Ferrous waste and scrap: South Korea exports to China
HS 7204 · 철의 웨이스트(waste)와 스크랩(scrap), 철강의 재용해용 스크랩 잉곳(scrap ingot) · latest month: October 2026
In October 2026, South Korea exported $3.0 million of ferrous waste and scrap (HS 7204) to China, up 36.6% from September 2026 and up 87.0% from October 2025.
Over the 12 months to October 2026, exports of ferrous waste and scrap (HS 7204) to China totalled $33.1 million, up 18.1% from the 12 months before ($28.0 million).
China took 10.3% of South Korea's exports of this product over the 12 months to October 2026, ranking 3rd of 25 destinations.
This product made up 0.0% of South Korea's goods exports to China over the same period.
The average export value in October 2026 was $0.90 per kg of net weight, compared with $0.65 per kg in October 2025.
Imports from China in October 2026 were $211,296 (down 2.7% from October 2025), leaving a surplus of $2.7 million for the month.
Last 24 months
Monthly figures
| Month | Exports | vs year earlier | Export weight | Export $/kg | Imports | Import weight |
|---|---|---|---|---|---|---|
| October 2026 | $3.0M | +87.0% | 3,273 t | $0.90 | $211K | 208 t |
| September 2026 | $2.2M | -13.9% | 2,029 t | $1.06 | $17K | 65.5 t |
| August 2026 | $2.4M | +39.5% | 1,894 t | $1.27 | $44K | 98.6 t |
| July 2026 | $2.6M | +20.8% | 2,876 t | $0.90 | $1.3M | 168 t |
| June 2026 | $2.1M | +40.0% | 2,359 t | $0.90 | $239K | 606 t |
| May 2026 | $2.5M | -9.9% | 2,656 t | $0.94 | $29K | 53.6 t |
| April 2026 | $3.4M | +13.2% | 3,603 t | $0.93 | $1.0M | 397 t |
| March 2026 | $5.0M | +147.5% | 3,896 t | $1.28 | $200K | 52.6 t |
| February 2026 | $1.1M | -66.8% | 1,337 t | $0.82 | $69K | 153 t |
| January 2026 | $3.6M | +34.2% | 3,892 t | $0.91 | $37K | 71.7 t |
| December 2025 | $3.0M | -4.9% | 3,815 t | $0.78 | $361K | 745 t |
| November 2025 | $2.4M | +39.2% | 3,111 t | $0.78 | $289K | 95.5 t |
| October 2025 | $1.6M | -25.6% | 2,435 t | $0.65 | $217K | 452 t |
| September 2025 | $2.5M | +81.3% | 3,541 t | $0.71 | $46K | 75.4 t |
| August 2025 | $1.7M | -7.2% | 3,148 t | $0.55 | $82K | 143 t |
| July 2025 | $2.1M | -19.1% | 3,044 t | $0.71 | $97K | 84.8 t |
| June 2025 | $1.5M | -38.3% | 2,284 t | $0.66 | $46K | 78.2 t |
| May 2025 | $2.8M | +59.1% | 3,512 t | $0.79 | $63K | 96.6 t |
| April 2025 | $3.0M | -47.6% | 3,747 t | $0.79 | $90K | 138 t |
| March 2025 | $2.0M | -75.2% | 3,030 t | $0.66 | $74K | 158 t |
| February 2025 | $3.3M | -0.9% | 3,574 t | $0.92 | $25K | 109 t |
| January 2025 | $2.6M | -58.2% | 3,038 t | $0.87 | $120K | 185 t |
| December 2024 | $3.1M | -54.3% | 3,664 t | $0.85 | $69K | 121 t |
| November 2024 | $1.7M | -83.7% | 1,944 t | $0.90 | $60K | 121 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.
See also: Ferrous waste and scrap to all countries · all exports to China