Electrical Parts in South Korea

EXPORTS (2018): $4.34B, World Rnk 1 / 131
Flag Rnk 23 / 1196

TOP DESTINATION (2018): $4.2B, Vietnam

FASTEST GROWING MARKET (2017 - 2018): $17.4M, Hong Kong

IMPORTS (2018): $136M, World Rnk 8 / 189
Flag Rnk 401 / 1208

TOP ORIGIN (2018): $55.5M, China

FASTEST GROWING ORIGIN (2017 - 2018): $12.4M, Vietnam

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

PRODUCT COMPLEXITY  IN Electrical Parts (2018): 1.44, Rnk 57 / 1018

Overview: This page contains the latest trade data of Electrical Parts in South Korea.

Exports: In 2018, South Korea exported $4.34B in Electrical Parts, making it the 1st largest exporter of Electrical Parts in the world. At the same year, Electrical Parts was the 23rd most exported product in South Korea. The main destination of Electrical Parts exports from South Korea are: Vietnam ($4.2B), China ($92.6M), Hong Kong ($27.2M), United States ($4.3M), and India ($4.19M).

The fastest growing export markets for Electrical Parts of South Korea between 2017 and 2018 were Hong Kong ($17.4M), China ($13.9M), and United States ($4.3M).

Imports: In 2018, South Korea imported $136M in Electrical Parts, becoming the 8th largest importer of Electrical Parts in the world. At the same year, Electrical Parts was the 401st most imported product in South Korea. South Korea imports Electrical Parts primarily from: China ($55.5M), Japan ($45.6M), Vietnam ($19.1M), United States ($4.05M), and Sweden ($2.34M).

The fastest growing import markets in Electrical Parts for South Korea between 2017 and 2018 were Vietnam ($12.4M), Sweden ($2.34M), and Netherlands ($735k).

Tariffs: In 2018, the average tariff for South Korea in Electrical Parts was 2.19%. The countries with the highest import tariffs for Electrical Parts were Sri Lanka (7.2%), China (5.02%), Botswana (3.46%), Cote d'Ivoire (3.46%), and Cameroon (3.46%).

Value

EXPORTS (2018): $4.34B

IMPORTS (2018): $136M

NET TRADE (2018): $4.21B

In 2018, South Korea exported $4.34B in Electrical Parts. The main destinations of South Korea exports on Electrical Parts were Vietnam ($4.2B), China ($92.6M), Hong Kong ($27.2M), United States ($4.3M), and India ($4.19M).

In 2018, South Korea imported $136M in Electrical Parts, mainly from China ($55.5M), Japan ($45.6M), Vietnam ($19.1M), United States ($4.05M), and Sweden ($2.34M).

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IN 2018, South Korea HAD A POSITIVE NET TRADE IN Electrical Parts WITH:

  • Vietnam, $4.18B ($4.2B - $19.1M)
  • China, $37.1M ($92.6M - $55.5M)
  • Hong Kong, $25.9M ($27.2M - $1.26M)

IN 2018, South Korea HAD A NEGATIVE NET TRADE IN Electrical Parts WITH:

  • Japan, -$45.1M ($491k - $45.6M)
  • Sweden, -$2.31M ($29.8k - $2.34M)
  • Netherlands, -$724k ($58k - $782k)
Flow

THE FASTEST GROWING Electrical Parts EXPORT MARKETS FOR South Korea WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Parts 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 Electrical Parts were:

In 2018, South Korea's main importing competitors in Electrical Parts were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Electrical Parts 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 Electrical Parts was 2.19%.

The countries with the highest tariffs for Electrical Parts in South Korea were Sri Lanka (7.2%), China (5.02%), Botswana (3.46%), Cote d'Ivoire (3.46%), and Cameroon (3.46%).

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