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Exports In 2022, South Korea exported $385M in Tool plates/tips/etc, sintered metal carbide & cermet, making it the 7th largest exporter of Tool plates/tips/etc, sintered metal carbide & cermet in the world. At the same year, Tool plates/tips/etc, sintered metal carbide & cermet was the 229th most exported product in South Korea. The main destination of Tool plates/tips/etc, sintered metal carbide & cermet exports from South Korea are: China ($84.8M), United States ($63M), India ($37.9M), Germany ($34.9M), and Japan ($22.8M).

The fastest growing export markets for Tool plates/tips/etc, sintered metal carbide & cermet of South Korea between 2021 and 2022 were United States ($5.18M), Russia ($2.88M), and India ($2.48M).

Imports In 2022, South Korea imported $151M in Tool plates/tips/etc, sintered metal carbide & cermet, becoming the 11th largest importer of Tool plates/tips/etc, sintered metal carbide & cermet in the world. At the same year, Tool plates/tips/etc, sintered metal carbide & cermet was the 519th most imported product in South Korea. South Korea imports Tool plates/tips/etc, sintered metal carbide & cermet primarily from: China ($61.4M), Japan ($33.3M), Israel ($18.6M), Germany ($9.97M), and United States ($8M).

The fastest growing import markets in Tool plates/tips/etc, sintered metal carbide & cermet for South Korea between 2021 and 2022 were China ($8.89M), United States ($3.08M), and Czechia ($789k).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Tool plates/tips/etc, sintered metal carbide & cermet from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Tool plates/tips/etc, sintered metal carbide & cermet. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$385M
IMPORTS (2022)$151M
NET TRADE (2022)$234M

In 2022, South Korea exported $385M in Tool plates/tips/etc, sintered metal carbide & cermet. The main destinations of South Korea exports on Tool plates/tips/etc, sintered metal carbide & cermet were China ($84.8M), United States ($63M), India ($37.9M), Germany ($34.9M), and Japan ($22.8M).

In 2022, South Korea imported $151M in Tool plates/tips/etc, sintered metal carbide & cermet, mainly from China ($61.4M), Japan ($33.3M), Israel ($18.6M), Germany ($9.97M), and United States ($8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool plates/tips/etc, sintered metal carbide & cermet EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$5.18M (8.96%)
Russia$2.88M (21.9%)
India$2.48M (7.02%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool plates/tips/etc, sintered metal carbide & cermet BY South Korea WERE (2021 - 2022):
China-$14.9M (-15%)
Germany-$4.36M (-11.1%)
Japan-$3.65M (-13.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Tool plates/tips/etc, sintered metal carbide & cermet were:
Germany $1.21B
Japan $880M
China $698M
In 2022, South Korea's main importing competitors in Tool plates/tips/etc, sintered metal carbide & cermet were:

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Trade Value of Tool plates/tips/etc, sintered metal carbide & cermet by Exporters

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