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Exports In 2022, South Korea exported $4.44M in Niobium, tantalum and vanadium ores and concentrates, making it the 18th largest exporter of Niobium, tantalum and vanadium ores and concentrates in the world. At the same year, Niobium, tantalum and vanadium ores and concentrates was the 2221st most exported product in South Korea. The main destination of Niobium, tantalum and vanadium ores and concentrates exports from South Korea are: Vietnam ($3.31M), Thailand ($984k), Cambodia ($130k), India ($19.4k), and Netherlands ($294).

The fastest growing export markets for Niobium, tantalum and vanadium ores and concentrates of South Korea between 2021 and 2022 were Thailand ($53.7k), Netherlands ($114), and Canada ($57).

Imports In 2022, South Korea imported $236k in Niobium, tantalum and vanadium ores and concentrates, becoming the 28th largest importer of Niobium, tantalum and vanadium ores and concentrates in the world. At the same year, Niobium, tantalum and vanadium ores and concentrates was the 4177th most imported product in South Korea. South Korea imports Niobium, tantalum and vanadium ores and concentrates primarily from: Canada ($159k), China ($76.4k), Germany ($898), Brazil ($129), and Vietnam ($20).

The fastest growing import markets in Niobium, tantalum and vanadium ores and concentrates for South Korea between 2021 and 2022 were Canada ($159k), China ($49.1k), and Germany ($898).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Niobium, tantalum and vanadium ores and concentrates from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Niobium, tantalum and vanadium ores and concentrates. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.44M
IMPORTS (2022)$236k
NET TRADE (2022)$4.21M

In 2022, South Korea exported $4.44M in Niobium, tantalum and vanadium ores and concentrates. The main destinations of South Korea exports on Niobium, tantalum and vanadium ores and concentrates were Vietnam ($3.31M), Thailand ($984k), Cambodia ($130k), India ($19.4k), and Netherlands ($294).

In 2022, South Korea imported $236k in Niobium, tantalum and vanadium ores and concentrates, mainly from Canada ($159k), China ($76.4k), Germany ($898), Brazil ($129), and Vietnam ($20).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Niobium, tantalum and vanadium ores and concentrates EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Thailand$53.7k (5.77%)
Netherlands$114 (63.3%)
Canada$57 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Niobium, tantalum and vanadium ores and concentrates BY South Korea WERE (2021 - 2022):
Vietnam-$1.75M (-34.5%)
Cambodia-$507k (-79.6%)
Malaysia-$181k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, South Korea's main exporting competitors in Niobium, tantalum and vanadium ores and concentrates were:
In 2022, South Korea's main importing competitors in Niobium, tantalum and vanadium ores and concentrates were:

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Trade Value of Niobium, tantalum and vanadium ores and concentrates by Exporters

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