Niobium, Tantalum, Vanadium and Zirconium Ore in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $5.43M in Niobium, Tantalum, Vanadium and Zirconium Ore, making it the 39th largest exporter of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 816th most exported product in South Korea. The main destination of Niobium, Tantalum, Vanadium and Zirconium Ore exports from South Korea are: Vietnam ($3.53M), Thailand ($984k), Indonesia ($569k), Japan ($152k), and Cambodia ($130k).

The fastest growing export markets for Niobium, Tantalum, Vanadium and Zirconium Ore of South Korea between 2021 and 2022 were Thailand ($53.7k), Indonesia ($26.5k), and Singapore ($1.06k).

Imports In 2022, South Korea imported $11.3M in Niobium, Tantalum, Vanadium and Zirconium Ore, becoming the 24th largest importer of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 923rd most imported product in South Korea. South Korea imports Niobium, Tantalum, Vanadium and Zirconium Ore primarily from: South Africa ($5.04M), Australia ($2.65M), China ($2.5M), Thailand ($284k), and United States ($241k).

The fastest growing import markets in Niobium, Tantalum, Vanadium and Zirconium Ore for South Korea between 2021 and 2022 were China ($2.12M), United States ($188k), and Canada ($159k).

Latest Trends

July 2024

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Overview In July 2024 South Korea's Niobium, Tantalum, Vanadium and Zirconium Ore exports accounted up to $389k and imports accounted up to $467k, resulting in a negative trade balance of $78k. Between July 2023 and July 2024 the exports of South Korea's Niobium, Tantalum, Vanadium and Zirconium Ore have decreased by $-112k (-22.4%) from $501k to $389k, while imports decreased by $-86k (-15.6%) from $553k to $467k.

Destinations In July 2024, Niobium, Tantalum, Vanadium and Zirconium Ore were exported mostly to Vietnam ($278k), Indonesia ($110k), Germany ($1k), South Africa ($0), and China ($0), and were imported mostly from Australia ($220k), South Africa ($192k), China ($28k), Indonesia ($18k), and United States ($9k).

Growth In July 2024, the decrease in Niobium, Tantalum, Vanadium and Zirconium Ore's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-244k or -49.1%), Thailand ($-141k or -100%), and Indonesia ($-19k or -59.4%). In July 2024, the decrease in Niobium, Tantalum, Vanadium and Zirconium Ore's year-by-year imports was explained primarily by a decrease in imports from South Africa ($-589k or -69.2%) and Thailand ($-49k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-112k(-22.4%)

IMPORT GROWTH (July 2023 - July 2024)$-86k(-15.6%)

MAIN DESTINATION (July 2024)Vietnam$278k

This section shows Niobium, Tantalum, Vanadium and Zirconium 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 Niobium, Tantalum, Vanadium and Zirconium Ore over time.

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