Pig Iron in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $27.3M in Pig Iron, making it the 21st largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 593rd most exported product in South Korea. The main destination of Pig Iron exports from South Korea are: Vietnam ($25.5M), Thailand ($1.23M), Indonesia ($377k), United Arab Emirates ($89.8k), and Costa Rica ($53k).

The fastest growing export markets for Pig Iron of South Korea between 2021 and 2022 were Thailand ($937k), Vietnam ($476k), and Indonesia ($200k).

Imports In 2022, South Korea imported $111M in Pig Iron, becoming the 10th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 489th most imported product in South Korea. South Korea imports Pig Iron primarily from: Russia ($55.6M), India ($26.6M), Japan ($16.8M), South Africa ($5.37M), and Vietnam ($3.3M).

The fastest growing import markets in Pig Iron for South Korea between 2021 and 2022 were Russia ($13.2M), Japan ($6.22M), and Vietnam ($3.3M).

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

Latest Trends

February 2024

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Overview In February 2024 South Korea's Pig Iron exports accounted up to $1.09M and imports accounted up to $8.26M, resulting in a negative trade balance of $7.18M. Between February 2023 and February 2024 the exports of South Korea's Pig Iron have decreased by $-545k (-33.4%) from $1.63M to $1.09M, while imports decreased by $-9.33M (-53%) from $17.6M to $8.26M.

Destinations In February 2024, Pig Iron were exported mostly to Vietnam ($1.09M), South Africa ($0), China ($0), Japan ($0), and Russia ($0), and were imported mostly from Japan ($6.2M), Russia ($1.32M), South Africa ($735k), China ($0), and Vietnam ($0).

Growth In February 2024, the decrease in Pig Iron's year-by-year exports was explained primarily by a decrease in exports to Japan ($-6k or -100%). In February 2024, the decrease in Pig Iron's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-545k(-33.4%)

IMPORT GROWTH (February 2023 - February 2024)$-9.33M(-53%)

MAIN DESTINATION (February 2024)Vietnam$1.09M

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$27.3M

IMPORTS (2022)$111M

NET TRADE (2022)-$83.8M

In 2022, South Korea exported $27.3M in Pig Iron. The main destinations of South Korea exports on Pig Iron were Vietnam ($25.5M), Thailand ($1.23M), Indonesia ($377k), United Arab Emirates ($89.8k), and Costa Rica ($53k).

In 2022, South Korea imported $111M in Pig Iron, mainly from Russia ($55.6M), India ($26.6M), Japan ($16.8M), South Africa ($5.37M), and Vietnam ($3.3M).

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