Water in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $6.09M in Water, making it the 51st largest exporter of Water in the world. At the same year, Water was the 798th most exported product in South Korea. The main destination of Water exports from South Korea are: Vietnam ($840k), United States ($833k), Guam ($755k), Philippines ($618k), and Chinese Taipei ($373k).

The fastest growing export markets for Water of South Korea between 2021 and 2022 were Philippines ($279k), United States ($242k), and United Kingdom ($75.8k).

Imports In 2022, South Korea imported $66.7M in Water, becoming the 14th largest importer of Water in the world. At the same year, Water was the 607th most imported product in South Korea. South Korea imports Water primarily from: China ($50.6M), France ($6.19M), Italy ($3.58M), Thailand ($1.57M), and Fiji ($1.05M).

The fastest growing import markets in Water for South Korea between 2021 and 2022 were China ($15.5M), Italy ($828k), and Thailand ($274k).

COMPANIES In 2023, leading companies such as WALONG MARKETING INC. (24) and LG ELECTRONICS USA (1) were at the forefront of shipping Water from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Water exports accounted up to $725k and imports accounted up to $5.82M, resulting in a negative trade balance of $5.1M. Between March 2023 and March 2024 the exports of South Korea's Water have increased by $35k (5.07%) from $690k to $725k, while imports decreased by $-2.46M (-29.7%) from $8.29M to $5.82M.

Destinations In March 2024, Water were exported mostly to United States ($131k), Philippines ($98k), Guam ($91k), Russia ($69k), and Vietnam ($68k), and were imported mostly from China ($3.8M), France ($944k), Italy ($631k), Thailand ($283k), and Canada ($55k).

Growth In March 2024, the increase in Water's year-by-year exports was explained primarily by an increase in exports to Cambodia ($54k or 1.08k%), United States ($52k or 168%), and Vietnam ($27k or 159%). In March 2024, the decrease in Water's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-61k or -100%), Austria ($-31k or -100%), and Germany ($-24k or -75%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$35k(5.07%)

IMPORT GROWTH (March 2023 - March 2024)$-2.46M(-29.7%)

MAIN DESTINATION (March 2024)United States$131k

This section shows Water'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 Water over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$6.09M

IMPORTS (2022)$66.7M

NET TRADE (2022)-$60.6M

In 2022, South Korea exported $6.09M in Water. The main destinations of South Korea exports on Water were Vietnam ($840k), United States ($833k), Guam ($755k), Philippines ($618k), and Chinese Taipei ($373k).

In 2022, South Korea imported $66.7M in Water, mainly from China ($50.6M), France ($6.19M), Italy ($3.58M), Thailand ($1.57M), and Fiji ($1.05M).

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