2023
Exports
$34.1MWorld Rnk 19 / 113
Flag Rnk 505 / 1188
2023
PRODUCT COMPLEXITY IN Glass Working Machines
1.27Rnk 83 / 1025
2023
Imports
$309MWorld Rnk 4 / 180
Flag Rnk 233 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $34.1M in Glass Working Machines, making it the 19th largest exporter of Glass Working Machines in the world. At the same year, Glass Working Machines was the 505th most exported product in South Korea. The main destination of Glass Working Machines exports from South Korea are: China ($16.1M), Chinese Taipei ($11.4M), India ($3.53M), Japan ($1.26M), and Egypt ($669k).

The fastest growing export markets for Glass Working Machines of South Korea between 2022 and 2023 were India ($2.69M), Egypt ($669k), and Nigeria ($462k).

Imports In 2023, South Korea imported $309M in Glass Working Machines, becoming the 4th largest importer of Glass Working Machines in the world. At the same year, Glass Working Machines was the 233rd most imported product in South Korea. South Korea imports Glass Working Machines primarily from: Singapore ($139M), Germany ($60.1M), United States ($51.8M), Japan ($19.9M), and China ($11.4M).

The fastest growing import markets in Glass Working Machines for South Korea between 2022 and 2023 were Singapore ($71.7M), Japan ($8.68M), and Sweden ($5.56M).

COMPANIES In 2024, leading companies such as Samsung (2) were at the forefront of shipping Glass Working Machines from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-24.1M(-93.2%)
IMPORT GROWTH (December 2023 - December 2024)$-44.5M(-89.9%)
MAIN DESTINATION (December 2024)United States$1.55M

This section shows Glass Working Machines'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 Glass Working Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$34.1M
IMPORTS (2023)$309M
NET TRADE (2023)-$275M

In 2023, South Korea exported $34.1M in Glass Working Machines. The main destinations of South Korea exports on Glass Working Machines were China ($16.1M), Chinese Taipei ($11.4M), India ($3.53M), Japan ($1.26M), and Egypt ($669k).

In 2023, South Korea imported $309M in Glass Working Machines, mainly from Singapore ($139M), Germany ($60.1M), United States ($51.8M), Japan ($19.9M), and China ($11.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Glass Working Machines EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$2.69M (321%)
Egypt$669k (1%)
Nigeria$462k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Working Machines BY South Korea WERE (2022 - 2023):
China-$84.9M (-84%)
Japan-$3.48M (-73.3%)
Singapore-$3.11M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Glass Working Machines were:
In 2023, South Korea's main importing competitors in Glass Working Machines were:

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Trade Value of Glass Working Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.42M
TOP IMPORT POTENTIALChina+ $7.89M

Glass Working Machines’s highest export potential is United States. With an export gap of $1.42M.   Glass Working Machines’s highest import potential is China with an import gap of $7.89M.

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