Cold-Rolled Iron in South Korea 2021 Exports | Imports : $3.07B | $316M, World Rnk 2 / 125 Rnk 37 / 1206 | World Rnk 20 / 197 Rnk 255 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $239M | $159M, Mexico | China
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Cold-Rolled Iron: 0.16, Rnk 493 / 1029
Exports In 2021, South Korea exported $3.07B in Cold-Rolled Iron, making it the 2nd largest exporter of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 37th most exported product in South Korea. The main destination of Cold-Rolled Iron exports from South Korea are: China ($624M), Japan ($412M), Mexico ($387M), Thailand ($365M), and Malaysia ($217M).
The fastest growing export markets for Cold-Rolled Iron of South Korea between 2020 and 2021 were Mexico ($239M), Japan ($158M), and Thailand ($148M).
Imports In 2021, South Korea imported $316M in Cold-Rolled Iron, becoming the 20th largest importer of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 255th most imported product in South Korea. South Korea imports Cold-Rolled Iron primarily from: China ($242M), Japan ($65.2M), India ($5.5M), United States ($834k), and Sweden ($413k).
The fastest growing import markets in Cold-Rolled Iron for South Korea between 2020 and 2021 were China ($159M), Japan ($21.7M), and India ($5.32M).
April 2023
Overview In April 2023 South Korea's Cold-Rolled Iron exports accounted up to $212M and imports accounted up to $29.3M, resulting in a positive trade balance of $183M. Between April 2022 and April 2023 the exports of South Korea's Cold-Rolled Iron have decreased by $-67M (-24%) from $279M to $212M, while imports increased by $680k (2.38%) from $28.6M to $29.3M.
Destinations In April 2023, Cold-Rolled Iron were exported mostly to Japan ($33.6M), Mexico ($25.1M), India ($21.9M), China ($19.6M), and Thailand ($16.9M), and were imported mostly from China ($27.3M), Japan ($1.7M), Sweden ($151k), Chinese Taipei ($33k), and Austria ($28k).
Growth In April 2023, the decrease in Cold-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Pakistan ($-6.73M or -64.7%), Chinese Taipei ($-3.12M or -84.5%), and Indonesia ($-3.11M or -23.7%). In April 2023, the increase in Cold-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from China ($13.1M or 767%), Japan ($1.78M or 48.9%), and United States ($40k or 72.7%).
EXPORT GROWTH (April 2022 - April 2023): $-67M, (-24%)
IMPORT GROWTH (April 2022 - April 2023): $680k, (2.38%)
MAIN DESTINATION (April 2023): Japan, $33.6M
This section shows Cold-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 Cold-Rolled Iron over time.
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EXPORTS (2021): $3.07B
IMPORTS (2021): $316M
NET TRADE (2021): $2.75B
In 2021, South Korea exported $3.07B in Cold-Rolled Iron. The main destinations of South Korea exports on Cold-Rolled Iron were China ($624M), Japan ($412M), Mexico ($387M), Thailand ($365M), and Malaysia ($217M).
In 2021, South Korea imported $316M in Cold-Rolled Iron, mainly from China ($242M), Japan ($65.2M), India ($5.5M), United States ($834k), and Sweden ($413k).
THE FASTEST GROWING Cold-Rolled Iron EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cold-Rolled Iron BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Cold-Rolled Iron were:
In 2021, South Korea's main importing competitors in Cold-Rolled Iron were:
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