Semi-Finished Iron in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $400M in Semi-Finished Iron, making it the 16th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 182nd most exported product in South Korea. The main destination of Semi-Finished Iron exports from South Korea are: Italy ($108M), Japan ($88M), India ($59M), Chinese Taipei ($57.6M), and Thailand ($31.9M).

The fastest growing export markets for Semi-Finished Iron of South Korea between 2021 and 2022 were Italy ($108M), India ($58.9M), and Thailand ($31.9M).

Imports In 2022, South Korea imported $1.06B in Semi-Finished Iron, becoming the 10th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 98th most imported product in South Korea. South Korea imports Semi-Finished Iron primarily from: Japan ($709M), Vietnam ($90.9M), Brazil ($88.9M), Indonesia ($60.9M), and Russia ($56M).

The fastest growing import markets in Semi-Finished Iron for South Korea between 2021 and 2022 were Japan ($99.1M), Vietnam ($29.5M), and Malaysia ($11.3M).

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Semi-Finished Iron exports accounted up to $12.4M and imports accounted up to $78.9M, resulting in a negative trade balance of $66.5M. Between March 2023 and March 2024 the exports of South Korea's Semi-Finished Iron have decreased by $-10.8M (-46.6%) from $23.2M to $12.4M, while imports decreased by $-11M (-12.2%) from $89.9M to $78.9M.

Destinations In March 2024, Semi-Finished Iron were exported mostly to Japan ($9.59M), Mexico ($2.74M), China ($16k), India ($10k), and Indonesia ($4k), and were imported mostly from Japan ($46.6M), Indonesia ($11M), Russia ($9.19M), Thailand ($4.4M), and China ($3.83M).

Growth In March 2024, the decrease in Semi-Finished Iron's year-by-year exports was explained primarily by a decrease in exports to Japan ($-2.26M or -26.7%) and China ($-18k or -45%). In March 2024, the decrease in Semi-Finished Iron's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-219k or -72.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-10.8M(-46.6%)

IMPORT GROWTH (March 2023 - March 2024)$-11M(-12.2%)

MAIN DESTINATION (March 2024)Japan$9.59M

This section shows Semi-Finished Iron'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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$400M

IMPORTS (2022)$1.06B

NET TRADE (2022)-$663M

In 2022, South Korea exported $400M in Semi-Finished Iron. The main destinations of South Korea exports on Semi-Finished Iron were Italy ($108M), Japan ($88M), India ($59M), Chinese Taipei ($57.6M), and Thailand ($31.9M).

In 2022, South Korea imported $1.06B in Semi-Finished Iron, mainly from Japan ($709M), Vietnam ($90.9M), Brazil ($88.9M), Indonesia ($60.9M), and Russia ($56M).

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