2022
Exports
$1.69BWorld Rnk 6 / 144
Flag Rnk 61 / 1204
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$133MWorld Rnk 22 / 182
Flag Rnk 450 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.69B in Silver, making it the 6th largest exporter of Silver in the world. At the same year, Silver was the 61st most exported product in South Korea. The main destination of Silver exports from South Korea are: Japan ($822M), United States ($261M), Australia ($130M), Canada ($117M), and Hong Kong ($111M).

The fastest growing export markets for Silver of South Korea between 2021 and 2022 were Australia ($112M), India ($40M), and United States ($37.4M).

Imports In 2022, South Korea imported $133M in Silver, becoming the 22nd largest importer of Silver in the world. At the same year, Silver was the 450th most imported product in South Korea. South Korea imports Silver primarily from: Japan ($62.9M), United States ($52.3M), France ($4.14M), Germany ($3.76M), and Chinese Taipei ($1.87M).

The fastest growing import markets in Silver for South Korea between 2021 and 2022 were Indonesia ($77k), Czechia ($9.77k), and New Zealand ($9.46k).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$20.8M(12.7%)
IMPORT GROWTH (August 2023 - August 2024)$831k(6.57%)
MAIN DESTINATION (August 2024)Japan$91M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.69B
IMPORTS (2022)$133M
NET TRADE (2022)$1.55B

In 2022, South Korea exported $1.69B in Silver. The main destinations of South Korea exports on Silver were Japan ($822M), United States ($261M), Australia ($130M), Canada ($117M), and Hong Kong ($111M).

In 2022, South Korea imported $133M in Silver, mainly from Japan ($62.9M), United States ($52.3M), France ($4.14M), Germany ($3.76M), and Chinese Taipei ($1.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Australia$112M (619%)
India$40M (1.11k%)
United States$37.4M (16.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY South Korea WERE (2021 - 2022):
Japan-$517M (-38.6%)
Thailand-$34.3M (-54.7%)
China-$8.96M (-24.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Silver were:
In 2022, South Korea's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $32.6M
TOP IMPORT POTENTIALChina+ $4.65M

Silver’s highest export potential is China. With an export gap of $32.6M.   Silver’s highest import potential is China with an import gap of $4.65M.

See methodology.

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