Precious Metal Scraps in   South Korea

Overview In January 2025 South Korea's Precious Metal Scraps exports accounted up to $14M and imports accounted up to $107M, resulting in a negative trade balance of $92.8M. Between January 2024 and January 2025 the exports of South Korea's   Precious Metal Scraps have increased by $3.17M (29.3%) from $10.8M to $14M, while imports decreased by $-21M (-16.5%) from $128M to $107M.

Destinations In January 2025, Precious Metal Scraps were exported mostly to Germany ($4.89M), Singapore ($4.2M), Japan ($3.82M), Italy ($562k), and United Kingdom ($353k), and were imported mostly from Australia ($60.3M), Spain ($23.4M), Poland ($8.85M), Japan ($3.4M), and United Arab Emirates ($2.91M).

Growth In January 2025, the increase in Precious Metal Scraps's year-by-year exports was explained primarily by an increase in exports to Germany ($919k or 40.9%). In January 2025, the decrease in Precious Metal Scraps's year-by-year imports was explained primarily by a decrease in imports from China ($-48.8M or -99.6%), Australia ($-12.9M or -37%), and Spain ($-11.4M or -55.7%).