Raw Aluminium in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $973M in Raw Aluminium, making it the 20th largest exporter of Raw Aluminium in the world. At the same year, Raw Aluminium was the 103rd most exported product in South Korea. The main destination of Raw Aluminium exports from South Korea are: China ($291M), Vietnam ($196M), United States ($80.8M), Italy ($75.4M), and Spain ($66.6M).

The fastest growing export markets for Raw Aluminium of South Korea between 2021 and 2022 were Italy ($40.7M), United States ($24.6M), and Montenegro ($22.5M).

Imports In 2022, South Korea imported $4.31B in Raw Aluminium, becoming the 8th largest importer of Raw Aluminium in the world. At the same year, Raw Aluminium was the 17th most imported product in South Korea. South Korea imports Raw Aluminium primarily from: India ($1.34B), Australia ($769M), Malaysia ($449M), Russia ($380M), and United Arab Emirates ($330M).

The fastest growing import markets in Raw Aluminium for South Korea between 2021 and 2022 were Australia ($215M), Malaysia ($140M), and China ($124M).

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

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Raw Aluminium exports accounted up to $48M and imports accounted up to $286M, resulting in a negative trade balance of $238M. Between February 2023 and February 2024 the exports of South Korea's Raw Aluminium have increased by $1.83M (3.96%) from $46.2M to $48M, while imports increased by $6.04M (2.16%) from $280M to $286M.

Destinations In February 2024, Raw Aluminium were exported mostly to Vietnam ($15.4M), China ($12.2M), Mexico ($4.29M), Japan ($2.93M), and Indonesia ($2.75M), and were imported mostly from Australia ($85.1M), Russia ($62M), India ($32.4M), New Zealand ($19.2M), and Malaysia ($19.2M).

Growth In February 2024, the increase in Raw Aluminium's year-by-year exports was explained primarily by an increase in exports to Japan ($1.4M or 99.3%), Thailand ($985k or 210%), and Indonesia ($62k or 1.51%). In February 2024, the increase in Raw Aluminium's year-by-year imports was explained primarily by an increase in imports from Australia ($21.1M or 33.5%), China ($13.9M or 945%), and Qatar ($12.7M or 64.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$1.83M(3.96%)

IMPORT GROWTH (February 2023 - February 2024)$6.04M(2.16%)

MAIN DESTINATION (February 2024)Vietnam$15.4M

This section shows Raw 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 Raw Aluminium over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$973M

IMPORTS (2022)$4.31B

NET TRADE (2022)-$3.34B

In 2022, South Korea exported $973M in Raw Aluminium. The main destinations of South Korea exports on Raw Aluminium were China ($291M), Vietnam ($196M), United States ($80.8M), Italy ($75.4M), and Spain ($66.6M).

In 2022, South Korea imported $4.31B in Raw Aluminium, mainly from India ($1.34B), Australia ($769M), Malaysia ($449M), Russia ($380M), and United Arab Emirates ($330M).

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