Aircraft and spacecraft in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $1.63B in Aircraft and spacecraft, making it the 17th largest exporter of Aircraft and spacecraft in the world. At the same year, Aircraft and spacecraft was the 32nd most exported product in South Korea. The main destination of Aircraft and spacecraft exports from South Korea are: United States ($642M), United Kingdom ($215M), Australia ($182M), France ($66.8M), and China ($64.5M).

The fastest growing export markets for Aircraft and spacecraft of South Korea between 2021 and 2022 were United States ($229M), Australia ($177M), and India ($60.8M).

Imports In 2022, South Korea imported $2.84B in Aircraft and spacecraft, becoming the 18th largest importer of Aircraft and spacecraft in the world. At the same year, Aircraft and spacecraft was the 30th most imported product in South Korea. South Korea imports Aircraft and spacecraft primarily from: United States ($1.69B), Germany ($412M), France ($257M), China ($113M), and Italy ($108M).

The fastest growing import markets in Aircraft and spacecraft for South Korea between 2021 and 2022 were France ($150M), China ($69.4M), and Italy ($56.8M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (15.7k), ROBERT BOSCH TOOL CORPORATION (3.42k), and CNH INDUSTRIAL AMERICA LLC (920) were at the forefront of shipping Aircraft and spacecraft from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Aircraft and spacecraft exports accounted up to $202M and imports accounted up to $318M, resulting in a negative trade balance of $116M. Between February 2023 and February 2024 the exports of South Korea's Aircraft and spacecraft have increased by $35.9M (21.6%) from $166M to $202M, while imports increased by $144M (82.5%) from $174M to $318M.

Destinations In February 2024, Aircraft and spacecraft were exported mostly to United States ($133M), United Kingdom ($17.5M), Japan ($13M), China ($7.41M), and France ($6.84M), and were imported mostly from United States ($262M), France ($27.7M), Canada ($13.9M), China ($5.95M), and United Kingdom ($5.13M).

Growth In February 2024, the increase in Aircraft and spacecraft's year-by-year exports was explained primarily by an increase in exports to Japan ($5.81M or 1.52k%), China ($1.63M or 50.8%), and Germany ($1.11M or 27.7%). In February 2024, the increase in Aircraft and spacecraft's year-by-year imports was explained primarily by an increase in imports from Germany ($60.1M or 5.06k%), Italy ($5.59M or 62.1%), and China ($1.54M or 35.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$35.9M(21.6%)

IMPORT GROWTH (February 2023 - February 2024)$144M(82.5%)

MAIN DESTINATION (February 2024)United States$133M

This section shows Aircraft and spacecraft'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 Aircraft and spacecraft over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download