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2023
Exports $806World Rnk 77 / 88
Flag Rnk 1173 / 1188
2023
Destination $795 Thailand
2022 - 2023
FASTEST GROWING MARKET $795Thailand
2023
PRODUCT COMPLEXITY IN Aluminium Ore-2.35Rnk 1012 / 1025
2023
Imports $12.7MWorld Rnk 16 / 112
Flag Rnk 867 / 1208
2023
Origin $2.54k Australia
2022 - 2023
FASTEST GROWING ORIGIN $2.54kUnited States
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $806 in Aluminium Ore, making it the 77th largest exporter of Aluminium Ore in the world. At the same year, Aluminium Ore was the 1173rd most exported product in South Korea. The main destination of Aluminium Ore exports from South Korea are: Thailand ($806).

The fastest growing export markets for Aluminium Ore of South Korea between 2022 and 2023 were Thailand ($795).

Imports In 2023, South Korea imported $12.7M in Aluminium Ore, becoming the 16th largest importer of Aluminium Ore in the world. At the same year, Aluminium Ore was the 867th most imported product in South Korea. South Korea imports Aluminium Ore primarily from: Australia ($12.6M), China ($20.4k), India ($7.95k), and United States ($2.64k).

The fastest growing import markets in Aluminium Ore for South Korea between 2022 and 2023 were United States ($2.54k).

COMPANIES In 2024, leading companies such as RHI Magnesita (17) were at the forefront of shipping Aluminium Ore from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Aluminium Ore exports accounted up to $0 and imports accounted up to $3.95M, resulting in a negative trade balance of $3.95M. Between December 2023 and December 2024 the exports of South Korea's   Aluminium Ore have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $3.07M (351%) from $875k to $3.95M.

Destinations In December 2024, Aluminium Ore were exported mostly to China ($0) and Australia ($0), and were imported mostly from Australia ($2.96M) and China ($990k).

Growth In December 2024, the change in Aluminium Ore's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Aluminium Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (December 2023 - December 2024)$3.07M(351%)
MAIN DESTINATION (December 2024)China$0

This section shows Aluminium 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 Aluminium Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$806
IMPORTS (2023)$12.7M
NET TRADE (2023)-$12.7M

In 2023, South Korea exported $806 in Aluminium Ore. The main destinations of South Korea exports on Aluminium Ore were Thailand ($806).

In 2023, South Korea imported $12.7M in Aluminium Ore, mainly from Australia ($12.6M), China ($20.4k), India ($7.95k), and United States ($2.64k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Aluminium Ore EXPORT MARKETS FOR South Korea WERE (2022 - 2023):Thailand$795 (7.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Ore BY South Korea WERE (2022 - 2023):
Indonesia-$66.9k (-100%)
Canada-$2 (-100%)
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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 Aluminium Ore were:
Guinea $7.62B
Australia $1.49B
Brazil $205M
In 2023, South Korea's main importing competitors in Aluminium Ore were:
China $8.27B
United Arab Emirates $675M
India $281M

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Trade Value of Aluminium Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.04k
TOP IMPORT POTENTIALChina+ $1.25M

Aluminium Ore’s highest export potential is China. With an export gap of $2.04k.   Aluminium Ore’s highest import potential is China with an import gap of $1.25M.

See methodology.

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