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2022
Exports $469MWorld Rnk 16 / 218
Flag Rnk 53 / 96
2022
Destination $4.26M United States
2021 - 2022
FASTEST GROWING MARKET $4.26MBelgium
2022
PRODUCT COMPLEXITY IN Misc. manufactures1.06Rnk 149 / 1025
2022
Imports $846MWorld Rnk 15 / 226
Flag Rnk 63 / 96
2022
Origin $29.9M China
2021 - 2022
FASTEST GROWING ORIGIN $29.9MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $469M in Misc. manufactures, making it the 16th largest exporter of Misc. manufactures in the world. At the same year, Misc. manufactures was the 53rd most exported product in South Korea. The main destination of Misc. manufactures exports from South Korea are: United States ($84.8M), Japan ($58.9M), Vietnam ($52.4M), China ($32.5M), and Germany ($25.1M).

The fastest growing export markets for Misc. manufactures of South Korea between 2021 and 2022 were Belgium ($4.26M), Singapore ($3.32M), and Philippines ($3.04M).

Imports In 2022, South Korea imported $846M in Misc. manufactures, becoming the 15th largest importer of Misc. manufactures in the world. At the same year, Misc. manufactures was the 63rd most imported product in South Korea. South Korea imports Misc. manufactures primarily from: China ($526M), Japan ($100M), United States ($35.8M), Germany ($33.9M), and Vietnam ($24.5M).

The fastest growing import markets in Misc. manufactures for South Korea between 2021 and 2022 were China ($29.9M), Italy ($6.39M), and United States ($4.5M).

COMPANIES In 2023, leading companies such as LG Electronics (7.06k), Tesla (47), and General Motors (31) were at the forefront of shipping Misc. manufactures from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Misc. manufactures exports accounted up to $40.9M and imports accounted up to $100M, resulting in a negative trade balance of $59.1M. Between July 2023 and July 2024 the exports of South Korea's   Misc. manufactures have increased by $2.85M (7.49%) from $38.1M to $40.9M, while imports increased by $16.3M (19.4%) from $83.7M to $100M.

Destinations In July 2024, Misc. manufactures were exported mostly to United States ($9.67M), Japan ($5.21M), Vietnam ($4.02M), China ($2.74M), and Australia ($1.57M), and were imported mostly from China ($65.1M), Japan ($8.52M), Philippines ($7.89M), Vietnam ($2.8M), and United States ($2.53M).

Growth In July 2024, the increase in Misc. manufactures's year-by-year exports was explained primarily by an increase in exports to Poland ($546k or 390%), Chile ($378k or 7.56k%), and New Zealand ($195k or 542%). In July 2024, the increase in Misc. manufactures's year-by-year imports was explained primarily by an increase in imports from Philippines ($2.37M or 95.9%), Japan ($1.21M or 14.3%), and Italy ($550k or 52.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.85M(7.49%)
IMPORT GROWTH (July 2023 - July 2024)$16.3M(19.4%)
MAIN DESTINATION (July 2024)United States$9.67M

This section shows Misc. manufactures'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 Misc. manufactures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$469M
IMPORTS (2022)$846M
NET TRADE (2022)-$377M

In 2022, South Korea exported $469M in Misc. manufactures. The main destinations of South Korea exports on Misc. manufactures were United States ($84.8M), Japan ($58.9M), Vietnam ($52.4M), China ($32.5M), and Germany ($25.1M).

In 2022, South Korea imported $846M in Misc. manufactures, mainly from China ($526M), Japan ($100M), United States ($35.8M), Germany ($33.9M), and Vietnam ($24.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Misc. manufactures EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Belgium$4.26M (53.7%)
Singapore$3.32M (128%)
Philippines$3.04M (54%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Misc. manufactures BY South Korea WERE (2021 - 2022):
China-$13.9M (-30%)
Vietnam-$9.37M (-15.2%)
Japan-$2.41M (-3.93%)
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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 Misc. manufactures were:
China $22.4B
Germany $2.97B
Japan $1.96B
In 2022, South Korea's main importing competitors in Misc. manufactures were:
United States $7.5B
Germany $2.59B
France $1.76B

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Trade Value of Misc. manufactures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16.8M
TOP IMPORT POTENTIALChina+ $87.9M

Misc. manufactures’s highest export potential is China. With an export gap of $16.8M.   Misc. manufactures’s highest import potential is China with an import gap of $87.9M.

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