Ores, slag and ash in South Korea 2020 Exports | Imports : $1.02B | $15.6B, World Rnk 31 / 177 Rnk 39 / 96 | World Rnk 3 / 189 Rnk 6 / 96
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $157M | $455M, China | Mexico
2020 ECONOMIC COMPLEXITY of South Korea: 1.88, Rnk 5 / 127
2020 PRODUCT COMPLEXITY IN Ores, slag and ash: -0.21, Rnk 610 / 1029
Exports In 2020, South Korea exported $1.02B in Ores, slag and ash, making it the 31st largest exporter of Ores, slag and ash in the world. At the same year, Ores, slag and ash was the 39th most exported product in South Korea. The main destination of Ores, slag and ash exports from South Korea are: China ($446M), Japan ($160M), Germany ($159M), Singapore ($90.8M), and United States ($63.2M).
The fastest growing export markets for Ores, slag and ash of South Korea between 2019 and 2020 were China ($157M), Germany ($87.6M), and United States ($60.1M).
Imports In 2020, South Korea imported $15.6B 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 ($6.09B), Peru ($1.55B), Chile ($1.53B), Mexico ($1.4B), and Canada ($950M).
The fastest growing import markets in Ores, slag and ash for South Korea between 2019 and 2020 were Mexico ($455M), Australia ($388M), and Panama ($118M).
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%).
November 2022
Overview In November 2022 South Korea's Ores, slag and ash exports accounted up to $104M and imports accounted up to $1.38B, resulting in a negative trade balance of $1.28B. Between November 2021 and November 2022 the exports of South Korea's Ores, slag and ash have decreased by $-16.6M (-13.8%) from $121M to $104M, while imports decreased by $-691M (-33.4%) from $2.07B to $1.38B.
Destinations In November 2022, Ores, slag and ash were exported mostly to China ($92M), Australia ($7.57M), Japan ($2.74M), Vietnam ($1.19M), and Sweden ($199k), and were imported mostly from Australia ($429M), Indonesia ($201M), Canada ($143M), United States ($82.8M), and South Africa ($78.2M).
Growth In November 2022, the decrease in Ores, slag and ash's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-385k or -32.7%), Thailand ($-262k or -100%), and Indonesia ($-43k or -44.8%). In November 2022, the decrease in Ores, slag and ash's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-29.9M or -32%), Bolivia ($-6.41M or -37.6%), and Turkey ($-4M or -82%).
EXPORT GROWTH (November 2021 - November 2022): $-16.6M, (-13.8%)
IMPORT GROWTH (November 2021 - November 2022): $-691M, (-33.4%)
MAIN DESTINATION (November 2022): China, $92M
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 (2020): $1.02B
IMPORTS (2020): $15.6B
NET TRADE (2020): -$14.5B
In 2020, South Korea exported $1.02B in Ores, slag and ash. The main destinations of South Korea exports on Ores, slag and ash were China ($446M), Japan ($160M), Germany ($159M), Singapore ($90.8M), and United States ($63.2M).
In 2020, South Korea imported $15.6B in Ores, slag and ash, mainly from Australia ($6.09B), Peru ($1.55B), Chile ($1.53B), Mexico ($1.4B), and Canada ($950M).
THE FASTEST GROWING Ores, slag and ash EXPORT MARKETS FOR South Korea WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ores, slag and ash BY South Korea WERE (2019 - 2020):
In 2020, South Korea's main exporting competitors in Ores, slag and ash were:
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