2023
Exports
$328MWorld Rnk 22 / 144
Flag Rnk 188 / 1188
2023
PRODUCT COMPLEXITY IN Copper Wire
-0.49Rnk 700 / 1025
2023
Imports
$80MWorld Rnk 56 / 205
Flag Rnk 532 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $328M in Copper Wire, making it the 22nd largest exporter of Copper Wire in the world. At the same year, Copper Wire was the 188th most exported product in South Korea. The main destination of Copper Wire exports from South Korea are: United States ($107M), Philippines ($73.8M), China ($56.8M), India ($20.5M), and Turkey ($14.1M).

The fastest growing export markets for Copper Wire of South Korea between 2022 and 2023 were United States ($67M), India ($10.9M), and United Arab Emirates ($3.35M).

Imports In 2023, South Korea imported $80M in Copper Wire, becoming the 56th largest importer of Copper Wire in the world. At the same year, Copper Wire was the 532nd most imported product in South Korea. South Korea imports Copper Wire primarily from: China ($47.1M), Germany ($15.1M), Malaysia ($4.35M), United States ($3.71M), and Chinese Taipei ($2.83M).

The fastest growing import markets in Copper Wire for South Korea between 2022 and 2023 were China ($12.5M), Indonesia ($1.78M), and Germany ($1.4M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$8.25M(26.5%)
IMPORT GROWTH (December 2023 - December 2024)$8.87M(162%)
MAIN DESTINATION (December 2024)Philippines$14.7M

This section shows Copper Wire'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 Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$328M
IMPORTS (2023)$80M
NET TRADE (2023)$248M

In 2023, South Korea exported $328M in Copper Wire. The main destinations of South Korea exports on Copper Wire were United States ($107M), Philippines ($73.8M), China ($56.8M), India ($20.5M), and Turkey ($14.1M).

In 2023, South Korea imported $80M in Copper Wire, mainly from China ($47.1M), Germany ($15.1M), Malaysia ($4.35M), United States ($3.71M), and Chinese Taipei ($2.83M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Wire EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$67M (168%)
India$10.9M (113%)
United Arab Emirates$3.35M (49.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Wire BY South Korea WERE (2022 - 2023):
Philippines-$47.4M (-39.1%)
Vietnam-$40.4M (-100%)
China-$24.6M (-30.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Copper Wire were:
In 2023, South Korea's main importing competitors in Copper Wire were:

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Trade Value of Copper Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.1M
TOP IMPORT POTENTIALChina+ $7.93M

Copper Wire’s highest export potential is China. With an export gap of $21.1M.   Copper Wire’s highest import potential is China with an import gap of $7.93M.

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