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2022
Exports $2.28MWorld Rnk 30 / 123
Flag Rnk 911 / 1204
2022
Destination $384k Japan
2021 - 2022
FASTEST GROWING MARKET $384kJapan
2022
Imports $3.32MWorld Rnk 37 / 207
Flag Rnk 1062 / 1213
2022
Origin $800k United States
2021 - 2022
FASTEST GROWING ORIGIN $800kItaly
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.28M in Unvulcanised Rubber Products, making it the 30th largest exporter of Unvulcanised Rubber Products in the world. At the same year, Unvulcanised Rubber Products was the 911th most exported product in South Korea. The main destination of Unvulcanised Rubber Products exports from South Korea are: Japan ($494k), Malaysia ($230k), Vietnam ($214k), China ($181k), and United States ($159k).

The fastest growing export markets for Unvulcanised Rubber Products of South Korea between 2021 and 2022 were Japan ($384k), United States ($74.8k), and Russia ($67.3k).

Imports In 2022, South Korea imported $3.32M in Unvulcanised Rubber Products, becoming the 37th largest importer of Unvulcanised Rubber Products in the world. At the same year, Unvulcanised Rubber Products was the 1062nd most imported product in South Korea. South Korea imports Unvulcanised Rubber Products primarily from: United States ($1.07M), Italy ($927k), China ($445k), Japan ($433k), and Vietnam ($153k).

The fastest growing import markets in Unvulcanised Rubber Products for South Korea between 2021 and 2022 were Italy ($800k), China ($215k), and United Arab Emirates ($27.5k).

COMPANIES In 2023, leading companies such as Sumitomo Rubber (4), General Motors (4), and Hankook Tires (2) were at the forefront of shipping Unvulcanised Rubber Products from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Unvulcanised Rubber Products exports accounted up to $103k and imports accounted up to $166k, resulting in a negative trade balance of $63k. Between July 2023 and July 2024 the exports of South Korea's   Unvulcanised Rubber Products have increased by $1k (0.98%) from $102k to $103k, while imports increased by $56k (50.9%) from $110k to $166k.

Destinations In July 2024, Unvulcanised Rubber Products were exported mostly to Japan ($21k), Australia ($20k), China ($18k), Malaysia ($15k), and Mexico ($12k), and were imported mostly from China ($51k), Italy ($50k), United States ($28k), Japan ($26k), and Germany ($5k).

Growth In July 2024, the increase in Unvulcanised Rubber Products's year-by-year exports was explained primarily by an increase in exports to Japan ($104k or 10.4k%), United Arab Emirates ($8k or 800%), and Belgium ($1k or 100%). In July 2024, the increase in Unvulcanised Rubber Products's year-by-year imports was explained primarily by an increase in imports from Italy ($75k or 208%) and Germany ($5k or 500%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1k(0.98%)
IMPORT GROWTH (July 2023 - July 2024)$56k(50.9%)
MAIN DESTINATION (July 2024)Japan$21k

This section shows Unvulcanised Rubber Products'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 Unvulcanised Rubber Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.28M
IMPORTS (2022)$3.32M
NET TRADE (2022)-$1.04M

In 2022, South Korea exported $2.28M in Unvulcanised Rubber Products. The main destinations of South Korea exports on Unvulcanised Rubber Products were Japan ($494k), Malaysia ($230k), Vietnam ($214k), China ($181k), and United States ($159k).

In 2022, South Korea imported $3.32M in Unvulcanised Rubber Products, mainly from United States ($1.07M), Italy ($927k), China ($445k), Japan ($433k), and Vietnam ($153k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unvulcanised Rubber Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$384k (349%)
United States$74.8k (88.6%)
Russia$67.3k (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unvulcanised Rubber Products BY South Korea WERE (2021 - 2022):
Panama-$144k (-99.8%)
Thailand-$101k (-45.3%)
India-$87.4k (-75.9%)
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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 Unvulcanised Rubber Products were:
Germany $67.8M
Italy $66.8M
United States $65.7M
In 2022, South Korea's main importing competitors in Unvulcanised Rubber Products were:
Germany $31.8M
United States $30.2M
France $28.4M

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Trade Value of Unvulcanised Rubber Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $130k
TOP IMPORT POTENTIALChina+ $255k

Unvulcanised Rubber Products’s highest export potential is China. With an export gap of $130k.   Unvulcanised Rubber Products’s highest import potential is China with an import gap of $255k.

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