Refined Copper in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $2.62B in Refined Copper, making it the 9th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 46th most exported product in South Korea. The main destination of Refined Copper exports from South Korea are: China ($1.94B), Malaysia ($193M), Vietnam ($186M), Thailand ($174M), and Indonesia ($53.2M).

The fastest growing export markets for Refined Copper of South Korea between 2021 and 2022 were Thailand ($19.3M), Japan ($10.1M), and Singapore ($8.21M).

Imports In 2022, South Korea imported $3.64B in Refined Copper, becoming the 6th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 23rd most imported product in South Korea. South Korea imports Refined Copper primarily from: Chile ($1.9B), Democratic Republic of the Congo ($806M), China ($416M), Australia ($115M), and Japan ($107M).

The fastest growing import markets in Refined Copper for South Korea between 2021 and 2022 were Chile ($27.2M), Democratic Republic of the Congo ($24.4M), and China ($23.3M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Refined Copper from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Refined Copper exports accounted up to $78.1M and imports accounted up to $199M, resulting in a negative trade balance of $121M. Between February 2023 and February 2024 the exports of South Korea's Refined Copper have decreased by $-71.4M (-47.8%) from $149M to $78.1M, while imports increased by $1.33M (0.67%) from $198M to $199M.

Destinations In February 2024, Refined Copper were exported mostly to China ($52.5M), Thailand ($8.68M), Chinese Taipei ($7.96M), Vietnam ($7.45M), and Indonesia ($1.13M), and were imported mostly from Chile ($130M), Democratic Republic of the Congo ($40.6M), Philippines ($13.5M), Japan ($8.57M), and Poland ($3.28M).

Growth In February 2024, the decrease in Refined Copper's year-by-year exports was explained primarily by a decrease in exports to China ($-40.2M or -27.6%), Vietnam ($-38M or -81.5%), and Thailand ($-13.1M or -68.8%). In February 2024, the increase in Refined Copper's year-by-year imports was explained primarily by an increase in imports from Australia ($3.6M or 241%), China ($935k or 168%), and Philippines ($738k or 10.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-71.4M(-47.8%)

IMPORT GROWTH (February 2023 - February 2024)$1.33M(0.67%)

MAIN DESTINATION (February 2024)China$52.5M

This section shows Refined Copper'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 Refined Copper over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download