2023
Exports
$58.6MWorld Rnk 11 / 135
Flag Rnk 422 / 1188
2023
PRODUCT COMPLEXITY IN Stranded Copper Wire
-0.2Rnk 615 / 1025
2023
Imports
$2.72MWorld Rnk 64 / 211
Flag Rnk 1052 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $58.6M in Stranded Copper Wire, making it the 11th largest exporter of Stranded Copper Wire in the world. At the same year, Stranded Copper Wire was the 422nd most exported product in South Korea. The main destination of Stranded Copper Wire exports from South Korea are: China ($53.2M), United States ($1.79M), Poland ($1.5M), Saudi Arabia ($823k), and Philippines ($389k).

The fastest growing export markets for Stranded Copper Wire of South Korea between 2022 and 2023 were Poland ($1.49M), United States ($911k), and Saudi Arabia ($299k).

Imports In 2023, South Korea imported $2.72M in Stranded Copper Wire, becoming the 64th largest importer of Stranded Copper Wire in the world. At the same year, Stranded Copper Wire was the 1052nd most imported product in South Korea. South Korea imports Stranded Copper Wire primarily from: Chile ($1.41M), China ($482k), United States ($268k), Hong Kong ($103k), and United Kingdom ($80.7k).

The fastest growing import markets in Stranded Copper Wire for South Korea between 2022 and 2023 were Hong Kong ($97k), Austria ($55.9k), and Poland ($44.3k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.13M(-19.5%)
IMPORT GROWTH (December 2023 - December 2024)$297k(240%)
MAIN DESTINATION (December 2024)China$4.32M

This section shows Stranded Copper Wire'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 Stranded Copper Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$58.6M
IMPORTS (2023)$2.72M
NET TRADE (2023)$55.9M

In 2023, South Korea exported $58.6M in Stranded Copper Wire. The main destinations of South Korea exports on Stranded Copper Wire were China ($53.2M), United States ($1.79M), Poland ($1.5M), Saudi Arabia ($823k), and Philippines ($389k).

In 2023, South Korea imported $2.72M in Stranded Copper Wire, mainly from Chile ($1.41M), China ($482k), United States ($268k), Hong Kong ($103k), and United Kingdom ($80.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stranded Copper Wire EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Poland$1.49M (14.5k%)
United States$911k (104%)
Saudi Arabia$299k (57.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Copper Wire BY South Korea WERE (2022 - 2023):
China-$7.59M (-12.5%)
Vietnam-$1.89M (-100%)
Guam-$606k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Stranded Copper Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $990k
TOP IMPORT POTENTIALChina+ $544k

Stranded Copper Wire’s highest export potential is United States. With an export gap of $990k.   Stranded Copper Wire’s highest import potential is China with an import gap of $544k.

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