2022
Exports
$15.3MWorld Rnk 39 / 121
Flag Rnk 1495 / 4439
falsefalse China
2022
Imports
$6.28BWorld Rnk 3 / 113
Flag Rnk 9 / 4519
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $15.3M in Iron ore, concentrate, not iron pyrites,unagglomerate, making it the 39th largest exporter of Iron ore, concentrate, not iron pyrites,unagglomerate in the world. At the same year, Iron ore, concentrate, not iron pyrites,unagglomerate was the 1495th most exported product in South Korea. The main destination of Iron ore, concentrate, not iron pyrites,unagglomerate exports from South Korea are: China ($15.3M), Netherlands ($959), Ireland ($8), and Canada ($1).

Imports In 2022, South Korea imported $6.28B in Iron ore, concentrate, not iron pyrites,unagglomerate, becoming the 3rd largest importer of Iron ore, concentrate, not iron pyrites,unagglomerate in the world. At the same year, Iron ore, concentrate, not iron pyrites,unagglomerate was the 9th most imported product in South Korea. South Korea imports Iron ore, concentrate, not iron pyrites,unagglomerate primarily from: Australia ($5.04B), Canada ($601M), Brazil ($432M), South Africa ($97M), and China ($74.6M).

The fastest growing import markets in Iron ore, concentrate, not iron pyrites,unagglomerate for South Korea between 2021 and 2022 were Canada ($56.7M), Malaysia ($20.7M), and Chile ($5.45M).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Iron ore, concentrate, not iron pyrites,unagglomerate from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron ore, concentrate, not iron pyrites,unagglomerate. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.3M
IMPORTS (2022)$6.28B
NET TRADE (2022)-$6.26B

In 2022, South Korea exported $15.3M in Iron ore, concentrate, not iron pyrites,unagglomerate. The main destinations of South Korea exports on Iron ore, concentrate, not iron pyrites,unagglomerate were China ($15.3M), Netherlands ($959), Ireland ($8), and Canada ($1).

In 2022, South Korea imported $6.28B in Iron ore, concentrate, not iron pyrites,unagglomerate, mainly from Australia ($5.04B), Canada ($601M), Brazil ($432M), South Africa ($97M), and China ($74.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Iron ore, concentrate, not iron pyrites,unagglomerate were:
Brazil $26.8B
Canada $4.52B
In 2022, South Korea's main importing competitors in Iron ore, concentrate, not iron pyrites,unagglomerate were:
China $101B
Japan $10.2B

Explore Visualizations

Trade Value of Iron ore, concentrate, not iron pyrites,unagglomerate by Exporters

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