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2023
Exports $5.25BWorld Rnk 33 / 221
Flag Rnk 16 / 96
2023
Destination $229M United States
2022 - 2023
FASTEST GROWING MARKET $229MUnited States
2023
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls0.86Rnk 225 / 1025
2023
Imports $4.39BWorld Rnk 23 / 223
Flag Rnk 20 / 96
2023
Origin $193M Japan
2022 - 2023
FASTEST GROWING ORIGIN $193MHong Kong
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $5.25B in Precious stones, metals, & pearls, making it the 33rd largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 16th most exported product in South Korea. The main destination of Precious stones, metals, & pearls exports from South Korea are: United States ($1.19B), Japan ($979M), Hong Kong ($571M), Singapore ($441M), and Canada ($375M).

The fastest growing export markets for Precious stones, metals, & pearls of South Korea between 2022 and 2023 were United States ($229M), Canada ($68.5M), and Singapore ($54.2M).

Imports In 2023, South Korea imported $4.39B in Precious stones, metals, & pearls, becoming the 23rd largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 20th most imported product in South Korea. South Korea imports Precious stones, metals, & pearls primarily from: Japan ($736M), United States ($588M), Australia ($525M), Switzerland ($411M), and United Kingdom ($251M).

The fastest growing import markets in Precious stones, metals, & pearls for South Korea between 2022 and 2023 were Hong Kong ($193M), Switzerland ($181M), and United States ($168M).

COMPANIES In 2024, leading companies such as Stelfast (15), Ameziel (9), and LG Electronics (6) were at the forefront of shipping Precious stones, metals, & pearls from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Precious stones, metals, & pearls exports accounted up to $408M and imports accounted up to $488M, resulting in a negative trade balance of $79.6M. Between December 2023 and December 2024 the exports of South Korea's   Precious stones, metals, & pearls have increased by $56.6M (16.1%) from $351M to $408M, while imports increased by $59.4M (13.9%) from $428M to $488M.

Destinations In December 2024, Precious stones, metals, & pearls were exported mostly to Hong Kong ($120M), Japan ($96.6M), United States ($30.7M), Singapore ($27M), and Australia ($21.2M), and were imported mostly from Australia ($111M), Japan ($60.4M), South Africa ($49.9M), United Kingdom ($49.2M), and Italy ($31.1M).

Growth In December 2024, the increase in Precious stones, metals, & pearls's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($62.9M or 325%), United Arab Emirates ($24.7M or 1.69k%), and Japan ($9.08M or 12.2%). In December 2024, the increase in Precious stones, metals, & pearls's year-by-year imports was explained primarily by an increase in imports from Indonesia ($66.6M or 21.9k%), Australia ($44M or 60%), and Switzerland ($10.8M or 87.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$56.6M(16.1%)
IMPORT GROWTH (December 2023 - December 2024)$59.4M(13.9%)
MAIN DESTINATION (December 2024)Hong Kong$120M

This section shows Precious stones, metals, & pearls'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 stones, metals, & pearls over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.25B
IMPORTS (2023)$4.39B
NET TRADE (2023)$866M

In 2023, South Korea exported $5.25B in Precious stones, metals, & pearls. The main destinations of South Korea exports on Precious stones, metals, & pearls were United States ($1.19B), Japan ($979M), Hong Kong ($571M), Singapore ($441M), and Canada ($375M).

In 2023, South Korea imported $4.39B in Precious stones, metals, & pearls, mainly from Japan ($736M), United States ($588M), Australia ($525M), Switzerland ($411M), and United Kingdom ($251M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$229M (23.8%)
Canada$68.5M (22.4%)
Singapore$54.2M (14%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY South Korea WERE (2022 - 2023):
Japan-$197M (-16.7%)
United Kingdom-$183M (-53.2%)
Vietnam-$96.7M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Precious stones, metals, & pearls were:
Switzerland $124B
United Arab Emirates $68.9B
United States $57.4B
In 2023, South Korea's main importing competitors in Precious stones, metals, & pearls were:
Switzerland $131B
United Arab Emirates $112B
Hong Kong $110B

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Trade Value of Precious stones, metals, & pearls by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $275M
TOP IMPORT POTENTIALChina+ $135M

Precious stones, metals, & pearls’s highest export potential is China. With an export gap of $275M.   Precious stones, metals, & pearls’s highest import potential is China with an import gap of $135M.

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