Salt, sulphur, cement, lime, stone, & plaster in South Korea | The Observatory of Economic Complexity

About

Exports In 2018, South Korea exported $437M in Salt, sulphur, cement, lime, stone, & plaster, making it the 42nd largest exporter of Salt, sulphur, cement, lime, stone, & plaster in the world. At the same year, Salt, sulphur, cement, lime, stone, & plaster was the 50th most exported product in South Korea. The main destination of Salt, sulphur, cement, lime, stone, & plaster exports from South Korea are: China ($135M), United States ($84M), Peru ($30.8M), Japan ($30.5M), and Philippines ($30.4M).

The fastest growing export markets for Salt, sulphur, cement, lime, stone, & plaster of South Korea between 2022 and 2023 were Peru ($24.2M), Guatemala ($5.74M), and Poland ($4.8M).

Imports In 2023, South Korea imported $740M in Salt, sulphur, cement, lime, stone, & plaster, becoming the 21st largest importer of Salt, sulphur, cement, lime, stone, & plaster in the world. At the same year, Salt, sulphur, cement, lime, stone, & plaster was the 62nd most imported product in South Korea. South Korea imports Salt, sulphur, cement, lime, stone, & plaster primarily from: China ($387M), Japan ($67.8M), India ($59.8M), United States ($56.6M), and Australia ($46.9M).

The fastest growing import markets in Salt, sulphur, cement, lime, stone, & plaster for South Korea between 2022 and 2023 were South Africa ($7.46M), Oman ($4.52M), and Morocco ($4.21M).

COMPANIES In 2024, leading companies such as General Motors (53), LG Electronics (17), and Wismettac Asian Foods (11) were at the forefront of shipping Salt, sulphur, cement, lime, stone, & plaster from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Salt, sulphur, cement, lime, stone, & plaster exports accounted up to $34.4M and imports accounted up to $93.7M, resulting in a negative trade balance of $59.3M. Between December 2023 and December 2024 the exports of South Korea's Salt, sulphur, cement, lime, stone, & plaster have decreased by $-1.53M (-4.27%) from $35.9M to $34.4M, while imports decreased by $-38k (-0.041%) from $93.7M to $93.7M.

Destinations In December 2024, Salt, sulphur, cement, lime, stone, & plaster were exported mostly to China ($16.1M), United States ($3.18M), Japan ($2.49M), Bangladesh ($2.39M), and Chile ($1.5M), and were imported mostly from China ($33.1M), Australia ($21.2M), India ($10.3M), Japan ($8.42M), and United States ($4.27M).

Growth In December 2024, the decrease in Salt, sulphur, cement, lime, stone, & plaster's year-by-year exports was explained primarily by a decrease in exports to China ($-6.13M or -47.3%), Peru ($-3.57M or -99.7%), and Chile ($-2.54M or -65.7%). In December 2024, the decrease in Salt, sulphur, cement, lime, stone, & plaster's year-by-year imports was explained primarily by a decrease in imports from China ($-17.7M or -41.7%), Australia ($-6.38M or -55.4%), and Mexico ($-2.6M or -96.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$-1.53M(-4.27%)

IMPORT GROWTH (December 2023 - December 2024)$-38k(-0.041%)

MAIN DESTINATION (December 2024)China$16.1M

This section shows Salt, sulphur, cement, lime, stone, & plaster'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 Salt, sulphur, cement, lime, stone, & plaster over time.

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