Cars, tractors, trucks & parts thereof. in South Korea | The Observatory of Economic Complexity

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Exports In 2023, South Korea exported $86.4B in Cars, tractors, trucks & parts thereof., making it the 6th largest exporter of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 2nd most exported product in South Korea. The main destination of Cars, tractors, trucks & parts thereof. exports from South Korea are: United States ($38.4B), Canada ($4.89B), Australia ($3.59B), Germany ($3.42B), and United Kingdom ($2.73B).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of South Korea between 2022 and 2023 were United States ($8.52B), Germany ($1.25B), and Canada ($1.24B).

Imports In 2023, South Korea imported $20.7B in Cars, tractors, trucks & parts thereof., becoming the 22nd largest importer of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 4th most imported product in South Korea. South Korea imports Cars, tractors, trucks & parts thereof. primarily from: Germany ($7.29B), China ($4.2B), United States ($3.11B), Japan ($1.09B), and United Kingdom ($813M).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for South Korea between 2022 and 2023 were China ($1.09B), United Kingdom ($142M), and South Africa ($122M).

COMPANIES In 2024, leading companies such as Samsung (2.22k), General Motors (661), and Ford Motor Company (345) were at the forefront of shipping Cars, tractors, trucks & parts thereof. from South Korea to the United States.

Latest Trends

January 2025

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Overview In January 2025 South Korea's Cars, tractors, trucks & parts thereof. exports accounted up to $6.55B and imports accounted up to $1.22B, resulting in a positive trade balance of $5.33B. Between January 2024 and January 2025 the exports of South Korea's Cars, tractors, trucks & parts thereof. have decreased by $-1.37B (-17.3%) from $7.92B to $6.55B, while imports decreased by $-84.1M (-6.46%) from $1.3B to $1.22B.

Destinations In January 2025, Cars, tractors, trucks & parts thereof. were exported mostly to United States ($2.81B), Canada ($402M), Australia ($236M), Poland ($221M), and United Kingdom ($191M), and were imported mostly from Germany ($346M), China ($329M), United States ($169M), Japan ($67.9M), and Slovakia ($40.5M).

Growth In January 2025, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year exports was explained primarily by a decrease in exports to Israel ($-136M or -77.1%), France ($-64.5M or -43.3%), and Belgium ($-57.1M or -58.3%). In January 2025, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year imports was explained primarily by a decrease in imports from Germany ($-345M or -52.5%), United Kingdom ($-86.1M or -69.2%), and Austria ($-69.7M or -86.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2024 - January 2025)$-1.37B(-17.3%)

IMPORT GROWTH (January 2024 - January 2025)$-84.1M(-6.46%)

MAIN DESTINATION (January 2025)United States$2.81B

This section shows Cars, tractors, trucks & parts thereof.'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 Cars, tractors, trucks & parts thereof. over time.

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