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2023
Exports $1.46MWorld Rnk 10 / 70
Flag Rnk 916 / 1188
2023
Destination $1.97k Chinese Taipei
2022 - 2023
FASTEST GROWING MARKET $1.97kSingapore
2023
Imports $6.38MWorld Rnk 5 / 118
Flag Rnk 962 / 1208
2023
Origin $2.92M United States
2022 - 2023
FASTEST GROWING ORIGIN $2.92MUnited States
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.46M in Silver Clad Metals, making it the 10th largest exporter of Silver Clad Metals in the world. At the same year, Silver Clad Metals was the 916th most exported product in South Korea. The main destination of Silver Clad Metals exports from South Korea are: Chinese Taipei ($799k), China ($629k), Chile ($18.6k), Italy ($4.65k), and Indonesia ($3.7k).

The fastest growing export markets for Silver Clad Metals of South Korea between 2022 and 2023 were Singapore ($1.97k) and Chile ($171).

Imports In 2023, South Korea imported $6.38M in Silver Clad Metals, becoming the 5th largest importer of Silver Clad Metals in the world. At the same year, Silver Clad Metals was the 962nd most imported product in South Korea. South Korea imports Silver Clad Metals primarily from: United States ($3.45M), Japan ($2.6M), Germany ($274k), China ($40k), and Chinese Taipei ($14.7k).

The fastest growing import markets in Silver Clad Metals for South Korea between 2022 and 2023 were United States ($2.92M), China ($38.1k), and Chinese Taipei ($14.7k).

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Silver Clad Metals exports accounted up to $208k and imports accounted up to $226k, resulting in a negative trade balance of $18k. Between January 2024 and January 2025 the exports of South Korea's   Silver Clad Metals have decreased by $-39k (-15.8%) from $247k to $208k, while imports decreased by $-93k (-29.2%) from $319k to $226k.

Destinations In January 2025, Silver Clad Metals were exported mostly to China ($158k), Romania ($45k), Hong Kong ($5k), Japan ($0), and Germany ($0), and were imported mostly from Japan ($181k), Germany ($41k), United States ($4k), China ($0), and Hong Kong ($0).

Growth In January 2025, the decrease in Silver Clad Metals's year-by-year exports was explained primarily by a decrease in exports to . In January 2025, the decrease in Silver Clad Metals's year-by-year imports was explained primarily by a decrease in imports from China ($-4k or -80%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-39k(-15.8%)
IMPORT GROWTH (January 2024 - January 2025)$-93k(-29.2%)
MAIN DESTINATION (January 2025)China$158k

This section shows Silver Clad Metals'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 Silver Clad Metals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.46M
IMPORTS (2023)$6.38M
NET TRADE (2023)-$4.92M

In 2023, South Korea exported $1.46M in Silver Clad Metals. The main destinations of South Korea exports on Silver Clad Metals were Chinese Taipei ($799k), China ($629k), Chile ($18.6k), Italy ($4.65k), and Indonesia ($3.7k).

In 2023, South Korea imported $6.38M in Silver Clad Metals, mainly from United States ($3.45M), Japan ($2.6M), Germany ($274k), China ($40k), and Chinese Taipei ($14.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver Clad Metals EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Singapore$1.97k (1%)
Chile$171 (0.93%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver Clad Metals BY South Korea WERE (2022 - 2023):
China-$749k (-54.3%)
Hong Kong-$483k (-100%)
Romania-$310k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Silver Clad Metals were:
Germany $35.8M
Japan $28.4M
United States $16M
In 2023, South Korea's main importing competitors in Silver Clad Metals were:
China $15M
Chinese Taipei $10.3M
Italy $8.38M

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Trade Value of Silver Clad Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $43.1k
TOP IMPORT POTENTIALGermany+ $148k

Silver Clad Metals’s highest export potential is Vietnam. With an export gap of $43.1k.   Silver Clad Metals’s highest import potential is Germany with an import gap of $148k.

See methodology.

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