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2022
Exports $21.9MWorld Rnk 13 / 75
Flag Rnk 634 / 1204
2022
Destination $6.62M China
2021 - 2022
FASTEST GROWING MARKET $6.62MChina
2022
PRODUCT COMPLEXITY IN Nickel Powder-0.1Rnk 583 / 1025
2022
Imports $432MWorld Rnk 2 / 117
Flag Rnk 213 / 1213
2022
Origin $24.7M Australia
2021 - 2022
FASTEST GROWING ORIGIN $24.7MAustralia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $21.9M in Nickel Powder, making it the 13th largest exporter of Nickel Powder in the world. At the same year, Nickel Powder was the 634th most exported product in South Korea. The main destination of Nickel Powder exports from South Korea are: China ($12.9M), Philippines ($3.64M), Japan ($2.17M), Vietnam ($1.35M), and Chinese Taipei ($603k).

The fastest growing export markets for Nickel Powder of South Korea between 2021 and 2022 were China ($6.62M), Philippines ($3.62M), and Malaysia ($576k).

Imports In 2022, South Korea imported $432M in Nickel Powder, becoming the 2nd largest importer of Nickel Powder in the world. At the same year, Nickel Powder was the 213th most imported product in South Korea. South Korea imports Nickel Powder primarily from: Australia ($205M), Japan ($88.8M), China ($73.3M), Canada ($22.3M), and Finland ($22.2M).

The fastest growing import markets in Nickel Powder for South Korea between 2021 and 2022 were Australia ($24.7M), Canada ($9.04M), and Finland ($5.56M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Nickel Powder exports accounted up to $3.18M and imports accounted up to $36.1M, resulting in a negative trade balance of $33M. Between September 2023 and September 2024 the exports of South Korea's   Nickel Powder have increased by $3.04M (2.27k%) from $134k to $3.18M, while imports decreased by $-5.8M (-13.8%) from $41.9M to $36.1M.

Destinations In September 2024, Nickel Powder were exported mostly to China ($2.31M), Malaysia ($688k), Japan ($99k), Chinese Taipei ($37k), and Philippines ($19k), and were imported mostly from Australia ($15.2M), Canada ($9.89M), China ($5.26M), Japan ($4.97M), and Belgium ($229k).

Growth In September 2024, the increase in Nickel Powder's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the decrease in Nickel Powder's year-by-year imports was explained primarily by a decrease in imports from Japan ($-2.11M or -17.9%), Australia ($-1.7M or -15.7%), and Belgium ($-271k or -75.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$3.04M(2.27k%)
IMPORT GROWTH (September 2023 - September 2024)$-5.8M(-13.8%)
MAIN DESTINATION (September 2024)China$2.31M

This section shows Nickel Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$21.9M
IMPORTS (2022)$432M
NET TRADE (2022)-$410M

In 2022, South Korea exported $21.9M in Nickel Powder. The main destinations of South Korea exports on Nickel Powder were China ($12.9M), Philippines ($3.64M), Japan ($2.17M), Vietnam ($1.35M), and Chinese Taipei ($603k).

In 2022, South Korea imported $432M in Nickel Powder, mainly from Australia ($205M), Japan ($88.8M), China ($73.3M), Canada ($22.3M), and Finland ($22.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Powder EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$6.62M (105%)
Philippines$3.62M (16.1k%)
Malaysia$576k (253k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Powder BY South Korea WERE (2021 - 2022):
Japan-$497k (-18.6%)
Turkey-$70.1k (-100%)
Germany-$34.9k (-91%)
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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 Powder were:
Australia $819M
Canada $510M
United Kingdom $237M
In 2022, South Korea's main importing competitors in Nickel Powder were:
China $806M
United States $325M

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Trade Value of Nickel Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.38M
TOP IMPORT POTENTIALUnited Kingdom+ $2.3M

Nickel Powder’s highest export potential is China. With an export gap of $3.38M.   Nickel Powder’s highest import potential is United Kingdom with an import gap of $2.3M.

See methodology.

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