South Korea has witnessed reduction in imports by 2% M-o-M to 5.99 MnT in Nov’17 as against 6.14 MnT in Oct’17. The Y-o-Y imports witnessed a decline of 4% Y-o-Y in Nov’17 as against 6.25 MnT in Nov’16.
The Y-o-Y iron ore imports from Jan-Nov’17 increased by 2% climbing to 66.28 MnT in Nov’17 as against 65.03 MnT previous year same period.
An agglomerated iron ore (pellets and concentrate) imports were down by 33% M-o-M to 0.41 MnT in Nov’17 against 0.61 MnT in Oct’17. The Y-o-Y change depicted a rise of 37% as compared to 0.3 MnT in Nov’16.
A non-agglomerated iron ore (lumps & fines) imports has increased marginally by 1% M-o-M to 5.57 MnT in Nov’17 compared to Oct’17 which stood at 5.53 MnT. However, it was down by 6% Y-o-Y in Nov’17 as against 5.94 MnT in Nov’16.
Country-wise South Korea Iron Ore import-:
Australia continues to remain largest iron ore exporter to South Korea in Nov’17 and it exported 4.13 MnT iron ore, followed by Brazil 1.37 MnT and South Africa 0.2 MnT.
South Korea Country wise import data for Nov’17 v/s Oct’17
| Country | Nov’17 | Oct’17 | M-o-M (%) | Jan-Nov’17 | Jan-Nov’16 | Y-o-Y(%) |
| Australia | 4.13 | 4.06 | 2% | 46.73 | 47.23 | -1% |
| Brazil | 1.37 | 0.91 | 51% | 9.84 | 9.69 | 2% |
| South Africa | 0.2 | 0.44 | -55% | 4.38 | 3.3 | 33% |
| Ukraine | 0.17 | 0.17 | 0% | 0.84 | 0.71 | 18% |
| Canada | 0.12 | 0.35 | -66% | 2.73 | 2.34 | 17% |
| India | 0 | 0.12 | -100% | 0.99 | 0.56 | 77% |
| Chile | 0 | 0 | 0% | 0.61 | 0.96 | -36% |
| Finland | 0 | 0.09 | -100% | 0.09 | 0 | 100% |
| Others | 0 | 0 | 0% | 0.07 | 0.21 | -67% |
| Grand Total | 5.99 | 6.14 | -2% | 66.28 | 65.03 | 2% |
Quantity in MnT
Source: South Korea Customs
Provisional Data
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