Exports In 2022, South Korea exported $78B in Machinery, mechanical appliances, & parts, making it the 8th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 2nd most exported product in South Korea. The main destination of Machinery, mechanical appliances, & parts exports from South Korea are: United States ($21.7B), China ($13.4B), Japan ($3.31B), Vietnam ($3.05B), and Mexico ($3.01B).
The fastest growing export markets for Machinery, mechanical appliances, & parts of South Korea between 2021 and 2022 were Singapore ($668M), United States ($452M), and Chinese Taipei ($427M).
Imports In 2022, South Korea imported $63.7B in Machinery, mechanical appliances, & parts, becoming the 11th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 3rd most imported product in South Korea. South Korea imports Machinery, mechanical appliances, & parts primarily from: China ($18.6B), Japan ($9.88B), United States ($9.47B), Netherlands ($6.01B), and Germany ($3.49B).
The fastest growing import markets in Machinery, mechanical appliances, & parts for South Korea between 2021 and 2022 were Netherlands ($4.91B), United States ($4.22B), and Japan ($3.12B).
COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (1.61M), SAMSUNG ELECTRONICS AMERICA (1.03M), and SCHAEFFLER GROUP USA INC. (10.8k) were at the forefront of shipping Machinery, mechanical appliances, & parts from South Korea to the United States.