Silver in South Korea | The Observatory of Economic Complexity

About

Exports In 2023, South Korea exported $1.96B in Silver, making it the 3rd largest exporter of Silver in the world. At the same year, Silver was the 50th most exported product in South Korea. The main destination of Silver exports from South Korea are: Japan ($788M), United States ($472M), Canada ($226M), Australia ($158M), and Hong Kong ($127M).

The fastest growing export markets for Silver of South Korea between 2022 and 2023 were United States ($178M), Canada ($63.5M), and Hong Kong ($34.5M).

Imports In 2023, South Korea imported $131M in Silver, becoming the 21st largest importer of Silver in the world. At the same year, Silver was the 423rd most imported product in South Korea. South Korea imports Silver primarily from: Japan ($65.6M), United States ($51.5M), Ghana ($4.72M), Germany ($3.33M), and France ($2.67M).

The fastest growing import markets in Silver for South Korea between 2022 and 2023 were Japan ($9.74M), Ghana ($4.72M), and Germany ($61.9k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Silver exports accounted up to $165M and imports accounted up to $15.5M, resulting in a positive trade balance of $150M. Between December 2023 and December 2024 the exports of South Korea's Silver have decreased by $-5.49M (-3.22%) from $171M to $165M, while imports increased by $3.15M (25.5%) from $12.4M to $15.5M.

Destinations In December 2024, Silver were exported mostly to Japan ($62.5M), Hong Kong ($52.2M), Australia ($20.9M), Thailand ($14.9M), and China ($3.32M), and were imported mostly from United States ($5.27M), Germany ($4.55M), Japan ($3.78M), Chinese Taipei ($983k), and France ($376k).

Growth In December 2024, the decrease in Silver's year-by-year exports was explained primarily by a decrease in exports to United States ($-20.5M or -91.3%), Australia ($-15.1M or -98.2%), and Canada ($-13.5M or -100%). In December 2024, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from United States ($1.86M or 69.6%), Chinese Taipei ($395k or 590%), and China ($308k or 416%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$-5.49M(-3.22%)

IMPORT GROWTH (December 2023 - December 2024)$3.15M(25.5%)

MAIN DESTINATION (December 2024)Japan$62.5M

This section shows Silver'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 Silver over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$1.96B

IMPORTS (2023)$131M

NET TRADE (2023)$1.83B

In 2023, South Korea exported $1.96B in Silver. The main destinations of South Korea exports on Silver were Japan ($788M), United States ($472M), Canada ($226M), Australia ($158M), and Hong Kong ($127M).

In 2023, South Korea imported $131M in Silver, mainly from Japan ($65.6M), United States ($51.5M), Ghana ($4.72M), Germany ($3.33M), and France ($2.67M).

Explore Visualizations