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2022
Exports $22.3MWorld Rnk 28 / 181
Flag Rnk 629 / 1204
2022
Destination $4.24M China
2021 - 2022
FASTEST GROWING MARKET $4.24MChina
2022
PRODUCT COMPLEXITY IN Other Mineral-1.21Rnk 881 / 1025
2022
Imports $125MWorld Rnk 4 / 203
Flag Rnk 462 / 1213
2022
Origin $62M Australia
2021 - 2022
FASTEST GROWING ORIGIN $62MAustralia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $22.3M in Other Mineral, making it the 28th largest exporter of Other Mineral in the world. At the same year, Other Mineral was the 629th most exported product in South Korea. The main destination of Other Mineral exports from South Korea are: China ($6.8M), Japan ($5.59M), United States ($2.86M), Chinese Taipei ($2.78M), and France ($1.42M).

The fastest growing export markets for Other Mineral of South Korea between 2021 and 2022 were China ($4.24M), United States ($2.64M), and France ($1.41M).

Imports In 2022, South Korea imported $125M in Other Mineral, becoming the 4th largest importer of Other Mineral in the world. At the same year, Other Mineral was the 462nd most imported product in South Korea. South Korea imports Other Mineral primarily from: Australia ($75.4M), China ($28.2M), Turkey ($4.34M), Vietnam ($2.63M), and Japan ($2.4M).

The fastest growing import markets in Other Mineral for South Korea between 2021 and 2022 were Australia ($62M), China ($2.18M), and Russia ($1.07M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Other Mineral exports accounted up to $845k and imports accounted up to $32.5M, resulting in a negative trade balance of $31.7M. Between September 2023 and September 2024 the exports of South Korea's   Other Mineral have decreased by $-228k (-21.2%) from $1.07M to $845k, while imports increased by $27.4M (540%) from $5.08M to $32.5M.

Destinations In September 2024, Other Mineral were exported mostly to China ($295k), Chinese Taipei ($276k), Japan ($173k), Indonesia ($40k), and Vietnam ($33k), and were imported mostly from Australia ($27.7M), China ($1.85M), South Africa ($1.06M), Vietnam ($676k), and Turkey ($368k).

Growth In September 2024, the decrease in Other Mineral's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-348k or -100%), United States ($-298k or -99.3%), and Chinese Taipei ($-289k or -66.1%). In September 2024, the increase in Other Mineral's year-by-year imports was explained primarily by an increase in imports from South Africa ($404k or 101%), New Zealand ($34k or 162%), and United States ($26k or 22.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-228k(-21.2%)
IMPORT GROWTH (September 2023 - September 2024)$27.4M(540%)
MAIN DESTINATION (September 2024)China$295k

This section shows Other Mineral'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 Mineral over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.3M
IMPORTS (2022)$125M
NET TRADE (2022)-$103M

In 2022, South Korea exported $22.3M in Other Mineral. The main destinations of South Korea exports on Other Mineral were China ($6.8M), Japan ($5.59M), United States ($2.86M), Chinese Taipei ($2.78M), and France ($1.42M).

In 2022, South Korea imported $125M in Other Mineral, mainly from Australia ($75.4M), China ($28.2M), Turkey ($4.34M), Vietnam ($2.63M), and Japan ($2.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Mineral EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$4.24M (166%)
United States$2.64M (1.17k%)
France$1.41M (38.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Mineral BY South Korea WERE (2021 - 2022):
Mexico-$476k (-100%)
Indonesia-$450k (-38.3%)
Vietnam-$144k (-18.4%)
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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 Mineral were:
Australia $8.27B
Brazil $336M
China $316M
In 2022, South Korea's main importing competitors in Other Mineral were:
China $8.79B
United States $151M
Japan $141M

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Trade Value of Other Mineral by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $7.1M
TOP IMPORT POTENTIALUnited States+ $1.02M

Other Mineral’s highest export potential is China. With an export gap of $7.1M.   Other Mineral’s highest import potential is United States with an import gap of $1.02M.

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