2023
Exports
$345MWorld Rnk 68 / 181
Flag Rnk 57 / 96
2023
PRODUCT COMPLEXITY IN Ores, slag and ash
-0.018Rnk 565 / 1025
2023
Imports
$16.3BWorld Rnk 3 / 197
Flag Rnk 7 / 96
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $345M in Ores, slag and ash, making it the 68th largest exporter of Ores, slag and ash in the world. At the same year, Ores, slag and ash was the 57th most exported product in South Korea. The main destination of Ores, slag and ash exports from South Korea are: Japan ($125M), China ($60.7M), Singapore ($40.3M), Germany ($32.6M), and Australia ($13.7M).

The fastest growing export markets for Ores, slag and ash of South Korea between 2022 and 2023 were Belgium ($9.22M), United States ($7.28M), and Malaysia ($3.52M).

Imports In 2018, South Korea imported $16.3B in Ores, slag and ash, becoming the 3rd largest importer of Ores, slag and ash in the world. At the same year, Ores, slag and ash was the 7th most imported product in South Korea. South Korea imports Ores, slag and ash primarily from: Australia ($6.7B), Chile ($1.67B), Peru ($1.39B), Indonesia ($1.26B), and Canada ($1.11B).

The fastest growing import markets in Ores, slag and ash for South Korea between 2022 and 2023 were China ($375M), Peru ($269M), and Serbia ($78.2M).

COMPANIES In 2024, leading companies such as General Motors (288), Nexen Tire (91), and Wismettac Asian Foods (34) were at the forefront of shipping Ores, slag and ash from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-114M(-60.3%)
IMPORT GROWTH (December 2023 - December 2024)$-69.2M(-4.27%)
MAIN DESTINATION (December 2024)China$46M

This section shows Ores, slag and ash'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 Ores, slag and ash over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$345M
IMPORTS (2023)$16.3B
NET TRADE (2023)-$15.9B

In 2023, South Korea exported $345M in Ores, slag and ash. The main destinations of South Korea exports on Ores, slag and ash were Japan ($125M), China ($60.7M), Singapore ($40.3M), Germany ($32.6M), and Australia ($13.7M).

In 2023, South Korea imported $16.3B in Ores, slag and ash, mainly from Australia ($6.7B), Chile ($1.67B), Peru ($1.39B), Indonesia ($1.26B), and Canada ($1.11B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ores, slag and ash EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Belgium$9.22M (613%)
United States$7.28M (407%)
Malaysia$3.52M (80.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ores, slag and ash BY South Korea WERE (2022 - 2023):
China-$1.58B (-96.3%)
Singapore-$43M (-51.6%)
Japan-$31.3M (-20%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Ores, slag and ash were:
Brazil $38.7B
Chile $28.6B
In 2023, South Korea's main importing competitors in Ores, slag and ash were:
China $209B
Japan $25.4B

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Trade Value of Ores, slag and ash by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $207M
TOP IMPORT POTENTIALBrazil+ $62.2M

Ores, slag and ash’s highest export potential is China. With an export gap of $207M.   Ores, slag and ash’s highest import potential is Brazil with an import gap of $62.2M.

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