2022
Exports | Imports
$105M | $20.5MWorld Rnk 3 / 104
Flag Rnk 587 / 4439
World Rnk 16 / 193
Flag Rnk 1843 / 4519
2022
ECONOMIC COMPLEXITY of South Korea
1.71Rnk 4 / 124

About

Exports In 2022, South Korea exported $105M in Distilling or rectifying plant, making it the 3rd largest exporter of Distilling or rectifying plant in the world. At the same year, Distilling or rectifying plant was the 587th most exported product in South Korea. The main destination of Distilling or rectifying plant exports from South Korea are: Saudi Arabia ($26.8M), United States ($17.2M), Russia ($15M), China ($12.2M), and Mexico ($10.8M).

The fastest growing export markets for Distilling or rectifying plant of South Korea between 2021 and 2022 were Saudi Arabia ($26.8M), United States ($8.69M), and Egypt ($6.9M).

Imports In 2022, South Korea imported $20.5M in Distilling or rectifying plant, becoming the 16th largest importer of Distilling or rectifying plant in the world. At the same year, Distilling or rectifying plant was the 1843rd most imported product in South Korea. South Korea imports Distilling or rectifying plant primarily from: China ($5.55M), Germany ($2.95M), Denmark ($2.55M), Switzerland ($2.19M), and India ($2.05M).

The fastest growing import markets in Distilling or rectifying plant for South Korea between 2021 and 2022 were Denmark ($2.55M), India ($1.63M), and France ($292k).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (7.69M), SAMSUNG ELECTRONICS AMERICA (2.05M), and CNH INDUSTRIAL AMERICA LLC (34.4k) were at the forefront of shipping Distilling or rectifying plant from South Korea to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Distilling or rectifying plant. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$105M
IMPORTS (2022)$20.5M
NET TRADE (2022)$84.4M

In 2022, South Korea exported $105M in Distilling or rectifying plant. The main destinations of South Korea exports on Distilling or rectifying plant were Saudi Arabia ($26.8M), United States ($17.2M), Russia ($15M), China ($12.2M), and Mexico ($10.8M).

In 2022, South Korea imported $20.5M in Distilling or rectifying plant, mainly from China ($5.55M), Germany ($2.95M), Denmark ($2.55M), Switzerland ($2.19M), and India ($2.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Distilling or rectifying plant EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Saudi Arabia$26.8M (1%)
United States$8.69M (102%)
Egypt$6.9M (40.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Distilling or rectifying plant BY South Korea WERE (2021 - 2022):
Russia-$49M (-76.6%)
Mexico-$16.2M (-60%)
Indonesia-$2.39M (-98.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Distilling or rectifying plant were:
In 2022, South Korea's main importing competitors in Distilling or rectifying plant were:

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Trade Value of Distilling or rectifying plant by Exporters

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