How much vanadium does South Korea export?
It is the 4th largest exporter by value: $69 million in 2024, 10% of world exports of ferrovanadium (HS 720292) (CEPII BACI). Its biggest customer is the Netherlands, which takes 40% of its vanadium exports by value.
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South Korea's vanadium exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 4 | $69 million | 10% | 3,302 t | $20,897 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 720292 (Ferro-vanadium).
Where South Korea's vanadium goes
| Destination | Value | Share of South Korea's exports |
|---|---|---|
| Netherlands | $27M | 40% |
| India | $12M | 18% |
| Germany | $9M | 13% |
| United Arab Emirates | $3M | 5% |
| Other Asia, nes | $3M | 4.7% |
South Korea as a buyer of vanadium
South Korea imported $47.2 million of ferrovanadium (HS 720292) in 2024, 7% of world imports, ranked #5. Largest sources: China (73%), Austria (19%), Slovenia (5%), Czechia (1.7%), South Africa (1%).
Cite as: Commodity Origins, "South Korea vanadium: production, exports and prices", https://commodityorigins.com/countries/KOR/vanadium/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.