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2022
Exports $1.61MWorld Rnk 23 / 131
Flag Rnk 946 / 1204
2022
Destination $510k United States
2021 - 2022
FASTEST GROWING MARKET $510kUnited States
2022
Imports $4.83MWorld Rnk 16 / 208
Flag Rnk 1024 / 1213
2022
Origin $366k China
2021 - 2022
FASTEST GROWING ORIGIN $366kItaly
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.61M in Iron Anchors, making it the 23rd largest exporter of Iron Anchors in the world. At the same year, Iron Anchors was the 946th most exported product in South Korea. The main destination of Iron Anchors exports from South Korea are: United States ($1.28M), United Arab Emirates ($103k), New Zealand ($43.2k), Chinese Taipei ($36.4k), and Singapore ($26.7k).

The fastest growing export markets for Iron Anchors of South Korea between 2021 and 2022 were United States ($510k), United Arab Emirates ($98.4k), and New Zealand ($43.2k).

Imports In 2022, South Korea imported $4.83M in Iron Anchors, becoming the 16th largest importer of Iron Anchors in the world. At the same year, Iron Anchors was the 1024th most imported product in South Korea. South Korea imports Iron Anchors primarily from: China ($4.01M), Italy ($366k), India ($175k), Vietnam ($69.1k), and Australia ($58.3k).

The fastest growing import markets in Iron Anchors for South Korea between 2021 and 2022 were Italy ($366k), India ($74.6k), and Australia ($58.3k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Iron Anchors exports accounted up to $21k and imports accounted up to $535k, resulting in a negative trade balance of $514k. Between July 2023 and July 2024 the exports of South Korea's   Iron Anchors have decreased by $-69k (-76.7%) from $90k to $21k, while imports increased by $208k (63.6%) from $327k to $535k.

Destinations In July 2024, Iron Anchors were exported mostly to Chile ($18k), Vietnam ($3k), China ($0), India ($0), and France ($0), and were imported mostly from China ($533k), France ($2k), India ($0), Vietnam ($0), and United States ($0).

Growth In July 2024, the decrease in Iron Anchors's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Iron Anchors's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-69k(-76.7%)
IMPORT GROWTH (July 2023 - July 2024)$208k(63.6%)
MAIN DESTINATION (July 2024)Chile$18k

This section shows Iron Anchors'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 Iron Anchors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.61M
IMPORTS (2022)$4.83M
NET TRADE (2022)-$3.22M

In 2022, South Korea exported $1.61M in Iron Anchors. The main destinations of South Korea exports on Iron Anchors were United States ($1.28M), United Arab Emirates ($103k), New Zealand ($43.2k), Chinese Taipei ($36.4k), and Singapore ($26.7k).

In 2022, South Korea imported $4.83M in Iron Anchors, mainly from China ($4.01M), Italy ($366k), India ($175k), Vietnam ($69.1k), and Australia ($58.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Anchors EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$510k (66.6%)
United Arab Emirates$98.4k (1.93k%)
New Zealand$43.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Anchors BY South Korea WERE (2021 - 2022):
Russia-$204k (-98.9%)
Singapore-$121k (-81.9%)
Chinese Taipei-$57.4k (-61.2%)
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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 Iron Anchors were:
China $136M
India $31M
Netherlands $16.9M
In 2022, South Korea's main importing competitors in Iron Anchors were:
United States $54.6M
Netherlands $23M
Japan $13.4M

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Trade Value of Iron Anchors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.2k
TOP IMPORT POTENTIALChina+ $330k

Iron Anchors’s highest export potential is China. With an export gap of $21.2k.   Iron Anchors’s highest import potential is China with an import gap of $330k.

See methodology.

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