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T13 · Trade opportunity evidence

China (CHN) to KOR (KOR) magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal (HS6 850519)

A country-to-country view of reported magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal trade, combining buyer demand, exporter position, market structure, access conditions, and observed lane history.

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Exporter China (CHN)Importer KOR (KOR)HS6 850519One-way tradeCoverage 1995-2024Growing

3-year buyer projection

$47.8MCalculated from reported demand

Exporter growth

+9.1%Full available history

Suppliers in market

49Latest reported count

Observed history

30 yearsLast year: 2024

Reported observations

What this magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal lane shows for HS 850519

Core values for China (CHN) → KOR (KOR) in HS 850519.

Buyer market

Latest imports$46.6M
Five-year projection$48.5M
Buyer CAGR+0.8%
Latest annual change-5.4%

Exporter position

Latest exports$39.1M
Market share84%
Share change-0.9 pp
Best observed share84%

Market structure

Reported suppliers49
Concentration index7,107.2
Share gap+0 pp
SignalGrowing

Detailed evidence

Complete lane evidence

Reported values, calculated indicators, and country-pair context for this route.

MeasureValueWhat it describes
Buyer imports$46.6MKOR (KOR)'s latest reported imports
Exporter exports$39.1MChina (CHN)'s exports to KOR (KOR)
Exporter market share84%Exporter share of the reported buyer market
Buyer five-year CAGR+0.8%Annualized change in buyer imports
Exporter full-history CAGR+9.1%Annualized change in exporter exports
Three-year buyer projection$47.8MCalculated projection from reported demand
Five-year buyer projection$48.5MCalculated projection from reported demand
Average buyer imports$44.5MAverage reported importer value
Peak buyer imports$104.5MHighest reported importer value
Average exporter exports$28.9MAverage reported lane exports
Peak exporter exports$58.6MHighest reported lane exports
Share change-0.9 ppLatest one-year change in exporter share
Reported suppliers49Supplier countries observed in the latest period
Buyer GDP$1.8TLatest buyer-country GDP estimate
Buyer GDP per person$34.8KLatest buyer-country GDP per person
Buyer population51,744.9 thousandLatest buyer-country population estimate
Buyer investment rate32.1%Reported buyer-country investment rate
Buyer secondary education97.7%Reported secondary education coverage
Distance956 kmApproximate country-pair distance
Business entry time8 daysReported days to start a business
Shared legal systemNoCountry-pair institutional relationship
Reported FTAYesReported trade-agreement indicator
WTO memberYesBuyer-country WTO membership indicator
Lane volatility0.6Variation indicator across observed lane values
Maximum drawdown49.6%Largest observed decline from a prior peak
Observed history30 yearsCoverage through 2024

Research reading

Magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal demand and the China (CHN) to KOR (KOR) lane

KOR (KOR) reported $46.6M of magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal imports in 2024. China (CHN) accounted for 84% of the observed market and reported $39.1M in exports on this lane.

The latest annual values eased slightly, while the longer available history shows +0.8% buyer growth and +9.1% exporter growth. The page separates reported values from projections and indicators.

Product classification

What does HS 850519 include?

HS 850519 covers Magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal. This page studies the six-digit Harmonized System classification rather than a company, brand, retail category, or individual shipment.

The classification sits in HS chapter 85 and heading 8505. The recorded trade type is one-way trade, with a low price range classification in the available product reference data.

How to interpret this page

Compare demand, position, and history together

This HS 850519 trade opportunity page brings together the buyer market in KOR (KOR), the exporter position of China (CHN), and the observed conditions of their trade lane. A large buyer market does not by itself show that every exporter has equal access, and a positive growth rate does not remove the need to examine volatility and historical coverage.

Use the reported imports and exports to understand scale, market share to understand position, projections to understand the calculated forward view, and lane history to understand how much evidence supports the comparison.

Frequently asked questions

Questions about China (CHN) to KOR (KOR) magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal trade

What is the HS code for this product?

This page covers HS 850519, the six-digit product classification shown in the trade records.

How large is the KOR (KOR) market?

The page reports the latest buyer imports, historical averages, peaks, growth, and calculated projections for magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal.

How strong is China (CHN) in this market?

Exporter performance is shown through lane exports, market share, share change, growth, and the number of reported suppliers.

What should be checked before entering this market?

Review market scale, competition, access indicators, volatility, drawdown, and the available history together rather than relying on one signal.

Continue your researchHS 850519 product overviewExplore this product in the workspaceMethodology and definitions

Definitions and coverage

How to read this page

Reported values

Trade values describe reported merchandise trade for the stated HS6 classification. They are not company-level sales or shipment records.

Calculated indicators

Growth, projections, concentration, volatility, and share-gap figures are calculated from the reported observations and should be interpreted with their coverage period.

Coverage

This sample covers 30 observed years through 2024. Missing values are shown as not reported rather than estimated.