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2022
Exports $36.2MWorld Rnk 34 / 114
Flag Rnk 543 / 1204
2022
Destination $9.38M Australia
2021 - 2022
FASTEST GROWING MARKET $9.38MAustralia
2022
PRODUCT COMPLEXITY IN Zinc Ore-1.4Rnk 933 / 1025
2022
Imports $1.91BWorld Rnk 2 / 102
Flag Rnk 49 / 1213
2022
Origin $157M Australia
2021 - 2022
FASTEST GROWING ORIGIN $157MMexico
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $36.2M in Zinc Ore, making it the 34th largest exporter of Zinc Ore in the world. At the same year, Zinc Ore was the 543rd most exported product in South Korea. The main destination of Zinc Ore exports from South Korea are: Australia ($29.9M), Japan ($4.39M), China ($1.84M), Netherlands ($6.88k), and Belgium ($71).

The fastest growing export markets for Zinc Ore of South Korea between 2021 and 2022 were Australia ($9.38M), China ($1.82M), and Netherlands ($3.25k).

Imports In 2022, South Korea imported $1.91B in Zinc Ore, becoming the 2nd largest importer of Zinc Ore in the world. At the same year, Zinc Ore was the 49th most imported product in South Korea. South Korea imports Zinc Ore primarily from: Australia ($494M), Mexico ($398M), United States ($309M), Bolivia ($219M), and Peru ($197M).

The fastest growing import markets in Zinc Ore for South Korea between 2021 and 2022 were Mexico ($157M), United States ($101M), and Bolivia ($84M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Zinc Ore exports accounted up to $160k and imports accounted up to $162M, resulting in a negative trade balance of $161M. Between July 2023 and July 2024 the exports of South Korea's   Zinc Ore have decreased by $-5.6M (-97.2%) from $5.76M to $160k, while imports increased by $101M (166%) from $60.7M to $162M.

Destinations In July 2024, Zinc Ore were exported mostly to Japan ($160k), China ($0), Turkey ($0), Spain ($0), and Russia ($0), and were imported mostly from Mexico ($114M), Bolivia ($13.3M), Australia ($12.2M), United States ($11.1M), and Turkey ($4.13M).

Growth In July 2024, the decrease in Zinc Ore's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Zinc Ore's year-by-year imports was explained primarily by an increase in imports from Mexico ($68.6M or 169%), United States ($5.28M or 58.7%), and Thailand ($19k or 95%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-5.6M(-97.2%)
IMPORT GROWTH (July 2023 - July 2024)$101M(166%)
MAIN DESTINATION (July 2024)Japan$160k

This section shows Zinc 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 Zinc Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$36.2M
IMPORTS (2022)$1.91B
NET TRADE (2022)-$1.88B

In 2022, South Korea exported $36.2M in Zinc Ore. The main destinations of South Korea exports on Zinc Ore were Australia ($29.9M), Japan ($4.39M), China ($1.84M), Netherlands ($6.88k), and Belgium ($71).

In 2022, South Korea imported $1.91B in Zinc Ore, mainly from Australia ($494M), Mexico ($398M), United States ($309M), Bolivia ($219M), and Peru ($197M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Zinc Ore EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Australia$9.38M (45.6%)
China$1.82M (10.1k%)
Netherlands$3.25k (89.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Zinc Ore BY South Korea WERE (2021 - 2022):
Japan-$1.13M (-20.4%)
Honduras-$76 (-100%)
Canada-$4 (-100%)
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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 Zinc Ore were:
Australia $2.21B
Bolivia $1.68B
United States $1.65B
In 2022, South Korea's main importing competitors in Zinc Ore were:
China $4.02B
Japan $1.52B

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Trade Value of Zinc Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.85M
TOP IMPORT POTENTIALRussia+ $12.2M

Zinc Ore’s highest export potential is China. With an export gap of $3.85M.   Zinc Ore’s highest import potential is Russia with an import gap of $12.2M.

See methodology.

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