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2023
Exports $1.71BWorld Rnk 1 / 107
Flag Rnk 57 / 1188
2023
Destination $131M India
2022 - 2023
FASTEST GROWING MARKET $131MSingapore
2023
PRODUCT COMPLEXITY IN Raw Zinc-0.73Rnk 766 / 1025
2023
Imports $161MWorld Rnk 22 / 165
Flag Rnk 367 / 1208
2023
Origin $91.2M Australia
2022 - 2023
FASTEST GROWING ORIGIN $91.2MAustralia
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.71B in Raw Zinc, making it the 1st largest exporter of Raw Zinc in the world. At the same year, Raw Zinc was the 57th most exported product in South Korea. The main destination of Raw Zinc exports from South Korea are: India ($475M), China ($194M), United States ($176M), Singapore ($138M), and Chinese Taipei ($133M).

The fastest growing export markets for Raw Zinc of South Korea between 2022 and 2023 were Singapore ($131M), India ($83.9M), and China ($78.8M).

Imports In 2023, South Korea imported $161M in Raw Zinc, becoming the 22nd largest importer of Raw Zinc in the world. At the same year, Raw Zinc was the 367th most imported product in South Korea. South Korea imports Raw Zinc primarily from: Australia ($92M), India ($43.1M), Peru ($14.9M), Spain ($3.57M), and Burma ($2.7M).

The fastest growing import markets in Raw Zinc for South Korea between 2022 and 2023 were Australia ($91.2M), Spain ($3.57M), and Peru ($2.65M).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Raw Zinc exports accounted up to $131M and imports accounted up to $13.1M, resulting in a positive trade balance of $118M. Between December 2023 and December 2024 the exports of South Korea's   Raw Zinc have decreased by $-1.73M (-1.31%) from $132M to $131M, while imports increased by $9.77M (292%) from $3.35M to $13.1M.

Destinations In December 2024, Raw Zinc were exported mostly to India ($40.1M), Vietnam ($23.9M), Chinese Taipei ($12.4M), China ($11.1M), and United States ($9.93M), and were imported mostly from Peru ($9.25M), Spain ($2.22M), India ($931k), Kazakhstan ($629k), and Indonesia ($68k).

Growth In December 2024, the decrease in Raw Zinc's year-by-year exports was explained primarily by a decrease in exports to India ($-25.6M or -49.1%), Thailand ($-2.79M or -36.9%), and Saudi Arabia ($-2.77M or -77.1%). In December 2024, the increase in Raw Zinc's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.73M(-1.31%)
IMPORT GROWTH (December 2023 - December 2024)$9.77M(292%)
MAIN DESTINATION (December 2024)India$40.1M

This section shows Raw Zinc'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 Zinc over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.71B
IMPORTS (2023)$161M
NET TRADE (2023)$1.55B

In 2023, South Korea exported $1.71B in Raw Zinc. The main destinations of South Korea exports on Raw Zinc were India ($475M), China ($194M), United States ($176M), Singapore ($138M), and Chinese Taipei ($133M).

In 2023, South Korea imported $161M in Raw Zinc, mainly from Australia ($92M), India ($43.1M), Peru ($14.9M), Spain ($3.57M), and Burma ($2.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Zinc EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Singapore$131M (2.05k%)
India$83.9M (21.4%)
China$78.8M (68.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Zinc BY South Korea WERE (2022 - 2023):
Vietnam-$328M (-100%)
United States-$177M (-50.2%)
Chinese Taipei-$57.3M (-30.1%)
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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 Raw Zinc were:
Australia $1.32B
Canada $1.22B
In 2023, South Korea's main importing competitors in Raw Zinc were:
United States $2.22B
Germany $1.37B
China $1.01B

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Trade Value of Raw Zinc by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $31.4M
TOP IMPORT POTENTIALIndia+ $3.08M

Raw Zinc’s highest export potential is China. With an export gap of $31.4M.   Raw Zinc’s highest import potential is India with an import gap of $3.08M.

See methodology.

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