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2022
ExportsfalseWorld Rnk 35 / 67
Flag Rnk 3822 / 4439
2021 - 2022
FASTEST GROWING MARKET $9.21kVietnam
2022
Origin $73.8k China
2021 - 2022
FASTEST GROWING ORIGIN $73.8kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $107k in Natural magnesium carbonate (magnesite), making it the 35th largest exporter of Natural magnesium carbonate (magnesite) in the world. At the same year, Natural magnesium carbonate (magnesite) was the 3822nd most exported product in South Korea. The main destination of Natural magnesium carbonate (magnesite) exports from South Korea are: Malaysia ($72k), United Arab Emirates ($14.3k), Indonesia ($11.3k), Vietnam ($9.21k), and Thailand ($60).

The fastest growing export markets for Natural magnesium carbonate (magnesite) of South Korea between 2021 and 2022 were Vietnam ($9.21k), Indonesia ($5.43k), and United Arab Emirates ($900).

The fastest growing import markets in Natural magnesium carbonate (magnesite) for South Korea between 2021 and 2022 were China ($73.8k), Italy ($15.5k), and Japan ($12.4k).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Natural magnesium carbonate (magnesite) from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Natural magnesium carbonate (magnesite). Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$107k

In 2022, South Korea exported $107k in Natural magnesium carbonate (magnesite). The main destinations of South Korea exports on Natural magnesium carbonate (magnesite) were Malaysia ($72k), United Arab Emirates ($14.3k), Indonesia ($11.3k), Vietnam ($9.21k), and Thailand ($60).

In N/A, South Korea imported N/A in Natural magnesium carbonate (magnesite), mainly from China ($427k), Italy ($15.5k), Japan ($12.4k), Spain ($5.55k), and Hong Kong ($1.99k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural magnesium carbonate (magnesite) EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$9.21k (1%)
Indonesia$5.43k (92.4%)
United Arab Emirates$900 (6.73%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural magnesium carbonate (magnesite) BY South Korea WERE (2021 - 2022):
Malaysia-$64.2k (-47.1%)
Philippines-$2.86k (-100%)
China-$1.44k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Natural magnesium carbonate (magnesite) were:
China $76.4M
Spain $17.4M
Turkey $6M
In 2022, South Korea's main importing competitors in Natural magnesium carbonate (magnesite) were:
Indonesia $52.6M
Japan $14.7M
France $7.13M

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Trade Value of Natural magnesium carbonate (magnesite) by Exporters

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