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Pricing

2022
Exports $28.9MWorld Rnk 3 / 61
Flag Rnk 582 / 1204
2022
Destination $1.4M Turkey
2021 - 2022
FASTEST GROWING MARKET $1.4MSpain
2022
Imports $7.7MWorld Rnk 12 / 114
Flag Rnk 970 / 1213
2022
Origin $470k Belgium
2021 - 2022
FASTEST GROWING ORIGIN $470kKazakhstan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $28.9M in Copper Alloys, making it the 3rd largest exporter of Copper Alloys in the world. At the same year, Copper Alloys was the 582nd most exported product in South Korea. The main destination of Copper Alloys exports from South Korea are: Turkey ($3.52M), Japan ($3.38M), Chinese Taipei ($2.95M), Greece ($2.52M), and Italy ($2.12M).

The fastest growing export markets for Copper Alloys of South Korea between 2021 and 2022 were Spain ($1.4M), Italy ($674k), and Greece ($570k).

Imports In 2022, South Korea imported $7.7M in Copper Alloys, becoming the 12th largest importer of Copper Alloys in the world. At the same year, Copper Alloys was the 970th most imported product in South Korea. South Korea imports Copper Alloys primarily from: Belgium ($3.65M), Kazakhstan ($2.13M), China ($1.21M), Japan ($343k), and Italy ($305k).

The fastest growing import markets in Copper Alloys for South Korea between 2021 and 2022 were Kazakhstan ($470k), Belgium ($451k), and Japan ($251k).

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Copper Alloys exports accounted up to $2.24M and imports accounted up to $976k, resulting in a positive trade balance of $1.26M. Between August 2023 and August 2024 the exports of South Korea's   Copper Alloys have increased by $106k (4.98%) from $2.13M to $2.24M, while imports increased by $648k (198%) from $328k to $976k.

Destinations In August 2024, Copper Alloys were exported mostly to Turkey ($435k), Chinese Taipei ($383k), Thailand ($261k), Greece ($220k), and Vietnam ($194k), and were imported mostly from China ($668k), Belgium ($218k), Italy ($77k), United States ($11k), and United Kingdom ($2k).

Growth In August 2024, the increase in Copper Alloys's year-by-year exports was explained primarily by an increase in exports to India ($81k or 79.4%), Malaysia ($58k or 34.9%), and Chinese Taipei ($33k or 31.4%). In August 2024, the increase in Copper Alloys's year-by-year imports was explained primarily by an increase in imports from Belgium ($358k or 148%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$106k(4.98%)
IMPORT GROWTH (August 2023 - August 2024)$648k(198%)
MAIN DESTINATION (August 2024)Turkey$435k

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 (2022)$28.9M
IMPORTS (2022)$7.7M
NET TRADE (2022)$21.2M

In 2022, South Korea exported $28.9M in Copper Alloys. The main destinations of South Korea exports on Copper Alloys were Turkey ($3.52M), Japan ($3.38M), Chinese Taipei ($2.95M), Greece ($2.52M), and Italy ($2.12M).

In 2022, South Korea imported $7.7M in Copper Alloys, mainly from Belgium ($3.65M), Kazakhstan ($2.13M), China ($1.21M), Japan ($343k), and Italy ($305k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Alloys EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Spain$1.4M (266%)
Italy$674k (46.5%)
Greece$570k (29.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Alloys BY South Korea WERE (2021 - 2022):
Chinese Taipei-$603k (-17%)
Turkey-$349k (-9.02%)
Australia-$338k (-79.8%)
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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 Copper Alloys were:
Democratic Republic of the Congo $199M
Belgium $69.8M
In 2022, South Korea's main importing competitors in Copper Alloys were:
China $228M
Germany $53.8M
Italy $13.1M

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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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