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2023
Exports $674MWorld Rnk 3 / 176
Flag Rnk 42 / 96
2023
Destination $42.3M United States
2022 - 2023
FASTEST GROWING MARKET $42.3MIndia
2023
PRODUCT COMPLEXITY IN Lead articles-1.38Rnk 919 / 1025
2023
Imports $419MWorld Rnk 5 / 204
Flag Rnk 68 / 96
2023
Origin $62.8M India
2022 - 2023
FASTEST GROWING ORIGIN $62.8MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $674M in Lead articles, making it the 3rd largest exporter of Lead articles in the world. At the same year, Lead articles was the 42nd most exported product in South Korea. The main destination of Lead articles exports from South Korea are: United States ($337M), India ($173M), Indonesia ($40.4M), Singapore ($17.3M), and Thailand ($17.1M).

The fastest growing export markets for Lead articles of South Korea between 2022 and 2023 were India ($42.3M), United States ($29.4M), and Singapore ($15.3M).

Imports In 2023, South Korea imported $419M in Lead articles, becoming the 5th largest importer of Lead articles in the world. At the same year, Lead articles was the 68th most imported product in South Korea. South Korea imports Lead articles primarily from: India ($226M), China ($63.5M), Australia ($47M), United States ($26.6M), and Japan ($20M).

The fastest growing import markets in Lead articles for South Korea between 2022 and 2023 were China ($62.8M), Australia ($32.4M), and United States ($24.9M).

COMPANIES In 2024, leading companies such as General Motors (3) and Polyplex (2) were at the forefront of shipping Lead articles from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Lead articles exports accounted up to $72.8M and imports accounted up to $35.9M, resulting in a positive trade balance of $36.9M. Between December 2023 and December 2024 the exports of South Korea's   Lead articles have decreased by $-6.48M (-8.17%) from $79.3M to $72.8M, while imports increased by $10.2M (39.5%) from $25.7M to $35.9M.

Destinations In December 2024, Lead articles were exported mostly to United States ($34.4M), Vietnam ($16.7M), India ($13.1M), Thailand ($2.8M), and Indonesia ($1.98M), and were imported mostly from India ($27M), Australia ($3.88M), Japan ($2.52M), China ($875k), and Philippines ($584k).

Growth In December 2024, the decrease in Lead articles's year-by-year exports was explained primarily by a decrease in exports to United States ($-6.91M or -100%), Netherlands ($-1.18M or -100%), and Japan ($-255k or -31.1%). In December 2024, the increase in Lead articles's year-by-year imports was explained primarily by an increase in imports from India ($3.85M or 22.3%), Australia ($2.4M or 253%), and China ($1.54M or 17.1k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-6.48M(-8.17%)
IMPORT GROWTH (December 2023 - December 2024)$10.2M(39.5%)
MAIN DESTINATION (December 2024)United States$34.4M

This section shows Lead articles'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 Lead articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$674M
IMPORTS (2023)$419M
NET TRADE (2023)$255M

In 2023, South Korea exported $674M in Lead articles. The main destinations of South Korea exports on Lead articles were United States ($337M), India ($173M), Indonesia ($40.4M), Singapore ($17.3M), and Thailand ($17.1M).

In 2023, South Korea imported $419M in Lead articles, mainly from India ($226M), China ($63.5M), Australia ($47M), United States ($26.6M), and Japan ($20M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lead articles EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$42.3M (32.3%)
United States$29.4M (9.54%)
Singapore$15.3M (769%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lead articles BY South Korea WERE (2022 - 2023):
Vietnam-$273M (-100%)
Malaysia-$8.9M (-38.9%)
Indonesia-$8.01M (-16.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Lead articles were:
Australia $757M
India $704M
In 2023, South Korea's main importing competitors in Lead articles were:
United States $1.32B
India $1.02B
Germany $643M

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Trade Value of Lead articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $2.56M
TOP IMPORT POTENTIALNigeria+ $5.69M

Lead articles’s highest export potential is Japan. With an export gap of $2.56M.   Lead articles’s highest import potential is Nigeria with an import gap of $5.69M.

See methodology.

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