South Korea: Iron ore imports rise over 40%, m-o-m, in Mar’22

  • South Korea’s iron ore imports rose significantly by 42.04% in Mar’22 to 6.09 mnt as against 4.29 mnt in Feb, as per data released by customs.
  • Australia was the largest exporter with 4.29 mnt, followed by Canada with 0.76 mnt.
  • However, import volumes fell marginally by 12% to 16.04 mnt in Jan-Mar’22 compared with 18.17 mnt in the same period last year.

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