Metalworking Transfer Machines in South Korea

2019
Exports | Imports
: $548M | $166M, World Rnk 5 / 95
Flag Rnk 140 / 1200 | World Rnk 19 / 172
Flag Rnk 359 / 1209

2019
Destination | Origin
: $155M | $82.6M, United States | Japan

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $26.9M | $1.21M, United States |  Singapore

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

2019
PRODUCT COMPLEXITY  IN Metalworking Transfer Machines
: 2.25, Rnk 2 / 1029

Exports: In 2019, South Korea exported $548M 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 140th most exported product in South Korea. The main destination of Metalworking Transfer Machines exports from South Korea are: United States ($155M), China ($76.6M), Italy ($57.6M), Vietnam ($52.6M), and Germany ($48M).

The fastest growing export markets for Metalworking Transfer Machines of South Korea between 2018 and 2019 were United States ($26.9M), Morocco ($3.86M), and Poland ($2.98M).

Imports: In 2019, South Korea imported $166M in Metalworking Transfer Machines, becoming the 19th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 359th most imported product in South Korea. South Korea imports Metalworking Transfer Machines primarily from: Japan ($82.6M), Germany ($36.6M), Chinese Taipei ($27.4M), United States ($6.88M), and China ($5.87M).

The fastest growing import markets in Metalworking Transfer Machines for South Korea between 2018 and 2019 were Singapore ($1.21M), United Arab Emirates ($405k), and Indonesia ($222k).

Tariffs: In 2018, the average tariff for South Korea in Metalworking Transfer Machines was 5.01%. The countries with the highest import tariffs for Metalworking Transfer Machines were Botswana (8%), Cote d'Ivoire (8%), Cameroon (8%), Republic of the Congo (8%), and Cape Verde (8%).

Value

EXPORTS (2019): $548M

IMPORTS (2019): $166M

NET TRADE (2019): $382M

In 2019, South Korea exported $548M in Metalworking Transfer Machines. The main destinations of South Korea exports on Metalworking Transfer Machines were United States ($155M), China ($76.6M), Italy ($57.6M), Vietnam ($52.6M), and Germany ($48M).

In 2019, South Korea imported $166M in Metalworking Transfer Machines, mainly from Japan ($82.6M), Germany ($36.6M), Chinese Taipei ($27.4M), United States ($6.88M), and China ($5.87M).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Metalworking Transfer Machines WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Metalworking Transfer Machines WITH:

Flow

THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY South Korea WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, South Korea's main exporting competitors in Metalworking Transfer Machines were:

In 2018, South Korea's main importing competitors in Metalworking Transfer Machines were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Metalworking Transfer Machines was 5.01%.

The countries with the highest tariffs for Metalworking Transfer Machines in South Korea were Botswana (8%), Cote d'Ivoire (8%), Cameroon (8%), Republic of the Congo (8%), and Cape Verde (8%).

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