Iron or steel articles in   South Korea

Overview In December 2024 South Korea's Iron or steel articles exports accounted up to $824M and imports accounted up to $868M, resulting in a negative trade balance of $44.6M. Between December 2023 and December 2024 the exports of South Korea's   Iron or steel articles have increased by $80.6M (10.8%) from $743M to $824M, while imports increased by $248M (40.1%) from $620M to $868M.

Destinations In December 2024, Iron or steel articles were exported mostly to United States ($246M), China ($98.9M), Chinese Taipei ($89M), Japan ($64.7M), and Vietnam ($42.9M), and were imported mostly from China ($459M), Brazil ($169M), Japan ($76.3M), United States ($45M), and Germany ($20.6M).

Growth In December 2024, the increase in Iron or steel articles's year-by-year exports was explained primarily by an increase in exports to China ($24.6M or 34.3%), United Arab Emirates ($10.6M or 153%), and Chinese Taipei ($10.2M or 35.3%). In December 2024, the increase in Iron or steel articles's year-by-year imports was explained primarily by an increase in imports from China ($10.4M or 2.43%), United States ($8.72M or 21.2%), and Vietnam ($1.81M or 13%).