Non-Mechanical Removal Machinery in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $270M in Non-Mechanical Removal Machinery, making it the 7th largest exporter of Non-Mechanical Removal Machinery in the world. At the same year, Non-Mechanical Removal Machinery was the 235th most exported product in South Korea. The main destination of Non-Mechanical Removal Machinery exports from South Korea are: Vietnam ($111M), China ($42.4M), United States ($40.1M), Chinese Taipei ($22.3M), and Malaysia ($15.1M).

The fastest growing export markets for Non-Mechanical Removal Machinery of South Korea between 2021 and 2022 were Vietnam ($65.2M), United States ($8.15M), and Malaysia ($7.3M).

Imports In 2022, South Korea imported $363M in Non-Mechanical Removal Machinery, becoming the 4th largest importer of Non-Mechanical Removal Machinery in the world. At the same year, Non-Mechanical Removal Machinery was the 240th most imported product in South Korea. South Korea imports Non-Mechanical Removal Machinery primarily from: China ($151M), Japan ($128M), Germany ($31.4M), Switzerland ($18.4M), and Thailand ($10.7M).

The fastest growing import markets in Non-Mechanical Removal Machinery for South Korea between 2021 and 2022 were China ($22.8M), Germany ($3.26M), and Thailand ($2.58M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Non-Mechanical Removal Machinery from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Non-Mechanical Removal Machinery exports accounted up to $18.1M and imports accounted up to $21.6M, resulting in a negative trade balance of $3.51M. Between February 2023 and February 2024 the exports of South Korea's Non-Mechanical Removal Machinery have decreased by $-2.03M (-10.1%) from $20.1M to $18.1M, while imports decreased by $-654k (-2.94%) from $22.3M to $21.6M.

Destinations In February 2024, Non-Mechanical Removal Machinery were exported mostly to United States ($7.03M), Vietnam ($6.41M), China ($2.26M), Thailand ($378k), and Malaysia ($372k), and were imported mostly from Japan ($6.51M), China ($6.13M), Germany ($4.6M), Singapore ($2.21M), and Thailand ($663k).

Growth In February 2024, the decrease in Non-Mechanical Removal Machinery's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-2.09M or -65%), Germany ($-398k or -43.6%), and Netherlands ($-249k or -100%). In February 2024, the decrease in Non-Mechanical Removal Machinery's year-by-year imports was explained primarily by a decrease in imports from Japan ($-8.27M or -72.5%), China ($-3.73M or -32.5%), and United States ($-479k or -62%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.03M(-10.1%)

IMPORT GROWTH (February 2023 - February 2024)$-654k(-2.94%)

MAIN DESTINATION (February 2024)United States$7.03M

This section shows Non-Mechanical Removal Machinery'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 Non-Mechanical Removal Machinery over time.

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