2022
Exports
$789kWorld Rnk 44 / 144
Flag Rnk 1002 / 1204
2022
PRODUCT COMPLEXITY IN Copper Housewares
0.61Rnk 313 / 1025
2022
Imports
$5.91MWorld Rnk 32 / 212
Flag Rnk 1001 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $789k in Copper Housewares, making it the 44th largest exporter of Copper Housewares in the world. At the same year, Copper Housewares was the 1002nd most exported product in South Korea. The main destination of Copper Housewares exports from South Korea are: Japan ($140k), Chinese Taipei ($122k), Norway ($94.6k), United States ($93.1k), and Nigeria ($66.3k).

The fastest growing export markets for Copper Housewares of South Korea between 2021 and 2022 were Norway ($94.6k), Chinese Taipei ($43.9k), and Nigeria ($43.3k).

Imports In 2022, South Korea imported $5.91M in Copper Housewares, becoming the 32nd largest importer of Copper Housewares in the world. At the same year, Copper Housewares was the 1001st most imported product in South Korea. South Korea imports Copper Housewares primarily from: China ($4.16M), Vietnam ($348k), Netherlands ($284k), France ($227k), and Germany ($157k).

The fastest growing import markets in Copper Housewares for South Korea between 2021 and 2022 were Netherlands ($273k), Vietnam ($96.4k), and France ($68.5k).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-40k(-62.5%)
IMPORT GROWTH (July 2023 - July 2024)$132k(57.1%)
MAIN DESTINATION (July 2024)United States$10k

This section shows Copper Housewares'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 Housewares over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$789k
IMPORTS (2022)$5.91M
NET TRADE (2022)-$5.12M

In 2022, South Korea exported $789k in Copper Housewares. The main destinations of South Korea exports on Copper Housewares were Japan ($140k), Chinese Taipei ($122k), Norway ($94.6k), United States ($93.1k), and Nigeria ($66.3k).

In 2022, South Korea imported $5.91M in Copper Housewares, mainly from China ($4.16M), Vietnam ($348k), Netherlands ($284k), France ($227k), and Germany ($157k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Housewares EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Norway$94.6k (1%)
Chinese Taipei$43.9k (56.3%)
Nigeria$43.3k (188%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Housewares BY South Korea WERE (2021 - 2022):
Japan-$134k (-48.9%)
United States-$99.7k (-51.7%)
Philippines-$39.3k (-75%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Copper Housewares were:
China $443M
India $62.9M
In 2022, South Korea's main importing competitors in Copper Housewares were:

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Trade Value of Copper Housewares by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $87.7k
TOP IMPORT POTENTIALChina+ $1.28M

Copper Housewares’s highest export potential is United States. With an export gap of $87.7k.   Copper Housewares’s highest import potential is China with an import gap of $1.28M.

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