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2022
Exports $428MWorld Rnk 4 / 133
Flag Rnk 177 / 1204
2022
Destination $22.3M China
2021 - 2022
FASTEST GROWING MARKET $22.3MThailand
2022
PRODUCT COMPLEXITY IN Copper Bars0.25Rnk 470 / 1025
2022
Imports $41.1MWorld Rnk 33 / 205
Flag Rnk 712 / 1213
2022
Origin $5.91M Japan
2021 - 2022
FASTEST GROWING ORIGIN $5.91MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $428M in Copper Bars, making it the 4th largest exporter of Copper Bars in the world. At the same year, Copper Bars was the 177th most exported product in South Korea. The main destination of Copper Bars exports from South Korea are: China ($96M), United States ($64.4M), Thailand ($63.9M), Vietnam ($31M), and Singapore ($28M).

The fastest growing export markets for Copper Bars of South Korea between 2021 and 2022 were Thailand ($22.3M), India ($7.65M), and Indonesia ($6.22M).

Imports In 2022, South Korea imported $41.1M in Copper Bars, becoming the 33rd largest importer of Copper Bars in the world. At the same year, Copper Bars was the 712th most imported product in South Korea. South Korea imports Copper Bars primarily from: Japan ($13.5M), Greece ($8.71M), China ($7.9M), United States ($4.39M), and Thailand ($1.62M).

The fastest growing import markets in Copper Bars for South Korea between 2021 and 2022 were China ($5.91M), Greece ($1.63M), and Japan ($1.28M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Copper Bars exports accounted up to $30.8M and imports accounted up to $3.18M, resulting in a positive trade balance of $27.6M. Between July 2023 and July 2024 the exports of South Korea's   Copper Bars have increased by $6.39M (26.2%) from $24.4M to $30.8M, while imports increased by $1.06M (49.9%) from $2.12M to $3.18M.

Destinations In July 2024, Copper Bars were exported mostly to China ($8.16M), United States ($3.32M), India ($3.23M), Chinese Taipei ($2.86M), and Thailand ($2.58M), and were imported mostly from Portugal ($960k), Japan ($653k), United States ($589k), Thailand ($382k), and China ($319k).

Growth In July 2024, the increase in Copper Bars's year-by-year exports was explained primarily by an increase in exports to India ($2.28M or 267%), Italy ($894k or 3.31k%), and South Africa ($684k or 2.21k%). In July 2024, the increase in Copper Bars's year-by-year imports was explained primarily by an increase in imports from Greece ($445k or 81.1%), United States ($245k or 134%), and United Kingdom ($22k or 68.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$6.39M(26.2%)
IMPORT GROWTH (July 2023 - July 2024)$1.06M(49.9%)
MAIN DESTINATION (July 2024)China$8.16M

This section shows Copper Bars'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 Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$428M
IMPORTS (2022)$41.1M
NET TRADE (2022)$387M

In 2022, South Korea exported $428M in Copper Bars. The main destinations of South Korea exports on Copper Bars were China ($96M), United States ($64.4M), Thailand ($63.9M), Vietnam ($31M), and Singapore ($28M).

In 2022, South Korea imported $41.1M in Copper Bars, mainly from Japan ($13.5M), Greece ($8.71M), China ($7.9M), United States ($4.39M), and Thailand ($1.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Bars EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Thailand$22.3M (53.5%)
India$7.65M (66.5%)
Indonesia$6.22M (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Bars BY South Korea WERE (2021 - 2022):
China-$30.1M (-23.9%)
Hong Kong-$16.8M (-86.2%)
Germany-$1.29M (-62.4%)
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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 Copper Bars were:
Germany $1.22B
Italy $700M
France $496M
In 2022, South Korea's main importing competitors in Copper Bars were:
Germany $763M
United States $609M
Italy $547M

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Trade Value of Copper Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.75M
TOP IMPORT POTENTIALChina+ $2.58M

Copper Bars’s highest export potential is China. With an export gap of $6.75M.   Copper Bars’s highest import potential is China with an import gap of $2.58M.

See methodology.

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