# Republic of Korea HS 401034 exports | Yugalinks

Explore reported HS 401034 exports from Republic of Korea: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Republic of Korea |
| HS6 | 401034 |
| Latest exports | $1.2M |
| Active destinations | 66 |
| Three-year growth | -12.5% |
| Destination HHI | 1,012 |
| Weighted share | 29.3% |

## Destination markets

- USA, Puerto Rico and US Virgin Islands: $53.7K; share 0.4%; growth -16%

## Price intelligence

- Highest reported market price: Paraguay at $211.6K / ton.
- Lowest reported market price: United Rep. of Tanzania at $851.3 / ton.
- Median reported price: $16.7K / ton.
- Price spread: 1,264.9%.

## Export history

- 2010: $7.3M
- 2011: $6.6M
- 2012: $5.0M
- 2013: $4.6M
- 2014: $5.2M
- 2015: $4.7M
- 2016: $3.5M
- 2017: $3.3M
- 2018: $2.7M
- 2019: $2.6M
- 2020: $2.0M
- 2021: $1.4M
- 2022: $1.2M
- 2023: $946.2K
- 2024: $910.8K

## Methods

Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.

Missing values are shown as Not reported and are not imputed.

## Complete structured values

```json
{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/kor/401034",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/401034",
    "exporter": "https://www.yugalinks.com/trade/exporter/kor/401034",
    "methodology": "https://www.yugalinks.com/methodology"
  },
  "methodology": {
    "summary": "Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.",
    "reportedValues": "Merchandise trade observations for an exporter, HS6 product, destination market, and available year.",
    "destinations": "Destination rows are ranked by latest observed exporter-lane value.",
    "prices": "Unit values are reported trade value divided by reported quantity where quantity is positive.",
    "missingData": "Missing values are shown as Not reported and are not imputed."
  },
  "exporter": {
    "hs_code": "401034",
    "exporter_iso3": "KOR",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 151,
    "current_lane_count": 66,
    "active_market_count": 66,
    "exports_latest_observed_lanes_usd": 1178193.2211732545,
    "exports_current_2024_usd": 910798.6838699185,
    "exports_avg_3y_usd": 1023140.7204688961,
    "exports_avg_5y_usd": 1276104.2243977054,
    "exports_avg_10y_usd": 2318276.957601507,
    "exports_cagr_3y_pct": -12.481809282189381,
    "exports_cagr_5y_pct": -18.881350911107354,
    "exports_cagr_10y_pct": -16.03206492457302,
    "exports_all_year_lane_avg_usd": 4810610.82518641,
    "exports_historical_lane_peak_usd": 15729986.880065223,
    "historical_peak_year": 2008,
    "positive_growth_year_share_pct": 37.93103448275862,
    "trend_acceleration_pct": 3.5502556423836396,
    "trend_label": "Rapid decline",
    "top_market_iso3": "ARE",
    "top_market_exports_usd": 323641.783945893,
    "top_market_share_pct": 27.46932999865742,
    "destination_hhi": 1012.4519179802955,
    "weighted_share_latest_pct": 29.294818022427272,
    "weighted_share_change_1y_pp": 11.61512251373823,
    "weighted_volatility_cv": 0.7499780568673391,
    "weighted_max_drawdown_pct": 83.43167968334211,
    "limited_history_lane_share_pct": 28.47682119205298,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:29:10",
    "source": "api",
    "product": {
      "hs_code": 401034,
      "hs_description": "Rubber: vulcanised, endless transmission belts of trapezoidal cross-section (V-belts), other than V-ribbed, of an outside circumference exceeding 180cm but not exceeding 240 cm",
      "hs_chapter": 40,
      "hs_heading": 4010,
      "substitution_elasticity": -7.5942802,
      "price_range_label": null,
      "trade_type_label": null
    },
    "hs_description": "Rubber: vulcanised, endless transmission belts of trapezoidal cross-section (V-belts), other than V-ribbed, of an outside circumference exceeding 180cm but not exceeding 240 cm",
    "hs_chapter": 40,
    "hs_heading": 4010,
    "destinations": [
      {
        "hs_code": 401034,
        "corridor_rank": 16,
        "exporter_iso3": "KOR",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 53650.91731133777,
        "exports_all_year_avg_usd": 920064.5849869752,
        "exports_avg_3y_usd": 61163.695003942004,
        "exports_avg_5y_usd": 90713.32299769137,
        "exports_avg_10y_usd": 213716.04721193985,
