Tin articles in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $76.8M in Tin articles, making it the 17th largest exporter of Tin articles in the world. At the same year, Tin articles was the 76th most exported product in South Korea. The main destination of Tin articles exports from South Korea are: China ($19.8M), Chinese Taipei ($11.7M), Philippines ($11.2M), Vietnam ($10.8M), and India ($5.55M).

The fastest growing export markets for Tin articles of South Korea between 2021 and 2022 were India ($3.93M), Thailand ($3M), and China ($1.79M).

Imports In 2022, South Korea imported $536M in Tin articles, becoming the 6th largest importer of Tin articles in the world. At the same year, Tin articles was the 67th most imported product in South Korea. South Korea imports Tin articles primarily from: Indonesia ($277M), Thailand ($75.6M), China ($63.3M), Singapore ($53.4M), and Malaysia ($19.8M).

The fastest growing import markets in Tin articles for South Korea between 2021 and 2022 were Singapore ($40.7M), Indonesia ($9.88M), and Burma ($8.26M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS USA (7), CONTINENTAL MATERIALS INC (5), and VOLVO GROUP NORTH AMERICA LLC (4) were at the forefront of shipping Tin articles from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Tin articles exports accounted up to $5.9M and imports accounted up to $27.3M, resulting in a negative trade balance of $21.4M. Between March 2023 and March 2024 the exports of South Korea's Tin articles have decreased by $-3.54M (-37.5%) from $9.44M to $5.9M, while imports decreased by $-10.4M (-27.7%) from $37.7M to $27.3M.

Destinations In March 2024, Tin articles were exported mostly to China ($1.61M), Chinese Taipei ($1.25M), Japan ($669k), Vietnam ($617k), and Thailand ($307k), and were imported mostly from China ($7.21M), Belgium ($4.6M), Japan ($4.09M), Malaysia ($3.67M), and Thailand ($3.32M).

Growth In March 2024, the decrease in Tin articles's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.64M or -97%), Philippines ($-900k or -39.7%), and Vietnam ($-349k or -34.7%). In March 2024, the decrease in Tin articles's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-14.2M or -41.8%), Thailand ($-3.42M or -45.2%), and Netherlands ($-987k or -78.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-3.54M(-37.5%)

IMPORT GROWTH (March 2023 - March 2024)$-10.4M(-27.7%)

MAIN DESTINATION (March 2024)China$1.61M

This section shows Tin articles'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 Tin articles over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$76.8M

IMPORTS (2022)$536M

NET TRADE (2022)-$459M

In 2022, South Korea exported $76.8M in Tin articles. The main destinations of South Korea exports on Tin articles were China ($19.8M), Chinese Taipei ($11.7M), Philippines ($11.2M), Vietnam ($10.8M), and India ($5.55M).

In 2022, South Korea imported $536M in Tin articles, mainly from Indonesia ($277M), Thailand ($75.6M), China ($63.3M), Singapore ($53.4M), and Malaysia ($19.8M).

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