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2022
Exports $5.91MWorld Rnk 29 / 153
Flag Rnk 803 / 1204
2022
Destination $1.91M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.91MSingapore
2022
PRODUCT COMPLEXITY IN Metal-Clad Products0.4Rnk 407 / 1025
2022
Imports $7.87MWorld Rnk 30 / 175
Flag Rnk 969 / 1213
2022
Origin $2.36M China
2021 - 2022
FASTEST GROWING ORIGIN $2.36MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.91M in Metal-Clad Products, making it the 29th largest exporter of Metal-Clad Products in the world. At the same year, Metal-Clad Products was the 803rd most exported product in South Korea. The main destination of Metal-Clad Products exports from South Korea are: Hong Kong ($2.25M), Singapore ($1.92M), Japan ($632k), United States ($357k), and Chinese Taipei ($180k).

The fastest growing export markets for Metal-Clad Products of South Korea between 2021 and 2022 were Singapore ($1.91M), Japan ($500k), and Germany ($103k).

Imports In 2022, South Korea imported $7.87M in Metal-Clad Products, becoming the 30th largest importer of Metal-Clad Products in the world. At the same year, Metal-Clad Products was the 969th most imported product in South Korea. South Korea imports Metal-Clad Products primarily from: China ($6M), Japan ($676k), Italy ($309k), Thailand ($222k), and United Kingdom ($160k).

The fastest growing import markets in Metal-Clad Products for South Korea between 2021 and 2022 were China ($2.36M), Thailand ($124k), and Italy ($81.8k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Metal-Clad Products exports accounted up to $2.16M and imports accounted up to $473k, resulting in a positive trade balance of $1.69M. Between October 2023 and October 2024 the exports of South Korea's   Metal-Clad Products have increased by $1.93M (846%) from $228k to $2.16M, while imports increased by $388k (456%) from $85k to $473k.

Destinations In October 2024, Metal-Clad Products were exported mostly to Hong Kong ($2.16M), United Kingdom ($2k), Togo ($1k), Bangladesh ($0), and China ($0), and were imported mostly from China ($344k), India ($56k), Italy ($49k), United Kingdom ($7k), and Denmark ($6k).

Growth In October 2024, the increase in Metal-Clad Products's year-by-year exports was explained primarily by an increase in exports to United States ($19k or 950%). In October 2024, the increase in Metal-Clad Products's year-by-year imports was explained primarily by an increase in imports from France ($47k or 1.18k%), United States ($38k or 380%), and Switzerland ($3k or 37.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.93M(846%)
IMPORT GROWTH (October 2023 - October 2024)$388k(456%)
MAIN DESTINATION (October 2024)Hong Kong$2.16M

This section shows Metal-Clad Products'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 Metal-Clad Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.91M
IMPORTS (2022)$7.87M
NET TRADE (2022)-$1.96M

In 2022, South Korea exported $5.91M in Metal-Clad Products. The main destinations of South Korea exports on Metal-Clad Products were Hong Kong ($2.25M), Singapore ($1.92M), Japan ($632k), United States ($357k), and Chinese Taipei ($180k).

In 2022, South Korea imported $7.87M in Metal-Clad Products, mainly from China ($6M), Japan ($676k), Italy ($309k), Thailand ($222k), and United Kingdom ($160k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal-Clad Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Singapore$1.91M (23k%)
Japan$500k (378%)
Germany$103k (288%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal-Clad Products BY South Korea WERE (2021 - 2022):
Hong Kong-$23.4M (-91.2%)
United Arab Emirates-$4.4M (-100%)
United States-$296k (-45.4%)
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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 Metal-Clad Products were:
China $258M
Germany $155M
Chinese Taipei $150M
In 2022, South Korea's main importing competitors in Metal-Clad Products were:
Hong Kong $227M
Japan $169M
Chinese Taipei $150M

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Trade Value of Metal-Clad Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $286k
TOP IMPORT POTENTIALChina+ $747k

Metal-Clad Products’s highest export potential is Japan. With an export gap of $286k.   Metal-Clad Products’s highest import potential is China with an import gap of $747k.

See methodology.

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