2022
Exports
$94.3MWorld Rnk 22 / 113
Flag Rnk 384 / 1204
2022
PRODUCT COMPLEXITY IN Aluminium Oxide
-1.13Rnk 865 / 1025
2022
Imports
$354MWorld Rnk 18 / 182
Flag Rnk 244 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $94.3M in Aluminium Oxide, making it the 22nd largest exporter of Aluminium Oxide in the world. At the same year, Aluminium Oxide was the 384th most exported product in South Korea. The main destination of Aluminium Oxide exports from South Korea are: Japan ($32.7M), China ($26.9M), Indonesia ($4.12M), Vietnam ($4M), and Thailand ($3.56M).

The fastest growing export markets for Aluminium Oxide of South Korea between 2021 and 2022 were China ($3.06M), Japan ($1.55M), and Germany ($1.42M).

Imports In 2022, South Korea imported $354M in Aluminium Oxide, becoming the 18th largest importer of Aluminium Oxide in the world. At the same year, Aluminium Oxide was the 244th most imported product in South Korea. South Korea imports Aluminium Oxide primarily from: China ($166M), Japan ($43M), Vietnam ($30.2M), Australia ($30M), and Indonesia ($22.1M).

The fastest growing import markets in Aluminium Oxide for South Korea between 2021 and 2022 were Indonesia ($12.5M), Vietnam ($6.41M), and India ($4.08M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.63M(-31.7%)
IMPORT GROWTH (July 2023 - July 2024)$-151k(-0.56%)
MAIN DESTINATION (July 2024)China$1.71M

This section shows Aluminium Oxide'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 Aluminium Oxide over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$94.3M
IMPORTS (2022)$354M
NET TRADE (2022)-$259M

In 2022, South Korea exported $94.3M in Aluminium Oxide. The main destinations of South Korea exports on Aluminium Oxide were Japan ($32.7M), China ($26.9M), Indonesia ($4.12M), Vietnam ($4M), and Thailand ($3.56M).

In 2022, South Korea imported $354M in Aluminium Oxide, mainly from China ($166M), Japan ($43M), Vietnam ($30.2M), Australia ($30M), and Indonesia ($22.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aluminium Oxide EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$3.06M (12.8%)
Japan$1.55M (4.98%)
Germany$1.42M (1.26k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Oxide BY South Korea WERE (2021 - 2022):
Chinese Taipei-$1.92M (-38.6%)
India-$1.32M (-55.6%)
Indonesia-$1.27M (-23.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Aluminium Oxide were:
Brazil $3.39B
China $1.84B
In 2022, South Korea's main importing competitors in Aluminium Oxide were:

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Trade Value of Aluminium Oxide by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.03M
TOP IMPORT POTENTIALAustralia+ $12.7M

Aluminium Oxide’s highest export potential is China. With an export gap of $9.03M.   Aluminium Oxide’s highest import potential is Australia with an import gap of $12.7M.

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