Electric Heaters in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $771M in Electric Heaters, making it the 16th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 125th most exported product in South Korea. The main destination of Electric Heaters exports from South Korea are: United States ($279M), China ($105M), Japan ($78.8M), Vietnam ($54.8M), and Canada ($51.5M).

The fastest growing export markets for Electric Heaters of South Korea between 2021 and 2022 were United States ($26.4M), Vietnam ($13.1M), and Australia ($5.44M).

Imports In 2022, South Korea imported $1.41B in Electric Heaters, becoming the 12th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 75th most imported product in South Korea. South Korea imports Electric Heaters primarily from: China ($851M), Malaysia ($142M), Vietnam ($83.9M), Japan ($77.1M), and Philippines ($52.6M).

The fastest growing import markets in Electric Heaters for South Korea between 2021 and 2022 were Philippines ($34.6M), Vietnam ($16.6M), and Ukraine ($8.21M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS USA (143), ELECTROLUX HOME PRODUCTS INC (11), and SAMSUNG ELECTORNICS AMERICA, INC. (4) were at the forefront of shipping Electric Heaters from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Electric Heaters exports accounted up to $63.2M and imports accounted up to $111M, resulting in a negative trade balance of $48.3M. Between March 2023 and March 2024 the exports of South Korea's Electric Heaters have increased by $1.77M (2.89%) from $61.4M to $63.2M, while imports decreased by $-24.8M (-18.2%) from $136M to $111M.

Destinations In March 2024, Electric Heaters were exported mostly to United States ($23.9M), Japan ($7.17M), China ($7.02M), Canada ($5.51M), and Vietnam ($3.95M), and were imported mostly from China ($55.8M), Malaysia ($15.7M), Philippines ($13.4M), Vietnam ($7.66M), and Japan ($4.26M).

Growth In March 2024, the increase in Electric Heaters's year-by-year exports was explained primarily by an increase in exports to Italy ($972k or 596%), India ($315k or 73.4%), and Chile ($292k or 942%). In March 2024, the decrease in Electric Heaters's year-by-year imports was explained primarily by a decrease in imports from China ($-27.8M or -27.9%), Romania ($-2.23M or -77.8%), and Germany ($-2.14M or -58.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$1.77M(2.89%)

IMPORT GROWTH (March 2023 - March 2024)$-24.8M(-18.2%)

MAIN DESTINATION (March 2024)United States$23.9M

This section shows Electric Heaters'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 Heaters over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$771M

IMPORTS (2022)$1.41B

NET TRADE (2022)-$639M

In 2022, South Korea exported $771M in Electric Heaters. The main destinations of South Korea exports on Electric Heaters were United States ($279M), China ($105M), Japan ($78.8M), Vietnam ($54.8M), and Canada ($51.5M).

In 2022, South Korea imported $1.41B in Electric Heaters, mainly from China ($851M), Malaysia ($142M), Vietnam ($83.9M), Japan ($77.1M), and Philippines ($52.6M).

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