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2022
Exports $23.1MWorld Rnk 13 / 175
Flag Rnk 619 / 1204
2022
Destination $1.83M Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.83MUnited States
2022
PRODUCT COMPLEXITY IN Copper Fasteners1.39Rnk 71 / 1025
2022
Imports $8.93MWorld Rnk 37 / 221
Flag Rnk 955 / 1213
2022
Origin $644k China
2021 - 2022
FASTEST GROWING ORIGIN $644kThailand
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $23.1M in Copper Fasteners, making it the 13th largest exporter of Copper Fasteners in the world. At the same year, Copper Fasteners was the 619th most exported product in South Korea. The main destination of Copper Fasteners exports from South Korea are: Vietnam ($6.06M), United States ($5.2M), China ($2.12M), Japan ($1.7M), and Thailand ($1.56M).

The fastest growing export markets for Copper Fasteners of South Korea between 2021 and 2022 were United States ($1.83M), Hungary ($1.11M), and Spain ($964k).

Imports In 2022, South Korea imported $8.93M in Copper Fasteners, becoming the 37th largest importer of Copper Fasteners in the world. At the same year, Copper Fasteners was the 955th most imported product in South Korea. South Korea imports Copper Fasteners primarily from: China ($2.79M), Germany ($2.01M), Thailand ($1.3M), United States ($845k), and Chinese Taipei ($842k).

The fastest growing import markets in Copper Fasteners for South Korea between 2021 and 2022 were Thailand ($644k), United States ($418k), and China ($362k).

COMPANIES In 2023, leading companies such as Continental Materials (1) and Tesla (1) were at the forefront of shipping Copper Fasteners from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Copper Fasteners exports accounted up to $1.33M and imports accounted up to $937k, resulting in a positive trade balance of $388k. Between July 2023 and July 2024 the exports of South Korea's   Copper Fasteners have decreased by $-207k (-13.5%) from $1.53M to $1.33M, while imports increased by $187k (24.9%) from $750k to $937k.

Destinations In July 2024, Copper Fasteners were exported mostly to United States ($409k), Vietnam ($338k), China ($188k), Thailand ($155k), and Mexico ($44k), and were imported mostly from China ($322k), Thailand ($277k), United States ($189k), Germany ($69k), and Vietnam ($37k).

Growth In July 2024, the decrease in Copper Fasteners's year-by-year exports was explained primarily by a decrease in exports to United States ($-398k or -66.7%), Japan ($-229k or -67.2%), and Hong Kong ($-74k or -79.6%). In July 2024, the increase in Copper Fasteners's year-by-year imports was explained primarily by an increase in imports from United States ($140k or 500%) and Vietnam ($23k or 2.3k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-207k(-13.5%)
IMPORT GROWTH (July 2023 - July 2024)$187k(24.9%)
MAIN DESTINATION (July 2024)United States$409k

This section shows Copper Fasteners'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 Copper Fasteners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.1M
IMPORTS (2022)$8.93M
NET TRADE (2022)$14.2M

In 2022, South Korea exported $23.1M in Copper Fasteners. The main destinations of South Korea exports on Copper Fasteners were Vietnam ($6.06M), United States ($5.2M), China ($2.12M), Japan ($1.7M), and Thailand ($1.56M).

In 2022, South Korea imported $8.93M in Copper Fasteners, mainly from China ($2.79M), Germany ($2.01M), Thailand ($1.3M), United States ($845k), and Chinese Taipei ($842k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Fasteners EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$1.83M (54.2%)
Hungary$1.11M (18.1k%)
Spain$964k (103k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Fasteners BY South Korea WERE (2021 - 2022):
Thailand-$1.54M (-49.7%)
Vietnam-$300k (-4.71%)
China-$281k (-11.7%)
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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 Copper Fasteners were:
Germany $280M
China $243M
Italy $151M
In 2022, South Korea's main importing competitors in Copper Fasteners were:
United States $193M
Germany $153M
Mexico $90.4M

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Trade Value of Copper Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $674k
TOP IMPORT POTENTIALChina+ $1.27M

Copper Fasteners’s highest export potential is China. With an export gap of $674k.   Copper Fasteners’s highest import potential is China with an import gap of $1.27M.

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