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2022
Exports $19MWorld Rnk 22 / 79
Flag Rnk 654 / 1204
2022
Destination $356k China
2021 - 2022
FASTEST GROWING MARKET $356kMalaysia
2022
PRODUCT COMPLEXITY IN Titanium Ore-1.88Rnk 987 / 1025
2022
Imports $54MWorld Rnk 15 / 93
Flag Rnk 651 / 1213
2022
Origin $6.84M Kenya
2021 - 2022
FASTEST GROWING ORIGIN $6.84MKenya
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $19M in Titanium Ore, making it the 22nd largest exporter of Titanium Ore in the world. At the same year, Titanium Ore was the 654th most exported product in South Korea. The main destination of Titanium Ore exports from South Korea are: China ($18.2M) and Malaysia ($870k).

The fastest growing export markets for Titanium Ore of South Korea between 2021 and 2022 were Malaysia ($356k).

Imports In 2022, South Korea imported $54M in Titanium Ore, becoming the 15th largest importer of Titanium Ore in the world. At the same year, Titanium Ore was the 651st most imported product in South Korea. South Korea imports Titanium Ore primarily from: Kenya ($12M), Vietnam ($8.63M), Norway ($7.71M), India ($6.36M), and Senegal ($5.63M).

The fastest growing import markets in Titanium Ore for South Korea between 2021 and 2022 were Kenya ($6.84M), Senegal ($2.05M), and Malaysia ($1.65M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Titanium Ore exports accounted up to $705k and imports accounted up to $2.83M, resulting in a negative trade balance of $2.12M. Between July 2023 and July 2024 the exports of South Korea's   Titanium Ore have decreased by $-642k (-47.7%) from $1.35M to $705k, while imports increased by $899k (46.7%) from $1.93M to $2.83M.

Destinations In July 2024, Titanium Ore were exported mostly to China ($705k), Kenya ($0), Senegal ($0), Sierra Leone ($0), and South Africa ($0), and were imported mostly from China ($1.07M), Kenya ($570k), South Africa ($360k), Australia ($331k), and Senegal ($281k).

Growth In July 2024, the decrease in Titanium Ore's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Titanium Ore's year-by-year imports was explained primarily by an increase in imports from Kenya ($606k or 309%) and China ($2k or 4.55%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-642k(-47.7%)
IMPORT GROWTH (July 2023 - July 2024)$899k(46.7%)
MAIN DESTINATION (July 2024)China$705k

This section shows Titanium 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 Titanium Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19M
IMPORTS (2022)$54M
NET TRADE (2022)-$34.9M

In 2022, South Korea exported $19M in Titanium Ore. The main destinations of South Korea exports on Titanium Ore were China ($18.2M) and Malaysia ($870k).

In 2022, South Korea imported $54M in Titanium Ore, mainly from Kenya ($12M), Vietnam ($8.63M), Norway ($7.71M), India ($6.36M), and Senegal ($5.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Titanium Ore EXPORT MARKETS FOR South Korea WERE (2021 - 2022):Malaysia$356k (69.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Titanium Ore BY South Korea WERE (2021 - 2022):China-$4.75M (-20.7%)
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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 Titanium Ore were:
South Africa $656M
Mozambique $368M
Kenya $290M
In 2022, South Korea's main importing competitors in Titanium Ore were:
China $557M
United States $525M
Japan $388M

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Trade Value of Titanium Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.45M
TOP IMPORT POTENTIALSouth Africa+ $2.28M

Titanium Ore’s highest export potential is China. With an export gap of $2.45M.   Titanium Ore’s highest import potential is South Africa with an import gap of $2.28M.

See methodology.

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