Iron Powder in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $75.9M in Iron Powder, making it the 12th largest exporter of Iron Powder in the world. At the same year, Iron Powder was the 416th most exported product in South Korea. The main destination of Iron Powder exports from South Korea are: Philippines ($23.8M), Japan ($13.8M), Chinese Taipei ($12.8M), China ($12.5M), and Vietnam ($3.89M).

The fastest growing export markets for Iron Powder of South Korea between 2021 and 2022 were Philippines ($8.42M), Canada ($1.05M), and Vietnam ($1.01M).

Imports In 2022, South Korea imported $195M in Iron Powder, becoming the 4th largest importer of Iron Powder in the world. At the same year, Iron Powder was the 367th most imported product in South Korea. South Korea imports Iron Powder primarily from: Sweden ($59.5M), Japan ($47M), China ($34.5M), Italy ($15.9M), and Canada ($10.9M).

The fastest growing import markets in Iron Powder for South Korea between 2021 and 2022 were Thailand ($2.11M), China ($1.71M), and Italy ($859k).

Latest Trends

March 2024

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Overview In March 2024 South Korea's Iron Powder exports accounted up to $4.66M and imports accounted up to $17.8M, resulting in a negative trade balance of $13.1M. Between March 2023 and March 2024 the exports of South Korea's Iron Powder have decreased by $-1.02M (-17.9%) from $5.68M to $4.66M, while imports increased by $576k (3.35%) from $17.2M to $17.8M.

Destinations In March 2024, Iron Powder were exported mostly to Chinese Taipei ($1.42M), China ($921k), Japan ($866k), Philippines ($575k), and United Arab Emirates ($275k), and were imported mostly from Sweden ($6.17M), Japan ($4.59M), China ($3.91M), United States ($1.01M), and Canada ($876k).

Growth In March 2024, the decrease in Iron Powder's year-by-year exports was explained primarily by a decrease in exports to China ($-457k or -42.9%), Philippines ($-189k or -7.67%), and Malaysia ($-120k or -78.9%). In March 2024, the increase in Iron Powder's year-by-year imports was explained primarily by an increase in imports from China ($1.01M or 27.3%), Italy ($669k or 66.9k%), and Sweden ($225k or 6.01%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-1.02M(-17.9%)

IMPORT GROWTH (March 2023 - March 2024)$576k(3.35%)

MAIN DESTINATION (March 2024)Chinese Taipei$1.42M

This section shows Iron Powder'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 Powder over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$75.9M

IMPORTS (2022)$195M

NET TRADE (2022)-$119M

In 2022, South Korea exported $75.9M in Iron Powder. The main destinations of South Korea exports on Iron Powder were Philippines ($23.8M), Japan ($13.8M), Chinese Taipei ($12.8M), China ($12.5M), and Vietnam ($3.89M).

In 2022, South Korea imported $195M in Iron Powder, mainly from Sweden ($59.5M), Japan ($47M), China ($34.5M), Italy ($15.9M), and Canada ($10.9M).

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