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2022
Exports $7.92MWorld Rnk 51 / 109
Flag Rnk 766 / 1204
2022
Destination $3.69M United Arab Emirates
2021 - 2022
FASTEST GROWING MARKET $3.69MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Precious Metal Ore-1.71Rnk 973 / 1025
2022
Imports $783MWorld Rnk 3 / 109
Flag Rnk 142 / 1213
2022
Origin $85.7M Australia
2021 - 2022
FASTEST GROWING ORIGIN $85.7MUruguay
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.92M in Precious Metal Ore, making it the 51st largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 766th most exported product in South Korea. The main destination of Precious Metal Ore exports from South Korea are: United Arab Emirates ($3.69M), China ($3.18M), Japan ($524k), Canada ($359k), and United Kingdom ($157k).

The fastest growing export markets for Precious Metal Ore of South Korea between 2021 and 2022 were United Arab Emirates ($3.69M), China ($1.58M), and Japan ($465k).

Imports In 2022, South Korea imported $783M in Precious Metal Ore, becoming the 3rd largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 142nd most imported product in South Korea. South Korea imports Precious Metal Ore primarily from: Australia ($259M), Bolivia ($213M), Uruguay ($91.7M), Papua New Guinea ($80.9M), and Mexico ($61.8M).

The fastest growing import markets in Precious Metal Ore for South Korea between 2021 and 2022 were Uruguay ($85.7M), Papua New Guinea ($27.6M), and Bolivia ($8.48M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Precious Metal Ore exports accounted up to $0 and imports accounted up to $68.3M, resulting in a negative trade balance of $68.3M. Between July 2023 and July 2024 the exports of South Korea's   Precious Metal Ore have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $33.7M (97.6%) from $34.6M to $68.3M.

Destinations In July 2024, Precious Metal Ore were exported mostly to Turkey ($0), Spain ($0), Canada ($0), Mexico ($0), and United States ($0), and were imported mostly from Papua New Guinea ($21.8M), Argentina ($15.5M), Mexico ($11.1M), Canada ($9.73M), and Peru ($6.09M).

Growth In July 2024, the change in Precious Metal Ore's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Precious Metal Ore's year-by-year imports was explained primarily by an increase in imports from Papua New Guinea ($3.53M or 53.1%), Uruguay ($3.23M or 50.3%), and Mexico ($2.33M or 113%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$33.7M(97.6%)
MAIN DESTINATION (July 2024)Turkey$0

This section shows Precious Metal Ore'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 Precious Metal Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.92M
IMPORTS (2022)$783M
NET TRADE (2022)-$775M

In 2022, South Korea exported $7.92M in Precious Metal Ore. The main destinations of South Korea exports on Precious Metal Ore were United Arab Emirates ($3.69M), China ($3.18M), Japan ($524k), Canada ($359k), and United Kingdom ($157k).

In 2022, South Korea imported $783M in Precious Metal Ore, mainly from Australia ($259M), Bolivia ($213M), Uruguay ($91.7M), Papua New Guinea ($80.9M), and Mexico ($61.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United Arab Emirates$3.69M (1%)
China$1.58M (98.4%)
Japan$465k (793%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY South Korea WERE (2021 - 2022):
Indonesia-$116k (-100%)
Vietnam-$78.5k (-100%)
Finland-$1 (-100%)
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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 Precious Metal Ore were:
South Africa $1.97B
Australia $1.56B
Mexico $1.25B
In 2022, South Korea's main importing competitors in Precious Metal Ore were:
China $5.16B
Germany $2.75B

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.5M
TOP IMPORT POTENTIALPeru+ $9.37M

Precious Metal Ore’s highest export potential is China. With an export gap of $3.5M.   Precious Metal Ore’s highest import potential is Peru with an import gap of $9.37M.

See methodology.

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