Metalworking Transfer Machines in South Korea

EXPORTS (2018): $703M, World Rnk 4 / 88
Flag Rnk 123 / 1196

TOP DESTINATION (2018): $128M, United States

FASTEST GROWING MARKET (2017 - 2018): $70M, Vietnam

IMPORTS (2018): $211M, World Rnk 19 / 155
Flag Rnk 316 / 1208

TOP ORIGIN (2018): $99.9M, Japan

FASTEST GROWING ORIGIN (2017 - 2018): $3.38M, Italy

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

PRODUCT COMPLEXITY  IN Metalworking Transfer Machines (2018): 2.58, Rnk 1 / 1018

Overview: This page contains the latest trade data of Metalworking Transfer Machines in South Korea.

Exports: In 2018, South Korea exported $703M in Metalworking Transfer Machines, making it the 4th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 123rd most exported product in South Korea. The main destination of Metalworking Transfer Machines exports from South Korea are: United States ($128M), China ($123M), Vietnam ($107M), India ($73.5M), and Italy ($58.6M).

The fastest growing export markets for Metalworking Transfer Machines of South Korea between 2017 and 2018 were Vietnam ($70M), India ($56.6M), and United States ($40.9M).

Imports: In 2018, South Korea imported $211M in Metalworking Transfer Machines, becoming the 19th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 316th most imported product in South Korea. South Korea imports Metalworking Transfer Machines primarily from: Japan ($99.9M), Chinese Taipei ($43.8M), Germany ($39.1M), United States ($9.69M), and China ($6.96M).

The fastest growing import markets in Metalworking Transfer Machines for South Korea between 2017 and 2018 were Italy ($3.38M), China ($2.68M), and Belgium-Luxembourg ($1.84M).

Tariffs: In 2018, the average tariff for South Korea in Metalworking Transfer Machines was 5.01%. The countries with the highest import tariffs for Metalworking Transfer Machines were Botswana (8%), Cote d'Ivoire (8%), Cameroon (8%), Republic of the Congo (8%), and Cape Verde (8%).

Value

EXPORTS (2018): $703M

IMPORTS (2018): $211M

NET TRADE (2018): $492M

In 2018, South Korea exported $703M in Metalworking Transfer Machines. The main destinations of South Korea exports on Metalworking Transfer Machines were United States ($128M), China ($123M), Vietnam ($107M), India ($73.5M), and Italy ($58.6M).

In 2018, South Korea imported $211M in Metalworking Transfer Machines, mainly from Japan ($99.9M), Chinese Taipei ($43.8M), Germany ($39.1M), United States ($9.69M), and China ($6.96M).

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IN 2018, South Korea HAD A POSITIVE NET TRADE IN Metalworking Transfer Machines WITH:

  • United States, $118M ($128M - $9.69M)
  • China, $116M ($123M - $6.96M)
  • Vietnam, $107M ($107M - $182k)

IN 2018, South Korea HAD A NEGATIVE NET TRADE IN Metalworking Transfer Machines WITH:

  • Japan, -$97.6M ($2.28M - $99.9M)
  • Chinese Taipei, -$43.8M ($54.7k - $43.8M)
  • Switzerland, -$2.82M ($898k - $3.71M)
Flow

THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR South Korea WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY South Korea WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, South Korea's main exporting competitors in Metalworking Transfer Machines were:

In 2018, South Korea's main importing competitors in Metalworking Transfer Machines were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Metalworking Transfer Machines 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 Metalworking Transfer Machines was 5.01%.

The countries with the highest tariffs for Metalworking Transfer Machines in South Korea were Botswana (8%), Cote d'Ivoire (8%), Cameroon (8%), Republic of the Congo (8%), and Cape Verde (8%).

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