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Exports In 2022, South Korea exported $5.59M in Reclaimed Rubber, making it the 12th largest exporter of Reclaimed Rubber in the world. At the same year, Reclaimed Rubber was the 815th most exported product in South Korea. The main destination of Reclaimed Rubber exports from South Korea are: China ($2.19M), Singapore ($1.37M), Thailand ($757k), Vietnam ($659k), and Japan ($372k).

The fastest growing export markets for Reclaimed Rubber of South Korea between 2021 and 2022 were Singapore ($792k), Thailand ($408k), and Japan ($97k).

Imports In 2022, South Korea imported $17.4M in Reclaimed Rubber, becoming the 5th largest importer of Reclaimed Rubber in the world. At the same year, Reclaimed Rubber was the 852nd most imported product in South Korea. South Korea imports Reclaimed Rubber primarily from: China ($9.56M), India ($4.93M), Malaysia ($2.05M), Indonesia ($767k), and United States ($24.3k).

The fastest growing import markets in Reclaimed Rubber for South Korea between 2021 and 2022 were India ($1.19M), Canada ($8.77k), and Belgium ($1.27k).

COMPANIES In 2023, leading companies such as Hankook Tires (8) were at the forefront of shipping Reclaimed Rubber from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$95k(23.8%)
IMPORT GROWTH (July 2023 - July 2024)$144k(11.2%)
MAIN DESTINATION (July 2024)China$271k

This section shows Reclaimed Rubber'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 Reclaimed Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.59M
IMPORTS (2022)$17.4M
NET TRADE (2022)-$11.8M

In 2022, South Korea exported $5.59M in Reclaimed Rubber. The main destinations of South Korea exports on Reclaimed Rubber were China ($2.19M), Singapore ($1.37M), Thailand ($757k), Vietnam ($659k), and Japan ($372k).

In 2022, South Korea imported $17.4M in Reclaimed Rubber, mainly from China ($9.56M), India ($4.93M), Malaysia ($2.05M), Indonesia ($767k), and United States ($24.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Reclaimed Rubber EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Singapore$792k (136%)
Thailand$408k (117%)
Japan$97k (35.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Reclaimed Rubber BY South Korea WERE (2021 - 2022):
China-$223k (-9.25%)
Chinese Taipei-$29.7k (-60%)
Indonesia-$19.8k (-13.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Reclaimed Rubber were:
India $105M
China $78.1M
Canada $61.7M
In 2022, South Korea's main importing competitors in Reclaimed Rubber were:

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Trade Value of Reclaimed Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $573k
N/AN/AN/A

Reclaimed Rubber’s highest export potential is China. With an export gap of $573k.   Reclaimed Rubber’s highest import potential is N/A with an import gap of N/A.

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