2022
Exports | Imports
$591M | $137MWorld Rnk 5 / 93
Flag Rnk 145 / 1204
World Rnk 20 / 169
Flag Rnk 443 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.71Rnk 4 / 124
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines
1.91Rnk 7 / 1025

About

Exports In 2022, South Korea exported $591M in Metalworking Transfer Machines, making it the 5th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 145th most exported product in South Korea. The main destination of Metalworking Transfer Machines exports from South Korea are: United States ($164M), Italy ($80.4M), China ($60.5M), India ($56.6M), and Germany ($46.2M).

The fastest growing export markets for Metalworking Transfer Machines of South Korea between 2021 and 2022 were United States ($49M), India ($23M), and Germany ($14.2M).

Imports In 2022, South Korea imported $137M in Metalworking Transfer Machines, becoming the 20th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 443rd most imported product in South Korea. South Korea imports Metalworking Transfer Machines primarily from: Japan ($90.4M), Chinese Taipei ($12.9M), Germany ($10.9M), China ($10.4M), and United States ($6.09M).

The fastest growing import markets in Metalworking Transfer Machines for South Korea between 2021 and 2022 were Japan ($19.4M), India ($690k), and Indonesia ($285k).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (178) were at the forefront of shipping Metalworking Transfer Machines from South Korea to the United States.

Latest Trends

January 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$-8.46M(-18.1%)
IMPORT GROWTH (January 2023 - January 2024)$13.7M(228%)
MAIN DESTINATION (January 2024)United States$11.3M

This section shows Metalworking Transfer Machines'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 Metalworking Transfer Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$591M
IMPORTS (2022)$137M
NET TRADE (2022)$454M

In 2022, South Korea exported $591M in Metalworking Transfer Machines. The main destinations of South Korea exports on Metalworking Transfer Machines were United States ($164M), Italy ($80.4M), China ($60.5M), India ($56.6M), and Germany ($46.2M).

In 2022, South Korea imported $137M in Metalworking Transfer Machines, mainly from Japan ($90.4M), Chinese Taipei ($12.9M), Germany ($10.9M), China ($10.4M), and United States ($6.09M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$49M (42.8%)
India$23M (68.5%)
Germany$14.2M (44.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY South Korea WERE (2021 - 2022):
China-$38.3M (-38.8%)
Russia-$7.67M (-60.4%)
Estonia-$6.06M (-87.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Metalworking Transfer Machines were:
In 2022, South Korea's main importing competitors in Metalworking Transfer Machines were:

Explore Visualizations

Trade Value of Metalworking Transfer Machines by Exporters

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