Ships, boats and floating structures in South Korea

2019
Exports | Imports
: $19.3B | $1.2B, World Rnk 2 / 198
Flag Rnk 9 / 96 | World Rnk 33 / 221
Flag Rnk 45 / 96

2019
Destination | Origin
: $3.44B | $517M, Marshall Islands | China

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $1.4B | $90M, Marshall Islands |  China

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

2019
PRODUCT COMPLEXITY  IN Ships, boats and floating structures
: -0.78, Rnk 74 / 96

Exports: In 2019, South Korea exported $19.3B in Ships, boats and floating structures, making it the 2nd largest exporter of Ships, boats and floating structures in the world. At the same year, Ships, boats and floating structures was the 9th most exported product in South Korea. The main destination of Ships, boats and floating structures exports from South Korea are: Marshall Islands ($3.44B), Bahamas ($2.78B), Singapore ($2.73B), Liberia ($1.7B), and Panama ($1.46B).

The fastest growing export markets for Ships, boats and floating structures of South Korea between 2018 and 2019 were Marshall Islands ($1.4B), Bahamas ($1.04B), and Singapore ($1.02B).

Imports: In 2019, South Korea imported $1.2B in Ships, boats and floating structures, becoming the 33rd largest importer of Ships, boats and floating structures in the world. At the same year, Ships, boats and floating structures was the 45th most imported product in South Korea. South Korea imports Ships, boats and floating structures primarily from: China ($517M), Marshall Islands ($138M), Costa Rica ($103M), Oman ($58.7M), and Japan ($57.7M).

The fastest growing import markets in Ships, boats and floating structures for South Korea between 2018 and 2019 were China ($90M), Oman ($46.9M), and Qatar ($41.6M).

Tariffs: In 2018, the average tariff for South Korea in Ships, boats and floating structures was 2.23%. The countries with the highest import tariffs for Ships, boats and floating structures were Botswana (3.57%), Cote d'Ivoire (3.57%), Cameroon (3.57%), Republic of the Congo (3.57%), and Cape Verde (3.57%).

Overview: In February 2021 South Korea's Ships, boats and floating structures exports accounted up to N/A1.42B and imports accounted up to N/A209M, resulting in a positive trade balance of N/A1.22B. Between February 2020 and February 2021 the exports of South Korea's   Ships, boats and floating structures have increased by N/A76M (5.63%) from N/A1.35B to N/A1.42B, while imports increased by N/A21.1M (11.2%) from N/A188M to N/A209M.

Destinations: In February 2021 Ships, boats and floating structures exported mostly to Malta ($319M), Marshall Islands ($283M), Bahamas ($222M), Cyprus ($179M), and Liberia ($108M), and imported mostly from China ($169M), Japan ($27.4M), Singapore ($8.65M), Mexico ($1.01M), and France ($893k).

Growth: In February 2021, the increase in Ships, boats and floating structures's year-by-year exports was explained primarily by an increase in exports to Malta ($270M or 546%), Marshall Islands ($89.8M or 46.5%), and China ($5.74M or 285%). In February 2021, the increase in Ships, boats and floating structures's year-by-year imports was explained primarily by an increase in imports from China ($134M or 377%), Japan ($8.63M or 46.1%), and Singapore ($5.55M or 179%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (February 2020 - February 2021): N/A76M, (5.63%)

IMPORT GROWTH (February 2020 - February 2021): N/A21.1M, (11.2%)

MAIN DESTINATION (February 2021): Malta, $319M

This section shows Ships, boats and floating structures'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 Ships, boats and floating structures over time.

Value

EXPORTS (2019): $19.3B

IMPORTS (2019): $1.2B

NET TRADE (2019): $18.1B

In 2019, South Korea exported $19.3B in Ships, boats and floating structures. The main destinations of South Korea exports on Ships, boats and floating structures were Marshall Islands ($3.44B), Bahamas ($2.78B), Singapore ($2.73B), Liberia ($1.7B), and Panama ($1.46B).

In 2019, South Korea imported $1.2B in Ships, boats and floating structures, mainly from China ($517M), Marshall Islands ($138M), Costa Rica ($103M), Oman ($58.7M), and Japan ($57.7M).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Ships, boats and floating structures WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Ships, boats and floating structures WITH:

Flow

THE FASTEST GROWING Ships, boats and floating structures EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ships, boats and floating structures 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 Ships, boats and floating structures were:

In 2018, South Korea's main importing competitors in Ships, boats and floating structures were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Ships, boats and floating structures was 2.23%.

The countries with the highest tariffs for Ships, boats and floating structures in South Korea were Botswana (3.57%), Cote d'Ivoire (3.57%), Cameroon (3.57%), Republic of the Congo (3.57%), and Cape Verde (3.57%).

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