2022
Exports
$22.5MWorld Rnk 10 / 108
Flag Rnk 1279 / 4439
falsefalseN/A
2022
Imports
$24.1MWorld Rnk 16 / 185
Flag Rnk 1720 / 4519
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

The fastest growing export markets for Iron oxides and hydroxides of South Korea between 2021 and 2022 were Germany ($785k), Italy ($491k), and Australia ($436k).

Imports In 2022, South Korea imported $24.1M in Iron oxides and hydroxides, becoming the 16th largest importer of Iron oxides and hydroxides in the world. At the same year, Iron oxides and hydroxides was the 1720th most imported product in South Korea. South Korea imports Iron oxides and hydroxides primarily from: China ($9.67M), Germany ($8.33M), United States ($1.65M), Japan ($1.44M), and Italy ($664k).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Iron oxides and hydroxides from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron oxides and hydroxides. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.5M
IMPORTS (2022)$24.1M
NET TRADE (2022)-$1.51M

In 2022, South Korea imported $24.1M in Iron oxides and hydroxides, mainly from China ($9.67M), Germany ($8.33M), United States ($1.65M), Japan ($1.44M), and Italy ($664k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron oxides and hydroxides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Germany$785k (1.71k%)
Italy$491k (374%)
Australia$436k (952%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron oxides and hydroxides BY South Korea WERE (2021 - 2022):
China-$20.3M (-57.7%)
Kazakhstan-$484k (-100%)
Saudi Arabia-$314k (-41.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Iron oxides and hydroxides were:
In 2022, South Korea's main importing competitors in Iron oxides and hydroxides were:

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Trade Value of Iron oxides and hydroxides by Exporters

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