Cold-Rolled Iron in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $3.19B 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 37th most exported product in South Korea. The main destination of Cold-Rolled Iron exports from South Korea are: China ($506M), Japan ($438M), Mexico ($418M), Thailand ($352M), and India ($277M).

The fastest growing export markets for Cold-Rolled Iron of South Korea between 2021 and 2022 were India ($75.7M), Turkey ($56.2M), and Germany ($35.3M).

Imports In 2022, South Korea imported $189M in Cold-Rolled Iron, becoming the 26th largest importer of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 381st most imported product in South Korea. South Korea imports Cold-Rolled Iron primarily from: China ($151M), Japan ($28.8M), Belgium ($3.23M), Mexico ($1.58M), and Chinese Taipei ($1.21M).

The fastest growing import markets in Cold-Rolled Iron for South Korea between 2021 and 2022 were Belgium ($3.22M), Mexico ($1.21M), and Chinese Taipei ($1.02M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Cold-Rolled Iron from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Cold-Rolled Iron exports accounted up to $204M and imports accounted up to $23.9M, resulting in a positive trade balance of $180M. Between February 2023 and February 2024 the exports of South Korea's Cold-Rolled Iron have decreased by $-23.1M (-10.2%) from $227M to $204M, while imports increased by $11.4M (91.8%) from $12.5M to $23.9M.

Destinations In February 2024, Cold-Rolled Iron were exported mostly to Japan ($39.5M), Mexico ($31.8M), Thailand ($20.9M), Malaysia ($18.4M), and Turkey ($17.5M), and were imported mostly from China ($21.3M), Chinese Taipei ($2.04M), Japan ($454k), United States ($35k), and Sweden ($31k).

Growth In February 2024, the decrease in Cold-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to China ($-31.3M or -57.1%), Mexico ($-27.8M or -49.8%), and Thailand ($-18.5M or -45%). In February 2024, the increase in Cold-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-23.1M(-10.2%)

IMPORT GROWTH (February 2023 - February 2024)$11.4M(91.8%)

MAIN DESTINATION (February 2024)Japan$39.5M

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.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.19B

IMPORTS (2022)$189M

NET TRADE (2022)$3B

In 2022, South Korea exported $3.19B in Cold-Rolled Iron. The main destinations of South Korea exports on Cold-Rolled Iron were China ($506M), Japan ($438M), Mexico ($418M), Thailand ($352M), and India ($277M).

In 2022, South Korea imported $189M in Cold-Rolled Iron, mainly from China ($151M), Japan ($28.8M), Belgium ($3.23M), Mexico ($1.58M), and Chinese Taipei ($1.21M).

Explore Visualizations