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2022
Exports $13.5MWorld Rnk 22 / 97
Flag Rnk 698 / 1204
2022
Destination $2.14M Japan
2021 - 2022
FASTEST GROWING MARKET $2.14MUnited States
2022
PRODUCT COMPLEXITY IN Nickel Bars1.16Rnk 113 / 1025
2022
Imports $81.7MWorld Rnk 11 / 170
Flag Rnk 559 / 1213
2022
Origin $9.6M France
2021 - 2022
FASTEST GROWING ORIGIN $9.6MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $13.5M in Nickel Bars, making it the 22nd largest exporter of Nickel Bars in the world. At the same year, Nickel Bars was the 698th most exported product in South Korea. The main destination of Nickel Bars exports from South Korea are: Japan ($2.62M), United States ($2.24M), China ($2.1M), Germany ($1.91M), and Vietnam ($1.42M).

The fastest growing export markets for Nickel Bars of South Korea between 2021 and 2022 were United States ($2.14M), Germany ($547k), and Japan ($419k).

Imports In 2022, South Korea imported $81.7M in Nickel Bars, becoming the 11th largest importer of Nickel Bars in the world. At the same year, Nickel Bars was the 559th most imported product in South Korea. South Korea imports Nickel Bars primarily from: France ($20.1M), China ($20.1M), Japan ($12.1M), United States ($9.79M), and Germany ($8.97M).

The fastest growing import markets in Nickel Bars for South Korea between 2021 and 2022 were China ($9.6M), France ($6.84M), and Germany ($4.89M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Nickel Bars exports accounted up to $2.7M and imports accounted up to $8.56M, resulting in a negative trade balance of $5.85M. Between July 2023 and July 2024 the exports of South Korea's   Nickel Bars have increased by $1.64M (154%) from $1.07M to $2.7M, while imports increased by $1.21M (16.4%) from $7.35M to $8.56M.

Destinations In July 2024, Nickel Bars were exported mostly to United Arab Emirates ($1.34M), United States ($420k), Singapore ($184k), Germany ($172k), and Japan ($164k), and were imported mostly from Japan ($1.95M), China ($1.82M), France ($1.53M), United States ($1.05M), and Germany ($908k).

Growth In July 2024, the increase in Nickel Bars's year-by-year exports was explained primarily by an increase in exports to United States ($321k or 3.21k%), Indonesia ($22k or 733%), and Vietnam ($19k or 380%). In July 2024, the increase in Nickel Bars's year-by-year imports was explained primarily by an increase in imports from France ($190k or 8.99%), China ($141k or 12%), and Germany ($72k or 17.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.64M(154%)
IMPORT GROWTH (July 2023 - July 2024)$1.21M(16.4%)
MAIN DESTINATION (July 2024)United Arab Emirates$1.34M

This section shows Nickel Bars'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 Nickel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.5M
IMPORTS (2022)$81.7M
NET TRADE (2022)-$68.2M

In 2022, South Korea exported $13.5M in Nickel Bars. The main destinations of South Korea exports on Nickel Bars were Japan ($2.62M), United States ($2.24M), China ($2.1M), Germany ($1.91M), and Vietnam ($1.42M).

In 2022, South Korea imported $81.7M in Nickel Bars, mainly from France ($20.1M), China ($20.1M), Japan ($12.1M), United States ($9.79M), and Germany ($8.97M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Bars EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$2.14M (2.1k%)
Germany$547k (40%)
Japan$419k (19.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Bars BY South Korea WERE (2021 - 2022):
China-$1.56M (-42.6%)
Netherlands-$474k (-94.1%)
Iran-$198k (-100%)
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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 Nickel Bars were:
United States $976M
Germany $530M
France $397M
In 2022, South Korea's main importing competitors in Nickel Bars were:
United States $540M
Germany $390M
China $337M

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Trade Value of Nickel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.61M
TOP IMPORT POTENTIALUnited States+ $2.56M

Nickel Bars’s highest export potential is China. With an export gap of $1.61M.   Nickel Bars’s highest import potential is United States with an import gap of $2.56M.

See methodology.

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