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2023
Exports $130MWorld Rnk 29 / 198
Flag Rnk 315 / 1188
2023
Destination $30.8M China
2022 - 2023
FASTEST GROWING MARKET $30.8MChina
2023
PRODUCT COMPLEXITY IN Scrap Aluminium-0.71Rnk 761 / 1025
2023
Imports $1.44BWorld Rnk 4 / 152
Flag Rnk 58 / 1208
2023
Origin $35.2M United States
2022 - 2023
FASTEST GROWING ORIGIN $35.2MUnited Arab Emirates
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $130M in Scrap Aluminium, making it the 29th largest exporter of Scrap Aluminium in the world. At the same year, Scrap Aluminium was the 315th most exported product in South Korea. The main destination of Scrap Aluminium exports from South Korea are: China ($82.2M), Hong Kong ($15.7M), Saudi Arabia ($11.4M), Japan ($6.59M), and Thailand ($5.07M).

The fastest growing export markets for Scrap Aluminium of South Korea between 2022 and 2023 were China ($30.8M), India ($3.8M), and Thailand ($2.39M).

Imports In 2023, South Korea imported $1.44B in Scrap Aluminium, becoming the 4th largest importer of Scrap Aluminium in the world. At the same year, Scrap Aluminium was the 58th most imported product in South Korea. South Korea imports Scrap Aluminium primarily from: United States ($480M), Thailand ($196M), Japan ($121M), Australia ($102M), and United Arab Emirates ($89.3M).

The fastest growing import markets in Scrap Aluminium for South Korea between 2022 and 2023 were United Arab Emirates ($35.2M), Lebanon ($16.4M), and Nigeria ($5.55M).

COMPANIES In 2024, leading companies such as Robert Bosch (2) and Walong Marketing (1) were at the forefront of shipping Scrap Aluminium from South Korea to the United States.

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Scrap Aluminium exports accounted up to $8.12M and imports accounted up to $144M, resulting in a negative trade balance of $136M. Between January 2024 and January 2025 the exports of South Korea's   Scrap Aluminium have increased by $727k (9.83%) from $7.4M to $8.12M, while imports increased by $19.3M (15.5%) from $125M to $144M.

Destinations In January 2025, Scrap Aluminium were exported mostly to Saudi Arabia ($2.4M), Vietnam ($1.89M), China ($1.8M), Japan ($556k), and Hong Kong ($475k), and were imported mostly from United States ($28M), Thailand ($20.3M), Australia ($11.7M), Japan ($10.8M), and Chinese Taipei ($8.93M).

Growth In January 2025, the increase in Scrap Aluminium's year-by-year exports was explained primarily by an increase in exports to Thailand ($1.57M or 2.53k%), Japan ($1M or 176%), and France ($240k or 289%). In January 2025, the increase in Scrap Aluminium's year-by-year imports was explained primarily by an increase in imports from Mexico ($7.18M or 741%), Nigeria ($1.81M or 824%), and Guatemala ($1.11M or 128%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$727k(9.83%)
IMPORT GROWTH (January 2024 - January 2025)$19.3M(15.5%)
MAIN DESTINATION (January 2025)Saudi Arabia$2.4M

This section shows Scrap Aluminium'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 Scrap Aluminium over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$130M
IMPORTS (2023)$1.44B
NET TRADE (2023)-$1.31B

In 2023, South Korea exported $130M in Scrap Aluminium. The main destinations of South Korea exports on Scrap Aluminium were China ($82.2M), Hong Kong ($15.7M), Saudi Arabia ($11.4M), Japan ($6.59M), and Thailand ($5.07M).

In 2023, South Korea imported $1.44B in Scrap Aluminium, mainly from United States ($480M), Thailand ($196M), Japan ($121M), Australia ($102M), and United Arab Emirates ($89.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Aluminium EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
China$30.8M (59.8%)
India$3.8M (1.21k%)
Thailand$2.39M (88.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Aluminium BY South Korea WERE (2022 - 2023):
Vietnam-$11.4M (-100%)
Hong Kong-$10.8M (-40.9%)
Saudi Arabia-$5.04M (-30.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Scrap Aluminium were:
United States $3.45B
Germany $2.06B
Canada $1.2B
In 2023, South Korea's main importing competitors in Scrap Aluminium were:
India $3.57B
China $2.47B
Germany $1.68B

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Trade Value of Scrap Aluminium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $11.6M
TOP IMPORT POTENTIALMexico+ $15.4M

Scrap Aluminium’s highest export potential is China. With an export gap of $11.6M.   Scrap Aluminium’s highest import potential is Mexico with an import gap of $15.4M.

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