Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles in South Korea

EXPORTS (2018): $186B, World Rnk 2 / 222
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TOP DESTINATION (2018): $64.4B, China

FASTEST GROWING MARKET (2017 - 2018): $8.39B, Hong Kong

IMPORTS (2018): $80.8B, World Rnk 6 / 221
Flag Rnk 2 / 96

TOP ORIGIN (2018): $35.8B, China

FASTEST GROWING ORIGIN (2017 - 2018): $3.57B, China

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

PRODUCT COMPLEXITY  IN Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles (2018): 1.17, Rnk 12 / 96

Overview: This page contains the latest trade data of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles in South Korea.

Exports: In 2018, South Korea exported $186B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles, making it the 2nd largest exporter of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles in the world. At the same year, Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles was the 1st most exported product in South Korea. The main destination of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles exports from South Korea are: China ($64.4B), Hong Kong ($33.4B), Vietnam ($24.6B), United States ($13.2B), and Chinese Taipei ($7.6B).

The fastest growing export markets for Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles of South Korea between 2017 and 2018 were Hong Kong ($8.39B), Philippines ($3.01B), and Chinese Taipei ($2.73B).

Imports: In 2018, South Korea imported $80.8B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles, becoming the 6th largest importer of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles in the world. At the same year, Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles was the 2nd most imported product in South Korea. South Korea imports Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles primarily from: China ($35.8B), Chinese Taipei ($9.27B), Vietnam ($7.67B), Japan ($6.94B), and United States ($5.79B).

The fastest growing import markets in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles for South Korea between 2017 and 2018 were China ($3.57B), Vietnam ($1.15B), and Malaysia ($398M).

Tariffs: In 2018, the average tariff for South Korea in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles was 4.19%. The countries with the highest import tariffs for Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles were Botswana (6.7%), Cote d'Ivoire (6.7%), Cameroon (6.7%), Republic of the Congo (6.7%), and Cape Verde (6.7%).

Overview: In September 2020 South Korea's Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles exports accounted up to $15.2B and imports accounted up to $8.01B, resulting in a positive trade balance of $7.24B. Between September 2019 and September 2020 the exports of South Korea's   Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles have increased by $1.41B (10.2%) from $13.8B to $15.2B, while imports increased by $532M (7.12%) from $7.47B to $8.01B.

Destinations: In September 2020 Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles exported mostly to China ($4.93B), Vietnam ($2.95B), Hong Kong ($2.03B), United States ($1.29B), and Chinese Taipei ($790M), and imported mostly from China ($3.36B), Chinese Taipei ($1.2B), Vietnam ($771M), Japan ($770M), and United States ($417M).

Growth: In September 2020, the increase in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles's year-by-year exports was explained primarily by an increase in exports to Vietnam ($431M or 17.1%), Chinese Taipei ($326M or 70.2%), and United States ($312M or 31.9%). In September 2020, the increase in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles's year-by-year imports was explained primarily by an increase in imports from China ($413M or 14%), Chinese Taipei ($256M or 27.2%), and Singapore ($89.9M or 51.1%).

Subnational Monthly Trade

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Value

EXPORT GROWTH (September 2019 - September 2020): $1.41B, (10.2%)

IMPORT GROWTH (September 2019 - September 2020): $532M, (7.12%)

MAIN DESTINATION (September 2020): China, $4.93B

This section shows Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles'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 Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles over time.

Value

EXPORTS (2018): $186B

IMPORTS (2018): $80.8B

NET TRADE (2018): $105B

In 2018, South Korea exported $186B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles. The main destinations of South Korea exports on Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles were China ($64.4B), Hong Kong ($33.4B), Vietnam ($24.6B), United States ($13.2B), and Chinese Taipei ($7.6B).

In 2018, South Korea imported $80.8B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles, mainly from China ($35.8B), Chinese Taipei ($9.27B), Vietnam ($7.67B), Japan ($6.94B), and United States ($5.79B).

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IN 2018, South Korea HAD A POSITIVE NET TRADE IN Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles WITH:

  • Hong Kong, $32.3B ($33.4B - $1.05B)
  • China, $28.6B ($64.4B - $35.8B)
  • Vietnam, $16.9B ($24.6B - $7.67B)

IN 2018, South Korea HAD A NEGATIVE NET TRADE IN Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles WITH:

  • Japan, -$2.82B ($4.13B - $6.94B)
  • Chinese Taipei, -$1.67B ($7.6B - $9.27B)
  • Malaysia, -$863M ($1.9B - $2.76B)
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Market Concentration

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In 2018, South Korea's main exporting competitors in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles were:

In 2018, South Korea's main importing competitors in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles 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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