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2022
Exports $8.95MWorld Rnk 23 / 158
Flag Rnk 744 / 1204
2022
Destination $1.89M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.89MHong Kong
2022
PRODUCT COMPLEXITY IN Other Floating Structures-0.48Rnk 693 / 1025
2022
Imports $63.3MWorld Rnk 3 / 215
Flag Rnk 622 / 1213
2022
Origin $38.9M China
2021 - 2022
FASTEST GROWING ORIGIN $38.9MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $8.95M in Other Floating Structures, making it the 23rd largest exporter of Other Floating Structures in the world. At the same year, Other Floating Structures was the 744th most exported product in South Korea. The main destination of Other Floating Structures exports from South Korea are: Hong Kong ($1.9M), Chinese Taipei ($1.43M), United States ($1.29M), Vietnam ($1.23M), and Senegal ($714k).

The fastest growing export markets for Other Floating Structures of South Korea between 2021 and 2022 were Hong Kong ($1.89M), United States ($1.13M), and Vietnam ($738k).

Imports In 2022, South Korea imported $63.3M in Other Floating Structures, becoming the 3rd largest importer of Other Floating Structures in the world. At the same year, Other Floating Structures was the 622nd most imported product in South Korea. South Korea imports Other Floating Structures primarily from: China ($41.5M), Germany ($6.31M), Spain ($5.67M), United States ($2.09M), and Thailand ($1.68M).

The fastest growing import markets in Other Floating Structures for South Korea between 2021 and 2022 were China ($38.9M), Germany ($6.09M), and Spain ($3.12M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Other Floating Structures exports accounted up to $604k and imports accounted up to $682k, resulting in a negative trade balance of $78k. Between October 2023 and October 2024 the exports of South Korea's   Other Floating Structures have increased by $162k (36.7%) from $442k to $604k, while imports increased by $120k (21.4%) from $562k to $682k.

Destinations In October 2024, Other Floating Structures were exported mostly to Thailand ($352k), Vietnam ($153k), United Kingdom ($20k), Russia ($19k), and China ($18k), and were imported mostly from China ($185k), Spain ($151k), United Kingdom ($119k), United States ($87k), and France ($39k).

Growth In October 2024, the increase in Other Floating Structures's year-by-year exports was explained primarily by an increase in exports to United States ($6k or 150%). In October 2024, the increase in Other Floating Structures's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($610k or 2.44k%), Spain ($186k or 6.2k%), and Norway ($76k or 158%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$162k(36.7%)
IMPORT GROWTH (October 2023 - October 2024)$120k(21.4%)
MAIN DESTINATION (October 2024)Thailand$352k

This section shows Other Floating Structures'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 Floating Structures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.95M
IMPORTS (2022)$63.3M
NET TRADE (2022)-$54.4M

In 2022, South Korea exported $8.95M in Other Floating Structures. The main destinations of South Korea exports on Other Floating Structures were Hong Kong ($1.9M), Chinese Taipei ($1.43M), United States ($1.29M), Vietnam ($1.23M), and Senegal ($714k).

In 2022, South Korea imported $63.3M in Other Floating Structures, mainly from China ($41.5M), Germany ($6.31M), Spain ($5.67M), United States ($2.09M), and Thailand ($1.68M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Floating Structures EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$1.89M (89.2k%)
United States$1.13M (729%)
Vietnam$738k (150%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Floating Structures BY South Korea WERE (2021 - 2022):
Chinese Taipei-$903k (-38.7%)
Malaysia-$351k (-86.8%)
Thailand-$285k (-92.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Other Floating Structures were:
China $242M
United Kingdom $154M
United States $153M
In 2022, South Korea's main importing competitors in Other Floating Structures were:
United States $127M
Brazil $68.2M

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Trade Value of Other Floating Structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $448k
TOP IMPORT POTENTIALChina+ $1.38M

Other Floating Structures’s highest export potential is United States. With an export gap of $448k.   Other Floating Structures’s highest import potential is China with an import gap of $1.38M.

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