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2022
Exports $473MWorld Rnk 17 / 144
Flag Rnk 170 / 1204
2022
Destination $9.56M Philippines
2021 - 2022
FASTEST GROWING MARKET $9.56MTurkey
2022
PRODUCT COMPLEXITY IN Copper Wire-0.44Rnk 683 / 1025
2022
Imports $121MWorld Rnk 50 / 204
Flag Rnk 467 / 1213
2022
Origin $9.95M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $9.95MMalaysia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $473M in Copper Wire, making it the 17th largest exporter of Copper Wire in the world. At the same year, Copper Wire was the 170th most exported product in South Korea. The main destination of Copper Wire exports from South Korea are: Philippines ($233M), China ($81.4M), Vietnam ($36.7M), United States ($33M), and Turkey ($18.1M).

The fastest growing export markets for Copper Wire of South Korea between 2021 and 2022 were Turkey ($9.56M), Russia ($588k), and Malta ($278k).

Imports In 2022, South Korea imported $121M in Copper Wire, becoming the 50th largest importer of Copper Wire in the world. At the same year, Copper Wire was the 467th most imported product in South Korea. South Korea imports Copper Wire primarily from: Malaysia ($41M), China ($30.6M), Vietnam ($14.5M), Germany ($13.6M), and United States ($5.25M).

The fastest growing import markets in Copper Wire for South Korea between 2021 and 2022 were Malaysia ($9.95M), China ($3.93M), and Hong Kong ($3.14M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Copper Wire exports accounted up to $63.6M and imports accounted up to $25.6M, resulting in a positive trade balance of $38M. Between July 2023 and July 2024 the exports of South Korea's   Copper Wire have increased by $27.3M (75.5%) from $36.2M to $63.6M, while imports increased by $17M (198%) from $8.6M to $25.6M.

Destinations In July 2024, Copper Wire were exported mostly to Philippines ($24.7M), United States ($20.1M), China ($6.8M), Vietnam ($5.36M), and Mexico ($1.88M), and were imported mostly from China ($21.6M), Vietnam ($1.24M), Germany ($902k), Peru ($773k), and Chinese Taipei ($739k).

Growth In July 2024, the increase in Copper Wire's year-by-year exports was explained primarily by an increase in exports to United States ($5.43M or 267%), Philippines ($4.92M or 37.1%), and Turkey ($840k or 92.7%). In July 2024, the increase in Copper Wire's year-by-year imports was explained primarily by an increase in imports from Malaysia ($1.3M or 52.9%), China ($353k or 13.3%), and United States ($136k or 51.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$27.3M(75.5%)
IMPORT GROWTH (July 2023 - July 2024)$17M(198%)
MAIN DESTINATION (July 2024)Philippines$24.7M

This section shows Copper Wire'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 Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$473M
IMPORTS (2022)$121M
NET TRADE (2022)$351M

In 2022, South Korea exported $473M in Copper Wire. The main destinations of South Korea exports on Copper Wire were Philippines ($233M), China ($81.4M), Vietnam ($36.7M), United States ($33M), and Turkey ($18.1M).

In 2022, South Korea imported $121M in Copper Wire, mainly from Malaysia ($41M), China ($30.6M), Vietnam ($14.5M), Germany ($13.6M), and United States ($5.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Wire EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Turkey$9.56M (112%)
Russia$588k (111%)
Malta$278k (54%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Wire BY South Korea WERE (2021 - 2022):
China-$73.3M (-47.3%)
India-$54.1M (-90.6%)
Philippines-$48.5M (-17.2%)
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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 Wire were:
Germany $3.23B
United Arab Emirates $3.08B
Belgium $1.8B
In 2022, South Korea's main importing competitors in Copper Wire were:
United States $2.21B
Mexico $1.11B
Italy $1.1B

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Trade Value of Copper Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.1M
TOP IMPORT POTENTIALChina+ $7.93M

Copper Wire’s highest export potential is China. With an export gap of $21.1M.   Copper Wire’s highest import potential is China with an import gap of $7.93M.

See methodology.

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