2022
Exports
$2.2BWorld Rnk 27 / 181
Flag Rnk 23 / 96
2022
PRODUCT COMPLEXITY IN Ores, slag and ash
0.0043Rnk 546 / 1025
2022
Imports
$20.7BWorld Rnk 3 / 198
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.2B in Ores, slag and ash, making it the 27th largest exporter of Ores, slag and ash in the world. At the same year, Ores, slag and ash was the 23rd most exported product in South Korea. The main destination of Ores, slag and ash exports from South Korea are: China ($1.63B), Japan ($169M), Singapore ($148M), Germany ($121M), and Australia ($29.9M).

The fastest growing export markets for Ores, slag and ash of South Korea between 2021 and 2022 were China ($447M), Germany ($43.3M), and France ($11.5M).

Imports In 2022, South Korea imported $20.7B 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 5th most imported product in South Korea. South Korea imports Ores, slag and ash primarily from: Australia ($7.48B), Canada ($1.54B), Indonesia ($1.5B), Chile ($1.49B), and Mexico ($1.41B).

The fastest growing import markets in Ores, slag and ash for South Korea between 2021 and 2022 were Indonesia ($732M), Montenegro ($273M), and Philippines ($199M).

COMPANIES In 2023, leading companies such as General Motors (141), Yokohama Industries (65), and Nexen Tire (60) were at the forefront of shipping Ores, slag and ash from South Korea to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-126M(-66.6%)
IMPORT GROWTH (August 2023 - August 2024)$-249M(-14.5%)
MAIN DESTINATION (August 2024)China$41.1M

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 (2022)$2.2B
IMPORTS (2022)$20.7B
NET TRADE (2022)-$18.5B

In 2022, South Korea exported $2.2B in Ores, slag and ash. The main destinations of South Korea exports on Ores, slag and ash were China ($1.63B), Japan ($169M), Singapore ($148M), Germany ($121M), and Australia ($29.9M).

In 2022, South Korea imported $20.7B in Ores, slag and ash, mainly from Australia ($7.48B), Canada ($1.54B), Indonesia ($1.5B), Chile ($1.49B), and Mexico ($1.41B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ores, slag and ash EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$447M (37.9%)
Germany$43.3M (55.5%)
France$11.5M (44.1M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ores, slag and ash BY South Korea WERE (2021 - 2022):
Japan-$44.9M (-21%)
United States-$27.5M (-66.6%)
Chinese Taipei-$16.4M (-78.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Ores, slag and ash were:
In 2022, South Korea's main importing competitors in Ores, slag and ash were:
China $184B
Japan $30.8B

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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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