2022
Exports
$78BWorld Rnk 8 / 226
Flag Rnk 2 / 96
2022
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.21Rnk 2 / 1025
2022
Imports
$63.7BWorld Rnk 11 / 226
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $78B in Machinery, mechanical appliances, & parts, making it the 8th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 2nd most exported product in South Korea. The main destination of Machinery, mechanical appliances, & parts exports from South Korea are: United States ($21.7B), China ($13.4B), Japan ($3.31B), Vietnam ($3.05B), and Mexico ($3.01B).

The fastest growing export markets for Machinery, mechanical appliances, & parts of South Korea between 2021 and 2022 were Singapore ($668M), United States ($452M), and Chinese Taipei ($427M).

Imports In 2022, South Korea imported $63.7B in Machinery, mechanical appliances, & parts, becoming the 11th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 3rd most imported product in South Korea. South Korea imports Machinery, mechanical appliances, & parts primarily from: China ($18.6B), Japan ($9.88B), United States ($9.47B), Netherlands ($6.01B), and Germany ($3.49B).

The fastest growing import markets in Machinery, mechanical appliances, & parts for South Korea between 2021 and 2022 were Netherlands ($4.91B), United States ($4.22B), and Japan ($3.12B).

COMPANIES In 2023, leading companies such as Samsung (14.1k), LG Electronics (12.3k), and Hankook Tires (1.65k) were at the forefront of shipping Machinery, mechanical appliances, & parts from South Korea to the United States.

Latest Trends

April 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$1.01B(17.9%)
IMPORT GROWTH (April 2023 - April 2024)$-652M(-10.6%)
MAIN DESTINATION (April 2024)United States$2.18B

This section shows Machinery, mechanical appliances, & parts'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 Machinery, mechanical appliances, & parts over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$78B
IMPORTS (2022)$63.7B
NET TRADE (2022)$14.3B

In 2022, South Korea exported $78B in Machinery, mechanical appliances, & parts. The main destinations of South Korea exports on Machinery, mechanical appliances, & parts were United States ($21.7B), China ($13.4B), Japan ($3.31B), Vietnam ($3.05B), and Mexico ($3.01B).

In 2022, South Korea imported $63.7B in Machinery, mechanical appliances, & parts, mainly from China ($18.6B), Japan ($9.88B), United States ($9.47B), Netherlands ($6.01B), and Germany ($3.49B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Singapore$668M (44.3%)
United States$452M (2.12%)
Chinese Taipei$427M (24.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY South Korea WERE (2021 - 2022):
China-$2.15B (-13.8%)
Russia-$517M (-30.9%)
Hong Kong-$385M (-13.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2022, South Korea's main importing competitors in Machinery, mechanical appliances, & parts were:

Explore Visualizations

Trade Value of Machinery, mechanical appliances, & parts by Exporters

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with