# Republic of Korea HS 721123 exports | Yugalinks

Explore reported HS 721123 exports from Republic of Korea: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Republic of Korea |
| HS6 | 721123 |
| Latest exports | $28.9M |
| Active destinations | 40 |
| Three-year growth | -6.7% |
| Destination HHI | 2,414 |
| Weighted share | 45.9% |

## Destination markets

- Japan: $10.2M; share 79%; growth +14.1%
- China: $9.3M; share 47.4%; growth -13.8%
- Viet Nam: $2.3M; share 8.9%; growth -2.7%
- Italy: $1.8M; share 9.4%; growth +2.8%
- Mexico: $1.5M; share 1.5%; growth -5.7%

## Price intelligence

- Highest reported market price: Dominican Republic at $51.7K / ton.
- Lowest reported market price: India at $356.8 / ton.
- Median reported price: $1.0K / ton.
- Price spread: 5,018.3%.

## Export history

- 2010: $28.7M
- 2011: $31.0M
- 2012: $26.9M
- 2013: $21.7M
- 2014: $21.4M
- 2015: $16.7M
- 2016: $19.5M
- 2017: $26.6M
- 2018: $26.6M
- 2019: $27.0M
- 2020: $22.7M
- 2021: $34.3M
- 2022: $27.9M
- 2023: $24.8M
- 2024: $27.9M

## Methods

Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.

Missing values are shown as Not reported and are not imputed.

