Sign In
Pricing

2022
Exports $1.07BWorld Rnk 8 / 224
Flag Rnk 95 / 1204
2022
Destination $59.6M United States
2021 - 2022
FASTEST GROWING MARKET $59.6MUnited States
2022
PRODUCT COMPLEXITY IN Iron Fasteners1.68Rnk 27 / 1025
2022
Imports $725MWorld Rnk 19 / 225
Flag Rnk 148 / 1213
2022
Origin $96.4M China
2021 - 2022
FASTEST GROWING ORIGIN $96.4MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.07B in Iron Fasteners, making it the 8th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 95th most exported product in South Korea. The main destination of Iron Fasteners exports from South Korea are: United States ($282M), India ($104M), China ($98.4M), Mexico ($95.9M), and Vietnam ($70.3M).

The fastest growing export markets for Iron Fasteners of South Korea between 2021 and 2022 were United States ($59.6M), Saudi Arabia ($14.2M), and Mexico ($13.3M).

Imports In 2022, South Korea imported $725M in Iron Fasteners, becoming the 19th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 148th most imported product in South Korea. South Korea imports Iron Fasteners primarily from: China ($437M), United States ($92.1M), Germany ($41.9M), Chinese Taipei ($27.8M), and Japan ($23.9M).

The fastest growing import markets in Iron Fasteners for South Korea between 2021 and 2022 were China ($96.4M), United Kingdom ($9.9M), and Italy ($3.87M).

COMPANIES In 2023, leading companies such as Stelfast (40), LG Electronics (32), and Brose Mechatronic Systems (23) were at the forefront of shipping Iron Fasteners from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Iron Fasteners exports accounted up to $99.4M and imports accounted up to $57.4M, resulting in a positive trade balance of $42M. Between July 2023 and July 2024 the exports of South Korea's   Iron Fasteners have increased by $9.66M (10.8%) from $89.8M to $99.4M, while imports increased by $11.4M (24.8%) from $46M to $57.4M.

Destinations In July 2024, Iron Fasteners were exported mostly to United States ($28.4M), Mexico ($10.3M), India ($8.85M), Vietnam ($8.1M), and China ($6.92M), and were imported mostly from China ($26.9M), United States ($14M), France ($2.74M), Germany ($2.62M), and Japan ($1.86M).

Growth In July 2024, the increase in Iron Fasteners's year-by-year exports was explained primarily by an increase in exports to India ($1.63M or 23.7%), Germany ($781k or 82.6%), and Uzbekistan ($527k or 45.7%). In July 2024, the increase in Iron Fasteners's year-by-year imports was explained primarily by an increase in imports from United States ($2.29M or 26.8%), Germany ($710k or 27.7%), and France ($330k or 33.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$9.66M(10.8%)
IMPORT GROWTH (July 2023 - July 2024)$11.4M(24.8%)
MAIN DESTINATION (July 2024)United States$28.4M

This section shows Iron Fasteners'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 Iron Fasteners 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
EXPORTS (2022)$1.07B
IMPORTS (2022)$725M
NET TRADE (2022)$347M

In 2022, South Korea exported $1.07B in Iron Fasteners. The main destinations of South Korea exports on Iron Fasteners were United States ($282M), India ($104M), China ($98.4M), Mexico ($95.9M), and Vietnam ($70.3M).

In 2022, South Korea imported $725M in Iron Fasteners, mainly from China ($437M), United States ($92.1M), Germany ($41.9M), Chinese Taipei ($27.8M), and Japan ($23.9M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$59.6M (26.8%)
Saudi Arabia$14.2M (637%)
Mexico$13.3M (16.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY South Korea WERE (2021 - 2022):
China-$13.9M (-12.4%)
Russia-$10.5M (-70%)
Thailand-$5.51M (-31.6%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Iron Fasteners were:
China $12B
Germany $7.11B
Chinese Taipei $6.56B
In 2022, South Korea's main importing competitors in Iron Fasteners were:
United States $7.91B
Germany $4.86B
Mexico $2.97B

Explore Visualizations

Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $57.5M
TOP IMPORT POTENTIALChina+ $80.5M

Iron Fasteners’s highest export potential is China. With an export gap of $57.5M.   Iron Fasteners’s highest import potential is China with an import gap of $80.5M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms