2023
Exports
$641kWorld Rnk 46 / 91
Flag Rnk 983 / 1188
2023
PRODUCT COMPLEXITY IN Pig Iron
-1.16Rnk 869 / 1025
2023
Imports
$4.39MWorld Rnk 41 / 140
Flag Rnk 1016 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $641k in Pig Iron, making it the 46th largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 983rd most exported product in South Korea. The main destination of Pig Iron exports from South Korea are: Chinese Taipei ($542k), Saudi Arabia ($39.9k), United States ($21k), Philippines ($15.9k), and France ($9.34k).

The fastest growing export markets for Pig Iron of South Korea between 2022 and 2023 were Chinese Taipei ($542k), United States ($16.3k), and France ($8.98k).

Imports In 2023, South Korea imported $4.39M in Pig Iron, becoming the 41st largest importer of Pig Iron in the world. At the same year, Pig Iron was the 1016th most imported product in South Korea. South Korea imports Pig Iron primarily from: South Africa ($4.2M), Belgium ($174k), Sweden ($5.66k), United States ($5.32k), and Italy ($3.68k).

The fastest growing import markets in Pig Iron for South Korea between 2022 and 2023 were Belgium ($174k), Sweden ($5.66k), and Italy ($3.68k).

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-1.18M(-98.7%)
IMPORT GROWTH (January 2024 - January 2025)$3.2M(62.5%)
MAIN DESTINATION (January 2025)Vietnam$15k

This section shows Pig 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 Pig Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$641k
IMPORTS (2023)$4.39M
NET TRADE (2023)-$3.75M

In 2023, South Korea exported $641k in Pig Iron. The main destinations of South Korea exports on Pig Iron were Chinese Taipei ($542k), Saudi Arabia ($39.9k), United States ($21k), Philippines ($15.9k), and France ($9.34k).

In 2023, South Korea imported $4.39M in Pig Iron, mainly from South Africa ($4.2M), Belgium ($174k), Sweden ($5.66k), United States ($5.32k), and Italy ($3.68k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Chinese Taipei$542k (1%)
United States$16.3k (349%)
France$8.98k (2.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY South Korea WERE (2022 - 2023):
Vietnam-$25.5M (-100%)
Thailand-$1.23M (-100%)
Saudi Arabia-$703k (-94.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Pig Iron were:
Brazil $1.88B
Russia $1.37B
In 2023, South Korea's main importing competitors in Pig Iron were:

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $239k
TOP IMPORT POTENTIALSouth Africa+ $2.29M

Pig Iron’s highest export potential is Indonesia. With an export gap of $239k.   Pig Iron’s highest import potential is South Africa with an import gap of $2.29M.

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