# Republic of Korea HS 721640 exports | Yugalinks

Explore reported HS 721640 exports from Republic of Korea: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Republic of Korea |
| HS6 | 721640 |
| Latest exports | $24.4M |
| Active destinations | 19 |
| Three-year growth | +4.7% |
| Destination HHI | 2,753 |
| Weighted share | 27% |

## Destination markets

- China: $9.5M; share 24%; growth +125.3%
- Viet Nam: $8.1M; share 45.1%; growth +33.9%
- USA, Puerto Rico and US Virgin Islands: $1.5M; share 7.4%; growth -19.1%

## Price intelligence

- Highest reported market price: Guatemala at $77.9K / ton.
- Lowest reported market price: Czechia at $286.0 / ton.
- Median reported price: $1.0K / ton.
- Price spread: 7,637.4%.

## Export history

- 2010: $63.3M
- 2011: $74.8M
- 2012: $72.8M
- 2013: $65.2M
- 2014: $70.0M
- 2015: $33.7M
- 2016: $24.4M
- 2017: $20.1M
- 2018: $15.1M
- 2019: $10.6M
- 2020: $5.4M
- 2021: $15.8M
- 2022: $17.2M
- 2023: $18.3M
- 2024: $18.2M

## 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/721640",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/721640",
    "exporter": "https://www.yugalinks.com/trade/exporter/kor/721640",
    "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": "721640",
    "exporter_iso3": "KOR",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 103,
    "current_lane_count": 19,
    "active_market_count": 19,
    "exports_latest_observed_lanes_usd": 24374534.637776557,
    "exports_current_2024_usd": 18161440.03054202,
    "exports_avg_3y_usd": 17866262.28345253,
    "exports_avg_5y_usd": 14963940.923905034,
    "exports_avg_10y_usd": 17870018.770273454,
    "exports_cagr_3y_pct": 4.70707806813242,
    "exports_cagr_5y_pct": 11.431666138231478,
    "exports_cagr_10y_pct": -12.617382868982252,
    "exports_all_year_lane_avg_usd": 37973125.74700556,
    "exports_historical_lane_peak_usd": 152201201.49942055,
    "historical_peak_year": 2011,
    "positive_growth_year_share_pct": 55.172413793103445,
    "trend_acceleration_pct": 17.324460937114672,
    "trend_label": "Growing",
    "top_market_iso3": "CHN",
    "top_market_exports_usd": 9536560.457957499,
    "top_market_share_pct": 39.12509756464184,
    "destination_hhi": 2753.1411405282656,
    "weighted_share_latest_pct": 27.017612617533754,
    "weighted_share_change_1y_pp": 6.9875805340448816,
    "weighted_volatility_cv": 0.9345267494988792,
    "weighted_max_drawdown_pct": 92.29542427374346,
    "limited_history_lane_share_pct": 53.398058252427184,
    "data_freshness_years": 0,
    "coverage_score": 79.5,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:29:10",
    "source": "api",
    "product": {
      "hs_code": 721640,
      "hs_description": "Iron or non-alloy steel: L or T sections, hot-rolled, hot-drawn or extruded, of a height of 80mm or more",
      "hs_chapter": 72,
      "hs_heading": 7216,
      "substitution_elasticity": -7.562211,
      "price_range_label": "High price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Iron or non-alloy steel: L or T sections, hot-rolled, hot-drawn or extruded, of a height of 80mm or more",
    "hs_chapter": 72,
    "hs_heading": 7216,
    "destinations": [
      {
        "hs_code": 721640,
        "corridor_rank": 22,
        "exporter_iso3": "KOR",
        "importer_iso3": "CHN",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 9536560.457957499,
        "exports_all_year_avg_usd": 7617143.444645212,
        "exports_avg_3y_usd": 5890368.519259526,
        "exports_avg_5y_usd": 3737623.2230426082,
        "exports_avg_10y_usd": 2566353.8253002553,
        "exports_cagr_3y_pct": 125.29551442193019,
        "exports_cagr_5y_pct": 86.43178864484791,
        "exports_cagr_10y_pct": -9.69672431180465,
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        "buyer_imports_latest_observed_usd": 39739497.88539995,
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        "buyer_yoy_latest_pct": -16.2555,
        "buyer_yoy_all_avg_pct": 10.4076,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 23.99768735241412,
        "market_share_change_1y_pp": 12.58206250278204,
        "peer_best_share_pct": 73.94867324120274,
        "peer_top_exporter": "JPN",
        "supplier_count_latest": 25,
        "buyer_market_hhi": 6045.08,
        "distance_km": 955.6510620117188,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.29886233885252517,
        "tariff_advantage_pp": 0.19096898705858587,
        "volatility_cv": 1.1555018427484491,
        "max_drawdown_pct": 99.3399275559171,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
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        "hs_code": 721640,
        "corridor_rank": 29,
        "exporter_iso3": "KOR",
        "importer_iso3": "VNM",
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        "lane_data_years": 29,
        "exports_latest_observed_usd": 8095088.84176203,
        "exports_all_year_avg_usd": 3985709.338155032,
        "exports_avg_3y_usd": 7685275.184077903,
        "exports_avg_5y_usd": 5899332.252351569,
        "exports_avg_10y_usd": 6082432.664565182,
        "exports_cagr_3y_pct": 33.94949848465478,
        "exports_cagr_5y_pct": 5.300174404953273,
        "exports_cagr_10y_pct": 1.6574314659008493,
        "exports_historical_peak_usd": 9357103.136802642,
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        "supplier_count_latest": 24,
        "buyer_market_hhi": 3500.33,
        "distance_km": 2740.13525390625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.15333395833888885,
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        "volatility_cv": 0.7101080664093553,
        "max_drawdown_pct": 97.0935599024853,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
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        "corridor_rank": 79,
        "exporter_iso3": "KOR",
        "importer_iso3": "USA",
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        "lane_data_years": 20,
