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2022
Exports $1.59BWorld Rnk 9 / 219
Flag Rnk 69 / 1204
falsefalse United States
2021 - 2022
FASTEST GROWING MARKETfalseSlovakia
2022
PRODUCT COMPLEXITY IN Transmissions1.46Rnk 62 / 1025
2022
Imports $1.27BWorld Rnk 13 / 225
Flag Rnk 82 / 1213
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.59B in Transmissions, making it the 9th largest exporter of Transmissions in the world. At the same year, Transmissions was the 69th most exported product in South Korea. The main destination of Transmissions exports from South Korea are: United States ($362M), China ($304M), Japan ($146M), Slovakia ($113M), and Mexico ($91.3M).

The fastest growing export markets for Transmissions of South Korea between 2021 and 2022 were Slovakia ($12.4M), Indonesia ($7.81M), and Canada ($7.46M).

Imports In 2022, South Korea imported $1.27B in Transmissions, becoming the 13th largest importer of Transmissions in the world. At the same year, Transmissions was the 82nd most imported product in South Korea. South Korea imports Transmissions primarily from: China ($440M), Germany ($207M), Japan ($167M), United States ($92.8M), and Chinese Taipei ($88.6M).

COMPANIES In 2023, leading companies such as Schaeffler Group (246), SKF Group (132), and Transaxle Manufacturing (27) were at the forefront of shipping Transmissions from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Transmissions exports accounted up to $128M and imports accounted up to $116M, resulting in a positive trade balance of $11.9M. Between July 2023 and July 2024 the exports of South Korea's   Transmissions have increased by $7.32M (6.06%) from $121M to $128M, while imports increased by $9.67M (9.08%) from $106M to $116M.

Destinations In July 2024, Transmissions were exported mostly to United States ($26.8M), China ($26.7M), Japan ($10.7M), Slovakia ($10.6M), and India ($7.91M), and were imported mostly from China ($36.8M), Germany ($22.8M), Japan ($11.9M), United States ($9.8M), and France ($5.98M).

Growth In July 2024, the increase in Transmissions's year-by-year exports was explained primarily by an increase in exports to India ($2.56M or 57.1%), Indonesia ($1.02M or 82.5%), and Hungary ($838k or 101%). In July 2024, the increase in Transmissions's year-by-year imports was explained primarily by an increase in imports from Japan ($2.87M or 29.3%), France ($1.16M or 29.7%), and Slovakia ($1.09M or 44.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$7.32M(6.06%)
IMPORT GROWTH (July 2023 - July 2024)$9.67M(9.08%)
MAIN DESTINATION (July 2024)United States$26.8M

This section shows Transmissions's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Transmissions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.59B
IMPORTS (2022)$1.27B
NET TRADE (2022)$314M

In 2022, South Korea exported $1.59B in Transmissions. The main destinations of South Korea exports on Transmissions were United States ($362M), China ($304M), Japan ($146M), Slovakia ($113M), and Mexico ($91.3M).

In 2022, South Korea imported $1.27B in Transmissions, mainly from China ($440M), Germany ($207M), Japan ($167M), United States ($92.8M), and Chinese Taipei ($88.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Transmissions EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Slovakia$12.4M (12.3%)
Indonesia$7.81M (85.2%)
Canada$7.46M (17.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Transmissions BY South Korea WERE (2021 - 2022):
United States-$107M (-22.9%)
Mexico-$21.8M (-19.3%)
Brazil-$13.4M (-24.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Transmissions were:
Germany $12.6B
China $11.7B
United States $7.44B
In 2022, South Korea's main importing competitors in Transmissions were:
United States $10.7B
Germany $6.19B
China $5.42B

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Trade Value of Transmissions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $102M
TOP IMPORT POTENTIALChina+ $118M

Transmissions’s highest export potential is China. With an export gap of $102M.   Transmissions’s highest import potential is China with an import gap of $118M.

See methodology.

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