Broadcasting Equipment in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $24.2B in Broadcasting Equipment, making it the 4th largest exporter of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 4th most exported product in South Korea. The main destination of Broadcasting Equipment exports from South Korea are: Vietnam ($11.3B), China ($6.13B), United States ($1.05B), Germany ($585M), and United Kingdom ($563M).

The fastest growing export markets for Broadcasting Equipment of South Korea between 2021 and 2022 were Vietnam ($11.1B), China ($6B), and Mexico ($374M).

Imports In 2022, South Korea imported $10.3B in Broadcasting Equipment, becoming the 15th largest importer of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 8th most imported product in South Korea. South Korea imports Broadcasting Equipment primarily from: China ($5.92B), Vietnam ($2.91B), Chinese Taipei ($241M), Singapore ($238M), and United States ($215M).

The fastest growing import markets in Broadcasting Equipment for South Korea between 2021 and 2022 were China ($1.42B), Vietnam ($794M), and Singapore ($208M).

COMPANIES In 2023, leading companies such as VOLVO CONSTRUCTION EQUIPMENT NORTH (2.7k), SAMSUNG ELECTRONICS AMERICA (196), and LG ELECTRONICS U.S.A. INC. (178) were at the forefront of shipping Broadcasting Equipment from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Broadcasting Equipment exports accounted up to $59.8M and imports accounted up to $63M, resulting in a negative trade balance of $3.28M. Between February 2023 and February 2024 the exports of South Korea's Broadcasting Equipment have decreased by $-10.4M (-14.9%) from $70.2M to $59.8M, while imports decreased by $-811k (-1.27%) from $63.8M to $63M.

Destinations In February 2024, Broadcasting Equipment were exported mostly to United States ($16.7M), Japan ($9.39M), Germany ($3.68M), Hong Kong ($3.36M), and Australia ($3.15M), and were imported mostly from Vietnam ($24.8M), China ($14.3M), Japan ($6.48M), Thailand ($5.22M), and United States ($3.95M).

Growth In February 2024, the decrease in Broadcasting Equipment's year-by-year exports was explained primarily by a decrease in exports to China ($-428M or -99.6%), United States ($-10M or -29%), and Russia ($-1.58M or -96.7%). In February 2024, the decrease in Broadcasting Equipment's year-by-year imports was explained primarily by a decrease in imports from China ($-20.1M or -47.4%), Germany ($-4.7M or -75.4%), and Chinese Taipei ($-740k or -64.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-10.4M(-14.9%)

IMPORT GROWTH (February 2023 - February 2024)$-811k(-1.27%)

MAIN DESTINATION (February 2024)United States$16.7M

This section shows Broadcasting Equipment'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 Broadcasting Equipment over time.

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