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2022
Exports $235MWorld Rnk 15 / 211
Flag Rnk 251 / 1204
2022
Destination $7.56M United States
2021 - 2022
FASTEST GROWING MARKET $7.56MUnited States
2022
PRODUCT COMPLEXITY IN Rubber Pipes0.79Rnk 251 / 1025
2022
Imports $102MWorld Rnk 28 / 224
Flag Rnk 510 / 1213
2022
Origin $2.41M China
2021 - 2022
FASTEST GROWING ORIGIN $2.41MSpain
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $235M in Rubber Pipes, making it the 15th largest exporter of Rubber Pipes in the world. At the same year, Rubber Pipes was the 251st most exported product in South Korea. The main destination of Rubber Pipes exports from South Korea are: United States ($62.1M), China ($25.5M), Mexico ($17.8M), Brazil ($16.7M), and Japan ($15.3M).

The fastest growing export markets for Rubber Pipes of South Korea between 2021 and 2022 were United States ($7.56M), Indonesia ($2.73M), and Mexico ($1.72M).

Imports In 2022, South Korea imported $102M in Rubber Pipes, becoming the 28th largest importer of Rubber Pipes in the world. At the same year, Rubber Pipes was the 510th most imported product in South Korea. South Korea imports Rubber Pipes primarily from: China ($32.3M), United States ($9.21M), Japan ($6.38M), Vietnam ($6.04M), and Malaysia ($5.8M).

The fastest growing import markets in Rubber Pipes for South Korea between 2021 and 2022 were Spain ($2.41M), Thailand ($2.12M), and Singapore ($1.13M).

COMPANIES In 2023, leading companies such as CNH Industrial (1), Bridgestone Tires (1), and Haas Automation (1) were at the forefront of shipping Rubber Pipes from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Rubber Pipes exports accounted up to $19.4M and imports accounted up to $8.16M, resulting in a positive trade balance of $11.3M. Between November 2023 and November 2024 the exports of South Korea's   Rubber Pipes have increased by $1.14M (6.21%) from $18.3M to $19.4M, while imports decreased by $-289k (-3.42%) from $8.45M to $8.16M.

Destinations In November 2024, Rubber Pipes were exported mostly to United States ($3.93M), China ($2.21M), Japan ($2.19M), Czechia ($1.91M), and Slovakia ($1.23M), and were imported mostly from China ($2.63M), Vietnam ($877k), United States ($766k), Japan ($730k), and Singapore ($446k).

Growth In November 2024, the increase in Rubber Pipes's year-by-year exports was explained primarily by an increase in exports to Vietnam ($472k or 151%), Hungary ($295k or 5.9k%), and Netherlands ($258k or 1.98k%). In November 2024, the decrease in Rubber Pipes's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-377k or -80.7%), Italy ($-225k or -60.3%), and India ($-152k or -42.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$1.14M(6.21%)
IMPORT GROWTH (November 2023 - November 2024)$-289k(-3.42%)
MAIN DESTINATION (November 2024)United States$3.93M

This section shows Rubber Pipes'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 Rubber Pipes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$235M
IMPORTS (2022)$102M
NET TRADE (2022)$133M

In 2022, South Korea exported $235M in Rubber Pipes. The main destinations of South Korea exports on Rubber Pipes were United States ($62.1M), China ($25.5M), Mexico ($17.8M), Brazil ($16.7M), and Japan ($15.3M).

In 2022, South Korea imported $102M in Rubber Pipes, mainly from China ($32.3M), United States ($9.21M), Japan ($6.38M), Vietnam ($6.04M), and Malaysia ($5.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Pipes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$7.56M (13.9%)
Indonesia$2.73M (163%)
Mexico$1.72M (10.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Pipes BY South Korea WERE (2021 - 2022):
China-$8.5M (-25%)
Russia-$4.26M (-73%)
Netherlands-$3.84M (-54.9%)
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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 Rubber Pipes were:
China $1.55B
United States $1.12B
Germany $1.1B
In 2022, South Korea's main importing competitors in Rubber Pipes were:
United States $2.15B
Germany $1.08B
Canada $558M

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Trade Value of Rubber Pipes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $11.3M
TOP IMPORT POTENTIALChina+ $11.8M

Rubber Pipes’s highest export potential is China. With an export gap of $11.3M.   Rubber Pipes’s highest import potential is China with an import gap of $11.8M.

See methodology.

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