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2022
Exports $20.1MWorld Rnk 7 / 99
Flag Rnk 648 / 1204
2022
Destination $832k Poland
2021 - 2022
FASTEST GROWING MARKET $832kChina
2022
PRODUCT COMPLEXITY IN Graphite-0.84Rnk 789 / 1025
2022
Imports $146MWorld Rnk 2 / 152
Flag Rnk 430 / 1213
2022
Origin $30.5M China
2021 - 2022
FASTEST GROWING ORIGIN $30.5MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $20.1M in Graphite, making it the 7th largest exporter of Graphite in the world. At the same year, Graphite was the 648th most exported product in South Korea. The main destination of Graphite exports from South Korea are: Poland ($18.4M), China ($1.12M), Chinese Taipei ($195k), Vietnam ($143k), and United States ($124k).

The fastest growing export markets for Graphite of South Korea between 2021 and 2022 were China ($832k), Vietnam ($120k), and United States ($105k).

Imports In 2022, South Korea imported $146M in Graphite, becoming the 2nd largest importer of Graphite in the world. At the same year, Graphite was the 430th most imported product in South Korea. South Korea imports Graphite primarily from: China ($131M), United States ($8.37M), Hungary ($3.83M), Germany ($567k), and Hong Kong ($523k).

The fastest growing import markets in Graphite for South Korea between 2021 and 2022 were China ($30.5M), Hungary ($2.86M), and United States ($944k).

COMPANIES In 2023, leading companies such as General Motors (2) were at the forefront of shipping Graphite from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Graphite exports accounted up to $947k and imports accounted up to $5.67M, resulting in a negative trade balance of $4.72M. Between July 2023 and July 2024 the exports of South Korea's   Graphite have increased by $818k (634%) from $129k to $947k, while imports decreased by $-1.71M (-23.1%) from $7.38M to $5.67M.

Destinations In July 2024, Graphite were exported mostly to United States ($788k), China ($148k), Chinese Taipei ($6k), Vietnam ($3k), and India ($2k), and were imported mostly from China ($5.47M), Japan ($48k), Sri Lanka ($46k), Germany ($45k), and United States ($33k).

Growth In July 2024, the increase in Graphite's year-by-year exports was explained primarily by an increase in exports to China ($10k or 20.8%). In July 2024, the decrease in Graphite's year-by-year imports was explained primarily by a decrease in imports from United States ($-421k or -93.8%), Japan ($-25k or -31.6%), and Sri Lanka ($-14k or -27.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$818k(634%)
IMPORT GROWTH (July 2023 - July 2024)$-1.71M(-23.1%)
MAIN DESTINATION (July 2024)United States$788k

This section shows Graphite'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 Graphite over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.1M
IMPORTS (2022)$146M
NET TRADE (2022)-$126M

In 2022, South Korea exported $20.1M in Graphite. The main destinations of South Korea exports on Graphite were Poland ($18.4M), China ($1.12M), Chinese Taipei ($195k), Vietnam ($143k), and United States ($124k).

In 2022, South Korea imported $146M in Graphite, mainly from China ($131M), United States ($8.37M), Hungary ($3.83M), Germany ($567k), and Hong Kong ($523k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Graphite EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$832k (287%)
Vietnam$120k (531%)
United States$105k (532%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Graphite BY South Korea WERE (2021 - 2022):
Poland-$5.14M (-21.8%)
Thailand-$113k (-67.6%)
Singapore-$24.5k (-50.5%)
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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 Graphite were:
China $411M
Mozambique $83.9M
Madagascar $78.5M
In 2022, South Korea's main importing competitors in Graphite were:
United States $166M
Japan $97M

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Trade Value of Graphite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $992k
TOP IMPORT POTENTIALGermany+ $389k

Graphite’s highest export potential is China. With an export gap of $992k.   Graphite’s highest import potential is Germany with an import gap of $389k.

See methodology.

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