Mica in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $1.68M in Mica, making it the 18th largest exporter of Mica in the world. At the same year, Mica was the 937th most exported product in South Korea. The main destination of Mica exports from South Korea are: China ($429k), United States ($374k), Indonesia ($255k), Poland ($112k), and Vietnam ($107k).

The fastest growing export markets for Mica of South Korea between 2021 and 2022 were Belgium ($41.8k), Poland ($35.7k), and Indonesia ($22.6k).

Imports In 2022, South Korea imported $7.24M in Mica, becoming the 5th largest importer of Mica in the world. At the same year, Mica was the 978th most imported product in South Korea. South Korea imports Mica primarily from: China ($3.78M), United States ($1.11M), Japan ($909k), India ($532k), and Canada ($392k).

The fastest growing import markets in Mica for South Korea between 2021 and 2022 were United States ($606k), China ($345k), and Germany ($103k).

COMPANIES In 2023, leading companies such as Samsung (2), General Motors (1), and GE RENEWABLES NORTH AMERICA LLC (1) were at the forefront of shipping Mica from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Mica exports accounted up to $146k and imports accounted up to $380k, resulting in a negative trade balance of $234k. Between November 2023 and November 2024 the exports of South Korea's Mica have decreased by $-48k (-24.7%) from $194k to $146k, while imports increased by $7k (1.88%) from $373k to $380k.

Destinations In November 2024, Mica were exported mostly to China ($60k), Indonesia ($20k), France ($16k), Vietnam ($14k), and Chinese Taipei ($9k), and were imported mostly from China ($195k), United States ($50k), Japan ($39k), Nigeria ($36k), and India ($23k).

Growth In November 2024, the decrease in Mica's year-by-year exports was explained primarily by a decrease in exports to United States ($-58k or -96.7%), Indonesia ($-5k or -21.7%), and China ($-4k or -7.02%). In November 2024, the increase in Mica's year-by-year imports was explained primarily by an increase in imports from India ($54k or 450%), China ($38k or 12.6%), and Malaysia ($3k or 25%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$-48k(-24.7%)

IMPORT GROWTH (November 2023 - November 2024)$7k(1.88%)

MAIN DESTINATION (November 2024)China$60k

This section shows Mica'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 Mica over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.68M

IMPORTS (2022)$7.24M

NET TRADE (2022)-$5.56M

In 2022, South Korea exported $1.68M in Mica. The main destinations of South Korea exports on Mica were China ($429k), United States ($374k), Indonesia ($255k), Poland ($112k), and Vietnam ($107k).

In 2022, South Korea imported $7.24M in Mica, mainly from China ($3.78M), United States ($1.11M), Japan ($909k), India ($532k), and Canada ($392k).

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