        "exports_cagr_3y_pct": -15.991578500679982,
        "exports_cagr_5y_pct": -15.427997200615529,
        "exports_cagr_10y_pct": -27.144083518071117,
        "exports_historical_peak_usd": 3194179.880096056,
        "buyer_imports_latest_observed_usd": 14771904.955877492,
        "historical_peak_year": 2010,
        "positive_growth_year_share_pct": 41.37931034482759,
        "trend_acceleration_pct": 11.152505017391135,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 8.4533,
        "buyer_yoy_all_avg_pct": 10.8156,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 0.3631956573751916,
        "market_share_change_1y_pp": 0.025770321551682462,
        "peer_best_share_pct": 54.00049092971228,
        "peer_top_exporter": "MEX",
        "supplier_count_latest": 39,
        "buyer_market_hhi": 3279.72,
        "distance_km": 11065.7021484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.04295669226020202,
        "tariff_advantage_pp": 0.03830231714616161,
        "volatility_cv": 1.2303975843797976,
        "max_drawdown_pct": 98.56116088332223,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Slowing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "KOR",
      "hs_code": 401034,
      "num_markets": 103,
      "highest_price_importer_iso3": "PRY",
      "highest_price_usd_per_ton": 211600,
      "lowest_price_importer_iso3": "TZA",
      "lowest_price_usd_per_ton": 851.2544802867383,
      "median_price_across_markets": 16660.727766873017,
      "price_spread_pct": 1264.943215378327,
      "avg_quantity_metric_tons": 2.580594752186589,
      "total_trade_value_usd": 12695792
    },
    "history": [
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        "year": 2010,
        "export_value_usd": 7299858.4305295935,
        "active_destinations": 56,
        "yoy_growth_pct": 31.13403792885716
      },
      {
        "year": 2011,
        "export_value_usd": 6632472.506098244,
        "active_destinations": 67,
        "yoy_growth_pct": -9.142450237667573
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      {
        "year": 2012,
        "export_value_usd": 5048702.82404335,
        "active_destinations": 71,
        "yoy_growth_pct": -23.87902370644873
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      {
        "year": 2013,
        "export_value_usd": 4573366.361201966,
        "active_destinations": 82,
        "yoy_growth_pct": -9.415021628480439
      },
      {
        "year": 2014,
        "export_value_usd": 5227423.213758461,
        "active_destinations": 84,
        "yoy_growth_pct": 14.30143139428254
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      {
        "year": 2015,
        "export_value_usd": 4715735.631579342,
        "active_destinations": 79,
        "yoy_growth_pct": -9.788524120877923
      },
      {
        "year": 2016,
        "export_value_usd": 3504474.605472789,
        "active_destinations": 79,
        "yoy_growth_pct": -25.685515913895518
      },
      {
        "year": 2017,
        "export_value_usd": 3289137.2593050324,
        "active_destinations": 77,
        "yoy_growth_pct": -6.144639936368023
      },
      {
        "year": 2018,
        "export_value_usd": 2699803.455769036,
        "active_destinations": 76,
        "yoy_growth_pct": -17.917580115234163
      },
      {
        "year": 2019,
        "export_value_usd": 2593097.5019003474,
        "active_destinations": 74,
        "yoy_growth_pct": -3.9523600742370886
      },
      {
        "year": 2020,
        "export_value_usd": 1952386.9891963336,
        "active_destinations": 74,
        "yoy_growth_pct": -24.70830781466837
      },
      {
        "year": 2021,
        "export_value_usd": 1358711.9713855062,
        "active_destinations": 72,
        "yoy_growth_pct": -30.407650793411783
      },
      {
        "year": 2022,
        "export_value_usd": 1212427.8867370076,
        "active_destinations": 69,
        "yoy_growth_pct": -10.766379315796394
      },
      {
        "year": 2023,
        "export_value_usd": 946195.5907997625,
        "active_destinations": 71,
        "yoy_growth_pct": -21.95860874280555
      },
      {
        "year": 2024,
        "export_value_usd": 910798.6838699185,
        "active_destinations": 66,
        "yoy_growth_pct": -3.740971451782519
