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2022
Exports $22.7MWorld Rnk 10 / 112
Flag Rnk 626 / 1204
2022
Destination $785k China
2021 - 2022
FASTEST GROWING MARKET $785kGermany
2022
PRODUCT COMPLEXITY IN Iron Oxides and Hydroxides-0.26Rnk 633 / 1025
2022
Imports $24.2MWorld Rnk 16 / 188
Flag Rnk 807 / 1213
2022
Origin $2.13M China
2021 - 2022
FASTEST GROWING ORIGIN $2.13MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $22.7M in Iron Oxides and Hydroxides, making it the 10th largest exporter of Iron Oxides and Hydroxides in the world. At the same year, Iron Oxides and Hydroxides was the 626th most exported product in South Korea. The main destination of Iron Oxides and Hydroxides exports from South Korea are: China ($14.9M), India ($1.17M), United States ($983k), Vietnam ($946k), and Germany ($831k).

The fastest growing export markets for Iron Oxides and Hydroxides of South Korea between 2021 and 2022 were Germany ($785k), Italy ($491k), and Australia ($436k).

Imports In 2022, South Korea imported $24.2M in Iron Oxides and Hydroxides, becoming the 16th largest importer of Iron Oxides and Hydroxides in the world. At the same year, Iron Oxides and Hydroxides was the 807th most imported product in South Korea. South Korea imports Iron Oxides and Hydroxides primarily from: China ($9.68M), Germany ($8.33M), United States ($1.67M), Japan ($1.57M), and Italy ($666k).

The fastest growing import markets in Iron Oxides and Hydroxides for South Korea between 2021 and 2022 were Germany ($2.13M), United States ($824k), and United Kingdom ($141k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Iron Oxides and Hydroxides exports accounted up to $2.17M and imports accounted up to $1.87M, resulting in a positive trade balance of $299k. Between July 2023 and July 2024 the exports of South Korea's   Iron Oxides and Hydroxides have increased by $973k (81.2%) from $1.2M to $2.17M, while imports decreased by $-1.17M (-38.5%) from $3.05M to $1.87M.

Destinations In July 2024, Iron Oxides and Hydroxides were exported mostly to China ($1.9M), Vietnam ($66k), United States ($47k), India ($33k), and Saudi Arabia ($30k), and were imported mostly from China ($847k), Germany ($775k), Japan ($103k), Brazil ($59k), and Spain ($33k).

Growth In July 2024, the increase in Iron Oxides and Hydroxides's year-by-year exports was explained primarily by an increase in exports to United States ($77k or 233%), Kuwait ($22k or 91.7%), and Turkey ($21k or 300%). In July 2024, the decrease in Iron Oxides and Hydroxides's year-by-year imports was explained primarily by a decrease in imports from China ($-749k or -56.9%), Japan ($-125k or -58.4%), and France ($-29k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$973k(81.2%)
IMPORT GROWTH (July 2023 - July 2024)$-1.17M(-38.5%)
MAIN DESTINATION (July 2024)China$1.9M

This section shows Iron Oxides and Hydroxides'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 Oxides and Hydroxides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.7M
IMPORTS (2022)$24.2M
NET TRADE (2022)-$1.49M

In 2022, South Korea exported $22.7M in Iron Oxides and Hydroxides. The main destinations of South Korea exports on Iron Oxides and Hydroxides were China ($14.9M), India ($1.17M), United States ($983k), Vietnam ($946k), and Germany ($831k).

In 2022, South Korea imported $24.2M in Iron Oxides and Hydroxides, mainly from China ($9.68M), Germany ($8.33M), United States ($1.67M), Japan ($1.57M), and Italy ($666k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Oxides and Hydroxides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Germany$785k (1.71k%)
Italy$491k (374%)
Australia$436k (952%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Oxides and Hydroxides BY South Korea WERE (2021 - 2022):
China-$20.3M (-57.6%)
Kazakhstan-$484k (-100%)
Saudi Arabia-$314k (-41.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Iron Oxides and Hydroxides were:
China $514M
Germany $367M
South Africa $82.2M
In 2022, South Korea's main importing competitors in Iron Oxides and Hydroxides were:
United States $381M
China $166M
Germany $62.6M

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Trade Value of Iron Oxides and Hydroxides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $904k
TOP IMPORT POTENTIALChina+ $2.61M

Iron Oxides and Hydroxides’s highest export potential is United States. With an export gap of $904k.   Iron Oxides and Hydroxides’s highest import potential is China with an import gap of $2.61M.

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