HS Icon Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof in  Flag South Korea

2020
Exports | Imports
: $70B | $44.7B, World Rnk 7 / 226
Flag Rnk 2 / 96 | World Rnk 11 / 226
Flag Rnk 3 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.64B | $802M, United States |  China

2020
ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127

2020
PRODUCT COMPLEXITY  IN Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
: 2.55, Rnk 1 / 1029

Exports In 2020, South Korea exported $70B in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof, making it the 7th largest exporter of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof in the world. At the same year, Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof was the 2nd most exported product in South Korea. The main destination of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof exports from South Korea are: United States ($16.8B), China ($16.3B), Vietnam ($3.1B), Japan ($3.07B), and Hong Kong ($2.49B).

The fastest growing export markets for Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof of South Korea between 2019 and 2020 were United States ($1.64B), Hong Kong ($582M), and Kazakhstan ($408M).

Imports In 2020, South Korea imported $44.7B in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof, becoming the 11th largest importer of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof in the world. At the same year, Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof was the 3rd most imported product in South Korea. South Korea imports Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof primarily from: China ($15.3B), Japan ($7.08B), United States ($4.63B), Germany ($3.44B), and Vietnam ($2.06B).

The fastest growing import markets in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof for South Korea between 2019 and 2020 were China ($802M), Vietnam ($785M), and Japan ($257M).

Tariffs In 2018, the average tariff for South Korea in Nuclear reactors, boilers, machinery and mechanical appliances; parts... was 4.09%. The countries with the highest import tariffs for Nuclear reactors, boilers, machinery and mechanical appliances; parts... were Cameroon (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Algeria (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Egypt (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Ghana (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), and Libya (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%).

November 2022

Subnational Monthly Trade

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EXPORT GROWTH (November 2021 - November 2022): $-1.37B, (-20.2%)

IMPORT GROWTH (November 2021 - November 2022): $150M, (2.75%)

MAIN DESTINATION (November 2022): United States, $1.35B

This section shows Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof'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 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof over time.

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Historical Data

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EXPORTS (2020): $70B

IMPORTS (2020): $44.7B

NET TRADE (2020): $25.3B

In 2020, South Korea exported $70B in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. The main destinations of South Korea exports on Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were United States ($16.8B), China ($16.3B), Vietnam ($3.1B), Japan ($3.07B), and Hong Kong ($2.49B).

In 2020, South Korea imported $44.7B in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof, mainly from China ($15.3B), Japan ($7.08B), United States ($4.63B), Germany ($3.44B), and Vietnam ($2.06B).

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Flow

THE FASTEST GROWING Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof EXPORT MARKETS FOR South Korea WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof BY South Korea WERE (2019 - 2020):

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Market Concentration

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In 2020, South Korea's main exporting competitors in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were:

In 2020, South Korea's main importing competitors in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were:

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