2023
Exports
$184MWorld Rnk 21 / 198
Flag Rnk 261 / 1188
2023
PRODUCT COMPLEXITY IN Stone Processing Machines
0.43Rnk 399 / 1025
2023
Imports
$112MWorld Rnk 48 / 224
Flag Rnk 453 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $184M in Stone Processing Machines, making it the 21st largest exporter of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 261st most exported product in South Korea. The main destination of Stone Processing Machines exports from South Korea are: Indonesia ($54.5M), China ($32.6M), India ($17.5M), Saudi Arabia ($15M), and Argentina ($12.1M).

The fastest growing export markets for Stone Processing Machines of South Korea between 2022 and 2023 were Indonesia ($22.9M), Saudi Arabia ($12.7M), and Argentina ($12.1M).

Imports In 2023, South Korea imported $112M in Stone Processing Machines, becoming the 48th largest importer of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 453rd most imported product in South Korea. South Korea imports Stone Processing Machines primarily from: China ($45.4M), Italy ($10.4M), Germany ($9.9M), United States ($6.97M), and Japan ($6.93M).

The fastest growing import markets in Stone Processing Machines for South Korea between 2022 and 2023 were China ($9.3M), Japan ($3.23M), and United States ($2.39M).

COMPANIES In 2024, leading companies such as LG Electronics (172), General Motors (69), and Nissan (12) were at the forefront of shipping Stone Processing Machines from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-8.63M(-57.5%)
IMPORT GROWTH (January 2024 - January 2025)$-5.55M(-50%)
MAIN DESTINATION (January 2025)India$1.72M

This section shows Stone Processing Machines'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 Stone Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$184M
IMPORTS (2023)$112M
NET TRADE (2023)$72.4M

In 2023, South Korea exported $184M in Stone Processing Machines. The main destinations of South Korea exports on Stone Processing Machines were Indonesia ($54.5M), China ($32.6M), India ($17.5M), Saudi Arabia ($15M), and Argentina ($12.1M).

In 2023, South Korea imported $112M in Stone Processing Machines, mainly from China ($45.4M), Italy ($10.4M), Germany ($9.9M), United States ($6.97M), and Japan ($6.93M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stone Processing Machines EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Indonesia$22.9M (72.6%)
Saudi Arabia$12.7M (546%)
Argentina$12.1M (3.54M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone Processing Machines BY South Korea WERE (2022 - 2023):
China-$49.4M (-60.3%)
Vietnam-$10.9M (-100%)
Hungary-$8.66M (-98.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Stone Processing Machines were:
In 2023, South Korea's main importing competitors in Stone Processing Machines were:

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Trade Value of Stone Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.1M
TOP IMPORT POTENTIALChina+ $19.8M

Stone Processing Machines’s highest export potential is United States. With an export gap of $10.1M.   Stone Processing Machines’s highest import potential is China with an import gap of $19.8M.

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