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Pricing

2022
Exports $6.61MWorld Rnk 23 / 133
Flag Rnk 787 / 1204
2022
Destination $922k Russia
2021 - 2022
FASTEST GROWING MARKET $922kRussia
2022
PRODUCT COMPLEXITY IN Cast Iron Pipes-0.028Rnk 555 / 1025
2022
Imports $2.12MWorld Rnk 101 / 206
Flag Rnk 1093 / 1213
2022
Origin $37.3k China
2021 - 2022
FASTEST GROWING ORIGIN $37.3kTurkey
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.61M in Cast Iron Pipes, making it the 23rd largest exporter of Cast Iron Pipes in the world. At the same year, Cast Iron Pipes was the 787th most exported product in South Korea. The main destination of Cast Iron Pipes exports from South Korea are: Russia ($1.75M), Hong Kong ($830k), United Arab Emirates ($612k), Bangladesh ($527k), and Algeria ($321k).

The fastest growing export markets for Cast Iron Pipes of South Korea between 2021 and 2022 were Russia ($922k), Canada ($292k), and United Arab Emirates ($244k).

Imports In 2022, South Korea imported $2.12M in Cast Iron Pipes, becoming the 101st largest importer of Cast Iron Pipes in the world. At the same year, Cast Iron Pipes was the 1093rd most imported product in South Korea. South Korea imports Cast Iron Pipes primarily from: China ($1.74M), United States ($150k), Ireland ($108k), Turkey ($37.3k), and Japan ($16.3k).

The fastest growing import markets in Cast Iron Pipes for South Korea between 2021 and 2022 were Turkey ($37.3k), Ireland ($32.9k), and Vietnam ($8.99k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Cast Iron Pipes exports accounted up to $357k and imports accounted up to $113k, resulting in a positive trade balance of $244k. Between July 2023 and July 2024 the exports of South Korea's   Cast Iron Pipes have decreased by $-159k (-30.8%) from $516k to $357k, while imports decreased by $-1k (-0.88%) from $114k to $113k.

Destinations In July 2024, Cast Iron Pipes were exported mostly to Russia ($106k), Germany ($90k), Panama ($46k), United States ($34k), and Indonesia ($33k), and were imported mostly from China ($70k), Italy ($34k), United States ($5k), Japan ($4k), and Liberia ($0).

Growth In July 2024, the decrease in Cast Iron Pipes's year-by-year exports was explained primarily by a decrease in exports to Pakistan ($-6k or -75%). In July 2024, the decrease in Cast Iron Pipes's year-by-year imports was explained primarily by a decrease in imports from China ($-64k or -21.7%), United Kingdom ($-27k or -96.4%), and Japan ($-1k or -50%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-159k(-30.8%)
IMPORT GROWTH (July 2023 - July 2024)$-1k(-0.88%)
MAIN DESTINATION (July 2024)Russia$106k

This section shows Cast Iron Pipes'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 Cast Iron Pipes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.61M
IMPORTS (2022)$2.12M
NET TRADE (2022)$4.49M

In 2022, South Korea exported $6.61M in Cast Iron Pipes. The main destinations of South Korea exports on Cast Iron Pipes were Russia ($1.75M), Hong Kong ($830k), United Arab Emirates ($612k), Bangladesh ($527k), and Algeria ($321k).

In 2022, South Korea imported $2.12M in Cast Iron Pipes, mainly from China ($1.74M), United States ($150k), Ireland ($108k), Turkey ($37.3k), and Japan ($16.3k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Cast Iron Pipes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$922k (112%)
Canada$292k (43k%)
United Arab Emirates$244k (66.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cast Iron Pipes BY South Korea WERE (2021 - 2022):
Bangladesh-$916k (-63.5%)
Iraq-$352k (-90.7%)
Vietnam-$313k (-61.9%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Cast Iron Pipes were:
China $501M
France $279M
United Arab Emirates $271M
In 2022, South Korea's main importing competitors in Cast Iron Pipes were:
Kuwait $284M
France $119M
Germany $94.6M

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Trade Value of Cast Iron Pipes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $197k
TOP IMPORT POTENTIALChina+ $820k

Cast Iron Pipes’s highest export potential is Indonesia. With an export gap of $197k.   Cast Iron Pipes’s highest import potential is China with an import gap of $820k.

See methodology.

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