HS Icon Heat exchange units, non-domestic, non-electric in  Flag South Korea

2019
Exports | Imports
: $565M | $268M, World Rnk 5 / 168
Flag Rnk 140 / 4455 | World Rnk 10 / 213
Flag Rnk 259 / 4533

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $34.7M | $38.8M, Thailand |  United States

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

2019
PRODUCT COMPLEXITY  IN Heat exchange units, non-domestic, non-electric
: 1.05, Rnk 406 / 2764

Exports In 2019, South Korea exported $565M in Heat exchange units, non-domestic, non-electric, making it the 5th largest exporter of Heat exchange units, non-domestic, non-electric in the world. At the same year, Heat exchange units, non-domestic, non-electric was the 140th most exported product in South Korea. The main destination of Heat exchange units, non-domestic, non-electric exports from South Korea are: United States ($75.6M), China ($63.5M), Thailand ($46.4M), Saudi Arabia ($40.8M), and United Arab Emirates ($36.3M).

The fastest growing export markets for Heat exchange units, non-domestic, non-electric of South Korea between 2018 and 2019 were Thailand ($34.7M), Saudi Arabia ($25.4M), and Kazakhstan ($18.7M).

Imports In 2019, South Korea imported $268M in Heat exchange units, non-domestic, non-electric, becoming the 10th largest importer of Heat exchange units, non-domestic, non-electric in the world. At the same year, Heat exchange units, non-domestic, non-electric was the 259th most imported product in South Korea. South Korea imports Heat exchange units, non-domestic, non-electric primarily from: United States ($65.2M), China ($61.4M), France ($32.4M), Germany ($29.2M), and Italy ($26.4M).

The fastest growing import markets in Heat exchange units, non-domestic, non-electric for South Korea between 2018 and 2019 were United States ($38.8M), France ($9.2M), and China ($7.76M).

Tariffs In 2018, the average tariff for South Korea in Heat exchange units, non-domestic, non-electric was 4.99%. The countries with the highest import tariffs for Heat exchange units, non-domestic, non-electric 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): $565M

IMPORTS (2019): $268M

NET TRADE (2019): $297M

In 2019, South Korea exported $565M in Heat exchange units, non-domestic, non-electric. The main destinations of South Korea exports on Heat exchange units, non-domestic, non-electric were United States ($75.6M), China ($63.5M), Thailand ($46.4M), Saudi Arabia ($40.8M), and United Arab Emirates ($36.3M).

In 2019, South Korea imported $268M in Heat exchange units, non-domestic, non-electric, mainly from United States ($65.2M), China ($61.4M), France ($32.4M), Germany ($29.2M), and Italy ($26.4M).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Heat exchange units, non-domestic, non-electric WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Heat exchange units, non-domestic, non-electric WITH:

Flow

THE FASTEST GROWING Heat exchange units, non-domestic, non-electric EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Heat exchange units, non-domestic, non-electric 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 Heat exchange units, non-domestic, non-electric were:

In 2019, South Korea's main importing competitors in Heat exchange units, non-domestic, non-electric were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Heat exchange units, non-domestic, non-electric was 4.99%.

The countries with the highest tariffs for Heat exchange units, non-domestic, non-electric 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%).