Overview In March 2023 South Korea's Coated Flat-Rolled Iron exports accounted up to $614M and imports accounted up to $147M, resulting in a positive trade balance of $467M. Between March 2022 and March 2023 the exports of South Korea's Coated Flat-Rolled Iron have decreased by $-76.6M (-11.1%) from $691M to $614M, while imports decreased by $-9.73M (-6.21%) from $157M to $147M.
Destinations In March 2023, Coated Flat-Rolled Iron were exported mostly to Mexico ($84.6M), Japan ($67.3M), United States ($54.3M), India ($48.1M), and China ($44.5M), and were imported mostly from China ($125M), Japan ($15.1M), United States ($3.71M), Chinese Taipei ($1.11M), and Sweden ($549k).
Growth In March 2023, the decrease in Coated Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-1.64M or -62.5%), Vietnam ($-1.53M or -12.2%), and Kenya ($-1.21M or -66.9%). In March 2023, the decrease in Coated Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Japan ($-4.47M or -36.8%), United States ($-1.21M or -35.7%), and Uzbekistan ($-39k or -100%).