Cold-Rolled Iron in South Korea 2020 Exports | Imports : $2.09B | $131M, World Rnk 1 / 122 Rnk 40 / 1207 | World Rnk 25 / 197 Rnk 401 / 1211
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $122M | $2.5M, China | Indonesia
2020 ECONOMIC COMPLEXITY of South Korea: 1.88, Rnk 5 / 127
2020 PRODUCT COMPLEXITY IN Cold-Rolled Iron: 0.16, Rnk 501 / 1029
Exports In 2020, South Korea exported $2.09B in Cold-Rolled Iron, making it the 1st largest exporter of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 40th most exported product in South Korea. The main destination of Cold-Rolled Iron exports from South Korea are: China ($631M), Japan ($253M), Thailand ($217M), Mexico ($148M), and Malaysia ($116M).
The fastest growing export markets for Cold-Rolled Iron of South Korea between 2019 and 2020 were China ($122M), Turkey ($23.3M), and Chinese Taipei ($21.8M).
Imports In 2020, South Korea imported $131M in Cold-Rolled Iron, becoming the 25th largest importer of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 401st most imported product in South Korea. South Korea imports Cold-Rolled Iron primarily from: China ($82.7M), Japan ($43.5M), Indonesia ($2.5M), United States ($898k), and Sweden ($356k).
The fastest growing import markets in Cold-Rolled Iron for South Korea between 2019 and 2020 were Indonesia ($2.5M), Mexico ($101k), and Netherlands ($40.1k).
Overview In January 2023 South Korea's Cold-Rolled Iron exports accounted up to $236M and imports accounted up to $10.2M, resulting in a positive trade balance of $226M. Between January 2022 and January 2023 the exports of South Korea's Cold-Rolled Iron have decreased by $-89.2M (-27.4%) from $325M to $236M, while imports decreased by $-10.4M (-50.6%) from $20.6M to $10.2M.
Destinations In January 2023, Cold-Rolled Iron were exported mostly to Japan ($43.4M), Mexico ($28.3M), India ($26.3M), China ($23.5M), and Thailand ($22.6M), and were imported mostly from China ($9.08M), Japan ($970k), Mexico ($41k), United States ($30k), and India ($29k).
Growth In January 2023, the decrease in Cold-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Pakistan ($-6.73M or -64.7%), Chinese Taipei ($-3.12M or -84.5%), and Indonesia ($-3.11M or -23.7%). In January 2023, the decrease in Cold-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-410k or -100%), Sweden ($-25k or -56.8%), and Chinese Taipei ($-7k or -36.8%).
EXPORT GROWTH (January 2022 - January 2023): $-89.2M, (-27.4%)
IMPORT GROWTH (January 2022 - January 2023): $-10.4M, (-50.6%)
MAIN DESTINATION (January 2023): Japan, $43.4M
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.
For full datasets download visit Bulk Download page.
EXPORTS (2020): $2.09B
IMPORTS (2020): $131M
NET TRADE (2020): $1.96B
In 2020, South Korea exported $2.09B in Cold-Rolled Iron. The main destinations of South Korea exports on Cold-Rolled Iron were China ($631M), Japan ($253M), Thailand ($217M), Mexico ($148M), and Malaysia ($116M).
In 2020, South Korea imported $131M in Cold-Rolled Iron, mainly from China ($82.7M), Japan ($43.5M), Indonesia ($2.5M), United States ($898k), and Sweden ($356k).
THE FASTEST GROWING Cold-Rolled Iron EXPORT MARKETS FOR South Korea WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cold-Rolled Iron BY South Korea WERE (2019 - 2020):
In 2020, South Korea's main exporting competitors in Cold-Rolled Iron were:
In 2020, South Korea's main importing competitors in Cold-Rolled Iron were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb