HS Icon Other Electrical Machinery in  Flag South Korea

2019
Exports | Imports
: $1.37B | $1.39B, World Rnk 8 / 214
Flag Rnk 72 / 1200 | World Rnk 10 / 223
Flag Rnk 59 / 1209

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $89.6M | $39.9M, Japan |  China

2019
ECONOMIC COMPLEXITY of South Korea
: 1.9, Rnk 5 / 147

2019
PRODUCT COMPLEXITY  IN Other Electrical Machinery
: 1.41, Rnk 64 / 1029

Exports In 2019, South Korea exported $1.37B in Other Electrical Machinery, making it the 8th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 72nd most exported product in South Korea. The main destination of Other Electrical Machinery exports from South Korea are: China ($334M), Japan ($232M), United States ($155M), Vietnam ($115M), and Hong Kong ($88.4M).

The fastest growing export markets for Other Electrical Machinery of South Korea between 2018 and 2019 were Japan ($89.6M), China ($67.9M), and Hungary ($15.6M).

Imports In 2019, South Korea imported $1.39B in Other Electrical Machinery, becoming the 10th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 59th most imported product in South Korea. South Korea imports Other Electrical Machinery primarily from: China ($495M), Japan ($279M), United States ($213M), Germany ($77.5M), and Malaysia ($77.4M).

The fastest growing import markets in Other Electrical Machinery for South Korea between 2018 and 2019 were China ($39.9M), Germany ($10.4M), and Spain ($4.58M).

Tariffs In 2018, the average tariff for South Korea in Other Electrical Machinery was 4.74%. The countries with the highest import tariffs for Other Electrical Machinery were Botswana (Most Favoured Nation duty rate treatement, 7.59%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 7.59%), Cameroon (Most Favoured Nation duty rate treatement, 7.59%), Republic of the Congo (Most Favoured Nation duty rate treatement, 7.59%), and Cape Verde (Most Favoured Nation duty rate treatement, 7.59%).

June 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2020 - June 2021): $-5.3M, (-4.51%)

IMPORT GROWTH (June 2020 - June 2021): $28.9M, (20.4%)

MAIN DESTINATION (June 2021): China, $43.3M

This section shows Other Electrical 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 Other Electrical Machinery over time.

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Historical Data

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EXPORTS (2019): $1.37B

IMPORTS (2019): $1.39B

NET TRADE (2019): -$22.5M

In 2019, South Korea exported $1.37B in Other Electrical Machinery. The main destinations of South Korea exports on Other Electrical Machinery were China ($334M), Japan ($232M), United States ($155M), Vietnam ($115M), and Hong Kong ($88.4M).

In 2019, South Korea imported $1.39B in Other Electrical Machinery, mainly from China ($495M), Japan ($279M), United States ($213M), Germany ($77.5M), and Malaysia ($77.4M).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Other Electrical Machinery WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Other Electrical Machinery WITH:

Flow

THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY South Korea WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2019, South Korea's main exporting competitors in Other Electrical Machinery were:

In 2019, South Korea's main importing competitors in Other Electrical Machinery were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Other Electrical Machinery was 4.74%.

The countries with the highest tariffs for Other Electrical Machinery in South Korea were Botswana (Most Favoured Nation duty rate treatement, 7.59%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 7.59%), Cameroon (Most Favoured Nation duty rate treatement, 7.59%), Republic of the Congo (Most Favoured Nation duty rate treatement, 7.59%), and Cape Verde (Most Favoured Nation duty rate treatement, 7.59%).