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2022
Exports $28MWorld Rnk 21 / 140
Flag Rnk 589 / 1204
2022
Destination $1.89M Indonesia
2021 - 2022
FASTEST GROWING MARKET $1.89MIndonesia
2022
PRODUCT COMPLEXITY IN Refractory Bricks0.44Rnk 390 / 1025
2022
Imports $245MWorld Rnk 4 / 201
Flag Rnk 312 / 1213
2022
Origin $30.9M China
2021 - 2022
FASTEST GROWING ORIGIN $30.9MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $28M in Refractory Bricks, making it the 21st largest exporter of Refractory Bricks in the world. At the same year, Refractory Bricks was the 589th most exported product in South Korea. The main destination of Refractory Bricks exports from South Korea are: Indonesia ($11.3M), Brazil ($3.06M), China ($2.83M), Netherlands ($2.33M), and Japan ($2.07M).

The fastest growing export markets for Refractory Bricks of South Korea between 2021 and 2022 were Indonesia ($1.89M), Netherlands ($768k), and United States ($452k).

Imports In 2022, South Korea imported $245M in Refractory Bricks, becoming the 4th largest importer of Refractory Bricks in the world. At the same year, Refractory Bricks was the 312th most imported product in South Korea. South Korea imports Refractory Bricks primarily from: China ($193M), Japan ($13M), France ($8.79M), United States ($7.6M), and India ($6.18M).

The fastest growing import markets in Refractory Bricks for South Korea between 2021 and 2022 were China ($30.9M), France ($3.7M), and Vietnam ($1.23M).

COMPANIES In 2023, leading companies such as RHI Magnesita (2), Samsung (2), and CNH Industrial (1) were at the forefront of shipping Refractory Bricks from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Refractory Bricks exports accounted up to $1.84M and imports accounted up to $11.2M, resulting in a negative trade balance of $9.34M. Between July 2023 and July 2024 the exports of South Korea's   Refractory Bricks have decreased by $-297k (-13.9%) from $2.14M to $1.84M, while imports decreased by $-2.52M (-18.4%) from $13.7M to $11.2M.

Destinations In July 2024, Refractory Bricks were exported mostly to Chinese Taipei ($542k), Indonesia ($507k), Saudi Arabia ($381k), Turkey ($73k), and Vietnam ($60k), and were imported mostly from China ($8.55M), Austria ($1.23M), United States ($528k), Vietnam ($327k), and India ($296k).

Growth In July 2024, the decrease in Refractory Bricks's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-551k or -98.6%), Indonesia ($-191k or -28.1%), and Vietnam ($-29k or -65.9%). In July 2024, the decrease in Refractory Bricks's year-by-year imports was explained primarily by a decrease in imports from China ($-3.66M or -16.2%), United States ($-903k or -67.5%), and Germany ($-683k or -83.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-297k(-13.9%)
IMPORT GROWTH (July 2023 - July 2024)$-2.52M(-18.4%)
MAIN DESTINATION (July 2024)Chinese Taipei$542k

This section shows Refractory Bricks'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 Refractory Bricks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$28M
IMPORTS (2022)$245M
NET TRADE (2022)-$216M

In 2022, South Korea exported $28M in Refractory Bricks. The main destinations of South Korea exports on Refractory Bricks were Indonesia ($11.3M), Brazil ($3.06M), China ($2.83M), Netherlands ($2.33M), and Japan ($2.07M).

In 2022, South Korea imported $245M in Refractory Bricks, mainly from China ($193M), Japan ($13M), France ($8.79M), United States ($7.6M), and India ($6.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refractory Bricks EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Indonesia$1.89M (20.2%)
Netherlands$768k (49.1%)
United States$452k (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refractory Bricks BY South Korea WERE (2021 - 2022):
Vietnam-$527k (-53%)
Pakistan-$418k (-80.6%)
Chile-$157k (-85.8%)
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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 Refractory Bricks were:
China $2.09B
Germany $618M
Austria $234M
In 2022, South Korea's main importing competitors in Refractory Bricks were:
Indonesia $360M
India $317M
United States $269M

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Trade Value of Refractory Bricks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.3M
TOP IMPORT POTENTIALIndia+ $4.01M

Refractory Bricks’s highest export potential is China. With an export gap of $1.3M.   Refractory Bricks’s highest import potential is India with an import gap of $4.01M.

See methodology.

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