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2022
Exports $428MWorld Rnk 7 / 183
Flag Rnk 176 / 1204
2022
Destination $23.7M China
2021 - 2022
FASTEST GROWING MARKET $23.7MUnited States
2022
PRODUCT COMPLEXITY IN Other Stone Articles0.72Rnk 269 / 1025
2022
Imports $238MWorld Rnk 12 / 214
Flag Rnk 317 / 1213
2022
Origin $7.58M China
2021 - 2022
FASTEST GROWING ORIGIN $7.58MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $428M in Other Stone Articles, making it the 7th largest exporter of Other Stone Articles in the world. At the same year, Other Stone Articles was the 176th most exported product in South Korea. The main destination of Other Stone Articles exports from South Korea are: China ($130M), United States ($124M), Chinese Taipei ($55.1M), Vietnam ($36.9M), and India ($15.3M).

The fastest growing export markets for Other Stone Articles of South Korea between 2021 and 2022 were United States ($23.7M), Belgium ($8.98M), and Chinese Taipei ($7.19M).

Imports In 2022, South Korea imported $238M in Other Stone Articles, becoming the 12th largest importer of Other Stone Articles in the world. At the same year, Other Stone Articles was the 317th most imported product in South Korea. South Korea imports Other Stone Articles primarily from: China ($68.5M), Japan ($59.6M), United States ($44.8M), Germany ($11.6M), and Vietnam ($10.5M).

The fastest growing import markets in Other Stone Articles for South Korea between 2021 and 2022 were United States ($7.58M), Vietnam ($3.15M), and Spain ($2.62M).

COMPANIES In 2023, leading companies such as Hyosung (5) were at the forefront of shipping Other Stone Articles from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Stone Articles exports accounted up to $30.1M and imports accounted up to $25M, resulting in a positive trade balance of $5.11M. Between July 2023 and July 2024 the exports of South Korea's   Other Stone Articles have decreased by $-9.46M (-23.9%) from $39.6M to $30.1M, while imports increased by $5.21M (26.4%) from $19.8M to $25M.

Destinations In July 2024, Other Stone Articles were exported mostly to United States ($7.89M), China ($7.78M), Vietnam ($5.11M), Chinese Taipei ($2.74M), and India ($2.24M), and were imported mostly from China ($9.59M), Japan ($6.43M), United States ($2.94M), France ($1.29M), and Vietnam ($1.28M).

Growth In July 2024, the decrease in Other Stone Articles's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.97M or -17.1%), China ($-1.39M or -14%), and Vietnam ($-1.12M or -33.3%). In July 2024, the increase in Other Stone Articles's year-by-year imports was explained primarily by an increase in imports from United States ($4.59M or 154%), United Kingdom ($801k or 793%), and Spain ($752k or 12.5k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-9.46M(-23.9%)
IMPORT GROWTH (July 2023 - July 2024)$5.21M(26.4%)
MAIN DESTINATION (July 2024)United States$7.89M

This section shows Other Stone 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 Other Stone Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$428M
IMPORTS (2022)$238M
NET TRADE (2022)$190M

In 2022, South Korea exported $428M in Other Stone Articles. The main destinations of South Korea exports on Other Stone Articles were China ($130M), United States ($124M), Chinese Taipei ($55.1M), Vietnam ($36.9M), and India ($15.3M).

In 2022, South Korea imported $238M in Other Stone Articles, mainly from China ($68.5M), Japan ($59.6M), United States ($44.8M), Germany ($11.6M), and Vietnam ($10.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Stone Articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$23.7M (23.6%)
Belgium$8.98M (238%)
Chinese Taipei$7.19M (15%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Stone Articles BY South Korea WERE (2021 - 2022):
Austria-$4.89M (-99.7%)
Japan-$4.09M (-51.9%)
Hong Kong-$3.97M (-61.4%)
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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 Other Stone Articles were:
United States $1.56B
Germany $1.35B
China $1.29B
In 2022, South Korea's main importing competitors in Other Stone Articles were:
China $1.19B
United States $1.1B
Germany $888M

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Trade Value of Other Stone Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.12M
TOP IMPORT POTENTIALChina+ $16.1M

Other Stone Articles’s highest export potential is China. With an export gap of $9.12M.   Other Stone Articles’s highest import potential is China with an import gap of $16.1M.

See methodology.

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