2023
Exports
$1.81BWorld Rnk 14 / 147
Flag Rnk 55 / 1188
2023
PRODUCT COMPLEXITY IN Refined Copper
-1.41Rnk 931 / 1025
2023
Imports
$2.14BWorld Rnk 10 / 184
Flag Rnk 40 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

The fastest growing export markets for Refined Copper of South Korea between 2022 and 2023 were Singapore ($25.6M), Saudi Arabia ($2.63M), and Portugal ($1.21M).

Imports In 2023, South Korea imported $2.14B in Refined Copper, becoming the 10th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 40th most imported product in South Korea. South Korea imports Refined Copper primarily from: Chile ($1.25B), China ($294M), Australia ($176M), Japan ($116M), and Peru ($104M).

The fastest growing import markets in Refined Copper for South Korea between 2022 and 2023 were China ($253M), Peru ($76.1M), and Australia ($74.3M).

COMPANIES In 2024, leading companies such as Hankook Tires (2) were at the forefront of shipping Refined Copper from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$86.9M(73.4%)
IMPORT GROWTH (December 2023 - December 2024)$35.4M(23.9%)
MAIN DESTINATION (December 2024)China$182M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.81B
IMPORTS (2023)$2.14B
NET TRADE (2023)-$328M

In 2023, South Korea imported $2.14B in Refined Copper, mainly from Chile ($1.25B), China ($294M), Australia ($176M), Japan ($116M), and Peru ($104M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Singapore$25.6M (908%)
Saudi Arabia$2.63M (119k%)
Portugal$1.21M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY South Korea WERE (2022 - 2023):
China-$428M (-21.6%)
Vietnam-$200M (-100%)
Thailand-$115M (-65.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Refined Copper were:
In 2023, South Korea's main importing competitors in Refined Copper were:

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $176M
TOP IMPORT POTENTIALJapan+ $51.9M

Refined Copper’s highest export potential is China. With an export gap of $176M.   Refined Copper’s highest import potential is Japan with an import gap of $51.9M.

See methodology.

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