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2022
Exports $209kWorld Rnk 34 / 71
Flag Rnk 1087 / 1204
2022
Destination $143k China
2021 - 2022
FASTEST GROWING MARKET $143kChina
2022
PRODUCT COMPLEXITY IN Nickel Ore-1.62Rnk 962 / 1025
2022
Imports $339MWorld Rnk 3 / 67
Flag Rnk 251 / 1213
2022
Origin $12.9M New Caledonia
2021 - 2022
FASTEST GROWING ORIGIN $12.9MNew Caledonia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $209k in Nickel Ore, making it the 34th largest exporter of Nickel Ore in the world. At the same year, Nickel Ore was the 1087th most exported product in South Korea. The main destination of Nickel Ore exports from South Korea are: China ($143k), Japan ($63.6k), Belgium ($2.6k), Netherlands ($595), and Austria ($49).

The fastest growing export markets for Nickel Ore of South Korea between 2021 and 2022 were China ($143k), Japan ($22k), and Netherlands ($498).

Imports In 2022, South Korea imported $339M in Nickel Ore, becoming the 3rd largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 251st most imported product in South Korea. South Korea imports Nickel Ore primarily from: New Caledonia ($318M), Philippines ($13.3M), Guatemala ($4.44M), Cote d'Ivoire ($2.9M), and Belgium ($200k).

The fastest growing import markets in Nickel Ore for South Korea between 2021 and 2022 were New Caledonia ($12.9M), Guatemala ($4.44M), and Philippines ($3.72M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Nickel Ore exports accounted up to $57k and imports accounted up to $19.5M, resulting in a negative trade balance of $19.4M. Between October 2023 and October 2024 the exports of South Korea's   Nickel Ore have decreased by $-83k (-59.3%) from $140k to $57k, while imports increased by $4.36M (28.8%) from $15.1M to $19.5M.

Destinations In October 2024, Nickel Ore were exported mostly to Japan ($54k), Thailand ($3k), Pakistan ($0), Philippines ($0), and United States ($0), and were imported mostly from New Caledonia ($19.5M), Philippines ($34k), United States ($1k), Japan ($0), and Pakistan ($0).

Growth In October 2024, the decrease in Nickel Ore's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the increase in Nickel Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-83k(-59.3%)
IMPORT GROWTH (October 2023 - October 2024)$4.36M(28.8%)
MAIN DESTINATION (October 2024)Japan$54k

This section shows Nickel Ore'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 Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$209k
IMPORTS (2022)$339M
NET TRADE (2022)-$338M

In 2022, South Korea exported $209k in Nickel Ore. The main destinations of South Korea exports on Nickel Ore were China ($143k), Japan ($63.6k), Belgium ($2.6k), Netherlands ($595), and Austria ($49).

In 2022, South Korea imported $339M in Nickel Ore, mainly from New Caledonia ($318M), Philippines ($13.3M), Guatemala ($4.44M), Cote d'Ivoire ($2.9M), and Belgium ($200k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Ore EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$143k (1.78M%)
Japan$22k (52.7%)
Netherlands$498 (513%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Ore BY South Korea WERE (2021 - 2022):
Germany-$832k (-100%)
Belgium-$5.39k (-67.5%)
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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 Ore were:
Philippines $1.29B
New Caledonia $825M
Russia $411M
In 2022, South Korea's main importing competitors in Nickel Ore were:
China $2.96B
Canada $527M

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Trade Value of Nickel Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $268k
TOP IMPORT POTENTIALPhilippines+ $3.58M

Nickel Ore’s highest export potential is China. With an export gap of $268k.   Nickel Ore’s highest import potential is Philippines with an import gap of $3.58M.

See methodology.

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