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2022
Exports $2.06BWorld Rnk 1 / 169
Flag Rnk 25 / 96
2022
Destination $383M United States
2021 - 2022
FASTEST GROWING MARKET $383MUnited States
2022
PRODUCT COMPLEXITY IN Zinc articles0.67Rnk 289 / 1025
2022
Imports $110MWorld Rnk 36 / 219
Flag Rnk 88 / 96
2022
Origin $2.84M India
2021 - 2022
FASTEST GROWING ORIGIN $2.84MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.06B in Zinc articles, making it the 1st largest exporter of Zinc articles in the world. At the same year, Zinc articles was the 25th most exported product in South Korea. The main destination of Zinc articles exports from South Korea are: United States ($408M), India ($372M), Vietnam ($325M), Chinese Taipei ($190M), and Indonesia ($121M).

The fastest growing export markets for Zinc articles of South Korea between 2021 and 2022 were United States ($383M), India ($63.4M), and Italy ($38.7M).

Imports In 2022, South Korea imported $110M in Zinc articles, becoming the 36th largest importer of Zinc articles in the world. At the same year, Zinc articles was the 88th most imported product in South Korea. South Korea imports Zinc articles primarily from: India ($57.3M), Peru ($11.2M), China ($7.43M), Australia ($6.72M), and Vietnam ($4M).

The fastest growing import markets in Zinc articles for South Korea between 2021 and 2022 were China ($2.84M), Kuwait ($843k), and Japan ($759k).

COMPANIES In 2023, leading companies such as LG Electronics (9), General Motors (6), and Samsung (3) were at the forefront of shipping Zinc articles from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Zinc articles exports accounted up to $117M and imports accounted up to $27.4M, resulting in a positive trade balance of $89.3M. Between October 2023 and October 2024 the exports of South Korea's   Zinc articles have decreased by $-17.3M (-12.9%) from $134M to $117M, while imports increased by $20.1M (273%) from $7.36M to $27.4M.

Destinations In October 2024, Zinc articles were exported mostly to India ($28.6M), Vietnam ($18.6M), China ($18.3M), Chinese Taipei ($9.23M), and Indonesia ($7.27M), and were imported mostly from India ($10.1M), Spain ($9.53M), Peru ($4.36M), China ($1.01M), and Kazakhstan ($585k).

Growth In October 2024, the decrease in Zinc articles's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-20.9M or -64.4%), Indonesia ($-8.75M or -56.6%), and Australia ($-8.6M or -97.1%). In October 2024, the increase in Zinc articles's year-by-year imports was explained primarily by an increase in imports from India ($2.63M or 51%), Peru ($2.43M or 2.56k%), and Chinese Taipei ($75k or 7.5k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-17.3M(-12.9%)
IMPORT GROWTH (October 2023 - October 2024)$20.1M(273%)
MAIN DESTINATION (October 2024)India$28.6M

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 (2022)$2.06B
IMPORTS (2022)$110M
NET TRADE (2022)$1.95B

In 2022, South Korea exported $2.06B in Zinc articles. The main destinations of South Korea exports on Zinc articles were United States ($408M), India ($372M), Vietnam ($325M), Chinese Taipei ($190M), and Indonesia ($121M).

In 2022, South Korea imported $110M in Zinc articles, mainly from India ($57.3M), Peru ($11.2M), China ($7.43M), Australia ($6.72M), and Vietnam ($4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Zinc articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$383M (1.5k%)
India$63.4M (20.5%)
Italy$38.7M (4.38k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Zinc articles BY South Korea WERE (2021 - 2022):
China-$133M (-53.1%)
Hong Kong-$70.8M (-72.3%)
Vietnam-$22.9M (-6.59%)
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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 Zinc articles were:
Canada $1.58B
Spain $1.52B
In 2022, South Korea's main importing competitors in Zinc articles were:
United States $3.2B
Germany $1.85B
Turkey $1.54B

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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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