      }
    ],
    "economy": {
      "year": 2024,
      "country_iso3": "KOR",
      "exports_usd": 719146445390.6676,
      "imports_usd": 602781511915.9164,
      "trade_balance_usd": 116364933474.75122,
      "yoy_exports_growth_pct": 8.99738243181556,
      "yoy_imports_growth_pct": -2.0488493611390823,
      "exports_cagr_3y_pct": 2.3762912989319096,
      "imports_cagr_3y_pct": 0.5600101180488037,
      "export_partner_hhi": 1005.4152216058833,
      "export_product_hhi": 224.2651640980364,
      "momentum_score": 7.011055091950464,
      "risk_score": 6.148401928519599,
      "gdp_million_usd": 1875388.209406803,
      "gdp_per_capita_usd": 36238.63990831499,
      "population": 51751065,
      "labor_force": 28232.98,
      "investment_rate_pct": 32.11,
      "savings_rate_pct": 33.94,
      "secondary_education_pct": 97.7,
      "tertiary_education_pct": 60.3,
      "total_factor_productivity": 1485.56,
      "trade_openness_pct": 81.8058450718175,
      "exports_gdp_pct": 44.50347113880819,
      "num_active_partners": 270,
      "num_fta_partners": 58,
      "num_wto_partners": 169,
      "num_eu_partners": 28,
      "num_shared_border_partners": 1,
      "num_shared_language_partners": 1,
      "avg_partner_distance_km": 9523.444444444445,
      "avg_partner_gdp_million_usd": 533678518.3258193,
      "avg_partner_gdp_per_capita_usd": 15.774186170212769,
      "avg_buyer_biz_entry_days": null,
      "avg_buyer_biz_entry_cost_pct": null,
      "pct_partners_with_fta": 21.48148148148148,
      "pct_partners_shared_language": 0.3703703703703704,
      "pct_partners_shared_border": 0.3703703703703704,
      "avg_applied_tariff_pct": 0.1325559179132643,
      "avg_mfn_tariff_pct": 0.13730118197136373,
      "avg_preferential_tariff_pct": 0.040044337595312784,
      "tariff_advantage_pp": 0.09725684437605095,
      "avg_distance_all_partners_km": 9624.182081122517,
      "num_border_partners": 20,
      "num_colonial_partners": 25,
      "avg_substitution_elasticity": -10.797487279973065,
      "pct_products_high_elasticity": 75.69542668552569,
      "pct_products_low_elasticity": 2.710985384252711,
      "real_market_potential": 193723.88455191866,
      "foreign_market_potential": 21832.519125198414
    },
    "countryMap": {}
  },
  "product": {
    "hs_code": "401034",
    "hs_description": "Rubber: vulcanised, endless transmission belts of trapezoidal cross-section (V-belts), other than V-ribbed, of an outside circumference exceeding 180cm but not exceeding 240 cm",
    "hs_chapter": 40,
    "hs_heading": 4010
  },
  "destinations": [
    {
      "hs_code": 401034,
      "corridor_rank": 16,
      "exporter_iso3": "KOR",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 53650.91731133777,
      "exports_all_year_avg_usd": 920064.5849869752,
      "exports_avg_3y_usd": 61163.695003942004,
      "exports_avg_5y_usd": 90713.32299769137,
      "exports_avg_10y_usd": 213716.04721193985,
      "exports_cagr_3y_pct": -15.991578500679982,
      "exports_cagr_5y_pct": -15.427997200615529,
      "exports_cagr_10y_pct": -27.144083518071117,
      "exports_historical_peak_usd": 3194179.880096056,
      "buyer_imports_latest_observed_usd": 14771904.955877492,
      "historical_peak_year": 2010,
      "positive_growth_year_share_pct": 41.37931034482759,
      "trend_acceleration_pct": 11.152505017391135,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 8.4533,
      "buyer_yoy_all_avg_pct": 10.8156,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 0.3631956573751916,
      "market_share_change_1y_pp": 0.025770321551682462,
      "peer_best_share_pct": 54.00049092971228,
      "peer_top_exporter": "MEX",
      "supplier_count_latest": 39,
      "buyer_market_hhi": 3279.72,
      "distance_km": 11065.7021484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.04295669226020202,
      "tariff_advantage_pp": 0.03830231714616161,
      "volatility_cv": 1.2303975843797976,
      "max_drawdown_pct": 98.56116088332223,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Slowing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "KOR",
    "hs_code": 401034,
    "num_markets": 103,
    "highest_price_importer_iso3": "PRY",
    "highest_price_usd_per_ton": 211600,
    "lowest_price_importer_iso3": "TZA",
