Coated Flat-Rolled Iron in South Korea 2021 Exports | Imports : $7.21B | $1.95B, World Rnk 2 / 157 Rnk 16 / 1206 | World Rnk 9 / 219 Rnk 52 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $328M | $819M, Mexico | China
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Coated Flat-Rolled Iron: -0.02, Rnk 558 / 1029
Exports In 2021, South Korea exported $7.21B in Coated Flat-Rolled Iron, making it the 2nd largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 16th most exported product in South Korea. The main destination of Coated Flat-Rolled Iron exports from South Korea are: Mexico ($932M), China ($763M), United States ($702M), Japan ($570M), and India ($393M).
The fastest growing export markets for Coated Flat-Rolled Iron of South Korea between 2020 and 2021 were Mexico ($328M), United States ($282M), and Japan ($137M).
Imports In 2021, South Korea imported $1.95B in Coated Flat-Rolled Iron, becoming the 9th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 52nd most imported product in South Korea. South Korea imports Coated Flat-Rolled Iron primarily from: China ($1.79B), Japan ($109M), United States ($24.7M), Vietnam ($6.48M), and Sweden ($3.34M).
The fastest growing import markets in Coated Flat-Rolled Iron for South Korea between 2020 and 2021 were China ($819M), Japan ($16.3M), and Vietnam ($5.81M).
March 2023
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%).
EXPORT GROWTH (March 2022 - March 2023): $-76.6M, (-11.1%)
IMPORT GROWTH (March 2022 - March 2023): $-9.73M, (-6.21%)
MAIN DESTINATION (March 2023): Mexico, $84.6M
This section shows Coated Flat-Rolled Iron'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 Coated Flat-Rolled Iron over time.
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EXPORTS (2021): $7.21B
IMPORTS (2021): $1.95B
NET TRADE (2021): $5.26B
In 2021, South Korea exported $7.21B in Coated Flat-Rolled Iron. The main destinations of South Korea exports on Coated Flat-Rolled Iron were Mexico ($932M), China ($763M), United States ($702M), Japan ($570M), and India ($393M).
In 2021, South Korea imported $1.95B in Coated Flat-Rolled Iron, mainly from China ($1.79B), Japan ($109M), United States ($24.7M), Vietnam ($6.48M), and Sweden ($3.34M).
THE FASTEST GROWING Coated Flat-Rolled Iron EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Flat-Rolled Iron BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Coated Flat-Rolled Iron were:
In 2021, South Korea's main importing competitors in Coated Flat-Rolled Iron were:
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