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2022
Exports $3.19BWorld Rnk 1 / 124
Flag Rnk 37 / 1204
2022
Destination $75.7M China
2021 - 2022
FASTEST GROWING MARKET $75.7MIndia
2022
PRODUCT COMPLEXITY IN Cold-Rolled Iron0.081Rnk 526 / 1025
2022
Imports $189MWorld Rnk 26 / 203
Flag Rnk 381 / 1213
2022
Origin $3.22M China
2021 - 2022
FASTEST GROWING ORIGIN $3.22MBelgium
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.19B in Cold-Rolled Iron, making it the 1st largest exporter of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 37th most exported product in South Korea. The main destination of Cold-Rolled Iron exports from South Korea are: China ($506M), Japan ($438M), Mexico ($418M), Thailand ($352M), and India ($277M).

The fastest growing export markets for Cold-Rolled Iron of South Korea between 2021 and 2022 were India ($75.7M), Turkey ($56.2M), and Germany ($35.3M).

Imports In 2022, South Korea imported $189M in Cold-Rolled Iron, becoming the 26th largest importer of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 381st most imported product in South Korea. South Korea imports Cold-Rolled Iron primarily from: China ($151M), Japan ($28.8M), Belgium ($3.23M), Mexico ($1.58M), and Chinese Taipei ($1.21M).

The fastest growing import markets in Cold-Rolled Iron for South Korea between 2021 and 2022 were Belgium ($3.22M), Mexico ($1.21M), and Chinese Taipei ($1.02M).

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Cold-Rolled Iron exports accounted up to $183M and imports accounted up to $17.2M, resulting in a positive trade balance of $165M. Between November 2023 and November 2024 the exports of South Korea's   Cold-Rolled Iron have increased by $18.2M (11.1%) from $165M to $183M, while imports decreased by $-7.37M (-30%) from $24.6M to $17.2M.

Destinations In November 2024, Cold-Rolled Iron were exported mostly to Japan ($32.3M), Thailand ($21.9M), Mexico ($17.9M), Malaysia ($16.5M), and China ($15.1M), and were imported mostly from China ($17M), India ($111k), Japan ($81k), United States ($30k), and Chinese Taipei ($4k).

Growth In November 2024, the increase in Cold-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to Turkey ($12.7M or 146%), India ($3.81M or 17%), and Indonesia ($3.67M or 36.7%). In November 2024, the decrease in Cold-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from China ($-5.73M or -38.7%), Japan ($-4.44M or -82.1%), and United States ($-65k or -68.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$18.2M(11.1%)
IMPORT GROWTH (November 2023 - November 2024)$-7.37M(-30%)
MAIN DESTINATION (November 2024)Japan$32.3M

This section shows Cold-Rolled 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 Cold-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.19B
IMPORTS (2022)$189M
NET TRADE (2022)$3B

In 2022, South Korea exported $3.19B in Cold-Rolled Iron. The main destinations of South Korea exports on Cold-Rolled Iron were China ($506M), Japan ($438M), Mexico ($418M), Thailand ($352M), and India ($277M).

In 2022, South Korea imported $189M in Cold-Rolled Iron, mainly from China ($151M), Japan ($28.8M), Belgium ($3.23M), Mexico ($1.58M), and Chinese Taipei ($1.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cold-Rolled Iron EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$75.7M (37.6%)
Turkey$56.2M (66%)
Germany$35.3M (227%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cold-Rolled Iron BY South Korea WERE (2021 - 2022):
China-$118M (-18.9%)
Pakistan-$35.1M (-48.8%)
Chinese Taipei-$34.5M (-39.8%)
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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 Cold-Rolled Iron were:
China $2.87B
Japan $1.62B
In 2022, South Korea's main importing competitors in Cold-Rolled Iron were:
United States $1.77B
Mexico $1.16B
China $1.02B

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Trade Value of Cold-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.9M
TOP IMPORT POTENTIALJapan+ $6.11M

Cold-Rolled Iron’s highest export potential is United States. With an export gap of $40.9M.   Cold-Rolled Iron’s highest import potential is Japan with an import gap of $6.11M.

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