Copper Ore in South Korea 2021 Exports | Imports : $1.14B | $5.62B, World Rnk 14 / 103 Rnk 89 / 1206 | World Rnk 3 / 103 Rnk 13 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $740M | $500M, China | Indonesia
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Copper Ore: -1.97, Rnk 993 / 1024
Exports In 2021, South Korea exported $1.14B in Copper Ore, making it the 14th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 89th most exported product in South Korea. The main destination of Copper Ore exports from South Korea are: China ($1.13B), Japan ($13.2M), Cambodia ($157k), Thailand ($57.3k), and Indonesia ($28.1k).
The fastest growing export markets for Copper Ore of South Korea between 2020 and 2021 were China ($740M), Japan ($13.2M), and Netherlands ($21.7k).
Imports In 2021, South Korea imported $5.62B in Copper Ore, becoming the 3rd largest importer of Copper Ore in the world. At the same year, Copper Ore was the 13th most imported product in South Korea. South Korea imports Copper Ore primarily from: Peru ($1.11B), Australia ($1.06B), Chile ($1.03B), Indonesia ($759M), and Canada ($734M).
The fastest growing import markets in Copper Ore for South Korea between 2020 and 2021 were Indonesia ($500M), Australia ($400M), and Panama ($203M).
June 2023
Overview In June 2023 South Korea's Copper Ore exports accounted up to $171M and imports accounted up to $603M, resulting in a negative trade balance of $432M. Between June 2022 and June 2023 the exports of South Korea's Copper Ore have increased by $38.3M (28.9%) from $133M to $171M, while imports increased by $83.5M (16.1%) from $520M to $603M.
Destinations In June 2023, Copper Ore were exported mostly to China ($171M), Chinese Taipei ($3k), Namibia ($0), South Africa ($0), and United Arab Emirates ($0), and were imported mostly from Chile ($203M), Indonesia ($133M), Australia ($101M), Peru ($45.8M), and Canada ($29M).
Growth In June 2023, the increase in Copper Ore's year-by-year exports was explained primarily by an increase in exports to China ($98.1M or 243%). In June 2023, the increase in Copper Ore's year-by-year imports was explained primarily by an increase in imports from Indonesia ($96.7M or 149%), Chile ($62M or 60.7%), and Philippines ($40.8M or 60k%).
EXPORT GROWTH (June 2022 - June 2023): $38.3M, (28.9%)
IMPORT GROWTH (June 2022 - June 2023): $83.5M, (16.1%)
MAIN DESTINATION (June 2023): China, $171M
This section shows Copper 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 Copper Ore over time.
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EXPORTS (2021): $1.14B
IMPORTS (2021): $5.62B
NET TRADE (2021): -$4.48B
In 2021, South Korea exported $1.14B in Copper Ore. The main destinations of South Korea exports on Copper Ore were China ($1.13B), Japan ($13.2M), Cambodia ($157k), Thailand ($57.3k), and Indonesia ($28.1k).
In 2021, South Korea imported $5.62B in Copper Ore, mainly from Peru ($1.11B), Australia ($1.06B), Chile ($1.03B), Indonesia ($759M), and Canada ($734M).
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Copper Ore were:
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