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2023
Exports $157MWorld Rnk 29 / 176
Flag Rnk 288 / 1188
2023
Destination $13.1M Poland
2022 - 2023
FASTEST GROWING MARKET $13.1MPoland
2023
PRODUCT COMPLEXITY IN Aluminium Bars-0.075Rnk 584 / 1025
2023
Imports $143MWorld Rnk 33 / 217
Flag Rnk 395 / 1208
2023
Origin $16.2M China
2022 - 2023
FASTEST GROWING ORIGIN $16.2MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $157M in Aluminium Bars, making it the 29th largest exporter of Aluminium Bars in the world. At the same year, Aluminium Bars was the 288th most exported product in South Korea. The main destination of Aluminium Bars exports from South Korea are: Poland ($31M), India ($24.6M), Malaysia ($16.7M), China ($16M), and Thailand ($11M).

The fastest growing export markets for Aluminium Bars of South Korea between 2022 and 2023 were Poland ($13.1M), India ($4.68M), and Germany ($2.11M).

Imports In 2023, South Korea imported $143M in Aluminium Bars, becoming the 33rd largest importer of Aluminium Bars in the world. At the same year, Aluminium Bars was the 395th most imported product in South Korea. South Korea imports Aluminium Bars primarily from: China ($62.6M), United States ($37.9M), France ($13.9M), Germany ($12.8M), and Romania ($5.77M).

The fastest growing import markets in Aluminium Bars for South Korea between 2022 and 2023 were China ($16.2M), France ($10.8M), and United States ($9.42M).

COMPANIES In 2024, leading companies such as Groupe SEB (1) were at the forefront of shipping Aluminium Bars from South Korea to the United States.

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Aluminium Bars exports accounted up to $21.8M and imports accounted up to $11.3M, resulting in a positive trade balance of $10.6M. Between January 2024 and January 2025 the exports of South Korea's   Aluminium Bars have increased by $1.05M (5.06%) from $20.8M to $21.8M, while imports decreased by $-3.7M (-24.7%) from $15M to $11.3M.

Destinations In January 2025, Aluminium Bars were exported mostly to Vietnam ($8.29M), India ($4.97M), Malaysia ($1.57M), United States ($1.45M), and Poland ($1.22M), and were imported mostly from China ($4.78M), Romania ($2.27M), United States ($2.15M), Vietnam ($1M), and Japan ($428k).

Growth In January 2025, the increase in Aluminium Bars's year-by-year exports was explained primarily by an increase in exports to Vietnam ($5.77M or 267%), Thailand ($514k or 75%), and India ($426k or 24.8%). In January 2025, the decrease in Aluminium Bars's year-by-year imports was explained primarily by a decrease in imports from United States ($-1.3M or -27.2%), Germany ($-387k or -19.1%), and Netherlands ($-235k or -99.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$1.05M(5.06%)
IMPORT GROWTH (January 2024 - January 2025)$-3.7M(-24.7%)
MAIN DESTINATION (January 2025)Vietnam$8.29M

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 (2023)$157M
IMPORTS (2023)$143M
NET TRADE (2023)$13.2M

In 2023, South Korea exported $157M in Aluminium Bars. The main destinations of South Korea exports on Aluminium Bars were Poland ($31M), India ($24.6M), Malaysia ($16.7M), China ($16M), and Thailand ($11M).

In 2023, South Korea imported $143M in Aluminium Bars, mainly from China ($62.6M), United States ($37.9M), France ($13.9M), Germany ($12.8M), and Romania ($5.77M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Aluminium Bars EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Poland$13.1M (72.8%)
India$4.68M (23.5%)
Germany$2.11M (57%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Bars BY South Korea WERE (2022 - 2023):
Vietnam-$40.2M (-100%)
Mexico-$9.75M (-65.2%)
United States-$4.64M (-42.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Aluminium Bars were:
China $3.08B
Germany $2.1B
Turkey $1.85B
In 2023, South Korea's main importing competitors in Aluminium Bars were:
Germany $3.23B
United States $1.65B
France $1.39B

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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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