Metal-Rolling Mills in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $261M in Metal-Rolling Mills, making it the 4th largest exporter of Metal-Rolling Mills in the world. At the same year, Metal-Rolling Mills was the 237th most exported product in South Korea. The main destination of Metal-Rolling Mills exports from South Korea are: United States ($60.5M), Japan ($34M), Hungary ($30.4M), China ($22.5M), and India ($17.4M).

The fastest growing export markets for Metal-Rolling Mills of South Korea between 2021 and 2022 were Hungary ($7.86M), Saudi Arabia ($7.14M), and Japan ($5.89M).

Imports In 2022, South Korea imported $154M in Metal-Rolling Mills, becoming the 8th largest importer of Metal-Rolling Mills in the world. At the same year, Metal-Rolling Mills was the 420th most imported product in South Korea. South Korea imports Metal-Rolling Mills primarily from: China ($66.4M), Japan ($34.2M), Germany ($23.9M), United States ($11.7M), and Italy ($3.92M).

The fastest growing import markets in Metal-Rolling Mills for South Korea between 2021 and 2022 were Germany ($21.3M), China ($20.2M), and United States ($4.91M).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (32), LG ELECTRONICS USA (10), and FORD MOTOR COMPANY (3) were at the forefront of shipping Metal-Rolling Mills from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Metal-Rolling Mills exports accounted up to $24.9M and imports accounted up to $16.6M, resulting in a positive trade balance of $8.34M. Between March 2023 and March 2024 the exports of South Korea's Metal-Rolling Mills have decreased by $-1.8M (-6.72%) from $26.7M to $24.9M, while imports increased by $4.27M (34.6%) from $12.3M to $16.6M.

Destinations In March 2024, Metal-Rolling Mills were exported mostly to United States ($10.4M), Japan ($3.98M), Brazil ($2.06M), China ($1.96M), and Germany ($1.58M), and were imported mostly from China ($5.5M), France ($5.35M), Japan ($4.82M), Slovenia ($365k), and Germany ($294k).

Growth In March 2024, the decrease in Metal-Rolling Mills's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-1.43M or -75.8%), Hungary ($-1.2M or -12.2%), and Thailand ($-807k or -93.3%). In March 2024, the increase in Metal-Rolling Mills's year-by-year imports was explained primarily by an increase in imports from Thailand ($452k or 113%), Japan ($249k or 15.9%), and United States ($199k or 21.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-1.8M(-6.72%)

IMPORT GROWTH (March 2023 - March 2024)$4.27M(34.6%)

MAIN DESTINATION (March 2024)United States$10.4M

This section shows Metal-Rolling Mills'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 Metal-Rolling Mills over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$261M

IMPORTS (2022)$154M

NET TRADE (2022)$108M

In 2022, South Korea exported $261M in Metal-Rolling Mills. The main destinations of South Korea exports on Metal-Rolling Mills were United States ($60.5M), Japan ($34M), Hungary ($30.4M), China ($22.5M), and India ($17.4M).

In 2022, South Korea imported $154M in Metal-Rolling Mills, mainly from China ($66.4M), Japan ($34.2M), Germany ($23.9M), United States ($11.7M), and Italy ($3.92M).

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