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Pricing

2023
Exports $21.5MWorld Rnk 3 / 68
Flag Rnk 591 / 1188
2023
Destination $2.05M Spain
2022 - 2023
FASTEST GROWING MARKET $2.05MSpain
2023
Imports $7.12MWorld Rnk 7 / 117
Flag Rnk 945 / 1208
2023
Origin $2.3M China
2022 - 2023
FASTEST GROWING ORIGIN $2.3MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $21.5M in Copper Alloys, making it the 3rd largest exporter of Copper Alloys in the world. At the same year, Copper Alloys was the 591st most exported product in South Korea. The main destination of Copper Alloys exports from South Korea are: Spain ($4.03M), Turkey ($4.03M), Japan ($2.37M), Brazil ($2.13M), and Italy ($1.82M).

The fastest growing export markets for Copper Alloys of South Korea between 2022 and 2023 were Spain ($2.05M), France ($414k), and Brazil ($344k).

Imports In 2023, South Korea imported $7.12M in Copper Alloys, becoming the 7th largest importer of Copper Alloys in the world. At the same year, Copper Alloys was the 945th most imported product in South Korea. South Korea imports Copper Alloys primarily from: China ($2.56M), Belgium ($2.5M), Nigeria ($1.2M), United States ($560k), and Japan ($204k).

The fastest growing import markets in Copper Alloys for South Korea between 2022 and 2023 were China ($2.3M), Nigeria ($1.2M), and United States ($560k).

COMPANIES In 2024, leading companies such as Samsung (1) were at the forefront of shipping Copper Alloys from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Copper Alloys exports accounted up to $2.31M and imports accounted up to $595k, resulting in a positive trade balance of $1.72M. Between December 2023 and December 2024 the exports of South Korea's   Copper Alloys have increased by $843k (57.3%) from $1.47M to $2.31M, while imports increased by $195k (48.8%) from $400k to $595k.

Destinations In December 2024, Copper Alloys were exported mostly to Brazil ($490k), Turkey ($447k), Spain ($398k), Italy ($365k), and Vietnam ($155k), and were imported mostly from Belgium ($217k), Kazakhstan ($176k), Italy ($104k), China ($96k), and Japan ($2k).

Growth In December 2024, the increase in Copper Alloys's year-by-year exports was explained primarily by an increase in exports to Spain ($147k or 73.9%), Japan ($37k or 28.7%), and Thailand ($24k or 50%). In December 2024, the increase in Copper Alloys's year-by-year imports was explained primarily by an increase in imports from Italy ($16k or 21.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$843k(57.3%)
IMPORT GROWTH (December 2023 - December 2024)$195k(48.8%)
MAIN DESTINATION (December 2024)Brazil$490k

This section shows Copper Alloys'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 Alloys over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$21.5M
IMPORTS (2023)$7.12M
NET TRADE (2023)$14.4M

In 2023, South Korea exported $21.5M in Copper Alloys. The main destinations of South Korea exports on Copper Alloys were Spain ($4.03M), Turkey ($4.03M), Japan ($2.37M), Brazil ($2.13M), and Italy ($1.82M).

In 2023, South Korea imported $7.12M in Copper Alloys, mainly from China ($2.56M), Belgium ($2.5M), Nigeria ($1.2M), United States ($560k), and Japan ($204k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Alloys EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Spain$2.05M (103%)
France$414k (146%)
Brazil$344k (19.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Alloys BY South Korea WERE (2022 - 2023):
Greece-$1.84M (-67.6%)
United Kingdom-$1.29M (-59.3%)
Vietnam-$1.08M (-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 Copper Alloys were:
Democratic Republic of the Congo $107M
Belgium $66.1M
In 2023, South Korea's main importing competitors in Copper Alloys were:
China $123M
Germany $57.3M
Italy $11.5M

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Trade Value of Copper Alloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.03M
TOP IMPORT POTENTIALChina+ $69.3k

Copper Alloys’s highest export potential is China. With an export gap of $1.03M.   Copper Alloys’s highest import potential is China with an import gap of $69.3k.

See methodology.

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