Korea Trade Data

Iron and steel: South Korea exports to Mexico

HS chapter 72 · 철강 · latest month: October 2026

Exports, October 2026
$128.6M
-12.8% vs previous month
vs same month a year earlier
+3.3%
export value
Exports, last 12 months
$1.58B
-8.8% vs 12 months before
Export weight, October 2026
122,645 t
net weight
Export value per kg
$1.05
October 2026

In October 2026, South Korea exported $128.6 million of iron and steel (HS 72) to Mexico, down 12.8% from September 2026 and up 3.3% from October 2025.

Over the 12 months to October 2026, exports of iron and steel (HS 72) to Mexico totalled $1.58 billion, down 8.8% from the 12 months before ($1.74 billion).

Mexico took 6.8% of South Korea's exports of this product over the 12 months to October 2026, ranking 5th of 148 destinations (4th in the 12 months before).

This product made up 10.2% of South Korea's goods exports to Mexico over the same period.

The average export value in October 2026 was $1.05 per kg of net weight, compared with $1.00 per kg in October 2025.

Imports from Mexico in October 2026 were $484,387 (up 78.3% from October 2025), leaving a surplus of $128.1 million for the month.

Last 24 months

Monthly exportsExport value in US dollars (FOB).
$0M$50M$100M$150M$200MOct ’26May ’26Dec ’25Jul ’25Feb ’25November 2024: $135.6 millionDecember 2024: $172.1 millionJanuary 2025: $154.5 millionFebruary 2025: $160.5 millionMarch 2025: $144.0 millionApril 2025: $159.2 millionMay 2025: $155.8 millionJune 2025: $127.3 millionJuly 2025: $140.3 millionAugust 2025: $137.1 millionSeptember 2025: $125.5 millionOctober 2025: $124.4 millionNovember 2025: $108.2 millionDecember 2025: $121.5 millionJanuary 2026: $133.5 millionFebruary 2026: $109.4 millionMarch 2026: $141.7 millionApril 2026: $123.3 millionMay 2026: $127.6 millionJune 2026: $143.3 millionJuly 2026: $144.3 millionAugust 2026: $154.2 millionSeptember 2026: $147.4 millionOctober 2026: $128.6 million
Monthly importsImport value in US dollars (CIF).
$0M$0.5M$1M$1.5MOct ’26May ’26Dec ’25Jul ’25Feb ’25$0.484MNovember 2024: $233,486December 2024: $212,560January 2025: $128,168February 2025: $243,237March 2025: $82,341April 2025: $1.1 millionMay 2025: $571,401June 2025: $182,039July 2025: $600,955August 2025: $621,707September 2025: $335,218October 2025: $271,740November 2025: $182,369December 2025: $193,673January 2026: $332,920February 2026: $651,951March 2026: $234,314April 2026: $327,343May 2026: $57,719June 2026: $150,766July 2026: $207,173August 2026: $249,270September 2026: $377,665October 2026: $484,387

Monthly figures

MonthExportsvs year earlierExport weightExport $/kg ImportsImport weight
October 2026$128.6M+3.3%122,645 t $1.05$484K204 t
September 2026$147.4M+17.4%147,618 t $1.00$378K132 t
August 2026$154.2M+12.5%157,244 t $0.98$249K141 t
July 2026$144.3M+2.9%147,769 t $0.98$207K203 t
June 2026$143.3M+12.6%152,014 t $0.94$151K297 t
May 2026$127.6M-18.1%141,874 t $0.90$58K87.4 t
April 2026$123.3M-22.5%126,071 t $0.98$327K499 t
March 2026$141.7M-1.6%154,123 t $0.92$234K402 t
February 2026$109.4M-31.8%112,761 t $0.97$652K805 t
January 2026$133.5M-13.6%137,073 t $0.97$333K478 t
December 2025$121.5M-29.4%125,570 t $0.97$194K151 t
November 2025$108.2M-20.2%106,151 t $1.02$182K103 t
October 2025$124.4M-22.5%125,017 t $1.00$272K183 t
September 2025$125.5M-31.8%121,577 t $1.03$335K230 t
August 2025$137.1M-32.6%138,159 t $0.99$622K356 t
July 2025$140.3M-38.5%141,707 t $0.99$601K324 t
June 2025$127.3M-33.8%128,092 t $0.99$182K217 t
May 2025$155.8M-29.7%152,742 t $1.02$571K416 t
April 2025$159.2M-22.5%156,122 t $1.02$1.1M689 t
March 2025$144.0M-36.4%138,120 t $1.04$82K62.0 t
February 2025$160.5M-17.0%153,484 t $1.05$243K395 t
January 2025$154.5M-16.4%146,220 t $1.06$128K171 t
December 2024$172.1M+1.1%155,986 t $1.10$213K419 t
November 2024$135.6M-24.5%126,378 t $1.07$233K537 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 Mexico

CodeProductExports, 12 monthsSharevs 12 months beforeOctober 2026
7210Flat-rolled iron or non-alloy steel, coated or plated$692.1M 43.7%-5.4%$44.3M
7225Flat-rolled products of other alloy steel$274.4M 17.3%-6.3%$27.2M
7209Flat-rolled iron or non-alloy steel, cold-rolled$189.9M 12.0%-30.5%$16.5M
7208Flat-rolled iron or non-alloy steel, hot-rolled$151.5M 9.6%+0.7%$13.7M
7219Flat-rolled products of stainless steel$99.9M 6.3%-16.6%$10.4M
7207Semi-finished products of iron or non-alloy steel$39.6M 2.5%+438.2%$3.5M
7229Wire of other alloy steel$25.9M 1.6%+3.4%$2.4M
7220Flat-rolled stainless steel, under 600 mm wide$23.8M 1.5%-10.3%$2.2M
7228Bars, rods, angles and sections of other alloy steel$18.4M 1.2%-24.4%$860K
7216Angles, shapes and sections of iron or non-alloy steel$11.4M 0.7%-28.8%$3.2M
7212Narrow flat-rolled iron or non-alloy steel (under 600 mm), coated or plated$9.7M 0.6%+7.4%$1.1M
7227Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel$9.1M 0.6%-8.0%$567K
7214Other bars and rods of iron or non-alloy steel, forged or hot-rolled$8.4M 0.5%-17.0%$417K
7217Wire or iron or non-alloy steel$6.2M 0.4%+25.9%$916K
7215Other bars and rods of iron or non-alloy steel$5.8M 0.4%+44.5%$264K
7223Wire of stainless steel$4.7M 0.3%-6.7%$252K
7211Narrow flat-rolled iron or non-alloy steel (under 600 mm), not coated$3.8M 0.2%+11.7%$215K
7213Hot-rolled bars and rods of iron or non-alloy steel, in coils$2.6M 0.2%-10.6%$225K
7202Ferro-alloys$2.5M 0.2%-85.1%$0
7205Granules and powders, of pig iron, spiegeleisen, iron or steel$2.2M 0.1%+19.4%$278K

See also: Iron and steel to all countries · all exports to Mexico