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2018
Exports $4.7MWorld Rnk 15 / 95
Flag Rnk 840 / 1204
2018
Destination $358k China
2021 - 2022
FASTEST GROWING MARKET $358kSlovenia
2018
Imports $13.7MWorld Rnk 8 / 174
Flag Rnk 887 / 1213
2018
Origin $1.29M China
2021 - 2022
FASTEST GROWING ORIGIN $1.29MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2018, South Korea exported $4.7M in Processed Mica, making it the 15th largest exporter of Processed Mica in the world. At the same year, Processed Mica was the 840th most exported product in South Korea. The main destination of Processed Mica exports from South Korea are: China ($792k), Poland ($645k), Slovenia ($541k), United Kingdom ($526k), and Brazil ($423k).

The fastest growing export markets for Processed Mica of South Korea between 2021 and 2022 were Slovenia ($358k), United Kingdom ($157k), and Hungary ($109k).

Imports In 2022, South Korea imported $13.7M in Processed Mica, becoming the 8th largest importer of Processed Mica in the world. At the same year, Processed Mica was the 887th most imported product in South Korea. South Korea imports Processed Mica primarily from: China ($7.85M), Vietnam ($2.57M), Japan ($1.26M), Austria ($1.06M), and United States ($331k).

The fastest growing import markets in Processed Mica for South Korea between 2021 and 2022 were China ($1.29M), Austria ($558k), and Vietnam ($553k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Processed Mica exports accounted up to $1.94M and imports accounted up to $2.65M, resulting in a negative trade balance of $707k. Between July 2023 and July 2024 the exports of South Korea's   Processed Mica have increased by $248k (14.6%) from $1.7M to $1.94M, while imports increased by $768k (40.8%) from $1.88M to $2.65M.

Destinations In July 2024, Processed Mica were exported mostly to Poland ($935k), Czechia ($643k), United States ($156k), Italy ($47k), and Brazil ($36k), and were imported mostly from China ($2.1M), Vietnam ($297k), Austria ($128k), Japan ($48k), and United States ($45k).

Growth In July 2024, the increase in Processed Mica's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($53k or 5.3k%), United States ($14k or 467%), and South Africa ($9k or 300%). In July 2024, the increase in Processed Mica's year-by-year imports was explained primarily by an increase in imports from China ($743k or 125%), Germany ($66k or 2.2k%), and Japan ($41k or 4.1k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$248k(14.6%)
IMPORT GROWTH (July 2023 - July 2024)$768k(40.8%)
MAIN DESTINATION (July 2024)Poland$935k

This section shows Processed 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 Processed Mica over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.7M
IMPORTS (2022)$13.7M
NET TRADE (2022)-$9.02M

In 2022, South Korea exported $4.7M in Processed Mica. The main destinations of South Korea exports on Processed Mica were China ($792k), Poland ($645k), Slovenia ($541k), United Kingdom ($526k), and Brazil ($423k).

In 2022, South Korea imported $13.7M in Processed Mica, mainly from China ($7.85M), Vietnam ($2.57M), Japan ($1.26M), Austria ($1.06M), and United States ($331k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Mica EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Slovenia$358k (195%)
United Kingdom$157k (42.7%)
Hungary$109k (9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Mica BY South Korea WERE (2021 - 2022):
Poland-$602k (-48.3%)
China-$458k (-36.7%)
Vietnam-$110k (-26.4%)
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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 Processed Mica were:
China $103M
Germany $37.4M
Austria $27.2M
In 2022, South Korea's main importing competitors in Processed Mica were:
Germany $38.7M
United States $35.6M
China $18.9M

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Trade Value of Processed Mica by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $264k
TOP IMPORT POTENTIALIndia+ $227k

Processed Mica’s highest export potential is China. With an export gap of $264k.   Processed Mica’s highest import potential is India with an import gap of $227k.

See methodology.

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