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2022
Exports $50.5kWorld Rnk 57 / 86
Flag Rnk 1139 / 1204
2022
Destination $35.4k Indonesia
2021 - 2022
FASTEST GROWING MARKET $35.4kIndonesia
2022
PRODUCT COMPLEXITY IN Aluminium Ore-2.31Rnk 1014 / 1025
2022
Imports $24.4MWorld Rnk 14 / 112
Flag Rnk 805 / 1213
2022
Origin $2.94M Australia
2021 - 2022
FASTEST GROWING ORIGIN $2.94MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $50.5k in Aluminium Ore, making it the 57th largest exporter of Aluminium Ore in the world. At the same year, Aluminium Ore was the 1139th most exported product in South Korea. The main destination of Aluminium Ore exports from South Korea are: Indonesia ($50.5k), Thailand ($10), and Canada ($1).

The fastest growing export markets for Aluminium Ore of South Korea between 2021 and 2022 were Indonesia ($35.4k), Thailand ($5), and Canada ($1).

Imports In 2022, South Korea imported $24.4M in Aluminium Ore, becoming the 14th largest importer of Aluminium Ore in the world. At the same year, Aluminium Ore was the 805th most imported product in South Korea. South Korea imports Aluminium Ore primarily from: Australia ($16.4M), China ($7.91M), India ($22k), United States ($103), and Netherlands ($77).

The fastest growing import markets in Aluminium Ore for South Korea between 2021 and 2022 were China ($2.94M), United States ($24), and Pakistan ($16).

COMPANIES In 2023, leading companies such as RHI Magnesita (7) were at the forefront of shipping Aluminium Ore from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Aluminium Ore exports accounted up to $0 and imports accounted up to $843k, resulting in a negative trade balance of $843k. Between October 2023 and October 2024 the exports of South Korea's   Aluminium Ore have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-13k (-1.52%) from $856k to $843k.

Destinations In October 2024, Aluminium Ore were exported mostly to China ($0), Netherlands ($0), and Australia ($0), and were imported mostly from China ($834k), Netherlands ($9k), and Australia ($0).

Growth In October 2024, the change in Aluminium Ore's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Aluminium Ore's year-by-year imports was explained primarily by a decrease in imports from China ($-359k or -21.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (October 2023 - October 2024)$-13k(-1.52%)
MAIN DESTINATION (October 2024)China$0

This section shows Aluminium Ore'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 Aluminium Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$50.5k
IMPORTS (2022)$24.4M
NET TRADE (2022)-$24.3M

In 2022, South Korea exported $50.5k in Aluminium Ore. The main destinations of South Korea exports on Aluminium Ore were Indonesia ($50.5k), Thailand ($10), and Canada ($1).

In 2022, South Korea imported $24.4M in Aluminium Ore, mainly from Australia ($16.4M), China ($7.91M), India ($22k), United States ($103), and Netherlands ($77).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aluminium Ore EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Indonesia$35.4k (235%)
Thailand$5 (100%)
Canada$1 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Ore BY South Korea WERE (2021 - 2022):
China-$31.2k (-100%)
Italy-$7.68k (-100%)
Japan-$2.24k (-100%)
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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 Aluminium Ore were:
Guinea $4.65B
Australia $865M
Indonesia $675M
In 2022, South Korea's main importing competitors in Aluminium Ore were:
China $5.44B
India $269M
Spain $224M

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Trade Value of Aluminium Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.04k
TOP IMPORT POTENTIALChina+ $1.25M

Aluminium Ore’s highest export potential is China. With an export gap of $2.04k.   Aluminium Ore’s highest import potential is China with an import gap of $1.25M.

See methodology.

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