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2022
Exports $227MWorld Rnk 29 / 175
Flag Rnk 258 / 1204
2022
Destination $22.1M Vietnam
2021 - 2022
FASTEST GROWING MARKET $22.1MVietnam
2022
PRODUCT COMPLEXITY IN Aluminium Bars-0.097Rnk 580 / 1025
2022
Imports $176MWorld Rnk 33 / 218
Flag Rnk 393 / 1213
2022
Origin $12.8M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $12.8MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $227M in Aluminium Bars, making it the 29th largest exporter of Aluminium Bars in the world. At the same year, Aluminium Bars was the 258th most exported product in South Korea. The main destination of Aluminium Bars exports from South Korea are: Vietnam ($41.3M), Poland ($35.8M), United States ($33.1M), India ($19.3M), and Malaysia ($16.2M).

The fastest growing export markets for Aluminium Bars of South Korea between 2021 and 2022 were Vietnam ($22.1M), United States ($18.7M), and North Macedonia ($9.56M).

Imports In 2022, South Korea imported $176M in Aluminium Bars, becoming the 33rd largest importer of Aluminium Bars in the world. At the same year, Aluminium Bars was the 393rd most imported product in South Korea. South Korea imports Aluminium Bars primarily from: Vietnam ($55M), China ($48.6M), United States ($25.7M), Germany ($21.8M), and Japan ($8.6M).

The fastest growing import markets in Aluminium Bars for South Korea between 2021 and 2022 were China ($12.8M), Germany ($12.5M), and United States ($11M).

COMPANIES In 2023, leading companies such as General Motors (1) were at the forefront of shipping Aluminium Bars from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Aluminium Bars exports accounted up to $21.3M and imports accounted up to $13M, resulting in a positive trade balance of $8.28M. Between October 2023 and October 2024 the exports of South Korea's   Aluminium Bars have increased by $2.1M (10.9%) from $19.2M to $21.3M, while imports decreased by $-125k (-0.95%) from $13.1M to $13M.

Destinations In October 2024, Aluminium Bars were exported mostly to Vietnam ($8.4M), Poland ($2.57M), United States ($2M), India ($1.83M), and Malaysia ($1.79M), and were imported mostly from China ($5.98M), United States ($2.11M), Vietnam ($1.37M), Germany ($1.11M), and Romania ($1.03M).

Growth In October 2024, the increase in Aluminium Bars's year-by-year exports was explained primarily by an increase in exports to United States ($2.19M or 190%), India ($734k or 74.8%), and Malaysia ($356k or 19.6%). In October 2024, the decrease in Aluminium Bars's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-1.49M or -77.3%), Japan ($-205k or -69%), and Thailand ($-60k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.1M(10.9%)
IMPORT GROWTH (October 2023 - October 2024)$-125k(-0.95%)
MAIN DESTINATION (October 2024)Vietnam$8.4M

This section shows Aluminium Bars'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 Aluminium Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$227M
IMPORTS (2022)$176M
NET TRADE (2022)$50.9M

In 2022, South Korea exported $227M in Aluminium Bars. The main destinations of South Korea exports on Aluminium Bars were Vietnam ($41.3M), Poland ($35.8M), United States ($33.1M), India ($19.3M), and Malaysia ($16.2M).

In 2022, South Korea imported $176M in Aluminium Bars, mainly from Vietnam ($55M), China ($48.6M), United States ($25.7M), Germany ($21.8M), and Japan ($8.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aluminium Bars EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$22.1M (115%)
United States$18.7M (131%)
North Macedonia$9.56M (4.94k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Bars BY South Korea WERE (2021 - 2022):
Japan-$5.52M (-34.1%)
Thailand-$2.55M (-18.8%)
China-$1.34M (-9.36%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Aluminium Bars were:
China $3.88B
Germany $2.8B
Turkey $2.4B
In 2022, South Korea's main importing competitors in Aluminium Bars were:
Germany $4.47B
United States $2.29B
France $1.89B

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Trade Value of Aluminium Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.7M
TOP IMPORT POTENTIALChina+ $21.8M

Aluminium Bars’s highest export potential is United States. With an export gap of $11.7M.   Aluminium Bars’s highest import potential is China with an import gap of $21.8M.

See methodology.

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