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2022
Exports $3.43MWorld Rnk 13 / 65
Flag Rnk 866 / 1204
2022
Destination $3.34M Vietnam
2021 - 2022
FASTEST GROWING MARKET $3.34MVietnam
2022
Imports $1.43MWorld Rnk 14 / 65
Flag Rnk 1120 / 1213
2022
Origin $785k Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $785kChinese Taipei
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.43M in Tungsten Ore, making it the 13th largest exporter of Tungsten Ore in the world. At the same year, Tungsten Ore was the 866th most exported product in South Korea. The main destination of Tungsten Ore exports from South Korea are: Vietnam ($3.42M) and Portugal ($3.33k).

The fastest growing export markets for Tungsten Ore of South Korea between 2021 and 2022 were Vietnam ($3.34M).

Imports In 2022, South Korea imported $1.43M in Tungsten Ore, becoming the 14th largest importer of Tungsten Ore in the world. At the same year, Tungsten Ore was the 1120th most imported product in South Korea. South Korea imports Tungsten Ore primarily from: Chinese Taipei ($785k), Japan ($557k), China ($49k), United States ($33.6k), and Belgium ($2.58k).

The fastest growing import markets in Tungsten Ore for South Korea between 2021 and 2022 were Chinese Taipei ($785k), Japan ($557k), and United States ($33.5k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Tungsten Ore exports accounted up to $431k and imports accounted up to $14k, resulting in a positive trade balance of $417k. Between July 2023 and July 2024 the exports of South Korea's   Tungsten Ore have increased by $431k (N/A%) from $0 to $431k, while imports increased by $1k (7.69%) from $13k to $14k.

Destinations In July 2024, Tungsten Ore were exported mostly to Vietnam ($431k), China ($0), and Mongolia ($0), and were imported mostly from China ($12k), Mongolia ($2k), and Vietnam ($0).

Growth In July 2024, the increase in Tungsten Ore's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Tungsten Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$431k(N/A%)
IMPORT GROWTH (July 2023 - July 2024)$1k(7.69%)
MAIN DESTINATION (July 2024)Vietnam$431k

This section shows Tungsten Ore'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 Tungsten Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.43M
IMPORTS (2022)$1.43M
NET TRADE (2022)$2M

In 2022, South Korea exported $3.43M in Tungsten Ore. The main destinations of South Korea exports on Tungsten Ore were Vietnam ($3.42M) and Portugal ($3.33k).

In 2022, South Korea imported $1.43M in Tungsten Ore, mainly from Chinese Taipei ($785k), Japan ($557k), China ($49k), United States ($33.6k), and Belgium ($2.58k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tungsten Ore EXPORT MARKETS FOR South Korea WERE (2021 - 2022):Vietnam$3.34M (4.05k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten Ore BY South Korea WERE (2021 - 2022):
Japan-$873 (-100%)
Portugal-$662 (-16.6%)
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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 Tungsten Ore were:
Rwanda $52.7M
Spain $40.7M
North Korea $30.9M
In 2022, South Korea's main importing competitors in Tungsten Ore were:
China $60.3M
United States $48.2M
Austria $41.4M

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Trade Value of Tungsten Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPortugal+ $2.84k
TOP IMPORT POTENTIALChina+ $21.3k

Tungsten Ore’s highest export potential is Portugal. With an export gap of $2.84k.   Tungsten Ore’s highest import potential is China with an import gap of $21.3k.

See methodology.

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