2022
Exports
$344MWorld Rnk 7 / 102
Flag Rnk 199 / 1204
2022
PRODUCT COMPLEXITY IN Raw Copper
-2.2Rnk 1006 / 1025
2022
Imports
$416MWorld Rnk 8 / 152
Flag Rnk 218 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $344M in Raw Copper, making it the 7th largest exporter of Raw Copper in the world. At the same year, Raw Copper was the 199th most exported product in South Korea. The main destination of Raw Copper exports from South Korea are: China ($343M), Vietnam ($213k), Philippines ($66.6k), Azerbaijan ($42.5k), and India ($23k).

The fastest growing export markets for Raw Copper of South Korea between 2021 and 2022 were China ($13.2M), Vietnam ($80.3k), and Azerbaijan ($39.5k).

Imports In 2022, South Korea imported $416M in Raw Copper, becoming the 8th largest importer of Raw Copper in the world. At the same year, Raw Copper was the 218th most imported product in South Korea. South Korea imports Raw Copper primarily from: Chile ($369M), South Africa ($13.9M), Mozambique ($11.9M), United States ($7.69M), and Namibia ($7M).

The fastest growing import markets in Raw Copper for South Korea between 2021 and 2022 were Mozambique ($10.3M), South Africa ($8.26M), and Chile ($4.22M).

COMPANIES In 2023, leading companies such as Tesla (5) and General Motors (2) were at the forefront of shipping Raw Copper from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$27.6M(304%)
IMPORT GROWTH (July 2023 - July 2024)$16.8M(110%)
MAIN DESTINATION (July 2024)China$36.7M

This section shows Raw Copper'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 Raw Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$344M
IMPORTS (2022)$416M
NET TRADE (2022)-$72.3M

In 2022, South Korea exported $344M in Raw Copper. The main destinations of South Korea exports on Raw Copper were China ($343M), Vietnam ($213k), Philippines ($66.6k), Azerbaijan ($42.5k), and India ($23k).

In 2022, South Korea imported $416M in Raw Copper, mainly from Chile ($369M), South Africa ($13.9M), Mozambique ($11.9M), United States ($7.69M), and Namibia ($7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Copper EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$13.2M (4%)
Vietnam$80.3k (60.5%)
Azerbaijan$39.5k (1.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Copper BY South Korea WERE (2021 - 2022):
Cambodia-$1.16M (-100%)
Singapore-$54.3k (-83.4%)
Philippines-$42.6k (-39%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Raw Copper were:
Chile $2.97B
In 2022, South Korea's main importing competitors in Raw Copper were:
China $6.42B
India $2.06B

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Trade Value of Raw Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $252k
TOP IMPORT POTENTIALSouth Africa+ $7.27M

Raw Copper’s highest export potential is India. With an export gap of $252k.   Raw Copper’s highest import potential is South Africa with an import gap of $7.27M.

See methodology.

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