Electrical machinery and equipment in South Korea

2019
Exports | Imports
: $160B | $83.6B, World Rnk 4 / 225
Flag Rnk 1 / 96 | World Rnk 7 / 225
Flag Rnk 2 / 96

2019
Destination | Origin
: $52.2B | $38.1B, China | China

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $3.87B | $2.28B, Vietnam |  China

2019
ECONOMIC COMPLEXITY of South Korea
: 1.98, Rnk 5 / 157

2019
PRODUCT COMPLEXITY  IN Electrical machinery and equipment
: 1.29, Rnk 10 / 96

Exports: In 2019, South Korea exported $160B in Electrical machinery and equipment, making it the 4th largest exporter of Electrical machinery and equipment in the world. At the same year, Electrical machinery and equipment was the 1st most exported product in South Korea. The main destination of Electrical machinery and equipment exports from South Korea are: China ($52.2B), Vietnam ($24.8B), Hong Kong ($23B), United States ($12.9B), and Chinese Taipei ($5.89B).

The fastest growing export markets for Electrical machinery and equipment of South Korea between 2018 and 2019 were Vietnam ($3.87B), Mexico ($1.01B), and Poland ($359M).

Imports: In 2019, South Korea imported $83.6B in Electrical machinery and equipment, becoming the 7th largest importer of Electrical machinery and equipment in the world. At the same year, Electrical machinery and equipment was the 2nd most imported product in South Korea. South Korea imports Electrical machinery and equipment primarily from: China ($38.1B), Chinese Taipei ($9.23B), Vietnam ($9.05B), Japan ($6.64B), and United States ($5.8B).

The fastest growing import markets in Electrical machinery and equipment for South Korea between 2018 and 2019 were China ($2.28B), Vietnam ($1.5B), and Netherlands ($232M).

Tariffs: In 2018, the average tariff for South Korea in Electrical machinery and equipment was 4.19%. The countries with the highest import tariffs for Electrical machinery and equipment were Botswana (6.7%), Cote d'Ivoire (6.7%), Cameroon (6.7%), Republic of the Congo (6.7%), and Cape Verde (6.7%).

Value

EXPORTS (2019): $160B

IMPORTS (2019): $83.6B

NET TRADE (2019): $76.8B

In 2019, South Korea exported $160B in Electrical machinery and equipment. The main destinations of South Korea exports on Electrical machinery and equipment were China ($52.2B), Vietnam ($24.8B), Hong Kong ($23B), United States ($12.9B), and Chinese Taipei ($5.89B).

In 2019, South Korea imported $83.6B in Electrical machinery and equipment, mainly from China ($38.1B), Chinese Taipei ($9.23B), Vietnam ($9.05B), Japan ($6.64B), and United States ($5.8B).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Electrical machinery and equipment WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Electrical machinery and equipment WITH:

Flow

THE FASTEST GROWING Electrical machinery and equipment EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and equipment BY South Korea WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, South Korea's main exporting competitors in Electrical machinery and equipment were:

In 2018, South Korea's main importing competitors in Electrical machinery and equipment were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Electrical machinery and equipment was 4.19%.

The countries with the highest tariffs for Electrical machinery and equipment in South Korea were Botswana (6.7%), Cote d'Ivoire (6.7%), Cameroon (6.7%), Republic of the Congo (6.7%), and Cape Verde (6.7%).

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