2021
Exports | Imports
$44.7B | $12BWorld Rnk 4 / 218
Flag Rnk 2 / 1206
World Rnk 14 / 226
Flag Rnk 7 / 1211
2021
ECONOMIC COMPLEXITY of South Korea
1.82Rnk 4 / 131
2021
PRODUCT COMPLEXITY IN Cars
0.88Rnk 214 / 1024

About

Exports In 2021, South Korea exported $44.7B in Cars, making it the 4th largest exporter of Cars in the world. At the same year, Cars was the 2nd most exported product in South Korea. The main destination of Cars exports from South Korea are: United States ($17.6B), Canada ($3.03B), Russia ($2.54B), Australia ($2.36B), and United Kingdom ($1.95B).

The fastest growing export markets for Cars of South Korea between 2020 and 2021 were United States ($1.42B), Russia ($1.05B), and Australia ($645M).

Imports In 2021, South Korea imported $12B in Cars, becoming the 14th largest importer of Cars in the world. At the same year, Cars was the 7th most imported product in South Korea. South Korea imports Cars primarily from: Germany ($6.03B), United States ($3.26B), Japan ($574M), United Kingdom ($442M), and Mexico ($303M).

The fastest growing import markets in Cars for South Korea between 2020 and 2021 were United States ($870M), China ($97.8M), and Italy ($77.6M).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$1B(19.2%)
IMPORT GROWTH (December 2022 - December 2023)$-38M(-3.15%)
MAIN DESTINATION (December 2023)United States$3.38B

This section shows Cars'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$44.7B
IMPORTS (2021)$12B
NET TRADE (2021)$32.7B

In 2021, South Korea exported $44.7B in Cars. The main destinations of South Korea exports on Cars were United States ($17.6B), Canada ($3.03B), Russia ($2.54B), Australia ($2.36B), and United Kingdom ($1.95B).

In 2021, South Korea imported $12B in Cars, mainly from Germany ($6.03B), United States ($3.26B), Japan ($574M), United Kingdom ($442M), and Mexico ($303M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
United States$1.42B (8.82%)
Russia$1.05B (71%)
Australia$645M (37.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY South Korea WERE (2020 - 2021):
Saudi Arabia-$747M (-44%)
Iraq-$113M (-39.3%)
Pakistan-$43.2M (-16%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, South Korea's main exporting competitors in Cars were:
In 2021, South Korea's main importing competitors in Cars were:

Explore Visualizations

Trade Value of Cars by Exporters

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