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2023
Exports $5.85MWorld Rnk 16 / 125
Flag Rnk 769 / 1188
2023
Destination $2.73M Japan
2022 - 2023
FASTEST GROWING MARKET $2.73MJapan
2023
Imports $668kWorld Rnk 48 / 167
Flag Rnk 1129 / 1208
2023
Origin $254k United States
2022 - 2023
FASTEST GROWING ORIGIN $254kUnited States
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $5.85M in Scrap Rubber, making it the 16th largest exporter of Scrap Rubber in the world. At the same year, Scrap Rubber was the 769th most exported product in South Korea. The main destination of Scrap Rubber exports from South Korea are: Japan ($5.08M), Thailand ($598k), Canada ($106k), United Arab Emirates ($47.9k), and Malaysia ($7.78k).

The fastest growing export markets for Scrap Rubber of South Korea between 2022 and 2023 were Japan ($2.73M), Canada ($106k), and Thailand ($65.2k).

Imports In 2023, South Korea imported $668k in Scrap Rubber, becoming the 48th largest importer of Scrap Rubber in the world. At the same year, Scrap Rubber was the 1129th most imported product in South Korea. South Korea imports Scrap Rubber primarily from: United States ($607k), Japan ($35.2k), Australia ($13.4k), United Arab Emirates ($9.08k), and China ($3.23k).

The fastest growing import markets in Scrap Rubber for South Korea between 2022 and 2023 were United States ($254k), United Arab Emirates ($9.08k), and Sri Lanka ($1).

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Scrap Rubber exports accounted up to $719k and imports accounted up to $380k, resulting in a positive trade balance of $339k. Between January 2024 and January 2025 the exports of South Korea's   Scrap Rubber have increased by $111k (18.3%) from $608k to $719k, while imports increased by $146k (62.4%) from $234k to $380k.

Destinations In January 2025, Scrap Rubber were exported mostly to Japan ($697k), China ($22k), Thailand ($0), Spain ($0), and United States ($0), and were imported mostly from United States ($264k), Australia ($97k), Japan ($18k), China ($1k), and Thailand ($0).

Growth In January 2025, the increase in Scrap Rubber's year-by-year exports was explained primarily by an increase in exports to Japan ($514k or 547%). In January 2025, the increase in Scrap Rubber's year-by-year imports was explained primarily by an increase in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$111k(18.3%)
IMPORT GROWTH (January 2024 - January 2025)$146k(62.4%)
MAIN DESTINATION (January 2025)Japan$697k

This section shows Scrap Rubber'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 Scrap Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.85M
IMPORTS (2023)$668k
NET TRADE (2023)$5.18M

In 2023, South Korea exported $5.85M in Scrap Rubber. The main destinations of South Korea exports on Scrap Rubber were Japan ($5.08M), Thailand ($598k), Canada ($106k), United Arab Emirates ($47.9k), and Malaysia ($7.78k).

In 2023, South Korea imported $668k in Scrap Rubber, mainly from United States ($607k), Japan ($35.2k), Australia ($13.4k), United Arab Emirates ($9.08k), and China ($3.23k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Rubber EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Japan$2.73M (116%)
Canada$106k (1%)
Thailand$65.2k (12.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Rubber BY South Korea WERE (2022 - 2023):
China-$366k (-100%)
Nigeria-$27.1k (-100%)
Chinese Taipei-$21.2k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Scrap Rubber were:
United States $70.2M
United Kingdom $58.3M
France $29.5M
In 2023, South Korea's main importing competitors in Scrap Rubber were:
India $138M
Turkey $48.9M
United States $29.5M

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Trade Value of Scrap Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPakistan+ $27.7k
TOP IMPORT POTENTIALChina+ $81k

Scrap Rubber’s highest export potential is Pakistan. With an export gap of $27.7k.   Scrap Rubber’s highest import potential is China with an import gap of $81k.

See methodology.

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