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2022
Exports $99MWorld Rnk 12 / 97
Flag Rnk 377 / 1204
2022
Destination $4.8M Vietnam
2021 - 2022
FASTEST GROWING MARKET $4.8MMalaysia
2022
PRODUCT COMPLEXITY IN Precious Metal Compounds1.09Rnk 139 / 1025
2022
Imports $168MWorld Rnk 23 / 184
Flag Rnk 402 / 1213
2022
Origin $1.92M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.92MMexico
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $99M in Precious Metal Compounds, making it the 12th largest exporter of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 377th most exported product in South Korea. The main destination of Precious Metal Compounds exports from South Korea are: Vietnam ($45M), China ($38.1M), Malaysia ($4.84M), Indonesia ($3.8M), and Hong Kong ($3.43M).

The fastest growing export markets for Precious Metal Compounds of South Korea between 2021 and 2022 were Malaysia ($4.8M), Hong Kong ($3.36M), and United Arab Emirates ($704k).

Imports In 2022, South Korea imported $168M in Precious Metal Compounds, becoming the 23rd largest importer of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 402nd most imported product in South Korea. South Korea imports Precious Metal Compounds primarily from: Germany ($78.4M), United States ($46.5M), Japan ($23.3M), Peru ($9.24M), and China ($5.49M).

The fastest growing import markets in Precious Metal Compounds for South Korea between 2021 and 2022 were Mexico ($1.92M), China ($927k), and Netherlands ($88.8k).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (6) were at the forefront of shipping Precious Metal Compounds from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Precious Metal Compounds exports accounted up to $17.1M and imports accounted up to $27.2M, resulting in a negative trade balance of $10.2M. Between October 2023 and October 2024 the exports of South Korea's   Precious Metal Compounds have increased by $5.93M (53.2%) from $11.1M to $17.1M, while imports decreased by $-100k (-0.37%) from $27.3M to $27.2M.

Destinations In October 2024, Precious Metal Compounds were exported mostly to Vietnam ($6.59M), Hong Kong ($4.99M), China ($2.64M), Malaysia ($2.39M), and Germany ($233k), and were imported mostly from United States ($10.3M), Germany ($8.35M), Peru ($4.3M), United Kingdom ($2.41M), and Mexico ($688k).

Growth In October 2024, the increase in Precious Metal Compounds's year-by-year exports was explained primarily by an increase in exports to Indonesia ($7k or 1.74%). In October 2024, the decrease in Precious Metal Compounds's year-by-year imports was explained primarily by a decrease in imports from Germany ($-1.34M or -16.7%), Japan ($-766k or -63.9%), and United States ($-273k or -10.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$5.93M(53.2%)
IMPORT GROWTH (October 2023 - October 2024)$-100k(-0.37%)
MAIN DESTINATION (October 2024)Vietnam$6.59M

This section shows Precious Metal Compounds'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 Precious Metal Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$99M
IMPORTS (2022)$168M
NET TRADE (2022)-$68.8M

In 2022, South Korea exported $99M in Precious Metal Compounds. The main destinations of South Korea exports on Precious Metal Compounds were Vietnam ($45M), China ($38.1M), Malaysia ($4.84M), Indonesia ($3.8M), and Hong Kong ($3.43M).

In 2022, South Korea imported $168M in Precious Metal Compounds, mainly from Germany ($78.4M), United States ($46.5M), Japan ($23.3M), Peru ($9.24M), and China ($5.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Compounds EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Malaysia$4.8M (12k%)
Hong Kong$3.36M (4.68k%)
United Arab Emirates$704k (72.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Compounds BY South Korea WERE (2021 - 2022):
China-$18.6M (-32.8%)
Vietnam-$5.57M (-11%)
Indonesia-$1.33M (-26%)
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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 Precious Metal Compounds were:
Germany $3.18B
Japan $2.65B
United Kingdom $1.86B
In 2022, South Korea's main importing competitors in Precious Metal Compounds were:
India $1.47B
Czechia $1.07B
Germany $845M

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Trade Value of Precious Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.52M
TOP IMPORT POTENTIALJapan+ $8.9M

Precious Metal Compounds’s highest export potential is China. With an export gap of $4.52M.   Precious Metal Compounds’s highest import potential is Japan with an import gap of $8.9M.

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