Stone, plaster, cement, asbestos, mica. in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $1.07B in Stone, plaster, cement, asbestos, mica., making it the 17th largest exporter of Stone, plaster, cement, asbestos, mica. in the world. At the same year, Stone, plaster, cement, asbestos, mica. was the 41st most exported product in South Korea. The main destination of Stone, plaster, cement, asbestos, mica. exports from South Korea are: United States ($261M), China ($250M), Chinese Taipei ($81M), Vietnam ($63.2M), and Japan ($54.2M).

The fastest growing export markets for Stone, plaster, cement, asbestos, mica. of South Korea between 2021 and 2022 were Vietnam ($11.6M), Chinese Taipei ($10M), and Belgium ($6.92M).

Imports In 2022, South Korea imported $1.53B in Stone, plaster, cement, asbestos, mica., becoming the 9th largest importer of Stone, plaster, cement, asbestos, mica. in the world. At the same year, Stone, plaster, cement, asbestos, mica. was the 45th most imported product in South Korea. South Korea imports Stone, plaster, cement, asbestos, mica. primarily from: China ($916M), Japan ($165M), United States ($97.5M), Vietnam ($59.3M), and Italy ($34.3M).

The fastest growing import markets in Stone, plaster, cement, asbestos, mica. for South Korea between 2021 and 2022 were Oman ($10.9M), Italy ($9.82M), and Egypt ($5.67M).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (62), Robert Bosch (12), and Hyosung (7) were at the forefront of shipping Stone, plaster, cement, asbestos, mica. from South Korea to the United States.

Latest Trends

July 2024

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Overview In July 2024 South Korea's Stone, plaster, cement, asbestos, mica. exports accounted up to $88.8M and imports accounted up to $123M, resulting in a negative trade balance of $34.2M. Between July 2023 and July 2024 the exports of South Korea's Stone, plaster, cement, asbestos, mica. have decreased by $-1.19M (-1.32%) from $89.9M to $88.8M, while imports increased by $10.1M (8.98%) from $113M to $123M.

Destinations In July 2024, Stone, plaster, cement, asbestos, mica. were exported mostly to China ($20M), United States ($18.9M), Vietnam ($8.17M), Chinese Taipei ($5.31M), and Japan ($5.04M), and were imported mostly from China ($73.9M), Japan ($15.4M), United States ($7.25M), Vietnam ($7.08M), and Netherlands ($1.99M).

Growth In July 2024, the decrease in Stone, plaster, cement, asbestos, mica.'s year-by-year exports was explained primarily by a decrease in exports to United States ($-5.57M or -22.7%), China ($-2.51M or -12.6%), and Vietnam ($-1.4M or -27.7%). In July 2024, the increase in Stone, plaster, cement, asbestos, mica.'s year-by-year imports was explained primarily by an increase in imports from United States ($6.86M or 99.8%), Italy ($6.75M or 225%), and Spain ($1.38M or 484%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-1.19M(-1.32%)

IMPORT GROWTH (July 2023 - July 2024)$10.1M(8.98%)

MAIN DESTINATION (July 2024)China$20M

This section shows Stone, plaster, cement, asbestos, mica.'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 Stone, plaster, cement, asbestos, mica. over time.

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