2022
Exports
$9.42MWorld Rnk 27 / 153
Flag Rnk 738 / 1204
2022
PRODUCT COMPLEXITY IN Mill Machinery
0.2Rnk 485 / 1025
2022
Imports
$15.6MWorld Rnk 49 / 202
Flag Rnk 874 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $9.42M in Mill Machinery, making it the 27th largest exporter of Mill Machinery in the world. At the same year, Mill Machinery was the 738th most exported product in South Korea. The main destination of Mill Machinery exports from South Korea are: India ($3.83M), United States ($1.16M), Thailand ($685k), Philippines ($560k), and Russia ($451k).

The fastest growing export markets for Mill Machinery of South Korea between 2021 and 2022 were Thailand ($263k), Rwanda ($188k), and Chinese Taipei ($180k).

Imports In 2022, South Korea imported $15.6M in Mill Machinery, becoming the 49th largest importer of Mill Machinery in the world. At the same year, Mill Machinery was the 874th most imported product in South Korea. South Korea imports Mill Machinery primarily from: China ($5.19M), Spain ($2.75M), Japan ($1.68M), United States ($1.06M), and Chinese Taipei ($935k).

The fastest growing import markets in Mill Machinery for South Korea between 2021 and 2022 were China ($1.7M), Spain ($1.11M), and Switzerland ($543k).

COMPANIES In 2023, leading companies such as Mahle Behr (1) were at the forefront of shipping Mill Machinery from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-50k(-7.5%)
IMPORT GROWTH (July 2023 - July 2024)$422k(106%)
MAIN DESTINATION (July 2024)Chinese Taipei$147k

This section shows Mill Machinery'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 Mill Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.42M
IMPORTS (2022)$15.6M
NET TRADE (2022)-$6.14M

In 2022, South Korea exported $9.42M in Mill Machinery. The main destinations of South Korea exports on Mill Machinery were India ($3.83M), United States ($1.16M), Thailand ($685k), Philippines ($560k), and Russia ($451k).

In 2022, South Korea imported $15.6M in Mill Machinery, mainly from China ($5.19M), Spain ($2.75M), Japan ($1.68M), United States ($1.06M), and Chinese Taipei ($935k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mill Machinery EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Thailand$263k (62.3%)
Rwanda$188k (1%)
Chinese Taipei$180k (73.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mill Machinery BY South Korea WERE (2021 - 2022):
United States-$1.34M (-53.5%)
India-$1.26M (-24.8%)
Malaysia-$1.17M (-87.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Mill Machinery were:
China $609M
Italy $195M
In 2022, South Korea's main importing competitors in Mill Machinery were:

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Trade Value of Mill Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $494k
TOP IMPORT POTENTIALChina+ $2.63M

Mill Machinery’s highest export potential is United States. With an export gap of $494k.   Mill Machinery’s highest import potential is China with an import gap of $2.63M.

See methodology.

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