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2022
Exports $563MWorld Rnk 11 / 205
Flag Rnk 151 / 1204
2022
Destination $66.9M China
2021 - 2022
FASTEST GROWING MARKET $66.9MChina
2022
PRODUCT COMPLEXITY IN Other Aluminium Products0.57Rnk 335 / 1025
2022
Imports $392MWorld Rnk 18 / 224
Flag Rnk 223 / 1213
2022
Origin $21.5M China
2021 - 2022
FASTEST GROWING ORIGIN $21.5MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $563M in Other Aluminium Products, making it the 11th largest exporter of Other Aluminium Products in the world. At the same year, Other Aluminium Products was the 151st most exported product in South Korea. The main destination of Other Aluminium Products exports from South Korea are: China ($184M), Vietnam ($82M), United States ($72.2M), Japan ($67.3M), and Poland ($19.8M).

The fastest growing export markets for Other Aluminium Products of South Korea between 2021 and 2022 were China ($66.9M), United States ($14.2M), and Vietnam ($13.9M).

Imports In 2022, South Korea imported $392M in Other Aluminium Products, becoming the 18th largest importer of Other Aluminium Products in the world. At the same year, Other Aluminium Products was the 223rd most imported product in South Korea. South Korea imports Other Aluminium Products primarily from: China ($189M), United States ($69.2M), Vietnam ($59.9M), Germany ($10.6M), and France ($8.13M).

The fastest growing import markets in Other Aluminium Products for South Korea between 2021 and 2022 were Vietnam ($21.5M), United States ($18.1M), and China ($13.5M).

COMPANIES In 2023, leading companies such as Samsung (11) were at the forefront of shipping Other Aluminium Products from South Korea to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Other Aluminium Products exports accounted up to $36.1M and imports accounted up to $46.4M, resulting in a negative trade balance of $10.4M. Between August 2023 and August 2024 the exports of South Korea's   Other Aluminium Products have decreased by $-1.74M (-4.6%) from $37.8M to $36.1M, while imports decreased by $-11.6M (-20%) from $58M to $46.4M.

Destinations In August 2024, Other Aluminium Products were exported mostly to China ($11.3M), United States ($5.61M), Vietnam ($5.36M), Japan ($3.73M), and Chinese Taipei ($1.34M), and were imported mostly from China ($18.1M), United States ($10.9M), Japan ($6.55M), Vietnam ($4.04M), and Finland ($1.05M).

Growth In August 2024, the decrease in Other Aluminium Products's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.98M or -38.4%), Vietnam ($-1.06M or -19.6%), and Russia ($-786k or -98.4%). In August 2024, the decrease in Other Aluminium Products's year-by-year imports was explained primarily by a decrease in imports from Japan ($-3.28M or -39.1%), United States ($-1.35M or -16.1%), and Spain ($-215k or -86%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-1.74M(-4.6%)
IMPORT GROWTH (August 2023 - August 2024)$-11.6M(-20%)
MAIN DESTINATION (August 2024)China$11.3M

This section shows Other Aluminium Products'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 Other Aluminium Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$563M
IMPORTS (2022)$392M
NET TRADE (2022)$171M

In 2022, South Korea exported $563M in Other Aluminium Products. The main destinations of South Korea exports on Other Aluminium Products were China ($184M), Vietnam ($82M), United States ($72.2M), Japan ($67.3M), and Poland ($19.8M).

In 2022, South Korea imported $392M in Other Aluminium Products, mainly from China ($189M), United States ($69.2M), Vietnam ($59.9M), Germany ($10.6M), and France ($8.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Aluminium Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$66.9M (57%)
United States$14.2M (24.5%)
Vietnam$13.9M (20.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Aluminium Products BY South Korea WERE (2021 - 2022):
Hong Kong-$11.1M (-81.4%)
Poland-$10.2M (-34.1%)
Chinese Taipei-$6.74M (-34.8%)
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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 Other Aluminium Products were:
China $5.85B
Germany $1.96B
Italy $1.87B
In 2022, South Korea's main importing competitors in Other Aluminium Products were:
Germany $3.32B
United States $3.23B
France $1.17B

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Trade Value of Other Aluminium Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.5M
TOP IMPORT POTENTIALChina+ $51.3M

Other Aluminium Products’s highest export potential is United States. With an export gap of $22.5M.   Other Aluminium Products’s highest import potential is China with an import gap of $51.3M.

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