2022
Exports
$3.79MWorld Rnk 58 / 178
Flag Rnk 859 / 1204
2022
PRODUCT COMPLEXITY IN Gravel and Crushed Stone
-0.31Rnk 651 / 1025
2022
Imports
$8.41MWorld Rnk 45 / 207
Flag Rnk 964 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.79M in Gravel and Crushed Stone, making it the 58th largest exporter of Gravel and Crushed Stone in the world. At the same year, Gravel and Crushed Stone was the 859th most exported product in South Korea. The main destination of Gravel and Crushed Stone exports from South Korea are: China ($2.66M), Japan ($382k), Vietnam ($294k), United States ($116k), and United Arab Emirates ($65.4k).

The fastest growing export markets for Gravel and Crushed Stone of South Korea between 2021 and 2022 were Japan ($104k), United Arab Emirates ($63.3k), and Vietnam ($42.1k).

Imports In 2022, South Korea imported $8.41M in Gravel and Crushed Stone, becoming the 45th largest importer of Gravel and Crushed Stone in the world. At the same year, Gravel and Crushed Stone was the 964th most imported product in South Korea. South Korea imports Gravel and Crushed Stone primarily from: Vietnam ($3.49M), China ($2.45M), Indonesia ($846k), Philippines ($512k), and Japan ($387k).

The fastest growing import markets in Gravel and Crushed Stone for South Korea between 2021 and 2022 were China ($474k), Vietnam ($161k), and United States ($160k).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Gravel and Crushed Stone from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$72k(12.6%)
IMPORT GROWTH (September 2023 - September 2024)$-199k(-34.7%)
MAIN DESTINATION (September 2024)United States$460k

This section shows Gravel and Crushed Stone'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 Gravel and Crushed Stone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.79M
IMPORTS (2022)$8.41M
NET TRADE (2022)-$4.62M

In 2022, South Korea exported $3.79M in Gravel and Crushed Stone. The main destinations of South Korea exports on Gravel and Crushed Stone were China ($2.66M), Japan ($382k), Vietnam ($294k), United States ($116k), and United Arab Emirates ($65.4k).

In 2022, South Korea imported $8.41M in Gravel and Crushed Stone, mainly from Vietnam ($3.49M), China ($2.45M), Indonesia ($846k), Philippines ($512k), and Japan ($387k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gravel and Crushed Stone EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$104k (37.6%)
United Arab Emirates$63.3k (2.99k%)
Vietnam$42.1k (16.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gravel and Crushed Stone BY South Korea WERE (2021 - 2022):
United States-$512k (-81.5%)
India-$150k (-99%)
China-$118k (-4.25%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Gravel and Crushed Stone were:
In 2022, South Korea's main importing competitors in Gravel and Crushed Stone were:

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Trade Value of Gravel and Crushed Stone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $154k
TOP IMPORT POTENTIALChina+ $1.06M

Gravel and Crushed Stone’s highest export potential is United States. With an export gap of $154k.   Gravel and Crushed Stone’s highest import potential is China with an import gap of $1.06M.

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