2022
Exports
$7.11BWorld Rnk 9 / 218
Flag Rnk 15 / 96
2022
PRODUCT COMPLEXITY IN Copper articles
1.39Rnk 71 / 1025
2022
Imports
$8.65BWorld Rnk 5 / 225
Flag Rnk 13 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

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 General Motors (7), Tesla (6), and Hankook Tires (3) were at the forefront of shipping Copper articles from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$5.01M(1%)
IMPORT GROWTH (October 2023 - October 2024)$-31.9M(-5.41%)
MAIN DESTINATION (October 2024)China$280M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.11B
IMPORTS (2022)$8.65B
NET TRADE (2022)-$1.54B

In 2022, South Korea exported $7.11B in Copper articles. The main destinations of South Korea exports on Copper articles were China ($3.49B), United States ($558M), Vietnam ($411M), Malaysia ($374M), and Thailand ($311M).

In 2022, South Korea imported $8.65B in Copper articles, mainly from Chile ($2.35B), China ($1.11B), Democratic Republic of the Congo ($813M), Japan ($646M), and United States ($514M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$66.7M (13.6%)
Thailand$28.9M (10.2%)
Chile$23.9M (92.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper articles BY South Korea WERE (2021 - 2022):
Vietnam-$261M (-38.9%)
China-$192M (-5.22%)
Chinese Taipei-$180M (-40.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Copper articles were:
In 2022, South Korea's main importing competitors in Copper articles were:

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Trade Value of Copper articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $247M
TOP IMPORT POTENTIALChina+ $93M

Copper articles’s highest export potential is China. With an export gap of $247M.   Copper articles’s highest import potential is China with an import gap of $93M.

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