Raw Tin in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $20.2M in Raw Tin, making it the 28th largest exporter of Raw Tin in the world. At the same year, Raw Tin was the 647th most exported product in South Korea. The main destination of Raw Tin exports from South Korea are: Philippines ($6.81M), China ($4.33M), India ($4.02M), Chinese Taipei ($1.22M), and United States ($1.15M).

The fastest growing export markets for Raw Tin of South Korea between 2021 and 2022 were India ($4.01M), China ($2.75M), and Thailand ($403k).

Imports In 2022, South Korea imported $460M in Raw Tin, becoming the 6th largest importer of Raw Tin in the world. At the same year, Raw Tin was the 204th most imported product in South Korea. South Korea imports Raw Tin primarily from: Indonesia ($274M), China ($61.4M), Singapore ($53.4M), Thailand ($36.5M), and Malaysia ($19.2M).

The fastest growing import markets in Raw Tin for South Korea between 2021 and 2022 were Singapore ($40.7M), Burma ($7.93M), and Indonesia ($6.55M).

COMPANIES In 2023, leading companies such as LG Electronics (7) and Volvo (4) were at the forefront of shipping Raw Tin from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Raw Tin exports accounted up to $672k and imports accounted up to $49M, resulting in a negative trade balance of $48.3M. Between July 2023 and July 2024 the exports of South Korea's Raw Tin have decreased by $-1.55M (-69.8%) from $2.22M to $672k, while imports increased by $9.6M (24.4%) from $39.4M to $49M.

Destinations In July 2024, Raw Tin were exported mostly to China ($548k), Japan ($89k), Vietnam ($15k), United States ($14k), and Malaysia ($5k), and were imported mostly from Indonesia ($25.6M), China ($8.97M), Malaysia ($5.69M), Thailand ($4.06M), and Peru ($2.15M).

Growth In July 2024, the decrease in Raw Tin's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.23M or -100%), Philippines ($-178k or -12%), and Vietnam ($-84k or -48%). In July 2024, the increase in Raw Tin's year-by-year imports was explained primarily by an increase in imports from China ($2.57M or 63.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-1.55M(-69.8%)

IMPORT GROWTH (July 2023 - July 2024)$9.6M(24.4%)

MAIN DESTINATION (July 2024)China$548k

This section shows Raw Tin'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 Raw Tin over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$20.2M

IMPORTS (2022)$460M

NET TRADE (2022)-$440M

In 2022, South Korea exported $20.2M in Raw Tin. The main destinations of South Korea exports on Raw Tin were Philippines ($6.81M), China ($4.33M), India ($4.02M), Chinese Taipei ($1.22M), and United States ($1.15M).

In 2022, South Korea imported $460M in Raw Tin, mainly from Indonesia ($274M), China ($61.4M), Singapore ($53.4M), Thailand ($36.5M), and Malaysia ($19.2M).

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