2022
Exports
$473MWorld Rnk 17 / 144
Flag Rnk 170 / 1204
2022
PRODUCT COMPLEXITY IN Copper Wire
-0.44Rnk 683 / 1025
2022
Imports
$121MWorld Rnk 50 / 204
Flag Rnk 467 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 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

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-4.82M(-10.4%)
IMPORT GROWTH (October 2023 - October 2024)$-998k(-5.11%)
MAIN DESTINATION (October 2024)Philippines$18.5M

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%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Copper Wire were:
In 2022, South Korea's main importing competitors in Copper Wire were:

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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.

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