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2023
Exports $1.77BWorld Rnk 1 / 170
Flag Rnk 24 / 96
2023
Destination $131M India
2022 - 2023
FASTEST GROWING MARKET $131MSingapore
2023
PRODUCT COMPLEXITY IN Zinc articles0.68Rnk 291 / 1025
2023
Imports $183MWorld Rnk 24 / 217
Flag Rnk 84 / 96
2023
Origin $90.1M Australia
2022 - 2023
FASTEST GROWING ORIGIN $90.1MAustralia
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.77B in Zinc articles, making it the 1st largest exporter of Zinc articles in the world. At the same year, Zinc articles was the 24th most exported product in South Korea. The main destination of Zinc articles exports from South Korea are: India ($476M), China ($207M), United States ($177M), Singapore ($138M), and Chinese Taipei ($135M).

The fastest growing export markets for Zinc articles of South Korea between 2022 and 2023 were Singapore ($131M), India ($84M), and China ($73.2M).

Imports In 2023, South Korea imported $183M in Zinc articles, becoming the 24th largest importer of Zinc articles in the world. At the same year, Zinc articles was the 84th most imported product in South Korea. South Korea imports Zinc articles primarily from: Australia ($93.7M), India ($44.1M), Peru ($15.5M), Spain ($4.95M), and Malaysia ($4.05M).

The fastest growing import markets in Zinc articles for South Korea between 2022 and 2023 were Australia ($90.1M), Spain ($4.27M), and Peru ($2.88M).

COMPANIES In 2024, leading companies such as Samsung (14), General Motors (8), and LG Electronics (6) were at the forefront of shipping Zinc articles from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Zinc articles exports accounted up to $137M and imports accounted up to $15.9M, resulting in a positive trade balance of $121M. Between December 2023 and December 2024 the exports of South Korea's   Zinc articles have decreased by $-624k (-0.45%) from $137M to $137M, while imports increased by $10.5M (195%) from $5.39M to $15.9M.

Destinations In December 2024, Zinc articles were exported mostly to India ($41.5M), Vietnam ($24M), Chinese Taipei ($13.1M), China ($11.8M), and United States ($10M), and were imported mostly from Peru ($9.34M), Spain ($2.22M), China ($1.39M), India ($961k), and Kazakhstan ($629k).

Growth In December 2024, the decrease in Zinc articles's year-by-year exports was explained primarily by a decrease in exports to India ($-25.6M or -49.1%), Netherlands ($-15M or -100%), and Italy ($-11.1M or -100%). In December 2024, the increase in Zinc articles's year-by-year imports was explained primarily by an increase in imports from China ($571k or 97.6%), Germany ($301k or 391%), and Vietnam ($104k or 51.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-624k(-0.45%)
IMPORT GROWTH (December 2023 - December 2024)$10.5M(195%)
MAIN DESTINATION (December 2024)India$41.5M

This section shows Zinc articles'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 Zinc articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.77B
IMPORTS (2023)$183M
NET TRADE (2023)$1.58B

In 2023, South Korea exported $1.77B in Zinc articles. The main destinations of South Korea exports on Zinc articles were India ($476M), China ($207M), United States ($177M), Singapore ($138M), and Chinese Taipei ($135M).

In 2023, South Korea imported $183M in Zinc articles, mainly from Australia ($93.7M), India ($44.1M), Peru ($15.5M), Spain ($4.95M), and Malaysia ($4.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Zinc articles EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Singapore$131M (2.03k%)
India$84M (21.4%)
China$73.2M (54.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Zinc articles BY South Korea WERE (2022 - 2023):
Vietnam-$334M (-100%)
United States-$177M (-50%)
Chinese Taipei-$66.2M (-32.9%)
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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 Zinc articles were:
Spain $1.39B
Australia $1.33B
In 2023, South Korea's main importing competitors in Zinc articles were:
United States $2.62B
Germany $1.69B
China $1.12B

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Trade Value of Zinc articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $32.7M
TOP IMPORT POTENTIALChina+ $4.18M

Zinc articles’s highest export potential is China. With an export gap of $32.7M.   Zinc articles’s highest import potential is China with an import gap of $4.18M.

See methodology.

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