2022
Exports
$6.53MWorld Rnk 41 / 180
Flag Rnk 788 / 1204
2022
PRODUCT COMPLEXITY IN Sand
-0.9Rnk 807 / 1025
2022
Imports
$59MWorld Rnk 12 / 216
Flag Rnk 638 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.53M in Sand, making it the 41st largest exporter of Sand in the world. At the same year, Sand was the 788th most exported product in South Korea. The main destination of Sand exports from South Korea are: United States ($2.94M), Mexico ($1.84M), Japan ($710k), Bangladesh ($249k), and China ($160k).

The fastest growing export markets for Sand of South Korea between 2021 and 2022 were United States ($1.53M), Mexico ($642k), and Bangladesh ($249k).

Imports In 2022, South Korea imported $59M in Sand, becoming the 12th largest importer of Sand in the world. At the same year, Sand was the 638th most imported product in South Korea. South Korea imports Sand primarily from: Australia ($41.1M), Vietnam ($10.8M), Chinese Taipei ($1.37M), Egypt ($1.35M), and Belgium ($1.3M).

The fastest growing import markets in Sand for South Korea between 2021 and 2022 were Australia ($15.6M), Vietnam ($3.7M), and Egypt ($473k).

COMPANIES In 2023, leading companies such as GE RENEWABLES NORTH AMERICA LLC (7) and LG Electronics (4) were at the forefront of shipping Sand from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$45k(20.7%)
IMPORT GROWTH (July 2023 - July 2024)$2.01M(52.1%)
MAIN DESTINATION (July 2024)Mexico$179k

This section shows Sand'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 Sand over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.53M
IMPORTS (2022)$59M
NET TRADE (2022)-$52.5M

In 2022, South Korea exported $6.53M in Sand. The main destinations of South Korea exports on Sand were United States ($2.94M), Mexico ($1.84M), Japan ($710k), Bangladesh ($249k), and China ($160k).

In 2022, South Korea imported $59M in Sand, mainly from Australia ($41.1M), Vietnam ($10.8M), Chinese Taipei ($1.37M), Egypt ($1.35M), and Belgium ($1.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sand EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$1.53M (109%)
Mexico$642k (53.7%)
Bangladesh$249k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sand BY South Korea WERE (2021 - 2022):
Singapore-$82.7k (-92.8%)
Chinese Taipei-$66k (-96.9%)
Maldives-$29.4k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Sand were:
In 2022, South Korea's main importing competitors in Sand were:
China $346M
Japan $150M

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Trade Value of Sand by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $383k
TOP IMPORT POTENTIALUnited States+ $1.44M

Sand’s highest export potential is China. With an export gap of $383k.   Sand’s highest import potential is United States with an import gap of $1.44M.

See methodology.

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