Precious Metal Compounds in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $99M in Precious Metal Compounds, making it the 12th largest exporter of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 377th most exported product in South Korea. The main destination of Precious Metal Compounds exports from South Korea are: Vietnam ($45M), China ($38.1M), Malaysia ($4.84M), Indonesia ($3.8M), and Hong Kong ($3.43M).

The fastest growing export markets for Precious Metal Compounds of South Korea between 2021 and 2022 were Malaysia ($4.8M), Hong Kong ($3.36M), and United Arab Emirates ($704k).

Imports In 2022, South Korea imported $168M in Precious Metal Compounds, becoming the 23rd largest importer of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 402nd most imported product in South Korea. South Korea imports Precious Metal Compounds primarily from: Germany ($78.4M), United States ($46.5M), Japan ($23.3M), Peru ($9.24M), and China ($5.49M).

The fastest growing import markets in Precious Metal Compounds for South Korea between 2021 and 2022 were Mexico ($1.92M), China ($927k), and Netherlands ($88.8k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Precious Metal Compounds from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Precious Metal Compounds exports accounted up to $16.3M and imports accounted up to $9.74M, resulting in a positive trade balance of $6.52M. Between February 2023 and February 2024 the exports of South Korea's Precious Metal Compounds have increased by $3.35M (26%) from $12.9M to $16.3M, while imports decreased by $-2.84M (-22.6%) from $12.6M to $9.74M.

Destinations In February 2024, Precious Metal Compounds were exported mostly to Vietnam ($5.2M), Hong Kong ($4.29M), China ($4.18M), Malaysia ($1.92M), and Germany ($376k), and were imported mostly from Germany ($3.84M), United States ($3.4M), Mexico ($768k), Brazil ($592k), and Japan ($564k).

Growth In February 2024, the increase in Precious Metal Compounds's year-by-year exports was explained primarily by an increase in exports to Indonesia ($7k or 1.74%). In February 2024, the decrease in Precious Metal Compounds's year-by-year imports was explained primarily by a decrease in imports from Germany ($-1.34M or -16.7%), Japan ($-766k or -63.9%), and United States ($-273k or -10.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$3.35M(26%)

IMPORT GROWTH (February 2023 - February 2024)$-2.84M(-22.6%)

MAIN DESTINATION (February 2024)Vietnam$5.2M

This section shows Precious Metal Compounds'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 Precious Metal Compounds over time.

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