Iron Pipe Fittings in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $1.09B in Iron Pipe Fittings, making it the 5th largest exporter of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 93rd most exported product in South Korea. The main destination of Iron Pipe Fittings exports from South Korea are: United States ($354M), Japan ($98.7M), China ($90.6M), Chinese Taipei ($52.3M), and Saudi Arabia ($50.3M).

The fastest growing export markets for Iron Pipe Fittings of South Korea between 2021 and 2022 were United States ($170M), Saudi Arabia ($18.2M), and United Arab Emirates ($16.7M).

Imports In 2022, South Korea imported $519M in Iron Pipe Fittings, becoming the 12th largest importer of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 182nd most imported product in South Korea. South Korea imports Iron Pipe Fittings primarily from: China ($345M), United States ($47.2M), Japan ($20.7M), Italy ($15.1M), and Vietnam ($12.6M).

The fastest growing import markets in Iron Pipe Fittings for South Korea between 2021 and 2022 were China ($58.8M), Singapore ($7.51M), and United States ($3.88M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS USA (10), SIGMA CORPORATION (9), and VICTAULIC COMPANY OF AMERICA (1) were at the forefront of shipping Iron Pipe Fittings from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Iron Pipe Fittings exports accounted up to $88.6M and imports accounted up to $37.3M, resulting in a positive trade balance of $51.3M. Between March 2023 and March 2024 the exports of South Korea's Iron Pipe Fittings have decreased by $-18.3M (-17.1%) from $107M to $88.6M, while imports decreased by $-5.54M (-12.9%) from $42.9M to $37.3M.

Destinations In March 2024, Iron Pipe Fittings were exported mostly to United States ($29.6M), China ($9.15M), Japan ($7.18M), United Arab Emirates ($6.35M), and Saudi Arabia ($4.94M), and were imported mostly from China ($21.4M), United States ($5.12M), Japan ($1.61M), Vietnam ($1.52M), and Italy ($1.42M).

Growth In March 2024, the decrease in Iron Pipe Fittings's year-by-year exports was explained primarily by a decrease in exports to United States ($-5.41M or -17.4%), Mexico ($-1.58M or -67%), and United Arab Emirates ($-1.38M or -50.5%). In March 2024, the decrease in Iron Pipe Fittings's year-by-year imports was explained primarily by a decrease in imports from China ($-6.09M or -17.7%), United States ($-1.89M or -29.8%), and India ($-624k or -58.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-18.3M(-17.1%)

IMPORT GROWTH (March 2023 - March 2024)$-5.54M(-12.9%)

MAIN DESTINATION (March 2024)United States$29.6M

This section shows Iron Pipe Fittings'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 Pipe Fittings over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.09B

IMPORTS (2022)$519M

NET TRADE (2022)$569M

In 2022, South Korea exported $1.09B in Iron Pipe Fittings. The main destinations of South Korea exports on Iron Pipe Fittings were United States ($354M), Japan ($98.7M), China ($90.6M), Chinese Taipei ($52.3M), and Saudi Arabia ($50.3M).

In 2022, South Korea imported $519M in Iron Pipe Fittings, mainly from China ($345M), United States ($47.2M), Japan ($20.7M), Italy ($15.1M), and Vietnam ($12.6M).

Explore Visualizations