2022
Exports
$25.4MWorld Rnk 8 / 78
Flag Rnk 603 / 1204
2022
PRODUCT COMPLEXITY IN Molybdenum
0.95Rnk 192 / 1025
2022
Imports
$66.8MWorld Rnk 6 / 142
Flag Rnk 606 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $25.4M in Molybdenum, making it the 8th largest exporter of Molybdenum in the world. At the same year, Molybdenum was the 603rd most exported product in South Korea. The main destination of Molybdenum exports from South Korea are: Hong Kong ($5.47M), China ($5.32M), Japan ($2.75M), United States ($2.68M), and Malaysia ($2.32M).

The fastest growing export markets for Molybdenum of South Korea between 2021 and 2022 were United States ($755k), United Kingdom ($623k), and Netherlands ($420k).

Imports In 2022, South Korea imported $66.8M in Molybdenum, becoming the 6th largest importer of Molybdenum in the world. At the same year, Molybdenum was the 606th most imported product in South Korea. South Korea imports Molybdenum primarily from: China ($24.8M), Japan ($21.1M), Austria ($17.7M), United States ($1.31M), and Chinese Taipei ($795k).

The fastest growing import markets in Molybdenum for South Korea between 2021 and 2022 were Austria ($1.96M), United States ($566k), and Germany ($425k).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Molybdenum from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-17k(-0.97%)
IMPORT GROWTH (October 2023 - October 2024)$-346k(-4.74%)
MAIN DESTINATION (October 2024)United States$1.2M

This section shows Molybdenum'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 Molybdenum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$25.4M
IMPORTS (2022)$66.8M
NET TRADE (2022)-$41.4M

In 2022, South Korea exported $25.4M in Molybdenum. The main destinations of South Korea exports on Molybdenum were Hong Kong ($5.47M), China ($5.32M), Japan ($2.75M), United States ($2.68M), and Malaysia ($2.32M).

In 2022, South Korea imported $66.8M in Molybdenum, mainly from China ($24.8M), Japan ($21.1M), Austria ($17.7M), United States ($1.31M), and Chinese Taipei ($795k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molybdenum EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$755k (39.2%)
United Kingdom$623k (59.5%)
Netherlands$420k (40.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molybdenum BY South Korea WERE (2021 - 2022):
Thailand-$1.7M (-75.1%)
Malaysia-$1.39M (-37.6%)
India-$429k (-93.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Molybdenum were:
In 2022, South Korea's main importing competitors in Molybdenum were:

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Trade Value of Molybdenum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $705k
TOP IMPORT POTENTIALChina+ $1.22M

Molybdenum’s highest export potential is China. With an export gap of $705k.   Molybdenum’s highest import potential is China with an import gap of $1.22M.

See methodology.

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