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2022
Exports $164kWorld Rnk 42 / 120
Flag Rnk 1101 / 1204
2022
Destination $26.8k United Arab Emirates
2021 - 2022
FASTEST GROWING MARKET $26.8kUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Natural Cork Articles-0.86Rnk 792 / 1025
2022
Imports $448kWorld Rnk 73 / 201
Flag Rnk 1164 / 1213
2022
Origin $43.5k China
2021 - 2022
FASTEST GROWING ORIGIN $43.5kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $164k in Natural Cork Articles, making it the 42nd largest exporter of Natural Cork Articles in the world. At the same year, Natural Cork Articles was the 1101st most exported product in South Korea. The main destination of Natural Cork Articles exports from South Korea are: United Arab Emirates ($65k), Indonesia ($56.1k), Chinese Taipei ($12.3k), Brazil ($8.21k), and Bahrain ($5.26k).

The fastest growing export markets for Natural Cork Articles of South Korea between 2021 and 2022 were United Arab Emirates ($26.8k), Brazil ($6.48k), and United Kingdom ($3.89k).

Imports In 2022, South Korea imported $448k in Natural Cork Articles, becoming the 73rd largest importer of Natural Cork Articles in the world. At the same year, Natural Cork Articles was the 1164th most imported product in South Korea. South Korea imports Natural Cork Articles primarily from: China ($224k), Portugal ($125k), Italy ($21.4k), United Arab Emirates ($13k), and France ($12.2k).

The fastest growing import markets in Natural Cork Articles for South Korea between 2021 and 2022 were China ($43.5k), Italy ($15.2k), and France ($8.93k).

COMPANIES In 2023, leading companies such as Stelfast (4), LG Electronics (3), and Tesla (2) were at the forefront of shipping Natural Cork Articles from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Natural Cork Articles exports accounted up to $1k and imports accounted up to $23k, resulting in a negative trade balance of $22k. Between July 2023 and July 2024 the exports of South Korea's   Natural Cork Articles have decreased by $-4k (-80%) from $5k to $1k, while imports increased by $3k (15%) from $20k to $23k.

Destinations In July 2024, Natural Cork Articles were exported mostly to China ($1k), Japan ($0), France ($0), Portugal ($0), and United States ($0), and were imported mostly from China ($22k), Portugal ($1k), Japan ($0), France ($0), and United States ($0).

Growth In July 2024, the decrease in Natural Cork Articles's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Natural Cork Articles's year-by-year imports was explained primarily by an increase in imports from Japan ($1k or 100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-4k(-80%)
IMPORT GROWTH (July 2023 - July 2024)$3k(15%)
MAIN DESTINATION (July 2024)China$1k

This section shows Natural Cork Articles'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 Natural Cork Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$164k
IMPORTS (2022)$448k
NET TRADE (2022)-$284k

In 2022, South Korea exported $164k in Natural Cork Articles. The main destinations of South Korea exports on Natural Cork Articles were United Arab Emirates ($65k), Indonesia ($56.1k), Chinese Taipei ($12.3k), Brazil ($8.21k), and Bahrain ($5.26k).

In 2022, South Korea imported $448k in Natural Cork Articles, mainly from China ($224k), Portugal ($125k), Italy ($21.4k), United Arab Emirates ($13k), and France ($12.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural Cork Articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United Arab Emirates$26.8k (70.2%)
Brazil$6.48k (373%)
United Kingdom$3.89k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural Cork Articles BY South Korea WERE (2021 - 2022):
Qatar-$132k (-100%)
Saudi Arabia-$22.3k (-100%)
Indonesia-$12.9k (-18.7%)
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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 Natural Cork Articles were:
Portugal $510M
Spain $48.4M
United Arab Emirates $28.9M
In 2022, South Korea's main importing competitors in Natural Cork Articles were:
United States $156M
France $136M
Spain $66.8M

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Trade Value of Natural Cork Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.81k
TOP IMPORT POTENTIALPortugal+ $106k

Natural Cork Articles’s highest export potential is United States. With an export gap of $6.81k.   Natural Cork Articles’s highest import potential is Portugal with an import gap of $106k.

See methodology.

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