Insulated Wire in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $3.74B in Insulated Wire, making it the 11th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 30th most exported product in South Korea. The main destination of Insulated Wire exports from South Korea are: China ($757M), United States ($710M), Vietnam ($317M), Mexico ($234M), and Chinese Taipei ($168M).

The fastest growing export markets for Insulated Wire of South Korea between 2021 and 2022 were United States ($206M), China ($76M), and Vietnam ($66.3M).

Imports In 2022, South Korea imported $3.67B in Insulated Wire, becoming the 10th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 22nd most imported product in South Korea. South Korea imports Insulated Wire primarily from: China ($2.26B), Vietnam ($612M), Philippines ($232M), United States ($140M), and Cambodia ($81.9M).

The fastest growing import markets in Insulated Wire for South Korea between 2021 and 2022 were Vietnam ($186M), China ($144M), and Cambodia ($43.3M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (882), LG ELECTRONICS U.S.A. INC. (356), and TELAMON CORPORATION (90) were at the forefront of shipping Insulated Wire from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Insulated Wire exports accounted up to $396M and imports accounted up to $296M, resulting in a positive trade balance of $100M. Between February 2023 and February 2024 the exports of South Korea's Insulated Wire have increased by $60.3M (18%) from $335M to $396M, while imports decreased by $-30.3M (-9.3%) from $326M to $296M.

Destinations In February 2024, Insulated Wire were exported mostly to Netherlands ($107M), United States ($80.2M), China ($43.1M), Vietnam ($35.7M), and Mexico ($16.4M), and were imported mostly from China ($146M), Vietnam ($77.3M), Philippines ($26.5M), United States ($9.67M), and Cambodia ($9.21M).

Growth In February 2024, the increase in Insulated Wire's year-by-year exports was explained primarily by an increase in exports to United States ($11.6M or 20.8%), Iraq ($5.34M or 1.03k%), and Vietnam ($3.71M or 14.2%). In February 2024, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from China ($-27M or -12.1%), Germany ($-544k or -10.5%), and Malaysia ($-530k or -40.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$60.3M(18%)

IMPORT GROWTH (February 2023 - February 2024)$-30.3M(-9.3%)

MAIN DESTINATION (February 2024)Netherlands$107M

This section shows Insulated 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 Insulated Wire over time.

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