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2023
Exports $376kWorld Rnk 36 / 58
Flag Rnk 1016 / 1188
2023
Destination $138k United States
2022 - 2023
FASTEST GROWING MARKET $138kUnited States
2023
PRODUCT COMPLEXITY IN Nickel Mattes-1.45Rnk 938 / 1025
2023
Imports $48.3MWorld Rnk 10 / 89
Flag Rnk 630 / 1208
2023
Origin $1.46M Turkey
2022 - 2023
FASTEST GROWING ORIGIN $1.46MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $376k in Nickel Mattes, making it the 36th largest exporter of Nickel Mattes in the world. At the same year, Nickel Mattes was the 1016th most exported product in South Korea. The main destination of Nickel Mattes exports from South Korea are: United States ($215k), China ($73.4k), Singapore ($64.5k), India ($22.7k), and Spain ($213).

The fastest growing export markets for Nickel Mattes of South Korea between 2022 and 2023 were United States ($138k), India ($9.28k), and Norway ($129).

Imports In 2023, South Korea imported $48.3M in Nickel Mattes, becoming the 10th largest importer of Nickel Mattes in the world. At the same year, Nickel Mattes was the 630th most imported product in South Korea. South Korea imports Nickel Mattes primarily from: Turkey ($35.7M), Indonesia ($10.6M), China ($1.47M), France ($481k), and United States ($33.4k).

The fastest growing import markets in Nickel Mattes for South Korea between 2022 and 2023 were China ($1.46M) and France ($481k).

COMPANIES In 2024, leading companies such as Ford Motor Company (2) were at the forefront of shipping Nickel Mattes from South Korea to the United States.

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Nickel Mattes exports accounted up to $466k and imports accounted up to $2.38M, resulting in a negative trade balance of $1.92M. Between January 2024 and January 2025 the exports of South Korea's   Nickel Mattes have increased by $397k (575%) from $69k to $466k, while imports decreased by $-4.56M (-65.7%) from $6.94M to $2.38M.

Destinations In January 2025, Nickel Mattes were exported mostly to India ($266k), Mexico ($121k), Japan ($78k), Indonesia ($1k), and Turkey ($0), and were imported mostly from Canada ($1.4M), Germany ($859k), Japan ($122k), Turkey ($1k), and Indonesia ($0).

Growth In January 2025, the increase in Nickel Mattes's year-by-year exports was explained primarily by an increase in exports to . In January 2025, the decrease in Nickel Mattes's year-by-year imports was explained primarily by a decrease in imports from Japan ($-592k or -100%) and Canada ($-255k or -23.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$397k(575%)
IMPORT GROWTH (January 2024 - January 2025)$-4.56M(-65.7%)
MAIN DESTINATION (January 2025)India$266k

This section shows Nickel Mattes'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 Mattes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$376k
IMPORTS (2023)$48.3M
NET TRADE (2023)-$47.9M

In 2023, South Korea exported $376k in Nickel Mattes. The main destinations of South Korea exports on Nickel Mattes were United States ($215k), China ($73.4k), Singapore ($64.5k), India ($22.7k), and Spain ($213).

In 2023, South Korea imported $48.3M in Nickel Mattes, mainly from Turkey ($35.7M), Indonesia ($10.6M), China ($1.47M), France ($481k), and United States ($33.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nickel Mattes EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$138k (180%)
India$9.28k (68.9%)
Norway$129 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Mattes BY South Korea WERE (2022 - 2023):
China-$959k (-92.9%)
Japan-$381k (-100%)
Netherlands-$351k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Nickel Mattes were:
Indonesia $7.58B
Canada $1.72B
Russia $1.27B
In 2023, South Korea's main importing competitors in Nickel Mattes were:
China $7.49B
Norway $2.64B
Japan $2.47B

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Trade Value of Nickel Mattes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.99M
TOP IMPORT POTENTIALIndonesia+ $10.7M

Nickel Mattes’s highest export potential is China. With an export gap of $1.99M.   Nickel Mattes’s highest import potential is Indonesia with an import gap of $10.7M.

See methodology.

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