Metalworking Transfer Machines in South Korea 2020 Exports | Imports : $367M | $141M, World Rnk 6 / 84 Rnk 168 / 1207 | World Rnk 14 / 166 Rnk 380 / 1211
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $16.2M | $3.37M, Indonesia | Italy
2020 ECONOMIC COMPLEXITY of South Korea: 1.88, Rnk 5 / 127
2020 PRODUCT COMPLEXITY IN Metalworking Transfer Machines: 2.55, Rnk 1 / 1029
Exports In 2020, South Korea exported $367M in Metalworking Transfer Machines, making it the 6th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 168th most exported product in South Korea. The main destination of Metalworking Transfer Machines exports from South Korea are: United States ($92.7M), China ($58.7M), India ($34.2M), Vietnam ($29.6M), and Germany ($28.6M).
The fastest growing export markets for Metalworking Transfer Machines of South Korea between 2019 and 2020 were Indonesia ($16.2M), Turkey ($6.44M), and Canada ($1.52M).
Imports In 2020, South Korea imported $141M in Metalworking Transfer Machines, becoming the 14th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 380th most imported product in South Korea. South Korea imports Metalworking Transfer Machines primarily from: Japan ($75M), Germany ($21.5M), Chinese Taipei ($20.3M), China ($7.54M), and United States ($5.29M).
The fastest growing import markets in Metalworking Transfer Machines for South Korea between 2019 and 2020 were Italy ($3.37M), China ($1.46M), and Austria ($1.45M).
Tariffs In 2018, the average tariff for South Korea in Metalworking Transfer Machines was 5.01%. The countries with the highest import tariffs for Metalworking Transfer Machines 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%).
Overview In January 2023 South Korea's Metalworking Transfer Machines exports accounted up to $46.8M and imports accounted up to $6.01M, resulting in a positive trade balance of $40.8M. Between January 2022 and January 2023 the exports of South Korea's Metalworking Transfer Machines have decreased by $-6.41M (-12%) from $53.2M to $46.8M, while imports decreased by $-882k (-12.8%) from $6.89M to $6.01M.
Destinations In January 2023, Metalworking Transfer Machines were exported mostly to United States ($15.2M), Italy ($8.34M), Germany ($4.58M), India ($3.85M), and China ($2.66M), and were imported mostly from Japan ($3.87M), Germany ($2.04M), China ($102k), Tunisia ($0), and United Arab Emirates ($0).
Growth In January 2023, the decrease in Metalworking Transfer Machines's year-by-year exports was explained primarily by a decrease in exports to China ($-2.31M or -40%), Germany ($-2.16M or -80.3%), and Philippines ($-92k or -53.5%). In January 2023, the decrease in Metalworking Transfer Machines's year-by-year imports was explained primarily by a decrease in imports from Italy ($-2.51M or -100%), Japan ($-1.66M or -30.5%), and China ($-677k or -75.6%).
EXPORT GROWTH (January 2022 - January 2023): $-6.41M, (-12%)
IMPORT GROWTH (January 2022 - January 2023): $-882k, (-12.8%)
MAIN DESTINATION (January 2023): United States, $15.2M
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.
EXPORTS (2020): $367M
IMPORTS (2020): $141M
NET TRADE (2020): $226M
In 2020, South Korea exported $367M in Metalworking Transfer Machines. The main destinations of South Korea exports on Metalworking Transfer Machines were United States ($92.7M), China ($58.7M), India ($34.2M), Vietnam ($29.6M), and Germany ($28.6M).
In 2020, South Korea imported $141M in Metalworking Transfer Machines, mainly from Japan ($75M), Germany ($21.5M), Chinese Taipei ($20.3M), China ($7.54M), and United States ($5.29M).
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR South Korea WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY South Korea WERE (2019 - 2020):
In 2020, South Korea's main exporting competitors in Metalworking Transfer Machines were:
In 2020, South Korea's main importing competitors in Metalworking Transfer Machines were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb