Sign In
Pricing

2022
Exports $1.18BWorld Rnk 11 / 94
Flag Rnk 88 / 1204
2022
Destination $40.6M United States
2021 - 2022
FASTEST GROWING MARKET $40.6MSwitzerland
2022
PRODUCT COMPLEXITY IN Platinum0.58Rnk 328 / 1025
2022
Imports $1.91BWorld Rnk 10 / 143
Flag Rnk 50 / 1213
2022
Origin $592M Japan
2021 - 2022
FASTEST GROWING ORIGIN $592MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.18B in Platinum, making it the 11th largest exporter of Platinum in the world. At the same year, Platinum was the 88th most exported product in South Korea. The main destination of Platinum exports from South Korea are: United States ($324M), United Kingdom ($295M), Japan ($131M), Canada ($119M), and Hong Kong ($81.6M).

The fastest growing export markets for Platinum of South Korea between 2021 and 2022 were Switzerland ($40.6M), Canada ($16.7M), and Italy ($10.6M).

Imports In 2022, South Korea imported $1.91B in Platinum, becoming the 10th largest importer of Platinum in the world. At the same year, Platinum was the 50th most imported product in South Korea. South Korea imports Platinum primarily from: Japan ($695M), United Kingdom ($395M), Norway ($215M), South Africa ($193M), and Belgium ($153M).

The fastest growing import markets in Platinum for South Korea between 2021 and 2022 were Japan ($592M), Italy ($10.8M), and Chinese Taipei ($28.2k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Platinum exports accounted up to $30.2M and imports accounted up to $70.3M, resulting in a negative trade balance of $40.1M. Between July 2023 and July 2024 the exports of South Korea's   Platinum have decreased by $-12.1M (-28.6%) from $42.3M to $30.2M, while imports decreased by $-58M (-45.2%) from $128M to $70.3M.

Destinations In July 2024, Platinum were exported mostly to United States ($17.6M), United Kingdom ($4.23M), Switzerland ($3.66M), Japan ($3.64M), and China ($316k), and were imported mostly from South Africa ($28.1M), United Kingdom ($13.3M), Japan ($12.6M), Belgium ($7.67M), and Switzerland ($5.1M).

Growth In July 2024, the decrease in Platinum's year-by-year exports was explained primarily by a decrease in exports to Germany ($-9.53M or -100%), United Kingdom ($-4.35M or -16.6%), and Hong Kong ($-2.98M or -59.2%). In July 2024, the decrease in Platinum's year-by-year imports was explained primarily by a decrease in imports from Japan ($-36.9M or -43.7%) and Germany ($-3.12M or -38.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-12.1M(-28.6%)
IMPORT GROWTH (July 2023 - July 2024)$-58M(-45.2%)
MAIN DESTINATION (July 2024)United States$17.6M

This section shows Platinum'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 Platinum over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$1.18B
IMPORTS (2022)$1.91B
NET TRADE (2022)-$729M

In 2022, South Korea exported $1.18B in Platinum. The main destinations of South Korea exports on Platinum were United States ($324M), United Kingdom ($295M), Japan ($131M), Canada ($119M), and Hong Kong ($81.6M).

In 2022, South Korea imported $1.91B in Platinum, mainly from Japan ($695M), United Kingdom ($395M), Norway ($215M), South Africa ($193M), and Belgium ($153M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Switzerland$40.6M (264%)
Canada$16.7M (16.3%)
Italy$10.6M (60%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY South Korea WERE (2021 - 2022):
United Kingdom-$197M (-40%)
Japan-$169M (-56.3%)
United States-$152M (-32%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Platinum were:
South Africa $19.1B
United Kingdom $8.43B
United States $7.9B
In 2022, South Korea's main importing competitors in Platinum were:
United States $13.2B
Germany $9.66B
Japan $9.48B

Explore Visualizations

Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $66.8M
TOP IMPORT POTENTIALRussia+ $55.3M

Platinum’s highest export potential is China. With an export gap of $66.8M.   Platinum’s highest import potential is Russia with an import gap of $55.3M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms