Salt, sulphur, cement, lime, stone, & plaster in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $561M in Salt, sulphur, cement, lime, stone, & plaster, making it the 36th largest exporter of Salt, sulphur, cement, lime, stone, & plaster in the world. At the same year, Salt, sulphur, cement, lime, stone, & plaster was the 51st most exported product in South Korea. The main destination of Salt, sulphur, cement, lime, stone, & plaster exports from South Korea are: China ($249M), United States ($72.2M), Chile ($39.5M), Philippines ($38.7M), and Japan ($30.4M).

The fastest growing export markets for Salt, sulphur, cement, lime, stone, & plaster of South Korea between 2021 and 2022 were Chile ($22.8M), China ($16.8M), and Vietnam ($4.63M).

Imports In 2022, South Korea imported $1.12B in Salt, sulphur, cement, lime, stone, & plaster, becoming the 16th largest importer of Salt, sulphur, cement, lime, stone, & plaster in the world. At the same year, Salt, sulphur, cement, lime, stone, & plaster was the 56th most imported product in South Korea. South Korea imports Salt, sulphur, cement, lime, stone, & plaster primarily from: China ($497M), Australia ($182M), Japan ($98.5M), India ($72.5M), and United States ($68.6M).

The fastest growing import markets in Salt, sulphur, cement, lime, stone, & plaster for South Korea between 2021 and 2022 were Australia ($88.3M), China ($61.9M), and Japan ($15.1M).

COMPANIES In 2023, leading companies such as GENERAL MOTORS LLC (14), THE TILE SHOP (7), and WISMETTAC ASIAN FOODS,INC. (6) were at the forefront of shipping Salt, sulphur, cement, lime, stone, & plaster from South Korea to the United States.

Latest Trends

March 2024

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Overview In March 2024 South Korea's Salt, sulphur, cement, lime, stone, & plaster exports accounted up to $21.7M and imports accounted up to $80M, resulting in a negative trade balance of $58.3M. Between March 2023 and March 2024 the exports of South Korea's Salt, sulphur, cement, lime, stone, & plaster have decreased by $-4.3M (-16.5%) from $26M to $21.7M, while imports decreased by $-11.8M (-12.9%) from $91.9M to $80M.

Destinations In March 2024, Salt, sulphur, cement, lime, stone, & plaster were exported mostly to China ($5.43M), United States ($3.5M), Japan ($2.43M), Peru ($1.71M), and Chile ($1.48M), and were imported mostly from China ($22.8M), Australia ($19.8M), Japan ($7.67M), India ($7.54M), and United States ($6.5M).

Growth In March 2024, the decrease in Salt, sulphur, cement, lime, stone, & plaster's year-by-year exports was explained primarily by a decrease in exports to China ($-9.78M or -43%), United States ($-3.49M or -56.2%), and Philippines ($-3.11M or -82.2%). In March 2024, the decrease in Salt, sulphur, cement, lime, stone, & plaster's year-by-year imports was explained primarily by a decrease in imports from Australia ($-8.19M or -41.5%), Vietnam ($-5.65M or -79.5%), and India ($-731k or -9.71%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-4.3M(-16.5%)

IMPORT GROWTH (March 2023 - March 2024)$-11.8M(-12.9%)

MAIN DESTINATION (March 2024)China$5.43M

This section shows Salt, sulphur, cement, lime, stone, & plaster'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 Salt, sulphur, cement, lime, stone, & plaster over time.

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