Sign In
Pricing

2022
Exports $591MWorld Rnk 5 / 93
Flag Rnk 145 / 1204
2022
Destination $49M United States
2021 - 2022
FASTEST GROWING MARKET $49MUnited States
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines2.21Rnk 2 / 1025
2022
Imports $137MWorld Rnk 20 / 169
Flag Rnk 443 / 1213
2022
Origin $19.4MN/A
2021 - 2022
FASTEST GROWING ORIGIN $19.4MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $591M in Metalworking Transfer Machines, making it the 5th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 145th most exported product in South Korea. The main destination of Metalworking Transfer Machines exports from South Korea are: United States ($164M), Italy ($80.4M), China ($60.5M), India ($56.6M), and Germany ($46.2M).

The fastest growing export markets for Metalworking Transfer Machines of South Korea between 2021 and 2022 were United States ($49M), India ($23M), and Germany ($14.2M).

Imports In 2022, South Korea imported $137M in Metalworking Transfer Machines, becoming the 20th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 443rd most imported product in South Korea. South Korea imports Metalworking Transfer Machines primarily from: N/A.

The fastest growing import markets in Metalworking Transfer Machines for South Korea between 2021 and 2022 were Japan ($19.4M), India ($690k), and Indonesia ($285k).

COMPANIES In 2023, leading companies such as LG Electronics (5), Samsung (4), and Haas Automation (1) were at the forefront of shipping Metalworking Transfer Machines from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Metalworking Transfer Machines exports accounted up to $51.4M and imports accounted up to $10.4M, resulting in a positive trade balance of $41M. Between September 2023 and September 2024 the exports of South Korea's   Metalworking Transfer Machines have increased by $4.02M (8.48%) from $47.4M to $51.4M, while imports increased by $1.89M (22.2%) from $8.54M to $10.4M.

Destinations In September 2024, Metalworking Transfer Machines were exported mostly to United States ($15.1M), Mexico ($6.16M), Italy ($5.45M), China ($4.75M), and India ($4.38M), and were imported mostly from Japan ($4.95M), Chinese Taipei ($2.64M), China ($1.53M), Germany ($928k), and United States ($393k).

Growth In September 2024, the increase in Metalworking Transfer Machines's year-by-year exports was explained primarily by an increase in exports to Germany ($3.99M or 752%), United Kingdom ($435k or 41.2%), and Saudi Arabia ($363k or 637%). In September 2024, the increase in Metalworking Transfer Machines's year-by-year imports was explained primarily by an increase in imports from Germany ($1.46M or 252%) and Japan ($99k or 2.62%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$4.02M(8.48%)
IMPORT GROWTH (September 2023 - September 2024)$1.89M(22.2%)
MAIN DESTINATION (September 2024)United States$15.1M

This section shows Metalworking Transfer 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 Metalworking Transfer Machines 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)$591M
IMPORTS (2022)$137M
NET TRADE (2022)$454M

In 2022, South Korea exported $591M in Metalworking Transfer Machines. The main destinations of South Korea exports on Metalworking Transfer Machines were United States ($164M), Italy ($80.4M), China ($60.5M), India ($56.6M), and Germany ($46.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$49M (42.8%)
India$23M (68.5%)
Germany$14.2M (44.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY South Korea WERE (2021 - 2022):
China-$38.3M (-38.8%)
Russia-$7.67M (-60.4%)
Estonia-$6.06M (-87.9%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Metalworking Transfer Machines were:
Japan $2.84B
Germany $1.79B
Chinese Taipei $1.13B
In 2022, South Korea's main importing competitors in Metalworking Transfer Machines were:
China $1.85B
United States $1.5B
Germany $559M

Explore Visualizations

Trade Value of Metalworking Transfer Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35.3M
TOP IMPORT POTENTIALChina+ $6.12M

Metalworking Transfer Machines’s highest export potential is China. With an export gap of $35.3M.   Metalworking Transfer Machines’s highest import potential is China with an import gap of $6.12M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms