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2023
Exports $241kWorld Rnk 37 / 64
Flag Rnk 1044 / 1188
2023
Destination $186k Germany
2022 - 2023
FASTEST GROWING MARKET $186kGermany
2023
PRODUCT COMPLEXITY IN Nickel Ore-1.64Rnk 964 / 1025
2023
Imports $10.4MWorld Rnk 11 / 78
Flag Rnk 892 / 1208
2023
Origin $519k Guatemala
2022 - 2023
FASTEST GROWING ORIGIN $519kGermany
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $241k in Nickel Ore, making it the 37th largest exporter of Nickel Ore in the world. At the same year, Nickel Ore was the 1044th most exported product in South Korea. The main destination of Nickel Ore exports from South Korea are: Germany ($186k) and Netherlands ($54.8k).

The fastest growing export markets for Nickel Ore of South Korea between 2022 and 2023 were Germany ($186k) and Netherlands ($54.1k).

Imports In 2023, South Korea imported $10.4M in Nickel Ore, becoming the 11th largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 892nd most imported product in South Korea. South Korea imports Nickel Ore primarily from: Guatemala ($5.58M), Philippines ($4.29M), Germany ($519k), South Africa ($29k), and Tanzania ($9.79k).

The fastest growing import markets in Nickel Ore for South Korea between 2022 and 2023 were Germany ($519k), South Africa ($29k), and Tanzania ($9.55k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Nickel Ore exports accounted up to $72k and imports accounted up to $13.3M, resulting in a negative trade balance of $13.2M. Between December 2023 and December 2024 the exports of South Korea's   Nickel Ore have decreased by $-112k (-60.9%) from $184k to $72k, while imports decreased by $-10.6M (-44.4%) from $23.9M to $13.3M.

Destinations In December 2024, Nickel Ore were exported mostly to Japan ($70k), United States ($2k), China ($0), Philippines ($0), and France ($0), and were imported mostly from New Caledonia ($13.3M), China ($0), Japan ($0), Philippines ($0), and France ($0).

Growth In December 2024, the decrease in Nickel Ore's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Nickel Ore's year-by-year imports was explained primarily by a decrease in imports from Philippines ($-10.2M or -99.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-112k(-60.9%)
IMPORT GROWTH (December 2023 - December 2024)$-10.6M(-44.4%)
MAIN DESTINATION (December 2024)Japan$70k

This section shows Nickel Ore'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 Nickel Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$241k
IMPORTS (2023)$10.4M
NET TRADE (2023)-$10.2M

In 2023, South Korea exported $241k in Nickel Ore. The main destinations of South Korea exports on Nickel Ore were Germany ($186k) and Netherlands ($54.8k).

In 2023, South Korea imported $10.4M in Nickel Ore, mainly from Guatemala ($5.58M), Philippines ($4.29M), Germany ($519k), South Africa ($29k), and Tanzania ($9.79k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nickel Ore EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Germany$186k (1%)
Netherlands$54.1k (8.28k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Ore BY South Korea WERE (2022 - 2023):
China-$143k (-100%)
Japan-$63.6k (-100%)
Belgium-$2.86k (-100%)
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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 Nickel Ore were:
Philippines $2.01B
New Caledonia $408M
Australia $398M
In 2023, South Korea's main importing competitors in Nickel Ore were:
China $3.3B
Canada $889M
Finland $232M

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Trade Value of Nickel Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $268k
TOP IMPORT POTENTIALPhilippines+ $3.58M

Nickel Ore’s highest export potential is China. With an export gap of $268k.   Nickel Ore’s highest import potential is Philippines with an import gap of $3.58M.

See methodology.

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