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2022
Exports $108MWorld Rnk 10 / 179
Flag Rnk 364 / 1204
2022
Destination $6.77M Vietnam
2021 - 2022
FASTEST GROWING MARKET $6.77MChina
2022
PRODUCT COMPLEXITY IN Other Metal Fasteners0.83Rnk 230 / 1025
2022
Imports $34.8MWorld Rnk 34 / 214
Flag Rnk 747 / 1213
2022
Origin $1.71M China
2021 - 2022
FASTEST GROWING ORIGIN $1.71MFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $108M in Other Metal Fasteners, making it the 10th largest exporter of Other Metal Fasteners in the world. At the same year, Other Metal Fasteners was the 364th most exported product in South Korea. The main destination of Other Metal Fasteners exports from South Korea are: Vietnam ($37.7M), Indonesia ($13.4M), China ($12.2M), United States ($7.75M), and Hong Kong ($5.45M).

The fastest growing export markets for Other Metal Fasteners of South Korea between 2021 and 2022 were China ($6.77M), Dominican Republic ($1.79M), and Vietnam ($886k).

Imports In 2022, South Korea imported $34.8M in Other Metal Fasteners, becoming the 34th largest importer of Other Metal Fasteners in the world. At the same year, Other Metal Fasteners was the 747th most imported product in South Korea. South Korea imports Other Metal Fasteners primarily from: China ($21.2M), United States ($4.02M), France ($3.12M), Chinese Taipei ($1.22M), and Germany ($1.07M).

The fastest growing import markets in Other Metal Fasteners for South Korea between 2021 and 2022 were France ($1.71M), United States ($1.48M), and China ($1.21M).

COMPANIES In 2023, leading companies such as General Motors (1) were at the forefront of shipping Other Metal Fasteners from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Other Metal Fasteners exports accounted up to $5.6M and imports accounted up to $2.06M, resulting in a positive trade balance of $3.54M. Between September 2023 and September 2024 the exports of South Korea's   Other Metal Fasteners have increased by $109k (1.98%) from $5.49M to $5.6M, while imports decreased by $-271k (-11.6%) from $2.33M to $2.06M.

Destinations In September 2024, Other Metal Fasteners were exported mostly to Vietnam ($1.55M), China ($875k), Indonesia ($845k), United States ($540k), and Bangladesh ($481k), and were imported mostly from China ($1.33M), France ($263k), United States ($162k), Japan ($70k), and Italy ($70k).

Growth In September 2024, the increase in Other Metal Fasteners's year-by-year exports was explained primarily by an increase in exports to China ($394k or 114%), Cambodia ($159k or 90.9%), and Japan ($84k or 49.7%). In September 2024, the decrease in Other Metal Fasteners's year-by-year imports was explained primarily by a decrease in imports from China ($-801k or -33.2%), United States ($-293k or -72.5%), and Vietnam ($-26k or -81.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$109k(1.98%)
IMPORT GROWTH (September 2023 - September 2024)$-271k(-11.6%)
MAIN DESTINATION (September 2024)Vietnam$1.55M

This section shows Other Metal 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 Other Metal Fasteners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$108M
IMPORTS (2022)$34.8M
NET TRADE (2022)$73.6M

In 2022, South Korea exported $108M in Other Metal Fasteners. The main destinations of South Korea exports on Other Metal Fasteners were Vietnam ($37.7M), Indonesia ($13.4M), China ($12.2M), United States ($7.75M), and Hong Kong ($5.45M).

In 2022, South Korea imported $34.8M in Other Metal Fasteners, mainly from China ($21.2M), United States ($4.02M), France ($3.12M), Chinese Taipei ($1.22M), and Germany ($1.07M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Other Metal Fasteners EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$6.77M (125%)
Dominican Republic$1.79M (2.42k%)
Vietnam$886k (2.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Metal Fasteners BY South Korea WERE (2021 - 2022):
Hong Kong-$7.85M (-59%)
Saudi Arabia-$1.58M (-99.6%)
Burma-$879k (-57.8%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Other Metal Fasteners were:
China $1.78B
Italy $571M
Germany $272M
In 2022, South Korea's main importing competitors in Other Metal Fasteners were:
France $461M
Germany $318M
United States $298M

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Trade Value of Other Metal Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.55M
TOP IMPORT POTENTIALChina+ $7.42M

Other Metal Fasteners’s highest export potential is India. With an export gap of $2.55M.   Other Metal Fasteners’s highest import potential is China with an import gap of $7.42M.

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