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2022
Exports $2.62BWorld Rnk 9 / 140
Flag Rnk 46 / 1204
2022
Destination $19.3M China
2021 - 2022
FASTEST GROWING MARKET $19.3MThailand
2022
PRODUCT COMPLEXITY IN Refined Copper-1.43Rnk 938 / 1025
2022
Imports $3.64BWorld Rnk 6 / 184
Flag Rnk 23 / 1213
2022
Origin $27.2M Chile
2021 - 2022
FASTEST GROWING ORIGIN $27.2MChile
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.62B in Refined Copper, making it the 9th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 46th most exported product in South Korea. The main destination of Refined Copper exports from South Korea are: China ($1.94B), Malaysia ($193M), Vietnam ($186M), Thailand ($174M), and Indonesia ($53.2M).

The fastest growing export markets for Refined Copper of South Korea between 2021 and 2022 were Thailand ($19.3M), Japan ($10.1M), and Singapore ($8.21M).

Imports In 2022, South Korea imported $3.64B in Refined Copper, becoming the 6th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 23rd most imported product in South Korea. South Korea imports Refined Copper primarily from: Chile ($1.9B), Democratic Republic of the Congo ($806M), China ($416M), Australia ($115M), and Japan ($107M).

The fastest growing import markets in Refined Copper for South Korea between 2021 and 2022 were Chile ($27.2M), Democratic Republic of the Congo ($24.4M), and China ($23.3M).

COMPANIES In 2023, leading companies such as Hankook Tires (2) were at the forefront of shipping Refined Copper from South Korea to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Refined Copper exports accounted up to $232M and imports accounted up to $174M, resulting in a positive trade balance of $57.8M. Between August 2023 and August 2024 the exports of South Korea's   Refined Copper have increased by $26.7M (13%) from $205M to $232M, while imports decreased by $-12M (-6.48%) from $186M to $174M.

Destinations In August 2024, Refined Copper were exported mostly to China ($176M), Vietnam ($33.6M), Chinese Taipei ($12.7M), Indonesia ($5.8M), and Thailand ($2.46M), and were imported mostly from Democratic Republic of the Congo ($79.2M), Chile ($67.5M), Australia ($8.52M), Japan ($7.48M), and Philippines ($4.67M).

Growth In August 2024, the increase in Refined Copper's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Refined Copper's year-by-year imports was explained primarily by a decrease in imports from Chile ($-116M or -57.9%), Democratic Republic of the Congo ($-39.7M or -50.1%), and India ($-5.18M or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$26.7M(13%)
IMPORT GROWTH (August 2023 - August 2024)$-12M(-6.48%)
MAIN DESTINATION (August 2024)China$176M

This section shows Refined Copper'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 Refined Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.62B
IMPORTS (2022)$3.64B
NET TRADE (2022)-$1.02B

In 2022, South Korea exported $2.62B in Refined Copper. The main destinations of South Korea exports on Refined Copper were China ($1.94B), Malaysia ($193M), Vietnam ($186M), Thailand ($174M), and Indonesia ($53.2M).

In 2022, South Korea imported $3.64B in Refined Copper, mainly from Chile ($1.9B), Democratic Republic of the Congo ($806M), China ($416M), Australia ($115M), and Japan ($107M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Thailand$19.3M (12.5%)
Japan$10.1M (310%)
Singapore$8.21M (58.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY South Korea WERE (2021 - 2022):
Vietnam-$225M (-54.7%)
Chinese Taipei-$162M (-80.8%)
Malaysia-$148M (-43.4%)
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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 Refined Copper were:
Chile $18.4B
Democratic Republic of the Congo $16.3B
Russia $6.58B
In 2022, South Korea's main importing competitors in Refined Copper were:
China $34.7B
United States $6.16B
Germany $5.77B

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $176M
TOP IMPORT POTENTIALJapan+ $51.9M

Refined Copper’s highest export potential is China. With an export gap of $176M.   Refined Copper’s highest import potential is Japan with an import gap of $51.9M.

See methodology.

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