2023
Exports
$13.4MWorld Rnk 18 / 160
Flag Rnk 659 / 1188
2023
PRODUCT COMPLEXITY IN Friction Material
0.43Rnk 397 / 1025
2023
Imports
$26.2MWorld Rnk 18 / 212
Flag Rnk 750 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $13.4M in Friction Material, making it the 18th largest exporter of Friction Material in the world. At the same year, Friction Material was the 659th most exported product in South Korea. The main destination of Friction Material exports from South Korea are: China ($3.06M), India ($1.71M), United States ($1.64M), Indonesia ($957k), and Saudi Arabia ($884k).

The fastest growing export markets for Friction Material of South Korea between 2022 and 2023 were United States ($971k), Oman ($784k), and Saudi Arabia ($533k).

Imports In 2023, South Korea imported $26.2M in Friction Material, becoming the 18th largest importer of Friction Material in the world. At the same year, Friction Material was the 750th most imported product in South Korea. South Korea imports Friction Material primarily from: United States ($15.9M), Germany ($3.67M), Japan ($2.94M), China ($2.07M), and India ($572k).

The fastest growing import markets in Friction Material for South Korea between 2022 and 2023 were Germany ($2.73M), Japan ($1.39M), and Australia ($87.7k).

COMPANIES In 2024, leading companies such as Robert Bosch (2) were at the forefront of shipping Friction Material from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-115k(-12%)
IMPORT GROWTH (December 2023 - December 2024)$514k(26.2%)
MAIN DESTINATION (December 2024)China$556k

This section shows Friction Material'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 Friction Material over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$13.4M
IMPORTS (2023)$26.2M
NET TRADE (2023)-$12.8M

In 2023, South Korea exported $13.4M in Friction Material. The main destinations of South Korea exports on Friction Material were China ($3.06M), India ($1.71M), United States ($1.64M), Indonesia ($957k), and Saudi Arabia ($884k).

In 2023, South Korea imported $26.2M in Friction Material, mainly from United States ($15.9M), Germany ($3.67M), Japan ($2.94M), China ($2.07M), and India ($572k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Friction Material EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$971k (146%)
Oman$784k (1%)
Saudi Arabia$533k (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Friction Material BY South Korea WERE (2022 - 2023):
United Arab Emirates-$5.17M (-89.5%)
China-$1.41M (-31.6%)
Vietnam-$662k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Friction Material by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $856k
TOP IMPORT POTENTIALChina+ $1.52M

Friction Material’s highest export potential is China. With an export gap of $856k.   Friction Material’s highest import potential is China with an import gap of $1.52M.

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