Aluminum articles in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $5.82B in Aluminum articles, making it the 17th largest exporter of Aluminum articles in the world. At the same year, Aluminum articles was the 17th most exported product in South Korea. The main destination of Aluminum articles exports from South Korea are: China ($1.36B), United States ($1.01B), Vietnam ($614M), Japan ($368M), and Turkey ($252M).

The fastest growing export markets for Aluminum articles of South Korea between 2021 and 2022 were United States ($475M), China ($182M), and Turkey ($121M).

Imports In 2022, South Korea imported $9.23B in Aluminum articles, becoming the 9th largest importer of Aluminum articles in the world. At the same year, Aluminum articles was the 12th most imported product in South Korea. South Korea imports Aluminum articles primarily from: China ($2.16B), India ($1.36B), Australia ($903M), United States ($808M), and Malaysia ($482M).

The fastest growing import markets in Aluminum articles for South Korea between 2021 and 2022 were China ($530M), Australia ($250M), and United States ($152M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (980), LG ELECTRONICS U.S.A. INC. (534), and HP INC C/O MAERSK LNS (368) were at the forefront of shipping Aluminum articles from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Aluminum articles exports accounted up to $360M and imports accounted up to $601M, resulting in a negative trade balance of $241M. Between February 2023 and February 2024 the exports of South Korea's Aluminum articles have decreased by $-25.1M (-6.52%) from $385M to $360M, while imports decreased by $-24.6M (-3.93%) from $625M to $601M.

Destinations In February 2024, Aluminum articles were exported mostly to China ($84.1M), United States ($56.9M), Vietnam ($43.8M), Japan ($23.5M), and Mexico ($23.5M), and were imported mostly from China ($135M), Australia ($92.6M), Russia ($63.6M), United States ($51M), and India ($34.1M).

Growth In February 2024, the decrease in Aluminum articles's year-by-year exports was explained primarily by a decrease in exports to United States ($-51.1M or -50.7%), China ($-43.9M or -37%), and India ($-14.9M or -52%). In February 2024, the decrease in Aluminum articles's year-by-year imports was explained primarily by a decrease in imports from India ($-128M or -66.9%), United Arab Emirates ($-32.1M or -64.6%), and Russia ($-13.4M or -20.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-25.1M(-6.52%)

IMPORT GROWTH (February 2023 - February 2024)$-24.6M(-3.93%)

MAIN DESTINATION (February 2024)China$84.1M

This section shows Aluminum articles'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 Aluminum articles over time.

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