Electric Furnaces in   South Korea

Overview In January 2025 South Korea's Electric Furnaces exports accounted up to $9.98M and imports accounted up to $9.52M, resulting in a positive trade balance of $458k. Between January 2024 and January 2025 the exports of South Korea's   Electric Furnaces have decreased by $-43.2M (-81.3%) from $53.2M to $9.98M, while imports decreased by $-6.27M (-39.7%) from $15.8M to $9.52M.

Destinations In January 2025, Electric Furnaces were exported mostly to China ($3.36M), United States ($1.29M), Philippines ($1.19M), Vietnam ($775k), and Indonesia ($677k), and were imported mostly from China ($5.13M), Germany ($1.59M), United States ($741k), Japan ($719k), and India ($317k).

Growth In January 2025, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-595k or -93.7%), Turkey ($-498k or -96.7%), and China ($-495k or -28%). In January 2025, the decrease in Electric Furnaces's year-by-year imports was explained primarily by a decrease in imports from United States ($-1.37M or -61%), United Kingdom ($-1.36M or -95.1%), and Germany ($-818k or -49.6%).