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2022
Exports $2.57kWorld Rnk 61 / 79
Flag Rnk 1188 / 1204
2022
Destination $2.57k Vietnam
2021 - 2022
FASTEST GROWING MARKET $2.57kVietnam
2022
PRODUCT COMPLEXITY IN Chromium Ore-2.56Rnk 1021 / 1025
2022
Imports $4.95MWorld Rnk 23 / 111
Flag Rnk 1019 / 1213
2022
Origin $69.7k South Africa
2021 - 2022
FASTEST GROWING ORIGIN $69.7kUnited Kingdom
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.57k in Chromium Ore, making it the 61st largest exporter of Chromium Ore in the world. At the same year, Chromium Ore was the 1188th most exported product in South Korea. The main destination of Chromium Ore exports from South Korea are: Vietnam ($2.57k).

The fastest growing export markets for Chromium Ore of South Korea between 2021 and 2022 were Vietnam ($2.57k).

Imports In 2022, South Korea imported $4.95M in Chromium Ore, becoming the 23rd largest importer of Chromium Ore in the world. At the same year, Chromium Ore was the 1019th most imported product in South Korea. South Korea imports Chromium Ore primarily from: South Africa ($3.07M), China ($1.23M), Pakistan ($466k), United Kingdom ($69.7k), and Germany ($54.6k).

The fastest growing import markets in Chromium Ore for South Korea between 2021 and 2022 were United Kingdom ($69.7k), Belgium ($454), and Philippines ($29).

COMPANIES In 2023, leading companies such as LG Electronics (3) and Electrolux (1) were at the forefront of shipping Chromium Ore from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Chromium Ore exports accounted up to $0 and imports accounted up to $90k, resulting in a negative trade balance of $90k. Between July 2023 and July 2024 the exports of South Korea's   Chromium Ore have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-109k (-54.8%) from $199k to $90k.

Destinations In July 2024, Chromium Ore were exported mostly to South Africa ($0), China ($0), and Turkey ($0), and were imported mostly from China ($59k), South Africa ($18k), and Turkey ($13k).

Growth In July 2024, the change in Chromium Ore's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Chromium Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$-109k(-54.8%)
MAIN DESTINATION (July 2024)South Africa$0

This section shows Chromium 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 Chromium Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.57k
IMPORTS (2022)$4.95M
NET TRADE (2022)-$4.94M

In 2022, South Korea exported $2.57k in Chromium Ore. The main destinations of South Korea exports on Chromium Ore were Vietnam ($2.57k).

In 2022, South Korea imported $4.95M in Chromium Ore, mainly from South Africa ($3.07M), China ($1.23M), Pakistan ($466k), United Kingdom ($69.7k), and Germany ($54.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chromium Ore EXPORT MARKETS FOR South Korea WERE (2021 - 2022):Vietnam$2.57k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chromium Ore BY South Korea WERE (2021 - 2022):
China-$16.7k (-100%)
Japan-$11.5k (-100%)
Chinese Taipei-$1.91k (-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 Chromium Ore were:
South Africa $2.51B
Turkey $342M
Kazakhstan $146M
In 2022, South Korea's main importing competitors in Chromium Ore were:
China $1.8B
Mozambique $916M
Russia $163M

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Trade Value of Chromium Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.09k
TOP IMPORT POTENTIALSouth Africa+ $1.33M

Chromium Ore’s highest export potential is China. With an export gap of $1.09k.   Chromium Ore’s highest import potential is South Africa with an import gap of $1.33M.

See methodology.

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