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Exports In 2022, South Korea exported $12.9M in Castors of base metal, making it the 15th largest exporter of Castors of base metal in the world. At the same year, Castors of base metal was the 1592nd most exported product in South Korea. The main destination of Castors of base metal exports from South Korea are: United States ($3.75M), Germany ($2.38M), China ($1.57M), Japan ($809k), and Mexico ($429k).

The fastest growing export markets for Castors of base metal of South Korea between 2021 and 2022 were Germany ($515k), United States ($230k), and Philippines ($130k).

Imports In 2022, South Korea imported $27.3M in Castors of base metal, becoming the 12th largest importer of Castors of base metal in the world. At the same year, Castors of base metal was the 1626th most imported product in South Korea. South Korea imports Castors of base metal primarily from: China ($18M), Chinese Taipei ($6.28M), Japan ($1.06M), United States ($781k), and Germany ($617k).

The fastest growing import markets in Castors of base metal for South Korea between 2021 and 2022 were Chinese Taipei ($1.29M), United States ($119k), and France ($95.8k).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Castors of base metal from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Castors of base metal. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.9M
IMPORTS (2022)$27.3M
NET TRADE (2022)-$14.3M

In 2022, South Korea exported $12.9M in Castors of base metal. The main destinations of South Korea exports on Castors of base metal were United States ($3.75M), Germany ($2.38M), China ($1.57M), Japan ($809k), and Mexico ($429k).

In 2022, South Korea imported $27.3M in Castors of base metal, mainly from China ($18M), Chinese Taipei ($6.28M), Japan ($1.06M), United States ($781k), and Germany ($617k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Castors of base metal EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Germany$515k (27.6%)
United States$230k (6.54%)
Philippines$130k (89.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Castors of base metal BY South Korea WERE (2021 - 2022):
Mexico-$340k (-44.2%)
Turkey-$225k (-51.4%)
Japan-$207k (-20.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, South Korea's main exporting competitors in Castors of base metal were:
In 2022, South Korea's main importing competitors in Castors of base metal were:

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Trade Value of Castors of base metal by Exporters

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