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2022
Exports $5.64kWorld Rnk 65 / 73
Flag Rnk 1183 / 1204
falsefalse Thailand
2021 - 2022
FASTEST GROWING MARKETfalsefalse
2022
Imports $1.36MWorld Rnk 38 / 122
Flag Rnk 1122 / 1213
2021 - 2022
FASTEST GROWING ORIGINfalseMalaysia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.64k in Railroad Ties, making it the 65th largest exporter of Railroad Ties in the world. At the same year, Railroad Ties was the 1183rd most exported product in South Korea. The main destination of Railroad Ties exports from South Korea are: Thailand ($5.64k).

Imports In 2022, South Korea imported $1.36M in Railroad Ties, becoming the 38th largest importer of Railroad Ties in the world. At the same year, Railroad Ties was the 1122nd most imported product in South Korea. South Korea imports Railroad Ties primarily from: Malaysia ($1.08M), China ($275k), Japan ($815), United Kingdom ($233), and United States ($5).

The fastest growing import markets in Railroad Ties for South Korea between 2021 and 2022 were Malaysia ($857k), China ($275k), and Japan ($815).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Railroad Ties exports accounted up to $2k and imports accounted up to $0, resulting in a positive trade balance of $2k. Between February 2023 and July 2024 the exports of South Korea's   Railroad Ties have decreased by $-4k (-66.7%) from $6k to $2k, while imports decreased by $-235k (-100%) from $235k to $0.

Destinations In July 2024, Railroad Ties were exported mostly to China ($2k), and were imported mostly from China ($0).

Growth In July 2024, the decrease in Railroad Ties's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Railroad Ties's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - July 2024)$-4k(-66.7%)
IMPORT GROWTH (February 2023 - July 2024)$-235k(-100%)
MAIN DESTINATION (July 2024)China$2k

This section shows Railroad Ties'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 Railroad Ties over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.64k
IMPORTS (2022)$1.36M
NET TRADE (2022)-$1.35M

In 2022, South Korea exported $5.64k in Railroad Ties. The main destinations of South Korea exports on Railroad Ties were Thailand ($5.64k).

In 2022, South Korea imported $1.36M in Railroad Ties, mainly from Malaysia ($1.08M), China ($275k), Japan ($815), United Kingdom ($233), and United States ($5).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railroad Ties BY South Korea WERE (2021 - 2022):Thailand-$830 (-12.8%)
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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 Railroad Ties were:
United States $132M
France $46.5M
Belgium $30.4M
In 2022, South Korea's main importing competitors in Railroad Ties were:
Canada $112M
Netherlands $52.6M
Germany $20.9M

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Trade Value of Railroad Ties by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $550
TOP IMPORT POTENTIALUnited States+ $1.63k

Railroad Ties’s highest export potential is Canada. With an export gap of $550.   Railroad Ties’s highest import potential is United States with an import gap of $1.63k.

See methodology.

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