2022
PRODUCT COMPLEXITY IN Nickel Powder
-0.1Rnk 583 / 1025
2022
Imports
falseWorld Rnk 2 / 117
Flag Rnk 213 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported N/A in Nickel Powder, making it the 13th largest exporter of Nickel Powder in the world. At the same year, Nickel Powder was the 634th most exported product in South Korea. The main destination of Nickel Powder exports from South Korea are: China ($12.9M), Philippines ($3.64M), Japan ($2.17M), Vietnam ($1.35M), and Chinese Taipei ($603k).

The fastest growing export markets for Nickel Powder of South Korea between 2021 and 2022 were China ($6.62M), Philippines ($3.62M), and Malaysia ($576k).

Imports In 2022, South Korea imported $432M in Nickel Powder, becoming the 2nd largest importer of Nickel Powder in the world. At the same year, Nickel Powder was the 213th most imported product in South Korea. South Korea imports Nickel Powder primarily from: Australia ($205M), Japan ($88.8M), China ($73.3M), Canada ($22.3M), and Finland ($22.2M).

The fastest growing import markets in Nickel Powder for South Korea between 2021 and 2022 were Australia ($24.7M), Canada ($9.04M), and Finland ($5.56M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$245k(107%)
IMPORT GROWTH (July 2023 - July 2024)$-15.2M(-31%)
MAIN DESTINATION (July 2024)Vietnam$142k

This section shows Nickel Powder'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 Nickel Powder over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$432M

In N/A, South Korea exported N/A in Nickel Powder. The main destinations of South Korea exports on Nickel Powder were China ($12.9M), Philippines ($3.64M), Japan ($2.17M), Vietnam ($1.35M), and Chinese Taipei ($603k).

In 2022, South Korea imported $432M in Nickel Powder, mainly from Australia ($205M), Japan ($88.8M), China ($73.3M), Canada ($22.3M), and Finland ($22.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Powder EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$6.62M (105%)
Philippines$3.62M (16.1k%)
Malaysia$576k (253k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Powder BY South Korea WERE (2021 - 2022):
Japan-$497k (-18.6%)
Turkey-$70.1k (-100%)
Germany-$34.9k (-91%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Nickel Powder were:
In 2022, South Korea's main importing competitors in Nickel Powder were:

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Trade Value of Nickel Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.38M
TOP IMPORT POTENTIALUnited Kingdom+ $2.3M

Nickel Powder’s highest export potential is China. With an export gap of $3.38M.   Nickel Powder’s highest import potential is United Kingdom with an import gap of $2.3M.

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