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        "exports_all_year_avg_usd": 1195670.263457987,
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        "exports_avg_5y_usd": 1391258.2458863878,
        "exports_avg_10y_usd": 1315593.7752934732,
        "exports_cagr_3y_pct": -19.069225985192396,
        "exports_cagr_5y_pct": -8.316491715156582,
        "exports_cagr_10y_pct": 96.4889925931412,
        "exports_historical_peak_usd": 3019376.6099604294,
        "buyer_imports_latest_observed_usd": 87862297.0392082,
        "historical_peak_year": 2000,
        "positive_growth_year_share_pct": 52.63157894736842,
        "trend_acceleration_pct": -115.5582185783336,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 4.6138,
        "buyer_yoy_all_avg_pct": 13.4993,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 7.410030376956102,
        "market_share_change_1y_pp": 1.7372138799139663,
        "peer_best_share_pct": 47.980280891872255,
        "peer_top_exporter": "MEX",
        "supplier_count_latest": 22,
        "buyer_market_hhi": 4277.16,
        "distance_km": 11065.7021484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.04295669226020202,
        "tariff_advantage_pp": 0.03830231714616161,
        "volatility_cv": 0.9029437665836506,
        "max_drawdown_pct": 99.98252189655479,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market']",
        "signal_flag": "Accelerating",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
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    ],
    "priceSummary": {
      "exporter_iso3": "KOR",
      "hs_code": 721640,
      "num_markets": 45,
      "highest_price_importer_iso3": "GTM",
      "highest_price_usd_per_ton": 77875,
      "lowest_price_importer_iso3": "CZE",
      "lowest_price_usd_per_ton": 286,
      "median_price_across_markets": 1015.9036144578313,
      "price_spread_pct": 7637.437144212524,
      "avg_quantity_metric_tons": 499.16452252252253,
      "total_trade_value_usd": 45328552
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    "history": [
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        "export_value_usd": 63273386.32118777,
        "active_destinations": 31,
        "yoy_growth_pct": 17.469737309218818
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      {
        "year": 2014,
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      {
        "year": 2015,
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        "year": 2016,
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        "year": 2017,
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      {
        "year": 2018,
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      {
        "year": 2019,
        "export_value_usd": 10570783.060241258,
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        "yoy_growth_pct": -29.926104785130754
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      {
        "year": 2020,
        "export_value_usd": 5400346.566041222,
        "active_destinations": 23,
        "yoy_growth_pct": -48.9125210945539
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      {
        "year": 2021,
        "export_value_usd": 15820571.203126352,
        "active_destinations": 18,
        "yoy_growth_pct": 192.95473928673766
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      {
        "year": 2022,
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        "active_destinations": 21,
        "yoy_growth_pct": 8.447591040493135
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      {
        "year": 2023,
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        "yoy_growth_pct": 6.547113399023706
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        "year": 2024,
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        "yoy_growth_pct": -0.6503083132250325
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    ],
    "economy": {
      "year": 2024,
      "country_iso3": "KOR",
      "exports_usd": 719146445390.6676,
      "imports_usd": 602781511915.9164,
      "trade_balance_usd": 116364933474.75122,
      "yoy_exports_growth_pct": 8.99738243181556,
      "yoy_imports_growth_pct": -2.0488493611390823,
      "exports_cagr_3y_pct": 2.3762912989319096,
      "imports_cagr_3y_pct": 0.5600101180488037,
      "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,
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      "avg_buyer_biz_entry_days": null,
      "avg_buyer_biz_entry_cost_pct": null,
      "pct_partners_with_fta": 21.48148148148148,
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      "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,
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    "countryMap": {}
  },
  "product": {
    "hs_code": "721640",
    "hs_description": "Iron or non-alloy steel: L or T sections, hot-rolled, hot-drawn or extruded, of a height of 80mm or more",
    "hs_chapter": 72,
    "hs_heading": 7216
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  "destinations": [
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      "exporter_iso3": "KOR",
      "importer_iso3": "CHN",
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      "exports_cagr_5y_pct": 86.43178864484791,
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      "has_reported_fta": 1,
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      "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
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      "exporter_iso3": "KOR",
      "importer_iso3": "VNM",
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      "exports_latest_observed_usd": 8095088.84176203,
      "exports_all_year_avg_usd": 3985709.338155032,
      "exports_avg_3y_usd": 7685275.184077903,
      "exports_avg_5y_usd": 5899332.252351569,
      "exports_avg_10y_usd": 6082432.664565182,
      "exports_cagr_3y_pct": 33.94949848465478,
      "exports_cagr_5y_pct": 5.300174404953273,
