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2022
Exports $673kWorld Rnk 38 / 87
Flag Rnk 1012 / 1204
2022
Destination $400k Philippines
2021 - 2022
FASTEST GROWING MARKET $400kPhilippines
2022
PRODUCT COMPLEXITY IN Fishing Ships-0.29Rnk 643 / 1025
2022
Imports $7.26MWorld Rnk 24 / 150
Flag Rnk 977 / 1213
2022
Origin $2.13M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.13MRussia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $673k in Fishing Ships, making it the 38th largest exporter of Fishing Ships in the world. At the same year, Fishing Ships was the 1012th most exported product in South Korea. The main destination of Fishing Ships exports from South Korea are: Philippines ($400k), Indonesia ($216k), Russia ($55k), and United Kingdom ($2.12k).

The fastest growing export markets for Fishing Ships of South Korea between 2021 and 2022 were Philippines ($400k), Indonesia ($216k), and United Kingdom ($2.12k).

Imports In 2022, South Korea imported $7.26M in Fishing Ships, becoming the 24th largest importer of Fishing Ships in the world. At the same year, Fishing Ships was the 977th most imported product in South Korea. South Korea imports Fishing Ships primarily from: Japan ($4.04M), Russia ($2.9M), United States ($238k), France ($44.6k), and Netherlands ($18.2k).

The fastest growing import markets in Fishing Ships for South Korea between 2021 and 2022 were Russia ($2.13M), Japan ($1.12M), and United States ($238k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Fishing Ships exports accounted up to $0 and imports accounted up to $522k, resulting in a negative trade balance of $522k. Between August 2023 and October 2024 the exports of South Korea's   Fishing Ships have decreased by $-170k (-100%) from $170k to $0, while imports decreased by $-331k (-38.8%) from $853k to $522k.

Destinations In October 2024, Fishing Ships were exported mostly to China ($0) and Japan ($0), and were imported mostly from Japan ($522k) and China ($0).

Growth In October 2024, the decrease in Fishing Ships's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Fishing Ships's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - October 2024)$-170k(-100%)
IMPORT GROWTH (August 2023 - October 2024)$-331k(-38.8%)
MAIN DESTINATION (October 2024)China$0

This section shows Fishing Ships'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 Fishing Ships over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$673k
IMPORTS (2022)$7.26M
NET TRADE (2022)-$6.58M

In 2022, South Korea exported $673k in Fishing Ships. The main destinations of South Korea exports on Fishing Ships were Philippines ($400k), Indonesia ($216k), Russia ($55k), and United Kingdom ($2.12k).

In 2022, South Korea imported $7.26M in Fishing Ships, mainly from Japan ($4.04M), Russia ($2.9M), United States ($238k), France ($44.6k), and Netherlands ($18.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fishing Ships EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$400k (1%)
Indonesia$216k (1%)
United Kingdom$2.12k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fishing Ships BY South Korea WERE (2021 - 2022):
Tuvalu-$8.55M (-100%)
Russia-$1.89M (-97.2%)
Kenya-$910k (-100%)
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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 Fishing Ships were:
Turkey $248M
Norway $128M
Denmark $109M
In 2022, South Korea's main importing competitors in Fishing Ships were:
Norway $161M
Denmark $147M
Russia $110M

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Trade Value of Fishing Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $54.8k
TOP IMPORT POTENTIALJapan+ $76.3k

Fishing Ships’s highest export potential is Russia. With an export gap of $54.8k.   Fishing Ships’s highest import potential is Japan with an import gap of $76.3k.

See methodology.

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