2021
Exports | Imports
$18B | $6.13BWorld Rnk 5 / 226
Flag Rnk 5 / 1206
World Rnk 11 / 225
Flag Rnk 12 / 1211
2021
ECONOMIC COMPLEXITY of South Korea
1.82Rnk 4 / 131
2021
PRODUCT COMPLEXITY IN Office Machine Parts
1.3Rnk 94 / 1024

About

Exports In 2021, South Korea exported $18B in Office Machine Parts, making it the 5th largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 5th most exported product in South Korea. The main destination of Office Machine Parts exports from South Korea are: United States ($7.59B), China ($3.65B), Hong Kong ($2.22B), Germany ($968M), and Mexico ($769M).

The fastest growing export markets for Office Machine Parts of South Korea between 2020 and 2021 were United States ($1.57B), Mexico ($342M), and Hong Kong ($287M).

Imports In 2021, South Korea imported $6.13B in Office Machine Parts, becoming the 11th largest importer of Office Machine Parts in the world. At the same year, Office Machine Parts was the 12th most imported product in South Korea. South Korea imports Office Machine Parts primarily from: China ($3.74B), Vietnam ($642M), Chinese Taipei ($278M), United States ($269M), and Thailand ($255M).

The fastest growing import markets in Office Machine Parts for South Korea between 2020 and 2021 were China ($181M), Chinese Taipei ($67.5M), and Thailand ($61.7M).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$638M(58.7%)
IMPORT GROWTH (December 2022 - December 2023)$70.9M(18.4%)
MAIN DESTINATION (December 2023)United States$947M

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 (2021)$18B
IMPORTS (2021)$6.13B
NET TRADE (2021)$11.9B

In 2021, South Korea exported $18B in Office Machine Parts. The main destinations of South Korea exports on Office Machine Parts were United States ($7.59B), China ($3.65B), Hong Kong ($2.22B), Germany ($968M), and Mexico ($769M).

In 2021, South Korea imported $6.13B in Office Machine Parts, mainly from China ($3.74B), Vietnam ($642M), Chinese Taipei ($278M), United States ($269M), and Thailand ($255M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Office Machine Parts EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
United States$1.57B (26.1%)
Mexico$342M (80%)
Hong Kong$287M (14.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Office Machine Parts BY South Korea WERE (2020 - 2021):
China-$107M (-2.85%)
Netherlands-$85.8M (-34.3%)
Vietnam-$79.2M (-42.6%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, South Korea's main exporting competitors in Office Machine Parts were:
In 2021, South Korea's main importing competitors in Office Machine Parts were:

Explore Visualizations

Trade Value of Office Machine Parts by Exporters

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