Exports In 2022, South Korea exported $20B in Motor vehicles; parts and accessories (8701 to 8705), making it the 6th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 5th most exported product in South Korea. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from South Korea are: United States ($6.84B), Mexico ($1.42B), Vietnam ($1.13B), China ($1.12B), and Czechia ($1.01B).
The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of South Korea between 2021 and 2022 were United States ($1.11B), Mexico ($270M), and Vietnam ($263M).
Imports In 2022, South Korea imported $4.96B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 21st largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 14th most imported product in South Korea. South Korea imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($2.11B), Germany ($618M), Mexico ($420M), Japan ($365M), and France ($265M).
The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for South Korea between 2021 and 2022 were China ($313M), Mexico ($117M), and Italy ($64.8M).
COMPANIES In 2023, leading companies such as VOLKSWAGEN GROUP OF AMERICA (1.85k), LG ELECTRONICS U.S.A. INC. (1.42k), and SCHAEFFLER GROUP USA INC. (1.16k) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from South Korea to the United States.