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2023
Exports $141MWorld Rnk 8 / 173
Flag Rnk 302 / 1188
2023
Destination $2.61M United States
2022 - 2023
FASTEST GROWING MARKET $2.61MUnited States
2023
PRODUCT COMPLEXITY IN Copper Pipe Fittings0.95Rnk 191 / 1025
2023
Imports $32.4MWorld Rnk 37 / 222
Flag Rnk 718 / 1208
2023
Origin $1.06M China
2022 - 2023
FASTEST GROWING ORIGIN $1.06MUnited States
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $141M in Copper Pipe Fittings, making it the 8th largest exporter of Copper Pipe Fittings in the world. At the same year, Copper Pipe Fittings was the 302nd most exported product in South Korea. The main destination of Copper Pipe Fittings exports from South Korea are: United States ($93.4M), China ($6.29M), Germany ($5M), Mexico ($4.1M), and Saudi Arabia ($3.06M).

The fastest growing export markets for Copper Pipe Fittings of South Korea between 2022 and 2023 were United States ($2.61M), Saudi Arabia ($1.92M), and United Arab Emirates ($1.3M).

Imports In 2023, South Korea imported $32.4M in Copper Pipe Fittings, becoming the 37th largest importer of Copper Pipe Fittings in the world. At the same year, Copper Pipe Fittings was the 718th most imported product in South Korea. South Korea imports Copper Pipe Fittings primarily from: China ($21.7M), Germany ($3.26M), Singapore ($2.14M), United States ($2.11M), and Japan ($1.37M).

The fastest growing import markets in Copper Pipe Fittings for South Korea between 2022 and 2023 were United States ($1.06M), Thailand ($149k), and Denmark ($104k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Copper Pipe Fittings exports accounted up to $9.85M and imports accounted up to $6.04M, resulting in a positive trade balance of $3.81M. Between December 2023 and December 2024 the exports of South Korea's   Copper Pipe Fittings have decreased by $-2.47M (-20.1%) from $12.3M to $9.85M, while imports increased by $1.76M (41.1%) from $4.28M to $6.04M.

Destinations In December 2024, Copper Pipe Fittings were exported mostly to United States ($6.96M), China ($486k), Italy ($335k), Japan ($282k), and Vietnam ($272k), and were imported mostly from China ($4.1M), Germany ($427k), Singapore ($401k), Vietnam ($373k), and Norway ($172k).

Growth In December 2024, the decrease in Copper Pipe Fittings's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-576k or -96%), Saudi Arabia ($-573k or -93.8%), and Chinese Taipei ($-545k or -71.1%). In December 2024, the increase in Copper Pipe Fittings's year-by-year imports was explained primarily by an increase in imports from China ($321k or 8.29%), Vietnam ($299k or 787%), and Italy ($13k or 92.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-2.47M(-20.1%)
IMPORT GROWTH (December 2023 - December 2024)$1.76M(41.1%)
MAIN DESTINATION (December 2024)United States$6.96M

This section shows Copper Pipe Fittings'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 Pipe Fittings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$141M
IMPORTS (2023)$32.4M
NET TRADE (2023)$108M

In 2023, South Korea exported $141M in Copper Pipe Fittings. The main destinations of South Korea exports on Copper Pipe Fittings were United States ($93.4M), China ($6.29M), Germany ($5M), Mexico ($4.1M), and Saudi Arabia ($3.06M).

In 2023, South Korea imported $32.4M in Copper Pipe Fittings, mainly from China ($21.7M), Germany ($3.26M), Singapore ($2.14M), United States ($2.11M), and Japan ($1.37M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Pipe Fittings EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$2.61M (2.87%)
Saudi Arabia$1.92M (169%)
United Arab Emirates$1.3M (218%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Pipe Fittings BY South Korea WERE (2022 - 2023):
Vietnam-$2.28M (-100%)
Mexico-$1.05M (-20.3%)
Germany-$1.02M (-17%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Copper Pipe Fittings were:
China $1.5B
Germany $931M
Italy $868M
In 2023, South Korea's main importing competitors in Copper Pipe Fittings were:
United States $888M
Germany $560M
France $348M

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Trade Value of Copper Pipe Fittings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.41M
TOP IMPORT POTENTIALChina+ $7.43M

Copper Pipe Fittings’s highest export potential is China. With an export gap of $3.41M.   Copper Pipe Fittings’s highest import potential is China with an import gap of $7.43M.

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