Iron and steel: South Korea exports to Spain
HS chapter 72 · 철강 · latest month: October 2026
In October 2026, South Korea exported $23.1 million of iron and steel (HS 72) to Spain, down 21.7% from September 2026 and down 5.0% from October 2025.
Over the 12 months to October 2026, exports of iron and steel (HS 72) to Spain totalled $292.6 million, down 16.2% from the 12 months before ($349.0 million).
Spain took 1.3% of South Korea's exports of this product over the 12 months to October 2026, ranking 20th of 148 destinations (18th in the 12 months before).
This product made up 7.1% of South Korea's goods exports to Spain over the same period.
The average export value in October 2026 was $0.94 per kg of net weight, compared with $0.89 per kg in October 2025.
Imports from Spain in October 2026 were $837,108 (up 170.3% from October 2025), leaving a surplus of $22.3 million for the month.
Last 24 months
Monthly figures
| Month | Exports | vs year earlier | Export weight | Export $/kg | Imports | Import weight |
|---|---|---|---|---|---|---|
| October 2026 | $23.1M | -5.0% | 24,556 t | $0.94 | $837K | 588 t |
| September 2026 | $29.5M | +52.9% | 34,243 t | $0.86 | $121K | 102 t |
| August 2026 | $23.2M | +76.6% | 27,305 t | $0.85 | $2.7M | 1,642 t |
| July 2026 | $26.2M | -40.8% | 29,514 t | $0.89 | $243K | 218 t |
| June 2026 | $21.9M | -38.8% | 25,722 t | $0.85 | $237K | 182 t |
| May 2026 | $25.9M | -16.2% | 31,224 t | $0.83 | $337K | 330 t |
| April 2026 | $23.9M | -48.5% | 28,940 t | $0.82 | $390K | 249 t |
| March 2026 | $30.0M | +29.7% | 35,106 t | $0.85 | $128K | 98.8 t |
| February 2026 | $29.7M | -4.8% | 36,898 t | $0.80 | $316K | 287 t |
| January 2026 | $27.3M | -1.1% | 29,994 t | $0.91 | $296K | 281 t |
| December 2025 | $16.6M | -36.3% | 20,814 t | $0.80 | $271K | 211 t |
| November 2025 | $15.3M | -43.2% | 16,256 t | $0.94 | $292K | 273 t |
| October 2025 | $24.3M | -42.8% | 27,421 t | $0.89 | $310K | 294 t |
| September 2025 | $19.3M | -35.5% | 18,234 t | $1.06 | $320K | 340 t |
| August 2025 | $13.1M | -51.8% | 14,029 t | $0.94 | $477K | 498 t |
| July 2025 | $44.2M | +2.6% | 50,052 t | $0.88 | $342K | 322 t |
| June 2025 | $35.8M | +5.8% | 40,874 t | $0.88 | $228K | 212 t |
| May 2025 | $30.9M | -9.3% | 39,266 t | $0.79 | $3.1M | 2,420 t |
| April 2025 | $46.3M | +39.3% | 55,042 t | $0.84 | $329K | 344 t |
| March 2025 | $23.1M | -63.6% | 29,681 t | $0.78 | $399K | 253 t |
| February 2025 | $31.2M | -21.7% | 38,286 t | $0.82 | $388K | 300 t |
| January 2025 | $27.6M | -18.7% | 38,303 t | $0.72 | $590K | 420 t |
| December 2024 | $26.1M | -19.5% | 30,950 t | $0.84 | $349K | 284 t |
| November 2024 | $27.0M | -6.5% | 30,775 t | $0.88 | $255K | 249 t |
Exports FOB, imports CIF, US dollars. Weight is net weight. "vs year earlier" compares export value with the same month one year before and is left blank when that month was under $10,000. Source: Korea Customs Service, via data.go.kr.
Largest headings exported to Spain
| Code | Product | Exports, 12 months | Share | vs 12 months before | October 2026 |
|---|---|---|---|---|---|
| 7208 | Flat-rolled iron or non-alloy steel, hot-rolled | $102.9M | 35.2% | -7.9% | $3.7M |
| 7210 | Flat-rolled iron or non-alloy steel, coated or plated | $91.2M | 31.2% | -36.7% | $11.1M |
| 7209 | Flat-rolled iron or non-alloy steel, cold-rolled | $24.4M | 8.3% | +24.2% | $3.6M |
| 7225 | Flat-rolled products of other alloy steel | $14.8M | 5.0% | +11.4% | $55K |
| 7214 | Other bars and rods of iron or non-alloy steel, forged or hot-rolled | $12.3M | 4.2% | +111.5% | $853K |
| 7219 | Flat-rolled products of stainless steel | $12.2M | 4.2% | -44.0% | $947K |
| 7220 | Flat-rolled stainless steel, under 600 mm wide | $11.7M | 4.0% | -0.3% | $979K |
| 7228 | Bars, rods, angles and sections of other alloy steel | $6.7M | 2.3% | +12.4% | $518K |
| 7223 | Wire of stainless steel | $4.1M | 1.4% | +53.4% | $803K |
| 7218 | Stainless steel in ingots or other primary forms, etc. | $3.5M | 1.2% | -44.9% | $0 |
| 7207 | Semi-finished products of iron or non-alloy steel | $3.0M | 1.0% | – | $0 |
| 7229 | Wire of other alloy steel | $1.6M | 0.6% | +23.5% | $168K |
| 7213 | Hot-rolled bars and rods of iron or non-alloy steel, in coils | $1.2M | 0.4% | +69.1% | $0 |
| 7212 | Narrow flat-rolled iron or non-alloy steel (under 600 mm), coated or plated | $1.1M | 0.4% | -21.4% | $90K |
| 7217 | Wire or iron or non-alloy steel | $1.0M | 0.4% | -9.4% | $138K |
| 7221 | Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel | $604K | 0.2% | -49.8% | $122K |
| 7204 | Ferrous waste and scrap | $100K | 0.0% | – | $0 |
| 7222 | Other bars and rods of stainless steel, etc. | $67K | 0.0% | +103.5% | $0 |
| 7211 | Narrow flat-rolled iron or non-alloy steel (under 600 mm), not coated | $40K | 0.0% | +0.2% | $0 |
| 7205 | Granules and powders, of pig iron, spiegeleisen, iron or steel | $25K | 0.0% | +100.0% | $0 |
See also: Iron and steel to all countries · all exports to Spain