2023
Exports
$18.1BWorld Rnk 4 / 222
Flag Rnk 4 / 1188
2023
PRODUCT COMPLEXITY IN Office Machine Parts
1.14Rnk 125 / 1025
2023
Imports
$4.73BWorld Rnk 15 / 226
Flag Rnk 14 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $18.1B in Office Machine Parts, making it the 4th largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 4th most exported product in South Korea. The main destination of Office Machine Parts exports from South Korea are: China ($5.03B), United States ($4.19B), Mexico ($2.49B), Hong Kong ($1.67B), and Chinese Taipei ($695M).

The fastest growing export markets for Office Machine Parts of South Korea between 2022 and 2023 were Poland ($383M), Philippines ($247M), and Czechia ($190M).

Imports In 2023, South Korea imported $4.73B in Office Machine Parts, becoming the 15th largest importer of Office Machine Parts in the world. At the same year, Office Machine Parts was the 14th most imported product in South Korea. South Korea imports Office Machine Parts primarily from: China ($2.87B), Hong Kong ($438M), United States ($401M), Chinese Taipei ($267M), and Singapore ($231M).

The fastest growing import markets in Office Machine Parts for South Korea between 2022 and 2023 were Hong Kong ($272M), United States ($140M), and Singapore ($47.2M).

COMPANIES In 2024, leading companies such as Vestas (2) and Goplus (1) were at the forefront of shipping Office Machine Parts from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$690M(40%)
IMPORT GROWTH (December 2023 - December 2024)$125M(27.4%)
MAIN DESTINATION (December 2024)United States$1.3B

This section shows Office Machine 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 Office Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$18.1B
IMPORTS (2023)$4.73B
NET TRADE (2023)$13.4B

In 2023, South Korea exported $18.1B in Office Machine Parts. The main destinations of South Korea exports on Office Machine Parts were China ($5.03B), United States ($4.19B), Mexico ($2.49B), Hong Kong ($1.67B), and Chinese Taipei ($695M).

In 2023, South Korea imported $4.73B in Office Machine Parts, mainly from China ($2.87B), Hong Kong ($438M), United States ($401M), Chinese Taipei ($267M), and Singapore ($231M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Office Machine Parts EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Poland$383M (471%)
Philippines$247M (137%)
Czechia$190M (200%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Office Machine Parts BY South Korea WERE (2022 - 2023):
United States-$3.64B (-46.5%)
Hong Kong-$818M (-32.9%)
Mexico-$792M (-24.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Office Machine Parts were:
In 2023, South Korea's main importing competitors in Office Machine Parts were:

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Trade Value of Office Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $597M
TOP IMPORT POTENTIALChina+ $440M

Office Machine Parts’s highest export potential is China. With an export gap of $597M.   Office Machine Parts’s highest import potential is China with an import gap of $440M.

See methodology.

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