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2022
Exports $128MWorld Rnk 10 / 179
Flag Rnk 347 / 1204
2022
Destination $13.6M United States
2021 - 2022
FASTEST GROWING MARKET $13.6MUnited States
2022
PRODUCT COMPLEXITY IN Copper Pipe Fittings1.15Rnk 115 / 1025
2022
Imports $54.6MWorld Rnk 24 / 221
Flag Rnk 649 / 1213
2022
Origin $2.37M China
2021 - 2022
FASTEST GROWING ORIGIN $2.37MFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $128M in Copper Pipe Fittings, making it the 10th largest exporter of Copper Pipe Fittings in the world. At the same year, Copper Pipe Fittings was the 347th most exported product in South Korea. The main destination of Copper Pipe Fittings exports from South Korea are: United States ($85.7M), Germany ($6.14M), China ($5.18M), Mexico ($4.09M), and Thailand ($2.32M).

The fastest growing export markets for Copper Pipe Fittings of South Korea between 2021 and 2022 were United States ($13.6M), Mexico ($1.67M), and Germany ($685k).

Imports In 2022, South Korea imported $54.6M in Copper Pipe Fittings, becoming the 24th largest importer of Copper Pipe Fittings in the world. At the same year, Copper Pipe Fittings was the 649th most imported product in South Korea. South Korea imports Copper Pipe Fittings primarily from: China ($38.2M), Singapore ($4.7M), Germany ($3.98M), France ($2.53M), and Japan ($2.02M).

The fastest growing import markets in Copper Pipe Fittings for South Korea between 2021 and 2022 were France ($2.37M), China ($1.25M), and Germany ($503k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Copper Pipe Fittings exports accounted up to $12.2M and imports accounted up to $6.06M, resulting in a positive trade balance of $6.1M. Between July 2023 and July 2024 the exports of South Korea's   Copper Pipe Fittings have increased by $627k (5.44%) from $11.5M to $12.2M, while imports increased by $2.09M (52.5%) from $3.97M to $6.06M.

Destinations In July 2024, Copper Pipe Fittings were exported mostly to United States ($9.56M), China ($516k), Germany ($324k), Saudi Arabia ($287k), and Mexico ($158k), and were imported mostly from China ($3.61M), Germany ($808k), Singapore ($793k), United States ($288k), and Vietnam ($245k).

Growth In July 2024, the increase in Copper Pipe Fittings's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($689k or 883%), Malaysia ($566k or 1.66k%), and Saudi Arabia ($492k or 413%). In July 2024, the increase in Copper Pipe Fittings's year-by-year imports was explained primarily by an increase in imports from Germany ($133k or 51.2%), Singapore ($66k or 14%), and United States ($60k or 113%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$627k(5.44%)
IMPORT GROWTH (July 2023 - July 2024)$2.09M(52.5%)
MAIN DESTINATION (July 2024)United States$9.56M

This section shows Copper Pipe Fittings'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 Pipe Fittings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$128M
IMPORTS (2022)$54.6M
NET TRADE (2022)$73.4M

In 2022, South Korea exported $128M in Copper Pipe Fittings. The main destinations of South Korea exports on Copper Pipe Fittings were United States ($85.7M), Germany ($6.14M), China ($5.18M), Mexico ($4.09M), and Thailand ($2.32M).

In 2022, South Korea imported $54.6M in Copper Pipe Fittings, mainly from China ($38.2M), Singapore ($4.7M), Germany ($3.98M), France ($2.53M), and Japan ($2.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Pipe Fittings EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$13.6M (18.9%)
Mexico$1.67M (69%)
Germany$685k (12.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Pipe Fittings BY South Korea WERE (2021 - 2022):
China-$2.01M (-28%)
Russia-$1.5M (-64.5%)
Japan-$1.23M (-35%)
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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 Pipe Fittings were:
China $1.72B
Germany $969M
Italy $944M
In 2022, South Korea's main importing competitors in Copper Pipe Fittings were:
United States $1.01B
Germany $648M
France $372M

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Trade Value of Copper Pipe Fittings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.41M
TOP IMPORT POTENTIALChina+ $7.43M

Copper Pipe Fittings’s highest export potential is China. With an export gap of $3.41M.   Copper Pipe Fittings’s highest import potential is China with an import gap of $7.43M.

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