Electric Generating Sets in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $379M in Electric Generating Sets, making it the 16th largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 188th most exported product in South Korea. The main destination of Electric Generating Sets exports from South Korea are: China ($105M), Canada ($77.2M), India ($42.1M), United Kingdom ($31.2M), and New Zealand ($20.3M).

The fastest growing export markets for Electric Generating Sets of South Korea between 2021 and 2022 were India ($42M), Canada ($37.9M), and China ($21.7M).

Imports In 2022, South Korea imported $279M in Electric Generating Sets, becoming the 29th largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 289th most imported product in South Korea. South Korea imports Electric Generating Sets primarily from: United States ($64.2M), Japan ($43.4M), Germany ($36.2M), China ($31.5M), and Sweden ($25.2M).

The fastest growing import markets in Electric Generating Sets for South Korea between 2021 and 2022 were United States ($31.2M), Sweden ($25M), and Japan ($23.8M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS USA (2) were at the forefront of shipping Electric Generating Sets from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Electric Generating Sets exports accounted up to $48.1M and imports accounted up to $45.8M, resulting in a positive trade balance of $2.29M. Between March 2023 and March 2024 the exports of South Korea's Electric Generating Sets have increased by $26.6M (124%) from $21.4M to $48.1M, while imports increased by $30.6M (202%) from $15.2M to $45.8M.

Destinations In March 2024, Electric Generating Sets were exported mostly to China ($35.8M), Turkey ($4.2M), Japan ($3.98M), Honduras ($1.2M), and Guam ($1M), and were imported mostly from Germany ($33.6M), Singapore ($5.54M), Japan ($2.15M), China ($1.64M), and United States ($1.38M).

Growth In March 2024, the increase in Electric Generating Sets's year-by-year exports was explained primarily by an increase in exports to China ($9.48M or 2.03k%) and India ($6.08M or 71.3%). In March 2024, the increase in Electric Generating Sets's year-by-year imports was explained primarily by an increase in imports from United States ($4.86M or 155%), Japan ($4.39M or 317%), and Singapore ($840k or 1.25k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$26.6M(124%)

IMPORT GROWTH (March 2023 - March 2024)$30.6M(202%)

MAIN DESTINATION (March 2024)China$35.8M

This section shows Electric Generating Sets'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 Electric Generating Sets over time.

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