Large Flat-Rolled Iron in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $178M in Large Flat-Rolled Iron, making it the 11th largest exporter of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 299th most exported product in South Korea. The main destination of Large Flat-Rolled Iron exports from South Korea are: Thailand ($35.4M), Japan ($33.2M), China ($29.7M), India ($13.4M), and Vietnam ($11.9M).

The fastest growing export markets for Large Flat-Rolled Iron of South Korea between 2021 and 2022 were Poland ($3.3M), Japan ($2.44M), and Colombia ($2.17M).

Imports In 2022, South Korea imported $45.8M in Large Flat-Rolled Iron, becoming the 30th largest importer of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 690th most imported product in South Korea. South Korea imports Large Flat-Rolled Iron primarily from: China ($32.6M), Germany ($4.81M), Sweden ($3.35M), Japan ($2.03M), and United States ($1.18M).

The fastest growing import markets in Large Flat-Rolled Iron for South Korea between 2021 and 2022 were China ($4.37M), Sweden ($1.24M), and United States ($815k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Large Flat-Rolled Iron from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Large Flat-Rolled Iron exports accounted up to $12.5M and imports accounted up to $1.42M, resulting in a positive trade balance of $11.1M. Between February 2023 and February 2024 the exports of South Korea's Large Flat-Rolled Iron have decreased by $-431k (-3.34%) from $12.9M to $12.5M, while imports decreased by $-354k (-19.9%) from $1.78M to $1.42M.

Destinations In February 2024, Large Flat-Rolled Iron were exported mostly to Japan ($3.81M), Thailand ($2.44M), China ($1.88M), India ($1.23M), and Vietnam ($720k), and were imported mostly from Germany ($619k), China ($474k), Sweden ($186k), Japan ($93k), and Chinese Taipei ($17k).

Growth In February 2024, the decrease in Large Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to China ($-1.17M or -47.5%), Vietnam ($-821k or -53.6%), and Pakistan ($-441k or -88%). In February 2024, the decrease in Large Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from China ($-207k or -22.7%), Japan ($-197k or -71.6%), and Chinese Taipei ($-26k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-431k(-3.34%)

IMPORT GROWTH (February 2023 - February 2024)$-354k(-19.9%)

MAIN DESTINATION (February 2024)Japan$3.81M

This section shows Large Flat-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 Large Flat-Rolled Iron over time.

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