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2022
Exports $7.18MWorld Rnk 19 / 98
Flag Rnk 777 / 1204
2022
Destination $579k India
2021 - 2022
FASTEST GROWING MARKET $579kTurkey
2022
PRODUCT COMPLEXITY IN Nickel Pipes0.96Rnk 188 / 1025
2022
Imports $40.9MWorld Rnk 9 / 180
Flag Rnk 713 / 1213
2022
Origin $6.71M United States
2021 - 2022
FASTEST GROWING ORIGIN $6.71MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.18M in Nickel Pipes, making it the 19th largest exporter of Nickel Pipes in the world. At the same year, Nickel Pipes was the 777th most exported product in South Korea. The main destination of Nickel Pipes exports from South Korea are: India ($1.31M), Vietnam ($859k), Saudi Arabia ($584k), Turkey ($583k), and United Arab Emirates ($570k).

The fastest growing export markets for Nickel Pipes of South Korea between 2021 and 2022 were Turkey ($579k), India ($449k), and Vietnam ($325k).

Imports In 2022, South Korea imported $40.9M in Nickel Pipes, becoming the 9th largest importer of Nickel Pipes in the world. At the same year, Nickel Pipes was the 713th most imported product in South Korea. South Korea imports Nickel Pipes primarily from: United States ($11.1M), China ($10.4M), Japan ($9.16M), United Kingdom ($4.81M), and France ($918k).

The fastest growing import markets in Nickel Pipes for South Korea between 2021 and 2022 were China ($6.71M), United States ($3.35M), and France ($746k).

COMPANIES In 2023, leading companies such as Victaulic (131), LG Electronics (36), and General Motors (7) were at the forefront of shipping Nickel Pipes from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Nickel Pipes exports accounted up to $789k and imports accounted up to $1.86M, resulting in a negative trade balance of $1.07M. Between October 2023 and October 2024 the exports of South Korea's   Nickel Pipes have decreased by $-12k (-1.5%) from $801k to $789k, while imports decreased by $-1.98M (-51.6%) from $3.84M to $1.86M.

Destinations In October 2024, Nickel Pipes were exported mostly to United States ($205k), United Arab Emirates ($171k), Malaysia ($111k), Indonesia ($83k), and Chinese Taipei ($63k), and were imported mostly from Japan ($587k), China ($543k), United States ($511k), United Kingdom ($114k), and Italy ($87k).

Growth In October 2024, the decrease in Nickel Pipes's year-by-year exports was explained primarily by a decrease in exports to Qatar ($-10k or -40%), India ($-6k or -85.7%), and China ($-4k or -100%). In October 2024, the decrease in Nickel Pipes's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.88M or -89.3%), United States ($-517k or -27%), and Italy ($-223k or -91%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-12k(-1.5%)
IMPORT GROWTH (October 2023 - October 2024)$-1.98M(-51.6%)
MAIN DESTINATION (October 2024)United States$205k

This section shows Nickel Pipes'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 Pipes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.18M
IMPORTS (2022)$40.9M
NET TRADE (2022)-$33.7M

In 2022, South Korea exported $7.18M in Nickel Pipes. The main destinations of South Korea exports on Nickel Pipes were India ($1.31M), Vietnam ($859k), Saudi Arabia ($584k), Turkey ($583k), and United Arab Emirates ($570k).

In 2022, South Korea imported $40.9M in Nickel Pipes, mainly from United States ($11.1M), China ($10.4M), Japan ($9.16M), United Kingdom ($4.81M), and France ($918k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Pipes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Turkey$579k (13.4k%)
India$449k (52.1%)
Vietnam$325k (61%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Pipes BY South Korea WERE (2021 - 2022):
China-$1.4M (-95.5%)
Indonesia-$1.31M (-71%)
Singapore-$583k (-81.8%)
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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 Nickel Pipes were:
United States $221M
Germany $190M
Italy $114M
In 2022, South Korea's main importing competitors in Nickel Pipes were:
United States $241M
China $92.4M
Germany $70.5M

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Trade Value of Nickel Pipes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $472k
TOP IMPORT POTENTIALIndia+ $510k

Nickel Pipes’s highest export potential is United States. With an export gap of $472k.   Nickel Pipes’s highest import potential is India with an import gap of $510k.

See methodology.

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