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    "price_spread_pct": 1264.943215378327,
    "avg_quantity_metric_tons": 2.580594752186589,
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      "yoy_growth_pct": 31.13403792885716
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    {
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    {
      "year": 2013,
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    {
      "year": 2014,
      "export_value_usd": 5227423.213758461,
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      "yoy_growth_pct": 14.30143139428254
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    {
      "year": 2015,
      "export_value_usd": 4715735.631579342,
      "active_destinations": 79,
      "yoy_growth_pct": -9.788524120877923
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    {
      "year": 2016,
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      "active_destinations": 79,
      "yoy_growth_pct": -25.685515913895518
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    {
      "year": 2017,
      "export_value_usd": 3289137.2593050324,
      "active_destinations": 77,
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    {
      "year": 2018,
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    {
      "year": 2019,
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    {
      "year": 2020,
      "export_value_usd": 1952386.9891963336,
      "active_destinations": 74,
      "yoy_growth_pct": -24.70830781466837
    },
    {
      "year": 2021,
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      "active_destinations": 72,
      "yoy_growth_pct": -30.407650793411783
    },
    {
      "year": 2022,
      "export_value_usd": 1212427.8867370076,
      "active_destinations": 69,
      "yoy_growth_pct": -10.766379315796394
    },
    {
      "year": 2023,
      "export_value_usd": 946195.5907997625,
      "active_destinations": 71,
      "yoy_growth_pct": -21.95860874280555
    },
    {
      "year": 2024,
      "export_value_usd": 910798.6838699185,
      "active_destinations": 66,
      "yoy_growth_pct": -3.740971451782519
    }
  ],
  "economy": {
    "year": 2024,
    "country_iso3": "KOR",
    "exports_usd": 719146445390.6676,
    "imports_usd": 602781511915.9164,
    "trade_balance_usd": 116364933474.75122,
    "yoy_exports_growth_pct": 8.99738243181556,
    "yoy_imports_growth_pct": -2.0488493611390823,
    "exports_cagr_3y_pct": 2.3762912989319096,
    "imports_cagr_3y_pct": 0.5600101180488037,
    "export_partner_hhi": 1005.4152216058833,
    "export_product_hhi": 224.2651640980364,
    "momentum_score": 7.011055091950464,
    "risk_score": 6.148401928519599,
    "gdp_million_usd": 1875388.209406803,
    "gdp_per_capita_usd": 36238.63990831499,
    "population": 51751065,
    "labor_force": 28232.98,
    "investment_rate_pct": 32.11,
    "savings_rate_pct": 33.94,
    "secondary_education_pct": 97.7,
    "tertiary_education_pct": 60.3,
    "total_factor_productivity": 1485.56,
    "trade_openness_pct": 81.8058450718175,
    "exports_gdp_pct": 44.50347113880819,
    "num_active_partners": 270,
    "num_fta_partners": 58,
    "num_wto_partners": 169,
    "num_eu_partners": 28,
    "num_shared_border_partners": 1,
    "num_shared_language_partners": 1,
    "avg_partner_distance_km": 9523.444444444445,
    "avg_partner_gdp_million_usd": 533678518.3258193,
    "avg_partner_gdp_per_capita_usd": 15.774186170212769,
    "avg_buyer_biz_entry_days": null,
    "avg_buyer_biz_entry_cost_pct": null,
    "pct_partners_with_fta": 21.48148148148148,
    "pct_partners_shared_language": 0.3703703703703704,
    "pct_partners_shared_border": 0.3703703703703704,
    "avg_applied_tariff_pct": 0.1325559179132643,
    "avg_mfn_tariff_pct": 0.13730118197136373,
    "avg_preferential_tariff_pct": 0.040044337595312784,
    "tariff_advantage_pp": 0.09725684437605095,
    "avg_distance_all_partners_km": 9624.182081122517,
    "num_border_partners": 20,
    "num_colonial_partners": 25,
    "avg_substitution_elasticity": -10.797487279973065,
    "pct_products_high_elasticity": 75.69542668552569,
    "pct_products_low_elasticity": 2.710985384252711,
    "real_market_potential": 193723.88455191866,
    "foreign_market_potential": 21832.519125198414
  }
}
```