Miscellaneous metal products in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $1.66B in Miscellaneous metal products, making it the 13th largest exporter of Miscellaneous metal products in the world. At the same year, Miscellaneous metal products was the 31st most exported product in South Korea. The main destination of Miscellaneous metal products exports from South Korea are: United States ($520M), Mexico ($120M), Vietnam ($117M), China ($106M), and India ($85.1M).

The fastest growing export markets for Miscellaneous metal products of South Korea between 2021 and 2022 were United States ($72.7M), Mexico ($20.7M), and India ($10.6M).

Imports In 2022, South Korea imported $951M in Miscellaneous metal products, becoming the 26th largest importer of Miscellaneous metal products in the world. At the same year, Miscellaneous metal products was the 60th most imported product in South Korea. South Korea imports Miscellaneous metal products primarily from: China ($561M), Vietnam ($99.3M), United States ($64.3M), Germany ($56.1M), and Japan ($29.4M).

The fastest growing import markets in Miscellaneous metal products for South Korea between 2021 and 2022 were Vietnam ($5.66M), China ($4.83M), and Chinese Taipei ($3.05M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (4.12k), LG ELECTRONICS U.S.A. INC. (534), and CNH INDUSTRIAL AMERICA LLC (460) were at the forefront of shipping Miscellaneous metal products from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Miscellaneous metal products exports accounted up to $139M and imports accounted up to $65.7M, resulting in a positive trade balance of $73.6M. Between February 2023 and February 2024 the exports of South Korea's Miscellaneous metal products have increased by $11.1M (8.7%) from $128M to $139M, while imports increased by $3.85M (6.22%) from $61.8M to $65.7M.

Destinations In February 2024, Miscellaneous metal products were exported mostly to United States ($46.3M), Vietnam ($9.59M), Mexico ($9.59M), Czechia ($8.29M), and India ($7.74M), and were imported mostly from China ($37.9M), Vietnam ($6.88M), United States ($5.04M), Germany ($4.1M), and Japan ($2.17M).

Growth In February 2024, the increase in Miscellaneous metal products's year-by-year exports was explained primarily by an increase in exports to India ($2.01M or 36.9%), Samoa ($1.21M or 225%), and Czechia ($716k or 10.1%). In February 2024, the increase in Miscellaneous metal products's year-by-year imports was explained primarily by an increase in imports from France ($554k or 80.4%), Italy ($364k or 68.2%), and Thailand ($357k or 893%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$11.1M(8.7%)

IMPORT GROWTH (February 2023 - February 2024)$3.85M(6.22%)

MAIN DESTINATION (February 2024)United States$46.3M

This section shows Miscellaneous metal products'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 Miscellaneous metal products over time.

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