2022
Exports | Imports
$559M | $255MWorld Rnk 5 / 174
Flag Rnk 169 / 4439
World Rnk 14 / 215
Flag Rnk 336 / 4519
2022
ECONOMIC COMPLEXITY of South Korea
1.71Rnk 4 / 124

About

Exports In 2022, South Korea exported $559M in Heat exchange units, non-domestic, non-electric, making it the 5th largest exporter of Heat exchange units, non-domestic, non-electric in the world. At the same year, Heat exchange units, non-domestic, non-electric was the 169th most exported product in South Korea. The main destination of Heat exchange units, non-domestic, non-electric exports from South Korea are: United States ($122M), China ($68.6M), Russia ($39.8M), Japan ($36M), and Mexico ($31.6M).

The fastest growing export markets for Heat exchange units, non-domestic, non-electric of South Korea between 2021 and 2022 were United States ($67.1M), Philippines ($22.9M), and Hong Kong ($15.4M).

Imports In 2022, South Korea imported $255M in Heat exchange units, non-domestic, non-electric, becoming the 14th largest importer of Heat exchange units, non-domestic, non-electric in the world. At the same year, Heat exchange units, non-domestic, non-electric was the 336th most imported product in South Korea. South Korea imports Heat exchange units, non-domestic, non-electric primarily from: China ($88.4M), France ($39.7M), United States ($34.4M), Germany ($16.9M), and Japan ($16.7M).

The fastest growing import markets in Heat exchange units, non-domestic, non-electric for South Korea between 2021 and 2022 were China ($29.3M), United States ($11.6M), and France ($9.31M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (7.69M), SAMSUNG ELECTRONICS AMERICA (2.05M), and CNH INDUSTRIAL AMERICA LLC (34.4k) were at the forefront of shipping Heat exchange units, non-domestic, non-electric from South Korea to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Heat exchange units, non-domestic, non-electric. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$559M
IMPORTS (2022)$255M
NET TRADE (2022)$304M

In 2022, South Korea exported $559M in Heat exchange units, non-domestic, non-electric. The main destinations of South Korea exports on Heat exchange units, non-domestic, non-electric were United States ($122M), China ($68.6M), Russia ($39.8M), Japan ($36M), and Mexico ($31.6M).

In 2022, South Korea imported $255M in Heat exchange units, non-domestic, non-electric, mainly from China ($88.4M), France ($39.7M), United States ($34.4M), Germany ($16.9M), and Japan ($16.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Heat exchange units, non-domestic, non-electric EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$67.1M (122%)
Philippines$22.9M (642%)
Hong Kong$15.4M (2.18k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Heat exchange units, non-domestic, non-electric BY South Korea WERE (2021 - 2022):
China-$55.9M (-44.9%)
Indonesia-$40M (-60.8%)
Thailand-$25.3M (-61.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Heat exchange units, non-domestic, non-electric were:
In 2022, South Korea's main importing competitors in Heat exchange units, non-domestic, non-electric were:

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Trade Value of Heat exchange units, non-domestic, non-electric by Exporters

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