HS Icon Distilling or rectifying plant in  Flag South Korea

2019
Exports | Imports
: $169M | $28.8M, World Rnk 3 / 103
Flag Rnk 392 / 4455 | World Rnk 8 / 186
Flag Rnk 1458 / 4533

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $7.15M | $4.32M, Thailand |  Germany

2019
ECONOMIC COMPLEXITY of South Korea
: 1.9, Rnk 5 / 147

2019
PRODUCT COMPLEXITY  IN Distilling or rectifying plant
: 0.9, Rnk 565 / 2764

Exports In 2019, South Korea exported $169M in Distilling or rectifying plant, making it the 3rd largest exporter of Distilling or rectifying plant in the world. At the same year, Distilling or rectifying plant was the 392nd most exported product in South Korea. The main destination of Distilling or rectifying plant exports from South Korea are: Kazakhstan ($109M), Russia ($18M), Thailand ($10M), United States ($9.38M), and China ($7.94M).

The fastest growing export markets for Distilling or rectifying plant of South Korea between 2018 and 2019 were Thailand ($7.15M), China ($6.92M), and Brunei ($4.82M).

Imports In 2019, South Korea imported $28.8M in Distilling or rectifying plant, becoming the 8th largest importer of Distilling or rectifying plant in the world. At the same year, Distilling or rectifying plant was the 1458th most imported product in South Korea. South Korea imports Distilling or rectifying plant primarily from: Germany ($10.6M), China ($5.14M), Sweden ($4.3M), Japan ($4.22M), and Czechia ($1.69M).

The fastest growing import markets in Distilling or rectifying plant for South Korea between 2018 and 2019 were Germany ($4.32M), Sweden ($2.83M), and Czechia ($1.69M).

Tariffs In 2018, the average tariff for South Korea in Distilling or rectifying plant was 4.98%. The countries with the highest import tariffs for Distilling or rectifying plant were Botswana (Most Favoured Nation duty rate treatement, 8%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8%), Cameroon (Most Favoured Nation duty rate treatement, 8%), Republic of the Congo (Most Favoured Nation duty rate treatement, 8%), and Cape Verde (Most Favoured Nation duty rate treatement, 8%).

Historical Data

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EXPORTS (2019): $169M

IMPORTS (2019): $28.8M

NET TRADE (2019): $140M

In 2019, South Korea exported $169M in Distilling or rectifying plant. The main destinations of South Korea exports on Distilling or rectifying plant were Kazakhstan ($109M), Russia ($18M), Thailand ($10M), United States ($9.38M), and China ($7.94M).

In 2019, South Korea imported $28.8M in Distilling or rectifying plant, mainly from Germany ($10.6M), China ($5.14M), Sweden ($4.3M), Japan ($4.22M), and Czechia ($1.69M).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Distilling or rectifying plant WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Distilling or rectifying plant WITH:

Flow

THE FASTEST GROWING Distilling or rectifying plant EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Distilling or rectifying plant BY South Korea WERE (2018 - 2019):

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Market Concentration

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In 2019, South Korea's main exporting competitors in Distilling or rectifying plant were:

In 2019, South Korea's main importing competitors in Distilling or rectifying plant were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Distilling or rectifying plant was 4.98%.

The countries with the highest tariffs for Distilling or rectifying plant in South Korea were Botswana (Most Favoured Nation duty rate treatement, 8%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8%), Cameroon (Most Favoured Nation duty rate treatement, 8%), Republic of the Congo (Most Favoured Nation duty rate treatement, 8%), and Cape Verde (Most Favoured Nation duty rate treatement, 8%).