2023
Exports
$5.92BWorld Rnk 9 / 217
Flag Rnk 15 / 96
2023
PRODUCT COMPLEXITY IN Copper articles
1.35Rnk 69 / 1025
2023
Imports
$5.51BWorld Rnk 7 / 225
Flag Rnk 17 / 96
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $5.92B in Copper articles, making it the 9th largest exporter of Copper articles in the world. At the same year, Copper articles was the 15th most exported product in South Korea. The main destination of Copper articles exports from South Korea are: China ($3.29B), United States ($603M), Malaysia ($268M), Chinese Taipei ($188M), and Japan ($180M).

The fastest growing export markets for Copper articles of South Korea between 2022 and 2023 were India ($49.4M), Hungary ($37.4M), and France ($25.1M).

Imports In 2023, South Korea imported $5.51B in Copper articles, becoming the 7th largest importer of Copper articles in the world. At the same year, Copper articles was the 17th most imported product in South Korea. South Korea imports Copper articles primarily from: Chile ($1.58B), China ($833M), Japan ($623M), United States ($290M), and Australia ($254M).

The fastest growing import markets in Copper articles for South Korea between 2022 and 2023 were Australia ($77.8M), Peru ($75.7M), and China ($43.1M).

COMPANIES In 2024, leading companies such as General Motors (68), Electrolux (5), and LG Electronics (5) were at the forefront of shipping Copper articles from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$177M(45.3%)
IMPORT GROWTH (December 2023 - December 2024)$112M(22.3%)
MAIN DESTINATION (December 2024)China$326M

This section shows Copper 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 Copper articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.92B
IMPORTS (2023)$5.51B
NET TRADE (2023)$408M

In 2023, South Korea exported $5.92B in Copper articles. The main destinations of South Korea exports on Copper articles were China ($3.29B), United States ($603M), Malaysia ($268M), Chinese Taipei ($188M), and Japan ($180M).

In 2023, South Korea imported $5.51B in Copper articles, mainly from Chile ($1.58B), China ($833M), Japan ($623M), United States ($290M), and Australia ($254M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper articles EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$49.4M (61.7%)
Hungary$37.4M (33.1%)
France$25.1M (248%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper articles BY South Korea WERE (2022 - 2023):
China-$490M (-12.9%)
Vietnam-$411M (-100%)
Thailand-$153M (-48.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Copper articles were:
In 2023, South Korea's main importing competitors in Copper articles were:

Explore Visualizations

Trade Value of Copper articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $247M
TOP IMPORT POTENTIALChina+ $93M

Copper articles’s highest export potential is China. With an export gap of $247M.   Copper articles’s highest import potential is China with an import gap of $93M.

See methodology.

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