There will be a small increase in the volume of Korean alumina exports in 2017
South Korea is the seventh largest exporter in the world; the total export value of South Korea was $483 billion in 2016. Over the past five years, South Korea's exports have continued to shrink, with an annual reduction of 6.156%.
Chinese is one of South Korea's main trading partner; in October 2017, South Korea to Chinese exported 262 tons of alumina; according to the published China customs data show that in January 2017 -10 months, South Korea to China exported 1641 tons of alumina, compared with the same period last year increased by 20%.
The latest estimates show that in the year of 2015, Korea exported 20794 tons of alumina to the global market, and the export volume of alumina increased to 28737 tons in 2016. The volume of exports in 2017 is expected to increase to 29828 tons.
In 2015, the total value of alumina exports in Korea was 28 million 400 thousand US dollars, and in 2016, it was US $27 million 900 thousand, and the total value of exports in 2017 will also increase, or will reach US $29 million 800 thousand.