2023
Exports
$10.2MWorld Rnk 59 / 111
Flag Rnk 694 / 1188
2023
PRODUCT COMPLEXITY IN Copper Ore
-1.95Rnk 994 / 1025
2023
Imports
$4.95BWorld Rnk 3 / 102
Flag Rnk 12 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $10.2M in Copper Ore, making it the 59th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 694th most exported product in South Korea. The main destination of Copper Ore exports from South Korea are: China ($9.08M), Malaysia ($965k), Indonesia ($116k), Netherlands ($69.4k), and Chile ($5.66k).

The fastest growing export markets for Copper Ore of South Korea between 2022 and 2023 were Malaysia ($965k), Chile ($1k), and Peru ($406).

Imports In 2023, South Korea imported $4.95B in Copper Ore, becoming the 3rd largest importer of Copper Ore in the world. At the same year, Copper Ore was the 12th most imported product in South Korea. South Korea imports Copper Ore primarily from: Indonesia ($1.26B), Chile ($1.13B), Peru ($733M), Australia ($643M), and Canada ($509M).

The fastest growing import markets in Copper Ore for South Korea between 2022 and 2023 were Peru ($154M), Serbia ($113M), and Chile ($75.5M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-122M(-75.1%)
IMPORT GROWTH (December 2023 - December 2024)$-216M(-41.3%)
MAIN DESTINATION (December 2024)China$40.6M

This section shows Copper 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 Copper Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$10.2M
IMPORTS (2023)$4.95B
NET TRADE (2023)-$4.94B

In 2023, South Korea exported $10.2M in Copper Ore. The main destinations of South Korea exports on Copper Ore were China ($9.08M), Malaysia ($965k), Indonesia ($116k), Netherlands ($69.4k), and Chile ($5.66k).

In 2023, South Korea imported $4.95B in Copper Ore, mainly from Indonesia ($1.26B), Chile ($1.13B), Peru ($733M), Australia ($643M), and Canada ($509M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Malaysia$965k (1%)
Chile$1k (21.5%)
Peru$406 (294%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY South Korea WERE (2022 - 2023):
China-$1.57B (-99.4%)
Hong Kong-$115k (-100%)
Thailand-$49.6k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Copper Ore were:
Chile $24.2B
Peru $19.9B
In 2023, South Korea's main importing competitors in Copper Ore were:
China $57.3B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $153M
TOP IMPORT POTENTIALPeru+ $55M

Copper Ore’s highest export potential is China. With an export gap of $153M.   Copper Ore’s highest import potential is Peru with an import gap of $55M.

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