2022
Exports
$112MWorld Rnk 10 / 109
Flag Rnk 361 / 1204
2022
PRODUCT COMPLEXITY IN Flat-Rolled Iron
1.12Rnk 129 / 1025
2022
Imports
$124MWorld Rnk 14 / 182
Flag Rnk 463 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $112M in Flat-Rolled Iron, making it the 10th largest exporter of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 361st most exported product in South Korea. The main destination of Flat-Rolled Iron exports from South Korea are: China ($33.4M), Vietnam ($16.1M), India ($12M), Thailand ($7.97M), and Indonesia ($7.55M).

The fastest growing export markets for Flat-Rolled Iron of South Korea between 2021 and 2022 were Hong Kong ($3.49M), Guatemala ($3.16M), and Thailand ($2.03M).

Imports In 2022, South Korea imported $124M in Flat-Rolled Iron, becoming the 14th largest importer of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 463rd most imported product in South Korea. South Korea imports Flat-Rolled Iron primarily from: Japan ($47.4M), France ($39.7M), China ($22.1M), Germany ($6.98M), and United States ($2.35M).

The fastest growing import markets in Flat-Rolled Iron for South Korea between 2021 and 2022 were Japan ($8.92M), Russia ($682k), and Austria ($542k).

COMPANIES In 2023, leading companies such as TPV Tech (9) and Samsung (1) were at the forefront of shipping Flat-Rolled Iron from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-15k(-0.26%)
IMPORT GROWTH (July 2023 - July 2024)$10.2M(87.7%)
MAIN DESTINATION (July 2024)Thailand$1.69M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$112M
IMPORTS (2022)$124M
NET TRADE (2022)-$12.5M

In 2022, South Korea exported $112M in Flat-Rolled Iron. The main destinations of South Korea exports on Flat-Rolled Iron were China ($33.4M), Vietnam ($16.1M), India ($12M), Thailand ($7.97M), and Indonesia ($7.55M).

In 2022, South Korea imported $124M in Flat-Rolled Iron, mainly from Japan ($47.4M), France ($39.7M), China ($22.1M), Germany ($6.98M), and United States ($2.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Iron EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$3.49M (128%)
Guatemala$3.16M (204%)
Thailand$2.03M (34.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Iron BY South Korea WERE (2021 - 2022):
Saudi Arabia-$6.17M (-100%)
Egypt-$2.95M (-70.1%)
Russia-$2.09M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Flat-Rolled Iron were:
In 2022, South Korea's main importing competitors in Flat-Rolled Iron were:

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Trade Value of Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.16M
TOP IMPORT POTENTIALChina+ $6.06M

Flat-Rolled Iron’s highest export potential is China. With an export gap of $5.16M.   Flat-Rolled Iron’s highest import potential is China with an import gap of $6.06M.

See methodology.

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