2023
Exports
$180MWorld Rnk 18 / 170
Flag Rnk 267 / 1188
2023
PRODUCT COMPLEXITY IN Glass Fibers
0.51Rnk 367 / 1025
2023
Imports
$510MWorld Rnk 8 / 224
Flag Rnk 160 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $180M in Glass Fibers, making it the 18th largest exporter of Glass Fibers in the world. At the same year, Glass Fibers was the 267th most exported product in South Korea. The main destination of Glass Fibers exports from South Korea are: China ($57M), Japan ($30.9M), United States ($27.5M), France ($5.01M), and Poland ($4.8M).

The fastest growing export markets for Glass Fibers of South Korea between 2022 and 2023 were China ($32.7M), Netherlands ($2.25M), and Japan ($1.04M).

Imports In 2023, South Korea imported $510M in Glass Fibers, becoming the 8th largest importer of Glass Fibers in the world. At the same year, Glass Fibers was the 160th most imported product in South Korea. South Korea imports Glass Fibers primarily from: China ($263M), Japan ($105M), Malaysia ($45.4M), Italy ($32.8M), and United States ($22.4M).

The fastest growing import markets in Glass Fibers for South Korea between 2022 and 2023 were Italy ($6.99M), Singapore ($1.41M), and Germany ($1.36M).

COMPANIES In 2024, leading companies such as Jushi Fiberglass (40), Nexen Tire (16), and LG Electronics (16) were at the forefront of shipping Glass Fibers from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-2.48M(-18.9%)
IMPORT GROWTH (January 2024 - January 2025)$-2.03M(-4.49%)
MAIN DESTINATION (January 2025)Japan$2.61M

This section shows Glass Fibers'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 Glass Fibers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$180M
IMPORTS (2023)$510M
NET TRADE (2023)-$330M

In 2023, South Korea exported $180M in Glass Fibers. The main destinations of South Korea exports on Glass Fibers were China ($57M), Japan ($30.9M), United States ($27.5M), France ($5.01M), and Poland ($4.8M).

In 2023, South Korea imported $510M in Glass Fibers, mainly from China ($263M), Japan ($105M), Malaysia ($45.4M), Italy ($32.8M), and United States ($22.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Glass Fibers EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
China$32.7M (135%)
Netherlands$2.25M (150%)
Japan$1.04M (3.49%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Fibers BY South Korea WERE (2022 - 2023):
Vietnam-$13.2M (-100%)
Slovenia-$3.47M (-98.9%)
Czechia-$3.36M (-86.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Glass Fibers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.5M
TOP IMPORT POTENTIALChina+ $17.9M

Glass Fibers’s highest export potential is China. With an export gap of $10.5M.   Glass Fibers’s highest import potential is China with an import gap of $17.9M.

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