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2022
Exports $152MWorld Rnk 9 / 189
Flag Rnk 321 / 1204
2022
Destination $2.55M Netherlands
2021 - 2022
FASTEST GROWING MARKET $2.55MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Railway Cargo Containers-0.92Rnk 817 / 1025
2022
Imports $205MWorld Rnk 9 / 215
Flag Rnk 350 / 1213
2022
Origin $7.9M China
2021 - 2022
FASTEST GROWING ORIGIN $7.9MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $152M in Railway Cargo Containers, making it the 9th largest exporter of Railway Cargo Containers in the world. At the same year, Railway Cargo Containers was the 321st most exported product in South Korea. The main destination of Railway Cargo Containers exports from South Korea are: Netherlands ($28.9M), China ($28.8M), United States ($22M), Chinese Taipei ($14.9M), and Japan ($14.5M).

The fastest growing export markets for Railway Cargo Containers of South Korea between 2021 and 2022 were United Kingdom ($2.55M), Singapore ($2.3M), and Qatar ($1.7M).

Imports In 2022, South Korea imported $205M in Railway Cargo Containers, becoming the 9th largest importer of Railway Cargo Containers in the world. At the same year, Railway Cargo Containers was the 350th most imported product in South Korea. South Korea imports Railway Cargo Containers primarily from: China ($90.2M), United States ($54.7M), Netherlands ($18.3M), Chinese Taipei ($9.83M), and United Kingdom ($9.19M).

The fastest growing import markets in Railway Cargo Containers for South Korea between 2021 and 2022 were United States ($7.9M), Singapore ($5.54M), and United Kingdom ($3.71M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Railway Cargo Containers exports accounted up to $13.9M and imports accounted up to $19.6M, resulting in a negative trade balance of $5.68M. Between July 2023 and July 2024 the exports of South Korea's   Railway Cargo Containers have increased by $657k (4.96%) from $13.2M to $13.9M, while imports increased by $3.27M (20.1%) from $16.3M to $19.6M.

Destinations In July 2024, Railway Cargo Containers were exported mostly to Japan ($3.41M), United States ($2.53M), China ($2.26M), Netherlands ($1.25M), and Chinese Taipei ($1.06M), and were imported mostly from China ($10.1M), United States ($5.2M), Chinese Taipei ($786k), United Kingdom ($760k), and Japan ($707k).

Growth In July 2024, the increase in Railway Cargo Containers's year-by-year exports was explained primarily by an increase in exports to United States ($561k or 32%), Australia ($103k or 1.03k%), and Thailand ($85k or 29.5%). In July 2024, the increase in Railway Cargo Containers's year-by-year imports was explained primarily by an increase in imports from Singapore ($1.75M or 1.11k%), Netherlands ($354k or 17.9%), and Thailand ($270k or 197%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$657k(4.96%)
IMPORT GROWTH (July 2023 - July 2024)$3.27M(20.1%)
MAIN DESTINATION (July 2024)Japan$3.41M

This section shows Railway Cargo Containers'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 Railway Cargo Containers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$152M
IMPORTS (2022)$205M
NET TRADE (2022)-$53M

In 2022, South Korea exported $152M in Railway Cargo Containers. The main destinations of South Korea exports on Railway Cargo Containers were Netherlands ($28.9M), China ($28.8M), United States ($22M), Chinese Taipei ($14.9M), and Japan ($14.5M).

In 2022, South Korea imported $205M in Railway Cargo Containers, mainly from China ($90.2M), United States ($54.7M), Netherlands ($18.3M), Chinese Taipei ($9.83M), and United Kingdom ($9.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Railway Cargo Containers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United Kingdom$2.55M (64.4%)
Singapore$2.3M (59.3%)
Qatar$1.7M (14.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway Cargo Containers BY South Korea WERE (2021 - 2022):
China-$29.9M (-51%)
Netherlands-$6.26M (-17.8%)
Chinese Taipei-$5.9M (-28.3%)
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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 Railway Cargo Containers were:
China $5.8B
United States $413M
Poland $287M
In 2022, South Korea's main importing competitors in Railway Cargo Containers were:
United States $2.3B
Russia $606M
Netherlands $544M

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Trade Value of Railway Cargo Containers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.67M
TOP IMPORT POTENTIALChina+ $25.6M

Railway Cargo Containers’s highest export potential is United States. With an export gap of $7.67M.   Railway Cargo Containers’s highest import potential is China with an import gap of $25.6M.

See methodology.

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