Special Purpose Ships in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $7.36B in Special Purpose Ships, making it the 1st largest exporter of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 15th most exported product in South Korea. The main destination of Special Purpose Ships exports from South Korea are: Mozambique ($4.45B), India ($1.96B), Panama ($346M), Turkey ($197M), and United States ($196M).

The fastest growing export markets for Special Purpose Ships of South Korea between 2021 and 2022 were India ($1.96B), Mozambique ($1.95B), and Panama ($346M).

Imports In 2022, South Korea imported $20.5M in Special Purpose Ships, becoming the 51st largest importer of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 827th most imported product in South Korea. South Korea imports Special Purpose Ships primarily from: Japan ($12.9M), Iraq ($6.29M), China ($803k), Hong Kong ($366k), and United States ($152k).

The fastest growing import markets in Special Purpose Ships for South Korea between 2021 and 2022 were Japan ($7.24M), Iraq ($6.29M), and China ($802k).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (1.27k) were at the forefront of shipping Special Purpose Ships from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Special Purpose Ships exports accounted up to $191M and imports accounted up to $602k, resulting in a positive trade balance of $190M. Between October 2022 and February 2024 the exports of South Korea's Special Purpose Ships have increased by $191M (733k%) from $26k to $191M, while imports decreased by $-1.11M (-64.7%) from $1.71M to $602k.

Destinations In February 2024, Special Purpose Ships were exported mostly to Malta ($191M), United Arab Emirates ($25k), Japan ($0), and United States ($0), and were imported mostly from Japan ($602k), United Arab Emirates ($0), Malta ($0), and United States ($0).

Growth In February 2024, the increase in Special Purpose Ships's year-by-year exports was explained primarily by an increase in exports to . In February 2024, the decrease in Special Purpose Ships's year-by-year imports was explained primarily by a decrease in imports from Japan ($-528k or -76.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2022 - February 2024)$191M(733k%)

IMPORT GROWTH (October 2022 - February 2024)$-1.11M(-64.7%)

MAIN DESTINATION (February 2024)Malta$191M

This section shows Special Purpose Ships'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 Special Purpose Ships over time.

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