HS Icon Hot-Rolled Iron in  Flag South Korea

2020
Exports | Imports
: $4.76B | $1.5B, World Rnk 2 / 143
Flag Rnk 21 / 1207 | World Rnk 6 / 211
Flag Rnk 51 / 1211

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $161M | $3.27M, China |  Russia


ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127


PRODUCT COMPLEXITY  IN Hot-Rolled Iron
: 0.38, Rnk 410 / 1028

Exports In 2020, South Korea exported $4.76B in Hot-Rolled Iron, making it the 2nd largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 21st most exported product in South Korea. The main destination of Hot-Rolled Iron exports from South Korea are: China ($810M), Japan ($590M), India ($480M), Vietnam ($469M), and United States ($277M).

The fastest growing export markets for Hot-Rolled Iron of South Korea between 2019 and 2020 were China ($161M), Turkey ($70.6M), and Pakistan ($62.8M).

Imports In 2020, South Korea imported $1.5B in Hot-Rolled Iron, becoming the 6th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 51st most imported product in South Korea. South Korea imports Hot-Rolled Iron primarily from: Japan ($1.16B), China ($235M), Chinese Taipei ($69.8M), Australia ($18.4M), and Belgium ($4.25M).

The fastest growing import markets in Hot-Rolled Iron for South Korea between 2019 and 2020 were Russia ($3.27M), United Arab Emirates ($1.78M), and France ($849k).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2021 - June 2022): $107M, (19.9%)

IMPORT GROWTH (June 2021 - June 2022): $201M, (89.7%)

MAIN DESTINATION (June 2022): Japan, $71.6M

This section shows Hot-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 Hot-Rolled Iron over time.

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Historical Data

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EXPORTS (2020): $4.76B

IMPORTS (2020): $1.5B

NET TRADE (2020): $3.26B

In 2020, South Korea exported $4.76B in Hot-Rolled Iron. The main destinations of South Korea exports on Hot-Rolled Iron were China ($810M), Japan ($590M), India ($480M), Vietnam ($469M), and United States ($277M).

In 2020, South Korea imported $1.5B in Hot-Rolled Iron, mainly from Japan ($1.16B), China ($235M), Chinese Taipei ($69.8M), Australia ($18.4M), and Belgium ($4.25M).

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IN 2020, South Korea HAD A POSITIVE NET TRADE IN Hot-Rolled Iron WITH:

IN 2020, South Korea HAD A NEGATIVE NET TRADE IN Hot-Rolled Iron WITH:

Flow

THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR South Korea WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY South Korea WERE (2019 - 2020):

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Market Concentration

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In 2019, South Korea's main exporting competitors in Hot-Rolled Iron were:

In 2019, South Korea's main importing competitors in Hot-Rolled Iron were:

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