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2022
Exports $173MWorld Rnk 36 / 196
Flag Rnk 305 / 1204
2022
Destination $4.88M China
2021 - 2022
FASTEST GROWING MARKET $4.88MChina
2022
PRODUCT COMPLEXITY IN Scrap Copper-0.9Rnk 809 / 1025
2022
Imports $2.32BWorld Rnk 3 / 147
Flag Rnk 38 / 1213
2022
Origin $45.4M United States
2021 - 2022
FASTEST GROWING ORIGIN $45.4MMexico
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $173M in Scrap Copper, making it the 36th largest exporter of Scrap Copper in the world. At the same year, Scrap Copper was the 305th most exported product in South Korea. The main destination of Scrap Copper exports from South Korea are: China ($139M), Japan ($13M), Malaysia ($6.33M), Thailand ($4.42M), and Hong Kong ($3.86M).

The fastest growing export markets for Scrap Copper of South Korea between 2021 and 2022 were China ($4.88M), Thailand ($2.79M), and Greece ($788k).

Imports In 2022, South Korea imported $2.32B in Scrap Copper, becoming the 3rd largest importer of Scrap Copper in the world. At the same year, Scrap Copper was the 38th most imported product in South Korea. South Korea imports Scrap Copper primarily from: United States ($437M), Saudi Arabia ($262M), Mexico ($178M), Philippines ($132M), and United Arab Emirates ($111M).

The fastest growing import markets in Scrap Copper for South Korea between 2021 and 2022 were Mexico ($45.4M), Nigeria ($43.9M), and Saudi Arabia ($41.6M).

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Scrap Copper exports accounted up to $21.6M and imports accounted up to $243M, resulting in a negative trade balance of $221M. Between August 2023 and August 2024 the exports of South Korea's   Scrap Copper have increased by $2.63M (13.9%) from $18.9M to $21.6M, while imports increased by $66.4M (37.6%) from $177M to $243M.

Destinations In August 2024, Scrap Copper were exported mostly to China ($16.4M), Japan ($1.94M), Malaysia ($1.85M), Thailand ($747k), and Chinese Taipei ($314k), and were imported mostly from United States ($33.9M), Mexico ($26.1M), Saudi Arabia ($16.7M), Chile ($11.3M), and Japan ($11M).

Growth In August 2024, the increase in Scrap Copper's year-by-year exports was explained primarily by an increase in exports to Thailand ($64k or 23.4%) and China ($42k or 0.86%). In August 2024, the increase in Scrap Copper's year-by-year imports was explained primarily by an increase in imports from Philippines ($5.11M or 59%), Japan ($3.72M or 191%), and Chinese Taipei ($2.41M or 42.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$2.63M(13.9%)
IMPORT GROWTH (August 2023 - August 2024)$66.4M(37.6%)
MAIN DESTINATION (August 2024)China$16.4M

This section shows Scrap 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 Scrap Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$173M
IMPORTS (2022)$2.32B
NET TRADE (2022)-$2.15B

In 2022, South Korea exported $173M in Scrap Copper. The main destinations of South Korea exports on Scrap Copper were China ($139M), Japan ($13M), Malaysia ($6.33M), Thailand ($4.42M), and Hong Kong ($3.86M).

In 2022, South Korea imported $2.32B in Scrap Copper, mainly from United States ($437M), Saudi Arabia ($262M), Mexico ($178M), Philippines ($132M), and United Arab Emirates ($111M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Copper EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$4.88M (3.63%)
Thailand$2.79M (171%)
Greece$788k (55%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Copper BY South Korea WERE (2021 - 2022):
Hong Kong-$11.7M (-75.2%)
Japan-$6.21M (-32.3%)
Malaysia-$4.15M (-39.6%)
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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 Scrap Copper were:
United States $5.05B
Germany $2.23B
Japan $2.02B
In 2022, South Korea's main importing competitors in Scrap Copper were:
China $9.38B
Germany $3.52B

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Trade Value of Scrap Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $25M
TOP IMPORT POTENTIALJapan+ $28.3M

Scrap Copper’s highest export potential is China. With an export gap of $25M.   Scrap Copper’s highest import potential is Japan with an import gap of $28.3M.

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