Copper articles in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $7.11B in Copper articles, making it the 9th largest exporter of Copper articles in the world. At the same year, Copper articles was the 15th most exported product in South Korea. The main destination of Copper articles exports from South Korea are: China ($3.49B), United States ($558M), Vietnam ($411M), Malaysia ($374M), and Thailand ($311M).

The fastest growing export markets for Copper articles of South Korea between 2021 and 2022 were United States ($66.7M), Thailand ($28.9M), and Chile ($23.9M).

Imports In 2022, South Korea imported $8.65B in Copper articles, becoming the 5th largest importer of Copper articles in the world. At the same year, Copper articles was the 13th most imported product in South Korea. South Korea imports Copper articles primarily from: Chile ($2.35B), China ($1.11B), Democratic Republic of the Congo ($813M), Japan ($646M), and United States ($514M).

The fastest growing import markets in Copper articles for South Korea between 2021 and 2022 were Nigeria ($65.8M), Mexico ($63M), and China ($57.7M).

COMPANIES In 2023, leading companies such as Boeing (117), MICHAEL KORS (USA), INC. (56), and TRACTOR SUPPLY COMPANY OF (54) were at the forefront of shipping Copper articles from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Copper articles exports accounted up to $363M and imports accounted up to $534M, resulting in a negative trade balance of $171M. Between February 2023 and February 2024 the exports of South Korea's Copper articles have decreased by $-89M (-19.7%) from $452M to $363M, while imports decreased by $-99M (-15.6%) from $633M to $534M.

Destinations In February 2024, Copper articles were exported mostly to China ($142M), United States ($42.8M), Vietnam ($24.6M), Philippines ($20.2M), and Chinese Taipei ($19.5M), and were imported mostly from Chile ($167M), Japan ($58.9M), Democratic Republic of the Congo ($40.6M), China ($40M), and United States ($31.8M).

Growth In February 2024, the decrease in Copper articles's year-by-year exports was explained primarily by a decrease in exports to China ($-93.5M or -32.4%), Vietnam ($-44.4M or -66.7%), and Thailand ($-15M or -46.6%). In February 2024, the decrease in Copper articles's year-by-year imports was explained primarily by a decrease in imports from Chile ($-96.5M or -36.8%), Democratic Republic of the Congo ($-39.7M or -50.1%), and Japan ($-15.2M or -24.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-89M(-19.7%)

IMPORT GROWTH (February 2023 - February 2024)$-99M(-15.6%)

MAIN DESTINATION (February 2024)China$142M

This section shows Copper 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 Copper articles over time.

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