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2022
Exports $496MWorld Rnk 7 / 142
Flag Rnk 162 / 1204
2022
Destination $11.7M United States
2021 - 2022
FASTEST GROWING MARKET $11.7MUnited States
2022
PRODUCT COMPLEXITY IN Copper Pipes0.34Rnk 429 / 1025
2022
Imports $256MWorld Rnk 12 / 220
Flag Rnk 301 / 1213
2022
Origin $17.2M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $17.2MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $496M in Copper Pipes, making it the 7th largest exporter of Copper Pipes in the world. At the same year, Copper Pipes was the 162nd most exported product in South Korea. The main destination of Copper Pipes exports from South Korea are: United States ($232M), Australia ($36.1M), Saudi Arabia ($32.2M), United Kingdom ($24.8M), and United Arab Emirates ($24.5M).

The fastest growing export markets for Copper Pipes of South Korea between 2021 and 2022 were United States ($11.7M), United Arab Emirates ($10.9M), and India ($7.92M).

Imports In 2022, South Korea imported $256M in Copper Pipes, becoming the 12th largest importer of Copper Pipes in the world. At the same year, Copper Pipes was the 301st most imported product in South Korea. South Korea imports Copper Pipes primarily from: Vietnam ($135M), China ($81.6M), Thailand ($20.1M), Malaysia ($5.51M), and Japan ($4.24M).

The fastest growing import markets in Copper Pipes for South Korea between 2021 and 2022 were Vietnam ($17.2M), Thailand ($16.1M), and France ($1.35M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Copper Pipes exports accounted up to $39.6M and imports accounted up to $18.6M, resulting in a positive trade balance of $21M. Between October 2023 and October 2024 the exports of South Korea's   Copper Pipes have increased by $2.53M (6.83%) from $37.1M to $39.6M, while imports increased by $4.73M (34%) from $13.9M to $18.6M.

Destinations In October 2024, Copper Pipes were exported mostly to United States ($18.5M), India ($5.91M), Saudi Arabia ($3.95M), Australia ($2.32M), and Turkey ($1.25M), and were imported mostly from China ($8.13M), Vietnam ($5.87M), Thailand ($3.93M), Japan ($253k), and United States ($195k).

Growth In October 2024, the increase in Copper Pipes's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($3.14M or 206%), India ($2.07M or 182%), and China ($782k or 65%). In October 2024, the increase in Copper Pipes's year-by-year imports was explained primarily by an increase in imports from Thailand ($1.82M or 503%), United Kingdom ($203k or 20.3k%), and Philippines ($7k or 25%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.53M(6.83%)
IMPORT GROWTH (October 2023 - October 2024)$4.73M(34%)
MAIN DESTINATION (October 2024)United States$18.5M

This section shows Copper Pipes'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 Pipes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$496M
IMPORTS (2022)$256M
NET TRADE (2022)$240M

In 2022, South Korea exported $496M in Copper Pipes. The main destinations of South Korea exports on Copper Pipes were United States ($232M), Australia ($36.1M), Saudi Arabia ($32.2M), United Kingdom ($24.8M), and United Arab Emirates ($24.5M).

In 2022, South Korea imported $256M in Copper Pipes, mainly from Vietnam ($135M), China ($81.6M), Thailand ($20.1M), Malaysia ($5.51M), and Japan ($4.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Pipes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$11.7M (5.33%)
United Arab Emirates$10.9M (80.1%)
India$7.92M (59.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Pipes BY South Korea WERE (2021 - 2022):
Thailand-$6.91M (-33.1%)
Brazil-$4.13M (-85.9%)
Australia-$3.95M (-9.87%)
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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 Pipes were:
China $2.35B
Vietnam $1.15B
Germany $964M
In 2022, South Korea's main importing competitors in Copper Pipes were:
United States $1.32B
India $861M
Thailand $531M

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Trade Value of Copper Pipes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $12.7M
TOP IMPORT POTENTIALChina+ $23.5M

Copper Pipes’s highest export potential is India. With an export gap of $12.7M.   Copper Pipes’s highest import potential is China with an import gap of $23.5M.

See methodology.

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