2022
Exports
$118MWorld Rnk 6 / 84
Flag Rnk 355 / 1204
2022
PRODUCT COMPLEXITY IN Tug Boats
-0.93Rnk 819 / 1025
2022
Imports
$25MWorld Rnk 22 / 141
Flag Rnk 800 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $118M in Tug Boats, making it the 6th largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 355th most exported product in South Korea. The main destination of Tug Boats exports from South Korea are: Belgium ($108M), China ($2.56M), Indonesia ($2.17M), Chinese Taipei ($1.44M), and Philippines ($1.09M).

The fastest growing export markets for Tug Boats of South Korea between 2021 and 2022 were Belgium ($108M), China ($2.56M), and Indonesia ($2.17M).

Imports In 2022, South Korea imported $25M in Tug Boats, becoming the 22nd largest importer of Tug Boats in the world. At the same year, Tug Boats was the 800th most imported product in South Korea. South Korea imports Tug Boats primarily from: China ($17.6M), Malaysia ($5.89M), Japan ($1.41M), Belize ($126k), and United States ($8.76k).

The fastest growing import markets in Tug Boats for South Korea between 2021 and 2022 were China ($14.1M), Malaysia ($5.89M), and Japan ($1.06M).

COMPANIES In 2023, leading companies such as Uttermost Furniture (1) were at the forefront of shipping Tug Boats from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - September 2024)$-150k(-4.29%)
IMPORT GROWTH (August 2023 - September 2024)$576k(N/A%)
MAIN DESTINATION (September 2024)India$3.35M

This section shows Tug Boats'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 Tug Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$118M
IMPORTS (2022)$25M
NET TRADE (2022)$92.7M

In 2022, South Korea exported $118M in Tug Boats. The main destinations of South Korea exports on Tug Boats were Belgium ($108M), China ($2.56M), Indonesia ($2.17M), Chinese Taipei ($1.44M), and Philippines ($1.09M).

In 2022, South Korea imported $25M in Tug Boats, mainly from China ($17.6M), Malaysia ($5.89M), Japan ($1.41M), Belize ($126k), and United States ($8.76k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Belgium$108M (1%)
China$2.56M (1%)
Indonesia$2.17M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY South Korea WERE (2021 - 2022):
Singapore-$26M (-100%)
Chinese Taipei-$3.76M (-72.3%)
Vietnam-$3.17M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Tug Boats were:
In 2022, South Korea's main importing competitors in Tug Boats were:

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.91M
TOP IMPORT POTENTIALJapan+ $255k

Tug Boats’s highest export potential is China. With an export gap of $1.91M.   Tug Boats’s highest import potential is Japan with an import gap of $255k.

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