South Korea Metal Products Industry Outlook 2022 - 2026

Key Market Indicators

Korean exports of metal products are expected to reach $3.1 billion by 2026, up 2.3% year-on-year on average from $2.7 billion in 2021. Since 1993, the country has seen an average annual increase of 4.8%. Last year, Korea ranked fifth in this export market, behind Japan's $2.7 billion. Germany, the United States and Japan were second, third and fourth respectively. Korean imports of metal products are set to reach $1.2 billion by 2026, up 1.8% year-on-year on average from $1.1 billion in 2021. Since 1993, the country has seen an average annual rise of 3%. Last year, India was the leader with $1.1 billion and Korea ranked eighteenth. Germany, China and Mexico were second, third and fourth respectively.

South Korea Metal Products Market Data and Forecasts

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