South Korea was the world's fourth-largest steel exporter in 2018. In year-to-date 2019 (through June), further referred to as YTD 2019, South Korea exported 14.9 million metric tons of steel, a 3 percent decrease from 15.3 million metric tons in YTD 2018. South Korea's exports represented about 7 percent of all steel exported globally in 2017. The volume of South Korea's 2018 steel exports was less than half of the world's largest exporter, China, and just behind the second largest exporter, Japan. In value terms, steel represented just 4.3 percent of the total amount of goods South Korea exported in 2018.