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2022
Exports $73.2MWorld Rnk 26 / 170
Flag Rnk 419 / 1204
2022
Destination $2.32M Samoa
2021 - 2022
FASTEST GROWING MARKET $2.32MSaudi Arabia
2022
PRODUCT COMPLEXITY IN Metal Stoppers0.12Rnk 513 / 1025
2022
Imports $51MWorld Rnk 49 / 215
Flag Rnk 666 / 1213
2022
Origin $7.53M China
2021 - 2022
FASTEST GROWING ORIGIN $7.53MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $73.2M in Metal Stoppers, making it the 26th largest exporter of Metal Stoppers in the world. At the same year, Metal Stoppers was the 419th most exported product in South Korea. The main destination of Metal Stoppers exports from South Korea are: Samoa ($13.4M), Philippines ($12.8M), New Zealand ($8.71M), Papua New Guinea ($5.38M), and United States ($5.36M).

The fastest growing export markets for Metal Stoppers of South Korea between 2021 and 2022 were Saudi Arabia ($2.32M), India ($2.15M), and Samoa ($595k).

Imports In 2022, South Korea imported $51M in Metal Stoppers, becoming the 49th largest importer of Metal Stoppers in the world. At the same year, Metal Stoppers was the 666th most imported product in South Korea. South Korea imports Metal Stoppers primarily from: China ($20.5M), India ($8.08M), Hungary ($7.35M), Japan ($5.2M), and United States ($3.56M).

The fastest growing import markets in Metal Stoppers for South Korea between 2021 and 2022 were China ($7.53M), United States ($1.22M), and Hungary ($1.12M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (13), Hyosung (2), and Vestas (2) were at the forefront of shipping Metal Stoppers from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Metal Stoppers exports accounted up to $7.38M and imports accounted up to $6.11M, resulting in a positive trade balance of $1.27M. Between July 2023 and July 2024 the exports of South Korea's   Metal Stoppers have increased by $3.46M (88.3%) from $3.92M to $7.38M, while imports increased by $1.64M (36.6%) from $4.48M to $6.11M.

Destinations In July 2024, Metal Stoppers were exported mostly to Philippines ($1.58M), New Zealand ($1.53M), Samoa ($1.33M), Papua New Guinea ($628k), and United States ($320k), and were imported mostly from China ($1.84M), Hungary ($1.68M), India ($881k), Germany ($617k), and Japan ($445k).

Growth In July 2024, the increase in Metal Stoppers's year-by-year exports was explained primarily by an increase in exports to Samoa ($1.21M or 225%), New Zealand ($425k or 38.6%), and India ($134k or 34.4%). In July 2024, the increase in Metal Stoppers's year-by-year imports was explained primarily by an increase in imports from Germany ($116k or 66.3%), Singapore ($50k or 106%), and United States ($22k or 6.65%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$3.46M(88.3%)
IMPORT GROWTH (July 2023 - July 2024)$1.64M(36.6%)
MAIN DESTINATION (July 2024)Philippines$1.58M

This section shows Metal Stoppers'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 Metal Stoppers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$73.2M
IMPORTS (2022)$51M
NET TRADE (2022)$22.2M

In 2022, South Korea exported $73.2M in Metal Stoppers. The main destinations of South Korea exports on Metal Stoppers were Samoa ($13.4M), Philippines ($12.8M), New Zealand ($8.71M), Papua New Guinea ($5.38M), and United States ($5.36M).

In 2022, South Korea imported $51M in Metal Stoppers, mainly from China ($20.5M), India ($8.08M), Hungary ($7.35M), Japan ($5.2M), and United States ($3.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Stoppers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Saudi Arabia$2.32M (138%)
India$2.15M (950%)
Samoa$595k (4.64%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Stoppers BY South Korea WERE (2021 - 2022):
United States-$5.82M (-52%)
New Zealand-$2.99M (-25.5%)
Peru-$2.97M (-77.2%)
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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 Metal Stoppers were:
China $1.38B
Poland $959M
Italy $857M
In 2022, South Korea's main importing competitors in Metal Stoppers were:
United States $1.16B
France $750M
Germany $628M

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Trade Value of Metal Stoppers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.72M
TOP IMPORT POTENTIALChina+ $7.37M

Metal Stoppers’s highest export potential is United States. With an export gap of $3.72M.   Metal Stoppers’s highest import potential is China with an import gap of $7.37M.

See methodology.

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