Metal Lathes in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $919M in Metal Lathes, making it the 2nd largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 109th most exported product in South Korea. The main destination of Metal Lathes exports from South Korea are: United States ($238M), Germany ($138M), Italy ($96.4M), Turkey ($73.3M), and China ($53M).

The fastest growing export markets for Metal Lathes of South Korea between 2021 and 2022 were United States ($64.5M), Germany ($38.7M), and United Kingdom ($8.91M).

Imports In 2022, South Korea imported $93.7M in Metal Lathes, becoming the 22nd largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 527th most imported product in South Korea. South Korea imports Metal Lathes primarily from: Japan ($51.9M), Thailand ($16.2M), China ($8.71M), Chinese Taipei ($5.04M), and United States ($3.8M).

The fastest growing import markets in Metal Lathes for South Korea between 2021 and 2022 were Chinese Taipei ($2.2M), Netherlands ($1.36M), and Thailand ($272k).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (180) were at the forefront of shipping Metal Lathes from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Metal Lathes exports accounted up to $75.2M and imports accounted up to $6.2M, resulting in a positive trade balance of $69M. Between February 2023 and February 2024 the exports of South Korea's Metal Lathes have decreased by $-2.5M (-3.22%) from $77.7M to $75.2M, while imports decreased by $-3.18M (-33.9%) from $9.38M to $6.2M.

Destinations In February 2024, Metal Lathes were exported mostly to United States ($21.8M), Germany ($10.4M), Italy ($10.1M), Turkey ($5.68M), and India ($5.36M), and were imported mostly from Japan ($2.95M), Thailand ($1.6M), Germany ($816k), Netherlands ($514k), and Switzerland ($110k).

Growth In February 2024, the decrease in Metal Lathes's year-by-year exports was explained primarily by a decrease in exports to Slovenia ($-3.96M or -87.3%), China ($-2.86M or -64.5%), and Japan ($-1.94M or -92%). In February 2024, the decrease in Metal Lathes's year-by-year imports was explained primarily by a decrease in imports from Japan ($-3.27M or -52%), Chinese Taipei ($-774k or -83.2%), and Thailand ($-288k or -33.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.5M(-3.22%)

IMPORT GROWTH (February 2023 - February 2024)$-3.18M(-33.9%)

MAIN DESTINATION (February 2024)United States$21.8M

This section shows Metal Lathes'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 Metal Lathes over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$919M

IMPORTS (2022)$93.7M

NET TRADE (2022)$826M

In 2022, South Korea exported $919M in Metal Lathes. The main destinations of South Korea exports on Metal Lathes were United States ($238M), Germany ($138M), Italy ($96.4M), Turkey ($73.3M), and China ($53M).

In 2022, South Korea imported $93.7M in Metal Lathes, mainly from Japan ($51.9M), Thailand ($16.2M), China ($8.71M), Chinese Taipei ($5.04M), and United States ($3.8M).

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