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2022
Exports $1.19BWorld Rnk 5 / 178
Flag Rnk 87 / 1204
2022
Destination $10.9M Japan
2021 - 2022
FASTEST GROWING MARKET $10.9MIndia
2022
PRODUCT COMPLEXITY IN Metal Molds1.48Rnk 57 / 1025
2022
Imports $160MWorld Rnk 26 / 216
Flag Rnk 410 / 1213
2022
Origin $9.15M China
2021 - 2022
FASTEST GROWING ORIGIN $9.15MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.19B in Metal Molds, making it the 5th largest exporter of Metal Molds in the world. At the same year, Metal Molds was the 87th most exported product in South Korea. The main destination of Metal Molds exports from South Korea are: Japan ($229M), Vietnam ($160M), India ($152M), United States ($109M), and Mexico ($108M).

The fastest growing export markets for Metal Molds of South Korea between 2021 and 2022 were India ($10.9M), Panama ($9.93M), and Thailand ($7.59M).

Imports In 2022, South Korea imported $160M in Metal Molds, becoming the 26th largest importer of Metal Molds in the world. At the same year, Metal Molds was the 410th most imported product in South Korea. South Korea imports Metal Molds primarily from: China ($81.7M), Vietnam ($19.5M), India ($15.1M), Japan ($10.7M), and Canada ($7.16M).

The fastest growing import markets in Metal Molds for South Korea between 2021 and 2022 were India ($9.15M), Italy ($1.78M), and Germany ($1.75M).

COMPANIES In 2023, leading companies such as LG Electronics (32), Fuyao Glass (2), and Samsung (2) were at the forefront of shipping Metal Molds from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Metal Molds exports accounted up to $68.6M and imports accounted up to $16.3M, resulting in a positive trade balance of $52.2M. Between September 2023 and September 2024 the exports of South Korea's   Metal Molds have decreased by $-23.5M (-25.6%) from $92.1M to $68.6M, while imports increased by $4.26M (35.2%) from $12.1M to $16.3M.

Destinations In September 2024, Metal Molds were exported mostly to Japan ($14.7M), India ($13.3M), Vietnam ($9.56M), United States ($8.75M), and Mexico ($6.4M), and were imported mostly from China ($12.6M), Canada ($1.33M), Vietnam ($710k), Japan ($580k), and Czechia ($325k).

Growth In September 2024, the decrease in Metal Molds's year-by-year exports was explained primarily by a decrease in exports to United States ($-5.63M or -58.1%), Poland ($-4.88M or -64.5%), and Mexico ($-3.98M or -31.9%). In September 2024, the increase in Metal Molds's year-by-year imports was explained primarily by an increase in imports from Japan ($510k or 220%), United States ($156k or 1.3k%), and Germany ($81k or 26.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-23.5M(-25.6%)
IMPORT GROWTH (September 2023 - September 2024)$4.26M(35.2%)
MAIN DESTINATION (September 2024)Japan$14.7M

This section shows Metal Molds'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 Molds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.19B
IMPORTS (2022)$160M
NET TRADE (2022)$1.03B

In 2022, South Korea exported $1.19B in Metal Molds. The main destinations of South Korea exports on Metal Molds were Japan ($229M), Vietnam ($160M), India ($152M), United States ($109M), and Mexico ($108M).

In 2022, South Korea imported $160M in Metal Molds, mainly from China ($81.7M), Vietnam ($19.5M), India ($15.1M), Japan ($10.7M), and Canada ($7.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Molds EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$10.9M (7.69%)
Panama$9.93M (205%)
Thailand$7.59M (18.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Molds BY South Korea WERE (2021 - 2022):
Vietnam-$47.2M (-22.8%)
Mexico-$43M (-28.6%)
Japan-$35.1M (-13.3%)
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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 Molds were:
China $6.2B
Germany $1.35B
Canada $1.26B
In 2022, South Korea's main importing competitors in Metal Molds were:
United States $2.94B
Mexico $1.51B
Germany $1.47B

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Trade Value of Metal Molds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $32.2M
TOP IMPORT POTENTIALChina+ $30.1M

Metal Molds’s highest export potential is United States. With an export gap of $32.2M.   Metal Molds’s highest import potential is China with an import gap of $30.1M.

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