2022
Exports | Imports
$306M | $2.02BWorld Rnk 26 / 162
Flag Rnk 64 / 96
World Rnk 7 / 206
Flag Rnk 40 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.71Rnk 4 / 124
2022
PRODUCT COMPLEXITY IN Nickel articles
1.45Rnk 54 / 1025

About

Exports In 2022, South Korea exported $306M in Nickel articles, making it the 26th largest exporter of Nickel articles in the world. At the same year, Nickel articles was the 64th most exported product in South Korea. The main destination of Nickel articles exports from South Korea are: China ($104M), Japan ($69.6M), Vietnam ($28.6M), United States ($24.8M), and India ($19.6M).

The fastest growing export markets for Nickel articles of South Korea between 2021 and 2022 were China ($43.4M), Vietnam ($18.9M), and United States ($18.4M).

Imports In 2022, South Korea imported $2.02B in Nickel articles, becoming the 7th largest importer of Nickel articles in the world. At the same year, Nickel articles was the 40th most imported product in South Korea. South Korea imports Nickel articles primarily from: Australia ($464M), China ($231M), Canada ($199M), Japan ($188M), and Finland ($187M).

The fastest growing import markets in Nickel articles for South Korea between 2021 and 2022 were Madagascar ($133M), China ($88.4M), and Indonesia ($77.3M).

COMPANIES In 2023, leading companies such as VICTAULIC COMPANY (1.27k), SAMSUNG ELECTRONICS AMERICA (324), and NISSAN NORTH AMERICA, INC. (106) were at the forefront of shipping Nickel articles from South Korea to the United States.

Latest Trends

January 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$-20.9M(-46.1%)
IMPORT GROWTH (January 2023 - January 2024)$-50.2M(-28.7%)
MAIN DESTINATION (January 2024)India$6.57M

This section shows Nickel articles'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 Nickel articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$306M
IMPORTS (2022)$2.02B
NET TRADE (2022)-$1.71B

In 2022, South Korea exported $306M in Nickel articles. The main destinations of South Korea exports on Nickel articles were China ($104M), Japan ($69.6M), Vietnam ($28.6M), United States ($24.8M), and India ($19.6M).

In 2022, South Korea imported $2.02B in Nickel articles, mainly from Australia ($464M), China ($231M), Canada ($199M), Japan ($188M), and Finland ($187M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$43.4M (71.4%)
Vietnam$18.9M (194%)
United States$18.4M (286%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel articles BY South Korea WERE (2021 - 2022):
Poland-$1.45M (-26.7%)
Australia-$1.35M (-90.5%)
Canada-$1.15M (-86.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Nickel articles were:
In 2022, South Korea's main importing competitors in Nickel articles were:

Explore Visualizations

Trade Value of Nickel articles by Exporters

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