Ores, slag and ash in South Korea 2019 Exports | Imports : $654M | $15.2B, World Rnk 37 / 183 Rnk 45 / 96 | World Rnk 3 / 194 Rnk 6 / 96
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $49.6M | $959M, China | Australia
2019 ECONOMIC COMPLEXITY of South Korea: 1.9, Rnk 5 / 147
2019 PRODUCT COMPLEXITY IN Ores, slag and ash: -1.91, Rnk 94 / 96
Exports In 2019, South Korea exported $654M in Ores, slag and ash, making it the 37th largest exporter of Ores, slag and ash in the world. At the same year, Ores, slag and ash was the 45th most exported product in South Korea. The main destination of Ores, slag and ash exports from South Korea are: China ($280M), Japan ($125M), Singapore ($84.3M), Germany ($71.2M), and Mexico ($28.9M).
The fastest growing export markets for Ores, slag and ash of South Korea between 2018 and 2019 were China ($49.6M), Germany ($37.8M), and Singapore ($24.4M).
Imports In 2019, South Korea imported $15.2B 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 6th most imported product in South Korea. South Korea imports Ores, slag and ash primarily from: Australia ($5.69B), Chile ($1.96B), Peru ($1.45B), Mexico ($947M), and Canada ($884M).
The fastest growing import markets in Ores, slag and ash for South Korea between 2018 and 2019 were Australia ($959M), Chile ($258M), and South Africa ($80.5M).
Tariffs In 2018, the average tariff for South Korea in Ores, slag and ash was 0.41%. The countries with the highest import tariffs for Ores, slag and ash were Botswana (Most Favoured Nation duty rate treatement, 0.65%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 0.65%), Cameroon (Most Favoured Nation duty rate treatement, 0.65%), Republic of the Congo (Most Favoured Nation duty rate treatement, 0.65%), and Cape Verde (Most Favoured Nation duty rate treatement, 0.65%).
June 2021
Overview In June 2021 South Korea's Ores, slag and ash exports accounted up to $138M and imports accounted up to $2.18B, resulting in a negative trade balance of $2.05B. Between June 2020 and June 2021 the exports of South Korea's Ores, slag and ash have increased by $111M (416%) from $26.7M to $138M, while imports increased by $1.09B (100%) from $1.09B to $2.18B.
Destinations In June 2021, Ores, slag and ash were exported mostly to China ($112M), Japan ($14M), Australia ($8.14M), Vietnam ($1.3M), and Chinese Taipei ($1.24M), and were imported mostly from Australia ($920M), Brazil ($191M), Canada ($143M), South Africa ($133M), and Mexico ($133M).
Growth In June 2021, the increase in Ores, slag and ash's year-by-year exports was explained primarily by an increase in exports to China ($94.2M or 528%), Japan ($13.3M or 1.82k%), and Australia ($3.34M or 69.6%). In June 2021, the increase in Ores, slag and ash's year-by-year imports was explained primarily by an increase in imports from Australia ($480M or 109%), Brazil ($148M or 345%), and South Africa ($110M or 463%).
EXPORT GROWTH (June 2020 - June 2021): $111M, (416%)
IMPORT GROWTH (June 2020 - June 2021): $1.09B, (100%)
MAIN DESTINATION (June 2021): China, $112M
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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EXPORTS (2019): $654M
IMPORTS (2019): $15.2B
NET TRADE (2019): -$14.5B
In 2019, South Korea exported $654M in Ores, slag and ash. The main destinations of South Korea exports on Ores, slag and ash were China ($280M), Japan ($125M), Singapore ($84.3M), Germany ($71.2M), and Mexico ($28.9M).
In 2019, South Korea imported $15.2B in Ores, slag and ash, mainly from Australia ($5.69B), Chile ($1.96B), Peru ($1.45B), Mexico ($947M), and Canada ($884M).
IN 2019, South Korea HAD A POSITIVE NET TRADE IN Ores, slag and ash WITH:
IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Ores, slag and ash WITH:
THE FASTEST GROWING Ores, slag and ash EXPORT MARKETS FOR South Korea WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ores, slag and ash BY South Korea WERE (2018 - 2019):
In 2019, South Korea's main exporting competitors in Ores, slag and ash were:
In 2018, the average tariff for South Korea in Ores, slag and ash was 0.41%.
The countries with the highest tariffs for Ores, slag and ash in South Korea were Botswana (Most Favoured Nation duty rate treatement, 0.65%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 0.65%), Cameroon (Most Favoured Nation duty rate treatement, 0.65%), Republic of the Congo (Most Favoured Nation duty rate treatement, 0.65%), and Cape Verde (Most Favoured Nation duty rate treatement, 0.65%).