Planes, Helicopters, and/or Spacecraft in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $366M in Planes, Helicopters, and/or Spacecraft, making it the 23rd largest exporter of Planes, Helicopters, and/or Spacecraft in the world. At the same year, Planes, Helicopters, and/or Spacecraft was the 191st most exported product in South Korea. The main destination of Planes, Helicopters, and/or Spacecraft exports from South Korea are: Australia ($175M), United States ($81.1M), India ($61M), Argentina ($29.4M), and France ($8M).

The fastest growing export markets for Planes, Helicopters, and/or Spacecraft of South Korea between 2021 and 2022 were Australia ($174M), United States ($64.3M), and India ($60.9M).

Imports In 2022, South Korea imported $1.9B in Planes, Helicopters, and/or Spacecraft, becoming the 21st largest importer of Planes, Helicopters, and/or Spacecraft in the world. At the same year, Planes, Helicopters, and/or Spacecraft was the 51st most imported product in South Korea. South Korea imports Planes, Helicopters, and/or Spacecraft primarily from: United States ($1.21B), Germany ($377M), France ($176M), China ($65.6M), and Italy ($49.3M).

The fastest growing import markets in Planes, Helicopters, and/or Spacecraft for South Korea between 2021 and 2022 were France ($169M), China ($52.9M), and Italy ($31.5M).

COMPANIES In 2023, leading companies such as Motorola (3), Nexen Tire (2), and LG Electronics (2) were at the forefront of shipping Planes, Helicopters, and/or Spacecraft from South Korea to the United States.

Latest Trends

July 2024

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Overview In July 2024 South Korea's Planes, Helicopters, and/or Spacecraft exports accounted up to $63.6M and imports accounted up to $1.09B, resulting in a negative trade balance of $1.03B. Between July 2023 and July 2024 the exports of South Korea's Planes, Helicopters, and/or Spacecraft have decreased by $-24.2M (-27.6%) from $87.8M to $63.6M, while imports increased by $1.03B (1.63k%) from $63.2M to $1.09B.

Destinations In July 2024, Planes, Helicopters, and/or Spacecraft were exported mostly to Thailand ($63.6M), Chinese Taipei ($1k), China ($0), France ($0), and Italy ($0), and were imported mostly from United States ($1.07B), Italy ($19M), Canada ($2.57M), Slovakia ($131k), and China ($11k).

Growth In July 2024, the decrease in Planes, Helicopters, and/or Spacecraft's year-by-year exports was explained primarily by a decrease in exports to United States ($-174k or -100%). In July 2024, the increase in Planes, Helicopters, and/or Spacecraft's year-by-year imports was explained primarily by an increase in imports from China ($363k or 712%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-24.2M(-27.6%)

IMPORT GROWTH (July 2023 - July 2024)$1.03B(1.63k%)

MAIN DESTINATION (July 2024)Thailand$63.6M

This section shows Planes, Helicopters, and/or Spacecraft'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 Planes, Helicopters, and/or Spacecraft over time.

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