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2022
Exports $256MWorld Rnk 11 / 198
Flag Rnk 239 / 1204
2022
Destination $8.26M Vietnam
2021 - 2022
FASTEST GROWING MARKET $8.26MIndia
2022
PRODUCT COMPLEXITY IN Electrical Resistors0.88Rnk 215 / 1025
2022
Imports $625MWorld Rnk 6 / 214
Flag Rnk 163 / 1213
2022
Origin $255M China
2021 - 2022
FASTEST GROWING ORIGIN $255MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $256M in Electrical Resistors, making it the 11th largest exporter of Electrical Resistors in the world. At the same year, Electrical Resistors was the 239th most exported product in South Korea. The main destination of Electrical Resistors exports from South Korea are: Vietnam ($69.9M), China ($62.2M), India ($22.8M), Thailand ($11.4M), and United States ($9.81M).

The fastest growing export markets for Electrical Resistors of South Korea between 2021 and 2022 were India ($8.26M), United Arab Emirates ($3.59M), and Indonesia ($1.37M).

Imports In 2022, South Korea imported $625M in Electrical Resistors, becoming the 6th largest importer of Electrical Resistors in the world. At the same year, Electrical Resistors was the 163rd most imported product in South Korea. South Korea imports Electrical Resistors primarily from: China ($419M), Japan ($43.4M), Chinese Taipei ($37.3M), Germany ($23.9M), and Philippines ($18.9M).

The fastest growing import markets in Electrical Resistors for South Korea between 2021 and 2022 were China ($255M), United States ($4.26M), and Austria ($898k).

COMPANIES In 2023, leading companies such as Samsung (4) and LG Electronics (2) were at the forefront of shipping Electrical Resistors from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Electrical Resistors exports accounted up to $17.2M and imports accounted up to $26.1M, resulting in a negative trade balance of $8.95M. Between October 2023 and October 2024 the exports of South Korea's   Electrical Resistors have increased by $259k (1.53%) from $16.9M to $17.2M, while imports decreased by $-313k (-1.18%) from $26.4M to $26.1M.

Destinations In October 2024, Electrical Resistors were exported mostly to Vietnam ($6.07M), China ($4.28M), India ($1.16M), Mexico ($855k), and Thailand ($748k), and were imported mostly from China ($9.93M), Japan ($3M), Chinese Taipei ($2.82M), Germany ($2.15M), and Philippines ($1.37M).

Growth In October 2024, the increase in Electrical Resistors's year-by-year exports was explained primarily by an increase in exports to India ($72k or 5.95%), Uzbekistan ($66k or 1.65k%), and Germany ($60k or 111%). In October 2024, the decrease in Electrical Resistors's year-by-year imports was explained primarily by a decrease in imports from China ($-3.66M or -25.5%), Chinese Taipei ($-2.48M or -46.6%), and Germany ($-835k or -38.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$259k(1.53%)
IMPORT GROWTH (October 2023 - October 2024)$-313k(-1.18%)
MAIN DESTINATION (October 2024)Vietnam$6.07M

This section shows Electrical Resistors'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 Resistors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$256M
IMPORTS (2022)$625M
NET TRADE (2022)-$369M

In 2022, South Korea exported $256M in Electrical Resistors. The main destinations of South Korea exports on Electrical Resistors were Vietnam ($69.9M), China ($62.2M), India ($22.8M), Thailand ($11.4M), and United States ($9.81M).

In 2022, South Korea imported $625M in Electrical Resistors, mainly from China ($419M), Japan ($43.4M), Chinese Taipei ($37.3M), Germany ($23.9M), and Philippines ($18.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Resistors EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$8.26M (56.9%)
United Arab Emirates$3.59M (96%)
Indonesia$1.37M (28.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Resistors BY South Korea WERE (2021 - 2022):
China-$10M (-13.9%)
Hong Kong-$2.07M (-26.9%)
United States-$2.04M (-17.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Electrical Resistors were:
China $4.72B
Germany $1.33B
Japan $1.08B
In 2022, South Korea's main importing competitors in Electrical Resistors were:
China $2.95B
Hong Kong $1.53B
United States $1.27B

Explore Visualizations

Trade Value of Electrical Resistors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $22.1M
TOP IMPORT POTENTIALChina+ $25.5M

Electrical Resistors’s highest export potential is China. With an export gap of $22.1M.   Electrical Resistors’s highest import potential is China with an import gap of $25.5M.

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