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Where does South Korea get its ferroalloys? Import sources 2024

In 2024, South Korea imported $1.8 billion of ferroalloys (1.1 million tonnes), 4.1% of the world total. Its main sources were Brazil (18%), India (16%) and China (12%). South Korea was the world’s 5th-largest importer of ferroalloys.

Summary

Value
$1.8billion
Tonnes
1.1million tonnes
Share of world total
4.1%
World rank
5th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Brazil325Tonnes: 54,050USD per tonne: $6,00918.1%Sea
India289Tonnes: 230,405USD per tonne: $1,25616.1%Sea
China207Tonnes: 122,992USD per tonne: $1,68511.5%Sea
Indonesia202Tonnes: 135,186USD per tonne: $1,49211.2%Sea
Malaysia193Tonnes: 176,805USD per tonne: $1,08910.7%Sea
South Africa190Tonnes: 166,909USD per tonne: $1,13810.6%Sea
Kazakhstan89Tonnes: 51,386USD per tonne: $1,7325%Sea
Russia87.6Tonnes: 57,711USD per tonne: $1,5184.9%Sea
Vietnam56.1Tonnes: 46,751USD per tonne: $1,2003.1%Sea
Colombia49.7Tonnes: 12,761USD per tonne: $3,8952.8%Sea
Oman27.3Tonnes: 22,578USD per tonne: $1,2101.5%Sea
Bhutan13Tonnes: 10,367USD per tonne: $1,2510.72%Sea
Japan12.1Tonnes: 4,693USD per tonne: $2,5750.67%Sea
Singapore re-exports11.7Tonnes: 431USD per tonne: $27,2410.65%Sea
Austria8.8Tonnes: 440USD per tonne: $19,9890.49%Sea
Norway8.7Tonnes: 4,227USD per tonne: $2,0670.49%Sea
United Kingdom5.9Tonnes: 1,471USD per tonne: $4,0090.33%Sea
Dominican Republic4Tonnes: 779USD per tonne: $5,1220.22%Sea
Thailand3.1Tonnes: 1,472USD per tonne: $2,0900.17%Sea
Slovenia2.3Tonnes: 120USD per tonne: $19,5390.13%Sea

Trend

Who it buys from

Brazil has been its main source since 2024

Value in USD millions. The five largest sources in 2024.

  • Brazil 325
  • India 289
  • China 207
  • Indonesia 202
  • Malaysia 193

Source: CEPII BACI

Show the numbers
Partner19952024
Brazil5.3325
India28.3289
China203207
Indonesia17.6202
Malaysia0193

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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