2022
Exports
$76.7BWorld Rnk 6 / 226
Flag Rnk 3 / 96
2022
PRODUCT COMPLEXITY IN Cars, tractors, trucks & parts thereof.
1Rnk 170 / 1025
2022
Imports
$22.2BWorld Rnk 15 / 226
Flag Rnk 4 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $76.7B 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 3rd most exported product in South Korea. The main destination of Cars, tractors, trucks & parts thereof. exports from South Korea are: United States ($30.4B), Canada ($3.63B), Australia ($3.41B), United Kingdom ($2.45B), and Germany ($2.2B).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of South Korea between 2021 and 2022 were United States ($6.21B), Kazakhstan ($1.2B), and Australia ($844M).

Imports In 2022, South Korea imported $22.2B in Cars, tractors, trucks & parts thereof., becoming the 15th 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 ($8.2B), United States ($4.25B), China ($3.25B), Japan ($904M), and Mexico ($771M).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for South Korea between 2021 and 2022 were Germany ($1.23B), China ($555M), and United States ($510M).

COMPANIES In 2023, leading companies such as Samsung (1.63k), LG Electronics (508), and General Motors (491) were at the forefront of shipping Cars, tractors, trucks & parts thereof. from South Korea to the United States.

Latest Trends

April 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$632M(7.99%)
IMPORT GROWTH (April 2023 - April 2024)$-189M(-9.13%)
MAIN DESTINATION (April 2024)United States$4.3B

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$76.7B
IMPORTS (2022)$22.2B
NET TRADE (2022)$54.5B

In 2022, South Korea exported $76.7B in Cars, tractors, trucks & parts thereof.. The main destinations of South Korea exports on Cars, tractors, trucks & parts thereof. were United States ($30.4B), Canada ($3.63B), Australia ($3.41B), United Kingdom ($2.45B), and Germany ($2.2B).

In 2022, South Korea imported $22.2B in Cars, tractors, trucks & parts thereof., mainly from Germany ($8.2B), United States ($4.25B), China ($3.25B), Japan ($904M), and Mexico ($771M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars, tractors, trucks & parts thereof. EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$6.21B (25.6%)
Kazakhstan$1.2B (238%)
Australia$844M (32.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars, tractors, trucks & parts thereof. BY South Korea WERE (2021 - 2022):
Russia-$2.64B (-64.5%)
China-$274M (-17.8%)
Sweden-$132M (-20%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Cars, tractors, trucks & parts thereof. were:
In 2022, South Korea's main importing competitors in Cars, tractors, trucks & parts thereof. were:

Explore Visualizations

Trade Value of Cars, tractors, trucks & parts thereof. by Exporters

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