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2022
Exports $261MWorld Rnk 4 / 131
Flag Rnk 237 / 1204
2022
Destination $7.86M United States
2021 - 2022
FASTEST GROWING MARKET $7.86MHungary
2022
PRODUCT COMPLEXITY IN Metal-Rolling Mills1.13Rnk 124 / 1025
2022
Imports $154MWorld Rnk 8 / 189
Flag Rnk 420 / 1213
2022
Origin $21.3M China
2021 - 2022
FASTEST GROWING ORIGIN $21.3MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $261M in Metal-Rolling Mills, making it the 4th largest exporter of Metal-Rolling Mills in the world. At the same year, Metal-Rolling Mills was the 237th most exported product in South Korea. The main destination of Metal-Rolling Mills exports from South Korea are: United States ($60.5M), Japan ($34M), Hungary ($30.4M), China ($22.5M), and India ($17.4M).

The fastest growing export markets for Metal-Rolling Mills of South Korea between 2021 and 2022 were Hungary ($7.86M), Saudi Arabia ($7.14M), and Japan ($5.89M).

Imports In 2022, South Korea imported $154M in Metal-Rolling Mills, becoming the 8th largest importer of Metal-Rolling Mills in the world. At the same year, Metal-Rolling Mills was the 420th most imported product in South Korea. South Korea imports Metal-Rolling Mills primarily from: China ($66.4M), Japan ($34.2M), Germany ($23.9M), United States ($11.7M), and Italy ($3.92M).

The fastest growing import markets in Metal-Rolling Mills for South Korea between 2021 and 2022 were Germany ($21.3M), China ($20.2M), and United States ($4.91M).

COMPANIES In 2023, leading companies such as CNH Industrial (32), LG Electronics (10), and Ford Motor Company (3) were at the forefront of shipping Metal-Rolling Mills from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Metal-Rolling Mills exports accounted up to $55M and imports accounted up to $12M, resulting in a positive trade balance of $43.1M. Between October 2023 and October 2024 the exports of South Korea's   Metal-Rolling Mills have increased by $21.4M (63.7%) from $33.6M to $55M, while imports increased by $3.16M (35.9%) from $8.8M to $12M.

Destinations In October 2024, Metal-Rolling Mills were exported mostly to United States ($28.9M), Canada ($11.6M), Japan ($2.66M), Poland ($1.78M), and China ($1.71M), and were imported mostly from China ($5.28M), Japan ($4.24M), United States ($860k), France ($556k), and Germany ($423k).

Growth In October 2024, the increase in Metal-Rolling Mills's year-by-year exports was explained primarily by an increase in exports to Japan ($1.72M or 74.9%), Turkey ($955k or 274%), and United States ($637k or 81.6%). In October 2024, the increase in Metal-Rolling Mills's year-by-year imports was explained primarily by an increase in imports from Thailand ($452k or 113%), Japan ($249k or 15.9%), and United States ($199k or 21.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$21.4M(63.7%)
IMPORT GROWTH (October 2023 - October 2024)$3.16M(35.9%)
MAIN DESTINATION (October 2024)United States$28.9M

This section shows Metal-Rolling Mills'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 Metal-Rolling Mills over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$261M
IMPORTS (2022)$154M
NET TRADE (2022)$108M

In 2022, South Korea exported $261M in Metal-Rolling Mills. The main destinations of South Korea exports on Metal-Rolling Mills were United States ($60.5M), Japan ($34M), Hungary ($30.4M), China ($22.5M), and India ($17.4M).

In 2022, South Korea imported $154M in Metal-Rolling Mills, mainly from China ($66.4M), Japan ($34.2M), Germany ($23.9M), United States ($11.7M), and Italy ($3.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal-Rolling Mills EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hungary$7.86M (34.9%)
Saudi Arabia$7.14M (359%)
Japan$5.89M (21%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal-Rolling Mills BY South Korea WERE (2021 - 2022):
Sweden-$29.2M (-98.9%)
Russia-$8.31M (-82%)
United States-$7.3M (-10.8%)
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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 Metal-Rolling Mills were:
China $1.57B
Italy $722M
Germany $500M
In 2022, South Korea's main importing competitors in Metal-Rolling Mills were:
United States $683M
India $414M
China $289M

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Trade Value of Metal-Rolling Mills by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.4M
TOP IMPORT POTENTIALChina+ $11.9M

Metal-Rolling Mills’s highest export potential is China. With an export gap of $10.4M.   Metal-Rolling Mills’s highest import potential is China with an import gap of $11.9M.

See methodology.

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