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2022
Exports $62.5MWorld Rnk 11 / 131
Flag Rnk 448 / 1204
2022
Destination $3.87M China
2021 - 2022
FASTEST GROWING MARKET $3.87MChina
2022
PRODUCT COMPLEXITY IN Stranded Copper Wire-0.3Rnk 650 / 1025
2022
Imports $5.92MWorld Rnk 44 / 211
Flag Rnk 1000 / 1213
2022
Origin $888k Chile
2021 - 2022
FASTEST GROWING ORIGIN $888kChile
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $62.5M in Stranded Copper Wire, making it the 11th largest exporter of Stranded Copper Wire in the world. At the same year, Stranded Copper Wire was the 448th most exported product in South Korea. The main destination of Stranded Copper Wire exports from South Korea are: China ($56.7M), Vietnam ($1.78M), United States ($1.25M), Guam ($606k), and Saudi Arabia ($498k).

The fastest growing export markets for Stranded Copper Wire of South Korea between 2021 and 2022 were China ($3.87M), United States ($1.15M), and Guam ($606k).

Imports In 2022, South Korea imported $5.92M in Stranded Copper Wire, becoming the 44th largest importer of Stranded Copper Wire in the world. At the same year, Stranded Copper Wire was the 1000th most imported product in South Korea. South Korea imports Stranded Copper Wire primarily from: Chile ($2.92M), United States ($1.59M), Vietnam ($394k), China ($306k), and Japan ($181k).

The fastest growing import markets in Stranded Copper Wire for South Korea between 2021 and 2022 were Chile ($888k), Vietnam ($343k), and Mexico ($85.4k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Stranded Copper Wire exports accounted up to $5.19M and imports accounted up to $631k, resulting in a positive trade balance of $4.56M. Between July 2023 and July 2024 the exports of South Korea's   Stranded Copper Wire have decreased by $-2.03M (-28.1%) from $7.23M to $5.19M, while imports increased by $304k (93%) from $327k to $631k.

Destinations In July 2024, Stranded Copper Wire were exported mostly to China ($4.82M), Vietnam ($97k), United States ($88k), Saudi Arabia ($45k), and India ($43k), and were imported mostly from Vietnam ($261k), United States ($138k), Germany ($44k), France ($44k), and Israel ($43k).

Growth In July 2024, the decrease in Stranded Copper Wire's year-by-year exports was explained primarily by a decrease in exports to China ($-413k or -7.67%), Vietnam ($-178k or -73.3%), and Malaysia ($-54k or -90%). In July 2024, the increase in Stranded Copper Wire's year-by-year imports was explained primarily by an increase in imports from Germany ($2k or 200%) and United States ($1k or 11.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.03M(-28.1%)
IMPORT GROWTH (July 2023 - July 2024)$304k(93%)
MAIN DESTINATION (July 2024)China$4.82M

This section shows Stranded Copper Wire'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 Stranded Copper Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$62.5M
IMPORTS (2022)$5.92M
NET TRADE (2022)$56.6M

In 2022, South Korea exported $62.5M in Stranded Copper Wire. The main destinations of South Korea exports on Stranded Copper Wire were China ($56.7M), Vietnam ($1.78M), United States ($1.25M), Guam ($606k), and Saudi Arabia ($498k).

In 2022, South Korea imported $5.92M in Stranded Copper Wire, mainly from Chile ($2.92M), United States ($1.59M), Vietnam ($394k), China ($306k), and Japan ($181k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Copper Wire EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$3.87M (7.33%)
United States$1.15M (1.22k%)
Guam$606k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Copper Wire BY South Korea WERE (2021 - 2022):
Malaysia-$135k (-48.6%)
Algeria-$102k (-100%)
Vietnam-$99.1k (-5.26%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Stranded Copper Wire were:
Turkey $599M
United States $410M
Germany $388M
In 2022, South Korea's main importing competitors in Stranded Copper Wire were:
Italy $255M
Germany $224M
Mexico $208M

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Trade Value of Stranded Copper Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $990k
TOP IMPORT POTENTIALChina+ $544k

Stranded Copper Wire’s highest export potential is United States. With an export gap of $990k.   Stranded Copper Wire’s highest import potential is China with an import gap of $544k.

See methodology.

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