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Pricing

2022
Exports $2.86MWorld Rnk 23 / 116
Flag Rnk 895 / 1204
2022
Destination $1.26M Japan
2021 - 2022
FASTEST GROWING MARKET $1.26MJapan
2022
Imports $2.01MWorld Rnk 30 / 165
Flag Rnk 1096 / 1213
2022
Origin $67.1k Australia
2021 - 2022
FASTEST GROWING ORIGIN $67.1kJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.86M in Scrap Rubber, making it the 23rd largest exporter of Scrap Rubber in the world. At the same year, Scrap Rubber was the 895th most exported product in South Korea. The main destination of Scrap Rubber exports from South Korea are: Japan ($1.89M), Thailand ($466k), China ($366k), Malaysia ($73.3k), and Nigeria ($23.2k).

The fastest growing export markets for Scrap Rubber of South Korea between 2021 and 2022 were Japan ($1.26M), Thailand ($109k), and Nigeria ($23.2k).

Imports In 2022, South Korea imported $2.01M in Scrap Rubber, becoming the 30th largest importer of Scrap Rubber in the world. At the same year, Scrap Rubber was the 1096th most imported product in South Korea. South Korea imports Scrap Rubber primarily from: Australia ($1.14M), United States ($411k), Japan ($158k), China ($137k), and Vietnam ($92.2k).

The fastest growing import markets in Scrap Rubber for South Korea between 2021 and 2022 were Japan ($67.1k), France ($46.6k), and Canada ($7.79k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Scrap Rubber exports accounted up to $726k and imports accounted up to $237k, resulting in a positive trade balance of $489k. Between July 2023 and July 2024 the exports of South Korea's   Scrap Rubber have increased by $264k (57.1%) from $462k to $726k, while imports increased by $22k (10.2%) from $215k to $237k.

Destinations In July 2024, Scrap Rubber were exported mostly to Japan ($597k), China ($112k), India ($8k), Mongolia ($8k), and United States ($1k), and were imported mostly from United States ($148k), Australia ($68k), Japan ($21k), China ($0), and India ($0).

Growth In July 2024, the increase in Scrap Rubber's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Scrap Rubber's year-by-year imports was explained primarily by an increase in imports from United States ($15k or 44.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$264k(57.1%)
IMPORT GROWTH (July 2023 - July 2024)$22k(10.2%)
MAIN DESTINATION (July 2024)Japan$597k

This section shows Scrap 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 Scrap Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.86M
IMPORTS (2022)$2.01M
NET TRADE (2022)$849k

In 2022, South Korea exported $2.86M in Scrap Rubber. The main destinations of South Korea exports on Scrap Rubber were Japan ($1.89M), Thailand ($466k), China ($366k), Malaysia ($73.3k), and Nigeria ($23.2k).

In 2022, South Korea imported $2.01M in Scrap Rubber, mainly from Australia ($1.14M), United States ($411k), Japan ($158k), China ($137k), and Vietnam ($92.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Rubber EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$1.26M (201%)
Thailand$109k (30.7%)
Nigeria$23.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Rubber BY South Korea WERE (2021 - 2022):
Poland-$4.18M (-100%)
Malaysia-$45.7k (-38.4%)
India-$11.3k (-98.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Scrap Rubber were:
United Kingdom $52.2M
United States $36M
France $25M
In 2022, South Korea's main importing competitors in Scrap Rubber were:
India $87.9M
Turkey $27.9M
United States $24M

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Trade Value of Scrap Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPakistan+ $27.7k
TOP IMPORT POTENTIALChina+ $81k

Scrap Rubber’s highest export potential is Pakistan. With an export gap of $27.7k.   Scrap Rubber’s highest import potential is China with an import gap of $81k.

See methodology.

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