Iron Ingots in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $5.71M in Iron Ingots, making it the 21st largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 811th most exported product in South Korea. The main destination of Iron Ingots exports from South Korea are: China ($2.96M), Japan ($1.99M), Malaysia ($307k), Indonesia ($167k), and Thailand ($78.2k).

The fastest growing export markets for Iron Ingots of South Korea between 2021 and 2022 were China ($1.63M), Japan ($1.11M), and Malaysia ($164k).

Imports In 2022, South Korea imported $705k in Iron Ingots, becoming the 60th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1149th most imported product in South Korea. South Korea imports Iron Ingots primarily from: Canada ($401k), United States ($111k), Nigeria ($87.4k), China ($63.3k), and Japan ($22.2k).

The fastest growing import markets in Iron Ingots for South Korea between 2021 and 2022 were Canada ($401k), United States ($49.5k), and Hong Kong ($5.81k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Iron Ingots from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Iron Ingots exports accounted up to $109k and imports accounted up to $0, resulting in a positive trade balance of $109k. Between February 2023 and February 2024 the exports of South Korea's Iron Ingots have decreased by $-27k (-19.9%) from $136k to $109k, while imports remained the same by $0 (N/A%) from $0 to $0.

Destinations In February 2024, Iron Ingots were exported mostly to China ($67k), Japan ($34k), and Thailand ($8k), and were imported mostly from China ($0), Japan ($0), and Thailand ($0).

Growth In February 2024, the decrease in Iron Ingots's year-by-year exports was explained primarily by a decrease in exports to China ($-133k or -53.2%). In February 2024, the change in Iron Ingots's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-27k(-19.9%)

MAIN DESTINATION (February 2024)China$67k

This section shows Iron Ingots'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 Ingots over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$5.71M

IMPORTS (2022)$705k

NET TRADE (2022)$5M

In 2022, South Korea exported $5.71M in Iron Ingots. The main destinations of South Korea exports on Iron Ingots were China ($2.96M), Japan ($1.99M), Malaysia ($307k), Indonesia ($167k), and Thailand ($78.2k).

In 2022, South Korea imported $705k in Iron Ingots, mainly from Canada ($401k), United States ($111k), Nigeria ($87.4k), China ($63.3k), and Japan ($22.2k).

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