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2022
Exports $7.38MWorld Rnk 25 / 105
Flag Rnk 774 / 1204
2022
Destination $729k Malaysia
2021 - 2022
FASTEST GROWING MARKET $729kChina
2022
PRODUCT COMPLEXITY IN Silicates-0.58Rnk 717 / 1025
2022
Imports $51.7MWorld Rnk 4 / 193
Flag Rnk 663 / 1213
2022
Origin $7.2M China
2021 - 2022
FASTEST GROWING ORIGIN $7.2MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.38M in Silicates, making it the 25th largest exporter of Silicates in the world. At the same year, Silicates was the 774th most exported product in South Korea. The main destination of Silicates exports from South Korea are: Malaysia ($2.26M), China ($2.16M), Thailand ($812k), Democratic Republic of the Congo ($430k), and France ($347k).

The fastest growing export markets for Silicates of South Korea between 2021 and 2022 were China ($729k), Malaysia ($471k), and Democratic Republic of the Congo ($257k).

Imports In 2022, South Korea imported $51.7M in Silicates, becoming the 4th largest importer of Silicates in the world. At the same year, Silicates was the 663rd most imported product in South Korea. South Korea imports Silicates primarily from: China ($41.7M), United States ($2.82M), Japan ($2.3M), Netherlands ($2.02M), and India ($745k).

The fastest growing import markets in Silicates for South Korea between 2021 and 2022 were China ($7.2M), Netherlands ($815k), and South Africa ($181k).

COMPANIES In 2023, leading companies such as LG Electronics (51) were at the forefront of shipping Silicates from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Silicates exports accounted up to $753k and imports accounted up to $3.97M, resulting in a negative trade balance of $3.22M. Between November 2023 and November 2024 the exports of South Korea's   Silicates have increased by $257k (51.8%) from $496k to $753k, while imports increased by $683k (20.8%) from $3.29M to $3.97M.

Destinations In November 2024, Silicates were exported mostly to China ($366k), Malaysia ($163k), Thailand ($77k), Romania ($58k), and Vietnam ($31k), and were imported mostly from China ($3.23M), United States ($222k), Japan ($174k), India ($157k), and Belgium ($90k).

Growth In November 2024, the increase in Silicates's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Silicates's year-by-year imports was explained primarily by an increase in imports from China ($306k or 9.37%), Netherlands ($117k or 1.06k%), and South Africa ($79k or 7.9k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$257k(51.8%)
IMPORT GROWTH (November 2023 - November 2024)$683k(20.8%)
MAIN DESTINATION (November 2024)China$366k

This section shows Silicates'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 Silicates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.38M
IMPORTS (2022)$51.7M
NET TRADE (2022)-$44.3M

In 2022, South Korea exported $7.38M in Silicates. The main destinations of South Korea exports on Silicates were Malaysia ($2.26M), China ($2.16M), Thailand ($812k), Democratic Republic of the Congo ($430k), and France ($347k).

In 2022, South Korea imported $51.7M in Silicates, mainly from China ($41.7M), United States ($2.82M), Japan ($2.3M), Netherlands ($2.02M), and India ($745k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicates EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$729k (50.8%)
Malaysia$471k (26.3%)
Democratic Republic of the Congo$257k (149%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicates BY South Korea WERE (2021 - 2022):
Philippines-$214k (-93.5%)
Angola-$90.2k (-100%)
Guatemala-$48.9k (-92%)
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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 Silicates were:
China $226M
Poland $118M
Netherlands $79.9M
In 2022, South Korea's main importing competitors in Silicates were:
Germany $83M
United States $76.6M
Netherlands $61.9M

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Trade Value of Silicates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $178k
TOP IMPORT POTENTIALIndia+ $499k

Silicates’s highest export potential is United States. With an export gap of $178k.   Silicates’s highest import potential is India with an import gap of $499k.

See methodology.

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