      "exports_cagr_10y_pct": 1.6574314659008493,
      "exports_historical_peak_usd": 9357103.136802642,
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      "buyer_trend_consistency_pct": 58.6207,
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      "market_share_change_1y_pp": 5.178993151287855,
      "peer_best_share_pct": 45.05957364918511,
      "peer_top_exporter": "KOR",
      "supplier_count_latest": 24,
      "buyer_market_hhi": 3500.33,
      "distance_km": 2740.13525390625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.15333395833888885,
      "tariff_advantage_pp": 0.1308451959812802,
      "volatility_cv": 0.7101080664093553,
      "max_drawdown_pct": 97.0935599024853,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 721640,
      "corridor_rank": 79,
      "exporter_iso3": "KOR",
      "importer_iso3": "USA",
      "latest_data_year": 2019,
      "lane_data_years": 20,
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      "exports_all_year_avg_usd": 1195670.263457987,
      "exports_avg_3y_usd": 906850.1340451711,
      "exports_avg_5y_usd": 1391258.2458863878,
      "exports_avg_10y_usd": 1315593.7752934732,
      "exports_cagr_3y_pct": -19.069225985192396,
      "exports_cagr_5y_pct": -8.316491715156582,
      "exports_cagr_10y_pct": 96.4889925931412,
      "exports_historical_peak_usd": 3019376.6099604294,
      "buyer_imports_latest_observed_usd": 87862297.0392082,
      "historical_peak_year": 2000,
      "positive_growth_year_share_pct": 52.63157894736842,
      "trend_acceleration_pct": -115.5582185783336,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 4.6138,
      "buyer_yoy_all_avg_pct": 13.4993,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 7.410030376956102,
      "market_share_change_1y_pp": 1.7372138799139663,
      "peer_best_share_pct": 47.980280891872255,
      "peer_top_exporter": "MEX",
      "supplier_count_latest": 22,
      "buyer_market_hhi": 4277.16,
      "distance_km": 11065.7021484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.04295669226020202,
      "tariff_advantage_pp": 0.03830231714616161,
      "volatility_cv": 0.9029437665836506,
      "max_drawdown_pct": 99.98252189655479,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market']",
      "signal_flag": "Accelerating",
      "confidence_label": "Medium",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "KOR",
    "hs_code": 721640,
    "num_markets": 45,
    "highest_price_importer_iso3": "GTM",
    "highest_price_usd_per_ton": 77875,
    "lowest_price_importer_iso3": "CZE",
    "lowest_price_usd_per_ton": 286,
    "median_price_across_markets": 1015.9036144578313,
    "price_spread_pct": 7637.437144212524,
    "avg_quantity_metric_tons": 499.16452252252253,
    "total_trade_value_usd": 45328552
  },
  "history": [
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      "year": 2010,
      "export_value_usd": 63273386.32118777,
      "active_destinations": 31,
      "yoy_growth_pct": 17.469737309218818
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      "year": 2011,
      "export_value_usd": 74839464.12807868,
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      "yoy_growth_pct": 18.279530272300104
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      "year": 2012,
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      "yoy_growth_pct": -2.7682783858181086
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      "year": 2013,
      "export_value_usd": 65194975.821103975,
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      "yoy_growth_pct": -10.40671019966811
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      "year": 2014,
      "export_value_usd": 69968055.26646826,
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      "yoy_growth_pct": 7.321238155623656
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    {
      "year": 2015,
      "export_value_usd": 33743223.96024411,
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      "yoy_growth_pct": -51.77338596630206
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    {
      "year": 2016,
      "export_value_usd": 24376727.502560403,
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      "yoy_growth_pct": -27.758155144627583
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    {
      "year": 2018,
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    {
      "year": 2019,
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      "year": 2020,
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    {
      "year": 2021,
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    {
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  "economy": {
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    "investment_rate_pct": 32.11,
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    "secondary_education_pct": 97.7,
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    "total_factor_productivity": 1485.56,
    "trade_openness_pct": 81.8058450718175,
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    "num_active_partners": 270,
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    "avg_buyer_biz_entry_days": null,
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    "pct_partners_with_fta": 21.48148148148148,
    "pct_partners_shared_language": 0.3703703703703704,
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    "avg_applied_tariff_pct": 0.1325559179132643,
    "avg_mfn_tariff_pct": 0.13730118197136373,
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    "tariff_advantage_pp": 0.09725684437605095,
    "avg_distance_all_partners_km": 9624.182081122517,
    "num_border_partners": 20,
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    "pct_products_high_elasticity": 75.69542668552569,
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    "real_market_potential": 193723.88455191866,
    "foreign_market_potential": 21832.519125198414
  }
}
```