Precious stones, metals, & pearls in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $5.07B in Precious stones, metals, & pearls, making it the 33rd largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 18th most exported product in South Korea. The main destination of Precious stones, metals, & pearls exports from South Korea are: Japan ($1.11B), United States ($782M), Hong Kong ($565M), Singapore ($386M), and United Kingdom ($372M).

The fastest growing export markets for Precious stones, metals, & pearls of South Korea between 2021 and 2022 were Singapore ($330M), Thailand ($137M), and Switzerland ($134M).

Imports In 2022, South Korea imported $5.67B in Precious stones, metals, & pearls, becoming the 23rd largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 19th most imported product in South Korea. South Korea imports Precious stones, metals, & pearls primarily from: Japan ($1.19B), Australia ($747M), United States ($551M), United Kingdom ($424M), and Switzerland ($379M).

The fastest growing import markets in Precious stones, metals, & pearls for South Korea between 2021 and 2022 were Japan ($571M), United Arab Emirates ($129M), and Italy ($70.3M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTORNICS AMERICA, INC. (39), STELFAST INC (34), and LG ELECTRONICS USA (8) were at the forefront of shipping Precious stones, metals, & pearls from South Korea to the United States.

Latest Trends

March 2024

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Overview In March 2024 South Korea's Precious stones, metals, & pearls exports accounted up to $448M and imports accounted up to $525M, resulting in a negative trade balance of $77.2M. Between March 2023 and March 2024 the exports of South Korea's Precious stones, metals, & pearls have decreased by $-64.3M (-12.5%) from $512M to $448M, while imports increased by $114M (27.8%) from $411M to $525M.

Destinations In March 2024, Precious stones, metals, & pearls were exported mostly to Hong Kong ($192M), Japan ($58M), United States ($44.7M), United Arab Emirates ($37.8M), and Turkey ($25M), and were imported mostly from Australia ($173M), Japan ($89.1M), Italy ($35.4M), France ($33.4M), and Hong Kong ($28.6M).

Growth In March 2024, the decrease in Precious stones, metals, & pearls's year-by-year exports was explained primarily by a decrease in exports to United States ($-20.9M or -23.7%), Germany ($-16.5M or -82.3%), and Hong Kong ($-14M or -42%). In March 2024, the increase in Precious stones, metals, & pearls's year-by-year imports was explained primarily by an increase in imports from United States ($39.7M or 214%), China ($39.1M or 176%), and Norway ($22.2M or 408%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-64.3M(-12.5%)

IMPORT GROWTH (March 2023 - March 2024)$114M(27.8%)

MAIN DESTINATION (March 2024)Hong Kong$192M

This section shows Precious stones, metals, & pearls'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 stones, metals, & pearls over time.

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