2023
Exports
$11.6MWorld Rnk 16 / 140
Flag Rnk 676 / 1188
2023
PRODUCT COMPLEXITY IN Hydraulic Brake Fluid
0.36Rnk 433 / 1025
2023
Imports
$11.1MWorld Rnk 32 / 216
Flag Rnk 884 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $11.6M in Hydraulic Brake Fluid, making it the 16th largest exporter of Hydraulic Brake Fluid in the world. At the same year, Hydraulic Brake Fluid was the 676th most exported product in South Korea. The main destination of Hydraulic Brake Fluid exports from South Korea are: India ($2.47M), Slovakia ($1.95M), United States ($1.65M), China ($739k), and Turkey ($716k).

The fastest growing export markets for Hydraulic Brake Fluid of South Korea between 2022 and 2023 were Slovakia ($385k), Turkey ($383k), and China ($378k).

Imports In 2023, South Korea imported $11.1M in Hydraulic Brake Fluid, becoming the 32nd largest importer of Hydraulic Brake Fluid in the world. At the same year, Hydraulic Brake Fluid was the 884th most imported product in South Korea. South Korea imports Hydraulic Brake Fluid primarily from: Germany ($3.12M), United States ($1.71M), France ($1.61M), Switzerland ($982k), and United Kingdom ($839k).

The fastest growing import markets in Hydraulic Brake Fluid for South Korea between 2022 and 2023 were France ($1.24M), Singapore ($652k), and Belgium ($386k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-78k(-9.18%)
IMPORT GROWTH (December 2023 - December 2024)$-16k(-1.73%)
MAIN DESTINATION (December 2024)United States$185k

This section shows Hydraulic Brake Fluid'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 Hydraulic Brake Fluid over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.6M
IMPORTS (2023)$11.1M
NET TRADE (2023)$440k

In 2023, South Korea exported $11.6M in Hydraulic Brake Fluid. The main destinations of South Korea exports on Hydraulic Brake Fluid were India ($2.47M), Slovakia ($1.95M), United States ($1.65M), China ($739k), and Turkey ($716k).

In 2023, South Korea imported $11.1M in Hydraulic Brake Fluid, mainly from Germany ($3.12M), United States ($1.71M), France ($1.61M), Switzerland ($982k), and United Kingdom ($839k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydraulic Brake Fluid EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Slovakia$385k (24.6%)
Turkey$383k (115%)
China$378k (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydraulic Brake Fluid BY South Korea WERE (2022 - 2023):
Vietnam-$635k (-100%)
United States-$504k (-23.4%)
Mexico-$315k (-55.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Hydraulic Brake Fluid were:
In 2023, South Korea's main importing competitors in Hydraulic Brake Fluid were:
Germany $83.5M
France $74.6M
Belgium $51.6M

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Trade Value of Hydraulic Brake Fluid by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $410k
TOP IMPORT POTENTIALChina+ $267k

Hydraulic Brake Fluid’s highest export potential is China. With an export gap of $410k.   Hydraulic Brake Fluid’s highest import potential is China with an import gap of $267k.

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