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2022
Exports $800MWorld Rnk 10 / 220
Flag Rnk 121 / 1204
falsefalse United States
2021 - 2022
FASTEST GROWING MARKETfalseUnited States
2022
PRODUCT COMPLEXITY IN Metal Mountings0.85Rnk 226 / 1025
2022
Imports $507MWorld Rnk 21 / 223
Flag Rnk 187 / 1213
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $800M in Metal Mountings, making it the 10th largest exporter of Metal Mountings in the world. At the same year, Metal Mountings was the 121st most exported product in South Korea. The main destination of Metal Mountings exports from South Korea are: United States ($337M), Mexico ($80.3M), Czechia ($63.6M), India ($36.5M), and China ($32.7M).

The fastest growing export markets for Metal Mountings of South Korea between 2021 and 2022 were United States ($55.8M), Mexico ($11.9M), and Indonesia ($5.05M).

Imports In 2022, South Korea imported $507M in Metal Mountings, becoming the 21st largest importer of Metal Mountings in the world. At the same year, Metal Mountings was the 187th most imported product in South Korea. South Korea imports Metal Mountings primarily from: China ($321M), Germany ($41.8M), Vietnam ($35.9M), United States ($34.1M), and Austria ($12.3M).

COMPANIES In 2023, leading companies such as LG Electronics (77), General Motors (32), and ZF Friedrichshafen (25) were at the forefront of shipping Metal Mountings from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Metal Mountings exports accounted up to $89.7M and imports accounted up to $43.8M, resulting in a positive trade balance of $45.9M. Between July 2023 and July 2024 the exports of South Korea's   Metal Mountings have increased by $20.4M (29.3%) from $69.4M to $89.7M, while imports increased by $5.72M (15%) from $38.1M to $43.8M.

Destinations In July 2024, Metal Mountings were exported mostly to United States ($39.3M), Mexico ($8.62M), Czechia ($7.95M), India ($4.23M), and Slovakia ($3.69M), and were imported mostly from China ($25.2M), United States ($4.11M), Vietnam ($3.02M), Germany ($2.52M), and Austria ($2.37M).

Growth In July 2024, the increase in Metal Mountings's year-by-year exports was explained primarily by an increase in exports to N/A. In July 2024, the increase in Metal Mountings's year-by-year imports was explained primarily by an increase in imports from Italy ($402k or 101%), Thailand ($292k or 1.62k%), and France ($183k or 75.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$20.4M(29.3%)
IMPORT GROWTH (July 2023 - July 2024)$5.72M(15%)
MAIN DESTINATION (July 2024)United States$39.3M

This section shows Metal Mountings'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 Mountings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$800M
IMPORTS (2022)$507M
NET TRADE (2022)$293M

In 2022, South Korea exported $800M in Metal Mountings. The main destinations of South Korea exports on Metal Mountings were United States ($337M), Mexico ($80.3M), Czechia ($63.6M), India ($36.5M), and China ($32.7M).

In 2022, South Korea imported $507M in Metal Mountings, mainly from China ($321M), Germany ($41.8M), Vietnam ($35.9M), United States ($34.1M), and Austria ($12.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Mountings EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$55.8M (19.8%)
Mexico$11.9M (17.3%)
Indonesia$5.05M (327%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Mountings BY South Korea WERE (2021 - 2022):
Russia-$62.1M (-91.3%)
China-$9.03M (-21.6%)
Canada-$5.7M (-15.6%)
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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 Mountings were:
China $16.1B
Germany $5.34B
United States $2.92B
In 2022, South Korea's main importing competitors in Metal Mountings were:
United States $7.91B
Germany $2.98B
Mexico $1.73B

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Trade Value of Metal Mountings by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALChina+ $91.8M

Metal Mountings’s highest export potential is N/A. With an export gap of N/A.   Metal Mountings’s highest import potential is China with an import gap of $91.8M.

See methodology.

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