HS Icon Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles in  Flag South Korea

2020
Exports | Imports
: $166B | $85.5B, World Rnk 3 / 226
Flag Rnk 1 / 96 | World Rnk 8 / 226
Flag Rnk 1 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.3B | $1.9B, China |  Chinese Taipei


ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127


PRODUCT COMPLEXITY  IN Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television...
: 1.4, Rnk 7 / 96

Exports In 2020, South Korea exported $166B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television..., making it the 3rd largest exporter of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... in the world. At the same year, Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... was the 1st most exported product in South Korea. The main destination of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... exports from South Korea are: China ($54.9B), Vietnam ($27.5B), Hong Kong ($21.6B), United States ($14.4B), and Chinese Taipei ($8.48B).

The fastest growing export markets for Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... of South Korea between 2019 and 2020 were China ($3.3B), Vietnam ($3.13B), and Chinese Taipei ($2.58B).

Imports In 2020, South Korea imported $85.5B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television..., becoming the 8th largest importer of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... in the world. At the same year, Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... was the 1st most imported product in South Korea. South Korea imports Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... primarily from: China ($38.2B), Chinese Taipei ($11.2B), Vietnam ($8.38B), Japan ($6.74B), and United States ($5.58B).

The fastest growing import markets in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... for South Korea between 2019 and 2020 were Chinese Taipei ($1.9B), Singapore ($1.04B), and China ($522M).

Tariffs In 2018, the average tariff for South Korea in Electrical machinery and equipment and parts thereof; sound... was 4.19%. The countries with the highest import tariffs for Electrical machinery and equipment and parts thereof; sound... were Botswana (Most Favoured Nation duty rate treatement, 6.7%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 6.7%), Cameroon (Most Favoured Nation duty rate treatement, 6.7%), Republic of the Congo (Most Favoured Nation duty rate treatement, 6.7%), and Cape Verde (Most Favoured Nation duty rate treatement, 6.7%).

June 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2021 - June 2022): $1.69B, (9.99%)

IMPORT GROWTH (June 2021 - June 2022): $2.68B, (30.3%)

MAIN DESTINATION (June 2022): China, $6.31B

This section shows Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television...'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 Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... over time.

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Historical Data

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Compare to

EXPORTS (2020): $166B

IMPORTS (2020): $85.5B

NET TRADE (2020): $80.3B

In 2020, South Korea exported $166B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television.... The main destinations of South Korea exports on Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... were China ($54.9B), Vietnam ($27.5B), Hong Kong ($21.6B), United States ($14.4B), and Chinese Taipei ($8.48B).

In 2020, South Korea imported $85.5B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television..., mainly from China ($38.2B), Chinese Taipei ($11.2B), Vietnam ($8.38B), Japan ($6.74B), and United States ($5.58B).

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IN 2020, South Korea HAD A POSITIVE NET TRADE IN Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... WITH:

IN 2020, South Korea HAD A NEGATIVE NET TRADE IN Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... WITH:

Flow

THE FASTEST GROWING Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... EXPORT MARKETS FOR South Korea WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... BY South Korea WERE (2019 - 2020):

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Market Concentration

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Flow
Type

In 2019, South Korea's main exporting competitors in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... were:

In 2019, South Korea's main importing competitors in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... were:

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