2022
Exports
$1.25BWorld Rnk 10 / 208
Flag Rnk 84 / 1204
2022
PRODUCT COMPLEXITY IN Aircraft Parts
0.79Rnk 246 / 1025
2022
Imports
$922MWorld Rnk 13 / 217
Flag Rnk 117 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.25B in Aircraft Parts, making it the 10th largest exporter of Aircraft Parts in the world. At the same year, Aircraft Parts was the 84th most exported product in South Korea. The main destination of Aircraft Parts exports from South Korea are: United States ($558M), United Kingdom ($214M), China ($63.7M), Germany ($59.5M), and France ($57.3M).

The fastest growing export markets for Aircraft Parts of South Korea between 2021 and 2022 were United States ($165M), United Kingdom ($58.6M), and Israel ($28.4M).

Imports In 2022, South Korea imported $922M in Aircraft Parts, becoming the 13th largest importer of Aircraft Parts in the world. At the same year, Aircraft Parts was the 117th most imported product in South Korea. South Korea imports Aircraft Parts primarily from: United States ($471M), France ($79.1M), United Kingdom ($67M), Italy ($58.5M), and China ($44.6M).

The fastest growing import markets in Aircraft Parts for South Korea between 2021 and 2022 were United States ($61.8M), Italy ($25.3M), and Germany ($23.4M).

COMPANIES In 2023, leading companies such as CNH Industrial (2) and Samsung (1) were at the forefront of shipping Aircraft Parts from South Korea to the United States.

Latest Trends

June 2022

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2021 - June 2022)$-63.4M(-100%)
IMPORT GROWTH (February 2021 - June 2022)$-53.4M(-100%)
MAIN DESTINATION (June 2022)

This section shows Aircraft Parts'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 Aircraft Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.25B
IMPORTS (2022)$922M
NET TRADE (2022)$326M

In 2022, South Korea exported $1.25B in Aircraft Parts. The main destinations of South Korea exports on Aircraft Parts were United States ($558M), United Kingdom ($214M), China ($63.7M), Germany ($59.5M), and France ($57.3M).

In 2022, South Korea imported $922M in Aircraft Parts, mainly from United States ($471M), France ($79.1M), United Kingdom ($67M), Italy ($58.5M), and China ($44.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aircraft Parts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$165M (42%)
United Kingdom$58.6M (37.6%)
Israel$28.4M (164%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aircraft Parts BY South Korea WERE (2021 - 2022):
Germany-$13.9M (-18.9%)
Russia-$13.8M (-92.7%)
Thailand-$9.11M (-92.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Aircraft Parts by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Aircraft Parts’s highest export potential is N/A. With an export gap of N/A.   Aircraft Parts’s highest import potential is N/A with an import gap of N/A.

See methodology.

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