $1.15B
United States $834M
Italy $609M
In 2022, South Korea's main importing competitors in Compounded Unvulcanised Rubber were:
United States $694M
Poland $544M
Germany $476M

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Trade Value of Compounded Unvulcanised Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.6M
TOP IMPORT POTENTIALGermany+ $2.42M

Compounded Unvulcanised Rubber’s highest export potential is United States. With an export gap of $3.6M.   Compounded Unvulcanised Rubber’s highest import potential is Germany with an import gap of $2.42M.

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