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2022
Exports $22.6MWorld Rnk 11 / 136
Flag Rnk 627 / 1204
2022
Destination $1.42M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $1.42MPhilippines
2022
PRODUCT COMPLEXITY IN Other Copper Products0.88Rnk 214 / 1025
2022
Imports $30.8MWorld Rnk 8 / 199
Flag Rnk 763 / 1213
2022
Origin $2.24M China
2021 - 2022
FASTEST GROWING ORIGIN $2.24MChinese Taipei
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $22.6M in Other Copper Products, making it the 11th largest exporter of Other Copper Products in the world. At the same year, Other Copper Products was the 627th most exported product in South Korea. The main destination of Other Copper Products exports from South Korea are: Chinese Taipei ($15.8M), Philippines ($1.88M), China ($1.2M), Mexico ($989k), and United States ($783k).

The fastest growing export markets for Other Copper Products of South Korea between 2021 and 2022 were Philippines ($1.42M), Ecuador ($68.4k), and Argentina ($14.3k).

Imports In 2022, South Korea imported $30.8M in Other Copper Products, becoming the 8th largest importer of Other Copper Products in the world. At the same year, Other Copper Products was the 763rd most imported product in South Korea. South Korea imports Other Copper Products primarily from: China ($19.8M), Japan ($4.06M), Chinese Taipei ($3.39M), Slovenia ($2.4M), and Finland ($411k).

The fastest growing import markets in Other Copper Products for South Korea between 2021 and 2022 were Chinese Taipei ($2.24M), Ireland ($1.47k), and Sri Lanka ($120).

COMPANIES In 2023, leading companies such as Michael Kors (2) and Hankook Tires (1) were at the forefront of shipping Other Copper Products from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Copper Products exports accounted up to $17.4M and imports accounted up to $15.1M, resulting in a positive trade balance of $2.34M. Between July 2023 and July 2024 the exports of South Korea's   Other Copper Products have increased by $2.89M (19.9%) from $14.5M to $17.4M, while imports increased by $6.47M (75.5%) from $8.58M to $15.1M.

Destinations In July 2024, Other Copper Products were exported mostly to China ($5.86M), Colombia ($1.95M), Switzerland ($1.63M), Chile ($1.16M), and Netherlands ($1.01M), and were imported mostly from China ($4.64M), Japan ($4.42M), United States ($3.51M), Thailand ($978k), and Sweden ($354k).

Growth In July 2024, the increase in Other Copper Products's year-by-year exports was explained primarily by an increase in exports to France ($5.29M or 24.1k%), Netherlands ($1.1M or 110k%), and Chinese Taipei ($478k or 163%). In July 2024, the increase in Other Copper Products's year-by-year imports was explained primarily by an increase in imports from United States ($589k or 38.3%), Switzerland ($211k or 254%), and Malaysia ($173k or 3.46k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.89M(19.9%)
IMPORT GROWTH (July 2023 - July 2024)$6.47M(75.5%)
MAIN DESTINATION (July 2024)China$5.86M

This section shows Other Copper Products'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 Other Copper Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.6M
IMPORTS (2022)$30.8M
NET TRADE (2022)-$8.21M

In 2022, South Korea exported $22.6M in Other Copper Products. The main destinations of South Korea exports on Other Copper Products were Chinese Taipei ($15.8M), Philippines ($1.88M), China ($1.2M), Mexico ($989k), and United States ($783k).

In 2022, South Korea imported $30.8M in Other Copper Products, mainly from China ($19.8M), Japan ($4.06M), Chinese Taipei ($3.39M), Slovenia ($2.4M), and Finland ($411k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Copper Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$1.42M (309%)
Ecuador$68.4k (18.5k%)
Argentina$14.3k (71.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Copper Products BY South Korea WERE (2021 - 2022):
China-$49.4M (-97.6%)
Chile-$23M (-100%)
Vietnam-$20.4M (-96.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Other Copper Products were:
Chinese Taipei $214M
China $172M
Japan $157M
In 2022, South Korea's main importing competitors in Other Copper Products were:
Chinese Taipei $231M
United States $143M
Germany $62.3M

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Trade Value of Other Copper Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.95M
TOP IMPORT POTENTIALGermany+ $2.61M

Other Copper Products’s highest export potential is United States. With an export gap of $3.95M.   Other Copper Products’s highest import potential is Germany with an import gap of $2.61M.

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