2022
Exports | Imports
$217B | $116BWorld Rnk 3 / 226
Flag Rnk 1 / 96
World Rnk 6 / 226
Flag Rnk 2 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.71Rnk 4 / 124
2022
PRODUCT COMPLEXITY IN Electrical machinery and electronics
2.02Rnk 3 / 1025

About

Exports In 2022, South Korea exported $217B in Electrical machinery and electronics, making it the 3rd largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 1st most exported product in South Korea. The main destination of Electrical machinery and electronics exports from South Korea are: China ($71.6B), Vietnam ($36.2B), Hong Kong ($21B), United States ($20.5B), and Chinese Taipei ($15.8B).

The fastest growing export markets for Electrical machinery and electronics of South Korea between 2021 and 2022 were China ($4.54B), Vietnam ($2.71B), and Singapore ($2.52B).

Imports In 2022, South Korea imported $116B in Electrical machinery and electronics, becoming the 6th largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 2nd most imported product in South Korea. South Korea imports Electrical machinery and electronics primarily from: China ($52.4B), Chinese Taipei ($18.5B), Vietnam ($10.4B), Japan ($9.1B), and United States ($5.09B).

The fastest growing import markets in Electrical machinery and electronics for South Korea between 2021 and 2022 were China ($5.82B), Chinese Taipei ($3.63B), and Japan ($1.07B).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (151k), SAMSUNG ELECTRONICS AMERICA (14.3k), and VOLVO CONSTRUCTION EQUIPMENT NORTH (2.54k) were at the forefront of shipping Electrical machinery and electronics from South Korea to the United States.

Latest Trends

January 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$2.98B(24.6%)
IMPORT GROWTH (January 2023 - January 2024)$-420M(-3.97%)
MAIN DESTINATION (January 2024)China$4.94B

This section shows Electrical machinery and electronics'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 Electrical machinery and electronics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$217B
IMPORTS (2022)$116B
NET TRADE (2022)$101B

In 2022, South Korea exported $217B in Electrical machinery and electronics. The main destinations of South Korea exports on Electrical machinery and electronics were China ($71.6B), Vietnam ($36.2B), Hong Kong ($21B), United States ($20.5B), and Chinese Taipei ($15.8B).

In 2022, South Korea imported $116B in Electrical machinery and electronics, mainly from China ($52.4B), Chinese Taipei ($18.5B), Vietnam ($10.4B), Japan ($9.1B), and United States ($5.09B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$4.54B (6.76%)
Vietnam$2.71B (8.1%)
Singapore$2.52B (40%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY South Korea WERE (2021 - 2022):
Hong Kong-$6.87B (-24.6%)
Russia-$353M (-50.7%)
Poland-$344M (-16.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Electrical machinery and electronics were:
In 2022, South Korea's main importing competitors in Electrical machinery and electronics were:

Explore Visualizations

Trade Value of Electrical machinery and electronics by Exporters

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