Iron Reductions in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $337k in Iron Reductions, making it the 51st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 1062nd most exported product in South Korea. The main destination of Iron Reductions exports from South Korea are: China ($227k), Vietnam ($43.9k), Malaysia ($40.1k), Chinese Taipei ($9.7k), and Philippines ($7.91k).

The fastest growing export markets for Iron Reductions of South Korea between 2021 and 2022 were China ($227k), Vietnam ($43.9k), and Austria ($5.78k).

Imports In 2022, South Korea imported $272M in Iron Reductions, becoming the 5th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 295th most imported product in South Korea. South Korea imports Iron Reductions primarily from: Malaysia ($261M), China ($8.9M), United States ($855k), India ($334k), and South Africa ($153k).

The fastest growing import markets in Iron Reductions for South Korea between 2021 and 2022 were Malaysia ($162M), China ($5.05M), and United States ($182k).

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

Latest Trends

February 2024

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Overview In February 2024 South Korea's Iron Reductions exports accounted up to $12k and imports accounted up to $14.2M, resulting in a negative trade balance of $14.1M. Between February 2023 and February 2024 the exports of South Korea's Iron Reductions have increased by $12k (N/A%) from $0 to $12k, while imports decreased by $-2.23M (-13.6%) from $16.4M to $14.2M.

Destinations In February 2024, Iron Reductions were exported mostly to China ($8k), United States ($3k), Japan ($1k), India ($0), and Malaysia ($0), and were imported mostly from Malaysia ($13.8M), Japan ($141k), China ($116k), India ($76k), and Chinese Taipei ($0).

Growth In February 2024, the increase in Iron Reductions's year-by-year exports was explained primarily by an increase in exports to . In February 2024, the decrease in Iron Reductions'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)$12k(N/A%)

IMPORT GROWTH (February 2023 - February 2024)$-2.23M(-13.6%)

MAIN DESTINATION (February 2024)China$8k

This section shows Iron Reductions'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 Reductions over time.

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