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Exports In 2022, South Korea exported $790 in Iron ore, concentrate, not iron pyrites, agglomerated, making it the 80th largest exporter of Iron ore, concentrate, not iron pyrites, agglomerated in the world. At the same year, Iron ore, concentrate, not iron pyrites, agglomerated was the 4372nd most exported product in South Korea. The main destination of Iron ore, concentrate, not iron pyrites, agglomerated exports from South Korea are: Netherlands ($775) and China ($15).

The fastest growing export markets for Iron ore, concentrate, not iron pyrites, agglomerated of South Korea between 2021 and 2022 were Netherlands ($694) and China ($13).

Imports In 2022, South Korea imported $1.31B in Iron ore, concentrate, not iron pyrites, agglomerated, becoming the 5th largest importer of Iron ore, concentrate, not iron pyrites, agglomerated in the world. At the same year, Iron ore, concentrate, not iron pyrites, agglomerated was the 56th most imported product in South Korea. South Korea imports Iron ore, concentrate, not iron pyrites, agglomerated primarily from: Brazil ($435M), South Africa ($434M), Chile ($236M), Australia ($108M), and Bahrain ($35.8M).

The fastest growing import markets in Iron ore, concentrate, not iron pyrites, agglomerated for South Korea between 2021 and 2022 were Chile ($151M), Brazil ($101M), and Canada ($19.3M).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Iron ore, concentrate, not iron pyrites, agglomerated from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron ore, concentrate, not iron pyrites, agglomerated. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$790
IMPORTS (2022)$1.31B
NET TRADE (2022)-$1.31B

In 2022, South Korea exported $790 in Iron ore, concentrate, not iron pyrites, agglomerated. The main destinations of South Korea exports on Iron ore, concentrate, not iron pyrites, agglomerated were Netherlands ($775) and China ($15).

In 2022, South Korea imported $1.31B in Iron ore, concentrate, not iron pyrites, agglomerated, mainly from Brazil ($435M), South Africa ($434M), Chile ($236M), Australia ($108M), and Bahrain ($35.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron ore, concentrate, not iron pyrites, agglomerated EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Netherlands$694 (857%)
China$13 (650%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron ore, concentrate, not iron pyrites, agglomerated BY South Korea WERE (2021 - 2022):Australia-$8 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Iron ore, concentrate, not iron pyrites, agglomerated were:
Brazil $3.32B
Sweden $2.68B
Canada $2.28B
In 2022, South Korea's main importing competitors in Iron ore, concentrate, not iron pyrites, agglomerated were:

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Trade Value of Iron ore, concentrate, not iron pyrites, agglomerated by Exporters

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