Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof in South Korea

EXPORTS (2018): $78.8B, World Rnk 6 / 222
Flag Rnk 2 / 96

TOP DESTINATION (2018): $21.6B, China

FASTEST GROWING MARKET (2017 - 2018): $5.51B, China

IMPORTS (2018): $46.2B, World Rnk 12 / 221
Flag Rnk 3 / 96

TOP ORIGIN (2018): $14.7B, China

FASTEST GROWING ORIGIN (2017 - 2018): $1.16B, China

ECONOMIC COMPLEXITY of South Korea (2018): 1.85, Rnk 5 / 137

PRODUCT COMPLEXITY  IN Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (2018): 1.85, Rnk 3 / 96

Overview: This page contains the latest trade data of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof in South Korea.

Exports: In 2018, South Korea exported $78.8B in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof, making it the 6th largest exporter of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof in the world. At the same year, Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof was the 2nd most exported product in South Korea. The main destination of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof exports from South Korea are: China ($21.6B), United States ($16.5B), Japan ($3.7B), Vietnam ($3.29B), and Hong Kong ($3.15B).

The fastest growing export markets for Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof of South Korea between 2017 and 2018 were China ($5.51B), United States ($4.04B), and Hong Kong ($953M).

Imports: In 2018, South Korea imported $46.2B in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof, becoming the 12th largest importer of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof in the world. At the same year, Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof was the 3rd most imported product in South Korea. South Korea imports Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof primarily from: China ($14.7B), Japan ($8.03B), United States ($5.33B), Germany ($3.74B), and Singapore ($1.42B).

The fastest growing import markets in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof for South Korea between 2017 and 2018 were China ($1.16B), Netherlands ($634M), and Philippines ($451M).

Tariffs: In 2018, the average tariff for South Korea in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof was 4.09%. The countries with the highest import tariffs for Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were Cameroon (7.2%), Algeria (7.2%), Egypt (7.2%), Ghana (7.2%), and Libya (7.2%).

Overview: In September 2020 South Korea's Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof exports accounted up to $6.06B and imports accounted up to $4.59B, resulting in a positive trade balance of $1.47B. Between September 2019 and September 2020 the exports of South Korea's   Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof have increased by $633M (11.7%) from $5.43B to $6.06B, while imports increased by $850M (22.7%) from $3.74B to $4.59B.

Destinations: In September 2020 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof exported mostly to United States ($1.55B), China ($1.53B), Hong Kong ($328M), Japan ($303M), and Vietnam ($228M), and imported mostly from China ($1.24B), Japan ($743M), United States ($551M), Netherlands ($380M), and Germany ($293M).

Growth: In September 2020, the increase in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof's year-by-year exports was explained primarily by an increase in exports to United States ($300M or 24%), China ($240M or 18.7%), and Hong Kong ($176M or 115%). In September 2020, the increase in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof's year-by-year imports was explained primarily by an increase in imports from Netherlands ($339M or 826%), China ($250M or 25.1%), and Unknown ($160M or 166%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (September 2019 - September 2020): $633M, (11.7%)

IMPORT GROWTH (September 2019 - September 2020): $850M, (22.7%)

MAIN DESTINATION (September 2020): United States, $1.55B

This section shows Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof'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 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof over time.

Value

EXPORTS (2018): $78.8B

IMPORTS (2018): $46.2B

NET TRADE (2018): $32.6B

In 2018, South Korea exported $78.8B in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. The main destinations of South Korea exports on Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were China ($21.6B), United States ($16.5B), Japan ($3.7B), Vietnam ($3.29B), and Hong Kong ($3.15B).

In 2018, South Korea imported $46.2B in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof, mainly from China ($14.7B), Japan ($8.03B), United States ($5.33B), Germany ($3.74B), and Singapore ($1.42B).

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IN 2018, South Korea HAD A POSITIVE NET TRADE IN Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof WITH:

  • United States, $11.1B ($16.5B - $5.33B)
  • China, $6.87B ($21.6B - $14.7B)
  • Hong Kong, $2.79B ($3.15B - $366M)

IN 2018, South Korea HAD A NEGATIVE NET TRADE IN Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof WITH:

  • Japan, -$4.34B ($3.7B - $8.03B)
  • Germany, -$1.3B ($2.44B - $3.74B)
  • United Kingdom, -$648M ($624M - $1.27B)
Flow

THE FASTEST GROWING Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof EXPORT MARKETS FOR South Korea WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof BY South Korea WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, South Korea's main exporting competitors in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were:

In 2018, South Korea's main importing competitors in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof in South Korea. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for South Korea in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof was 4.09%.

The countries with the highest tariffs for Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof in South Korea were Cameroon (7.2%), Algeria (7.2%), Egypt (7.2%), Ghana (7.2%), and Libya (7.2%).

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