2022
Exports
$28.1MWorld Rnk 13 / 117
Flag Rnk 588 / 1204
2022
PRODUCT COMPLEXITY IN Stranded Aluminium Wire
-0.74Rnk 768 / 1025
2022
Imports
$46.7MWorld Rnk 8 / 203
Flag Rnk 684 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $28.1M in Stranded Aluminium Wire, making it the 13th largest exporter of Stranded Aluminium Wire in the world. At the same year, Stranded Aluminium Wire was the 588th most exported product in South Korea. The main destination of Stranded Aluminium Wire exports from South Korea are: Italy ($16.3M), Chile ($3.58M), Philippines ($3.44M), Chinese Taipei ($1.81M), and United States ($737k).

The fastest growing export markets for Stranded Aluminium Wire of South Korea between 2021 and 2022 were Italy ($3.29M), Chile ($2.09M), and Philippines ($712k).

Imports In 2022, South Korea imported $46.7M in Stranded Aluminium Wire, becoming the 8th largest importer of Stranded Aluminium Wire in the world. At the same year, Stranded Aluminium Wire was the 684th most imported product in South Korea. South Korea imports Stranded Aluminium Wire primarily from: China ($45.1M), Philippines ($1.04M), Germany ($109k), United States ($101k), and Spain ($98.4k).

The fastest growing import markets in Stranded Aluminium Wire for South Korea between 2021 and 2022 were United States ($77.7k), Slovenia ($60.1k), and China ($45.4k).

COMPANIES In 2023, leading companies such as LG Electronics (5), Tesla (5), and Ford Motor Company (1) were at the forefront of shipping Stranded Aluminium Wire from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.05M(-40.5%)
IMPORT GROWTH (July 2023 - July 2024)$3.09M(698%)
MAIN DESTINATION (July 2024)Ethiopia$1.89M

This section shows Stranded Aluminium Wire'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 Stranded Aluminium Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$28.1M
IMPORTS (2022)$46.7M
NET TRADE (2022)-$18.5M

In 2022, South Korea exported $28.1M in Stranded Aluminium Wire. The main destinations of South Korea exports on Stranded Aluminium Wire were Italy ($16.3M), Chile ($3.58M), Philippines ($3.44M), Chinese Taipei ($1.81M), and United States ($737k).

In 2022, South Korea imported $46.7M in Stranded Aluminium Wire, mainly from China ($45.1M), Philippines ($1.04M), Germany ($109k), United States ($101k), and Spain ($98.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Aluminium Wire EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Italy$3.29M (25.2%)
Chile$2.09M (140%)
Philippines$712k (26.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Aluminium Wire BY South Korea WERE (2021 - 2022):
Tanzania-$6.58M (-97.3%)
Chinese Taipei-$3.37M (-65%)
India-$371k (-99.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Stranded Aluminium Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $941k
TOP IMPORT POTENTIALUnited States+ $99.7k

Stranded Aluminium Wire’s highest export potential is United States. With an export gap of $941k.   Stranded Aluminium Wire’s highest import potential is United States with an import gap of $99.7k.

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