## Complete structured values

```json
{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/kor/721123",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/721123",
    "exporter": "https://www.yugalinks.com/trade/exporter/kor/721123",
    "methodology": "https://www.yugalinks.com/methodology"
  },
  "methodology": {
    "summary": "Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.",
    "reportedValues": "Merchandise trade observations for an exporter, HS6 product, destination market, and available year.",
    "destinations": "Destination rows are ranked by latest observed exporter-lane value.",
    "prices": "Unit values are reported trade value divided by reported quantity where quantity is positive.",
    "missingData": "Missing values are shown as Not reported and are not imputed."
  },
  "exporter": {
    "hs_code": "721123",
    "exporter_iso3": "KOR",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 102,
    "current_lane_count": 40,
    "active_market_count": 40,
    "exports_latest_observed_lanes_usd": 28936397.822184972,
    "exports_current_2024_usd": 27852701.151214134,
    "exports_avg_3y_usd": 26841017.949134957,
    "exports_avg_5y_usd": 27509194.021776028,
    "exports_avg_10y_usd": 25393724.504511222,
    "exports_cagr_3y_pct": -6.725991407653941,
    "exports_cagr_5y_pct": 0.6296896542743013,
    "exports_cagr_10y_pct": 2.6731569265681543,
    "exports_all_year_lane_avg_usd": 29461452.329591688,
    "exports_historical_lane_peak_usd": 98573442.88638583,
    "historical_peak_year": 2005,
    "positive_growth_year_share_pct": 55.172413793103445,
    "trend_acceleration_pct": -9.399148334222096,
    "trend_label": "Declining",
    "top_market_iso3": "JPN",
    "top_market_exports_usd": 10167100.914942268,
    "top_market_share_pct": 35.136028255553455,
    "destination_hhi": 2413.7943827036092,
    "weighted_share_latest_pct": 45.94718178616526,
    "weighted_share_change_1y_pp": 2.9192308997392122,
    "weighted_volatility_cv": 0.691993779951148,
    "weighted_max_drawdown_pct": 71.99546520013968,
    "limited_history_lane_share_pct": 34.31372549019608,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:29:10",
    "source": "api",
    "product": {
      "hs_code": 721123,
      "hs_description": "Iron or non-alloy steel: flat-rolled, cold-rolled, of a width less than 600mm, containing by weight less than 0.25% of carbon",
      "hs_chapter": 72,
      "hs_heading": 7211,
      "substitution_elasticity": null,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Iron or non-alloy steel: flat-rolled, cold-rolled, of a width less than 600mm, containing by weight less than 0.25% of carbon",
    "hs_chapter": 72,
    "hs_heading": 7211,
    "destinations": [
      {
        "hs_code": 721123,
        "corridor_rank": 23,
        "exporter_iso3": "KOR",
        "importer_iso3": "JPN",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 10167100.914942268,
        "exports_all_year_avg_usd": 3307506.314881448,
        "exports_avg_3y_usd": 9231697.843884522,
        "exports_avg_5y_usd": 7782960.33893053,
        "exports_avg_10y_usd": 5550260.368149967,
        "exports_cagr_3y_pct": 14.139105952513887,
        "exports_cagr_5y_pct": 14.543650470699877,
        "exports_cagr_10y_pct": 16.755137631557915,
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        "buyer_yoy_all_avg_pct": 6.8018,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 79.03882319079867,
        "market_share_change_1y_pp": -2.023913738929352,
        "peer_best_share_pct": 79.03882319079867,
        "peer_top_exporter": "KOR",
        "supplier_count_latest": 21,
        "buyer_market_hhi": 6358,
        "distance_km": 1156.6695556640625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.019192582961135757,
        "tariff_advantage_pp": 0.025107009371248486,
        "volatility_cv": 0.7274868591461188,
        "max_drawdown_pct": 65.60709539277964,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
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        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
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        "corridor_rank": 27,
        "exporter_iso3": "KOR",
        "importer_iso3": "CHN",
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        "exports_all_year_avg_usd": 7410227.263907173,
        "exports_avg_3y_usd": 9578984.950429661,
        "exports_avg_5y_usd": 10466271.679208878,
        "exports_avg_10y_usd": 9028842.388279159,
        "exports_cagr_3y_pct": -13.823703106745844,
        "exports_cagr_5y_pct": 0.057572149847362475,
        "exports_cagr_10y_pct": 2.1177238352492633,
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        "market_share_change_1y_pp": 9.35686657110115,
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        "peer_top_exporter": "KOR",
        "supplier_count_latest": 45,
        "buyer_market_hhi": 2956.91,
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        "has_reported_fta": 1,
        "applied_tariff_pct": 0.29886233885252517,
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        "volatility_cv": 0.4680564324777011,
        "max_drawdown_pct": 64.29842680064124,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Growing",
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        "importer_iso3": "VNM",
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        "exports_avg_10y_usd": 1554641.2422176923,
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        "exports_cagr_5y_pct": 11.259035250264283,
        "exports_cagr_10y_pct": 24.944247719024148,
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        "peer_best_share_pct": 60.2928882834317,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 10,
        "buyer_market_hhi": 4365.87,
        "distance_km": 2740.13525390625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.15333395833888885,
        "tariff_advantage_pp": 0.1308451959812802,
        "volatility_cv": 1.1593595770901335,
        "max_drawdown_pct": 93.16484615484829,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
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        "signal_flag": "Accelerating",
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        "importer_iso3": "ITA",
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        "risk_driver_labels": "['unrecovered_drawdown']",
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        "exporter_iso3": "KOR",
        "importer_iso3": "MEX",
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        "exports_avg_3y_usd": 1316255.754496699,
        "exports_avg_5y_usd": 1292666.965648687,
        "exports_avg_10y_usd": 1087716.150617253,
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        "supplier_count_latest": 24,
        "buyer_market_hhi": 4527.22,
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    "priceSummary": {
      "exporter_iso3": "KOR",
      "hs_code": 721123,
      "num_markets": 53,
      "highest_price_importer_iso3": "DOM",
      "highest_price_usd_per_ton": 51724.13793103448,
      "lowest_price_importer_iso3": "IND",
      "lowest_price_usd_per_ton": 356.8288119738073,
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      "avg_quantity_metric_tons": 935.3042429378531,
      "total_trade_value_usd": 171061142
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        "yoy_growth_pct": 15.402196268391217
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        "year": 2014,
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        "year": 2015,
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        "year": 2016,
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      {
        "year": 2024,
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    "economy": {
      "year": 2024,
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      "imports_usd": 602781511915.9164,
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      "yoy_exports_growth_pct": 8.99738243181556,
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      "exports_cagr_3y_pct": 2.3762912989319096,
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      "export_partner_hhi": 1005.4152216058833,
      "export_product_hhi": 224.2651640980364,
      "momentum_score": 7.011055091950464,
      "risk_score": 6.148401928519599,
      "gdp_million_usd": 1875388.209406803,
      "gdp_per_capita_usd": 36238.63990831499,
      "population": 51751065,
      "labor_force": 28232.98,
      "investment_rate_pct": 32.11,
      "savings_rate_pct": 33.94,
      "secondary_education_pct": 97.7,
      "tertiary_education_pct": 60.3,
      "total_factor_productivity": 1485.56,
      "trade_openness_pct": 81.8058450718175,
      "exports_gdp_pct": 44.50347113880819,
      "num_active_partners": 270,
      "num_fta_partners": 58,
      "num_wto_partners": 169,
      "num_eu_partners": 28,
      "num_shared_border_partners": 1,
      "num_shared_language_partners": 1,
      "avg_partner_distance_km": 9523.444444444445,
      "avg_partner_gdp_million_usd": 533678518.3258193,
      "avg_partner_gdp_per_capita_usd": 15.774186170212769,
      "avg_buyer_biz_entry_days": null,
      "avg_buyer_biz_entry_cost_pct": null,
      "pct_partners_with_fta": 21.48148148148148,
      "pct_partners_shared_language": 0.3703703703703704,
      "pct_partners_shared_border": 0.3703703703703704,
      "avg_applied_tariff_pct": 0.1325559179132643,
      "avg_mfn_tariff_pct": 0.13730118197136373,
      "avg_preferential_tariff_pct": 0.040044337595312784,
      "tariff_advantage_pp": 0.09725684437605095,
      "avg_distance_all_partners_km": 9624.182081122517,
      "num_border_partners": 20,
      "num_colonial_partners": 25,
      "avg_substitution_elasticity": -10.797487279973065,
      "pct_products_high_elasticity": 75.69542668552569,
      "pct_products_low_elasticity": 2.710985384252711,
      "real_market_potential": 193723.88455191866,
      "foreign_market_potential": 21832.519125198414
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    "countryMap": {}
  },
  "product": {
    "hs_code": "721123",
    "hs_description": "Iron or non-alloy steel: flat-rolled, cold-rolled, of a width less than 600mm, containing by weight less than 0.25% of carbon",
    "hs_chapter": 72,
    "hs_heading": 7211
  },
  "destinations": [
    {
      "hs_code": 721123,
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}
```