2023
Exports
$3.04BWorld Rnk 4 / 121
Flag Rnk 30 / 1188
2023
PRODUCT COMPLEXITY IN Passenger and Cargo Ships
-0.44Rnk 679 / 1025
2023
Imports
$613MWorld Rnk 20 / 183
Flag Rnk 140 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $3.04B in Passenger and Cargo Ships, making it the 4th largest exporter of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 30th most exported product in South Korea. The main destination of Passenger and Cargo Ships exports from South Korea are: France ($1.31B), Germany ($304M), Belgium ($280M), Italy ($244M), and Poland ($162M).

The fastest growing export markets for Passenger and Cargo Ships of South Korea between 2022 and 2023 were Italy ($244M), Belgium ($187M), and Turkey ($129M).

Imports In 2023, South Korea imported $613M in Passenger and Cargo Ships, becoming the 20th largest importer of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 140th most imported product in South Korea. South Korea imports Passenger and Cargo Ships primarily from: China ($393M), Chinese Taipei ($106M), Denmark ($61.3M), Japan ($37.7M), and Norway ($15M).

The fastest growing import markets in Passenger and Cargo Ships for South Korea between 2022 and 2023 were Chinese Taipei ($101M), Denmark ($61.3M), and Norway ($15M).

COMPANIES In 2024, leading companies such as Hongkong Xin Jie Technology (1) were at the forefront of shipping Passenger and Cargo Ships from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$481M(31%)
IMPORT GROWTH (December 2023 - December 2024)$459M(334%)
MAIN DESTINATION (December 2024)Liberia$750M

This section shows Passenger and Cargo Ships'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 Passenger and Cargo Ships over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.04B
IMPORTS (2023)$613M
NET TRADE (2023)$2.43B

In 2023, South Korea exported $3.04B in Passenger and Cargo Ships. The main destinations of South Korea exports on Passenger and Cargo Ships were France ($1.31B), Germany ($304M), Belgium ($280M), Italy ($244M), and Poland ($162M).

In 2023, South Korea imported $613M in Passenger and Cargo Ships, mainly from China ($393M), Chinese Taipei ($106M), Denmark ($61.3M), Japan ($37.7M), and Norway ($15M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Italy$244M (1%)
Belgium$187M (199%)
Turkey$129M (579%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY South Korea WERE (2022 - 2023):
Liberia-$4.16B (-100%)
Marshall Islands-$3.24B (-100%)
Malta-$1.57B (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Passenger and Cargo Ships were:
China $18.1B
Japan $9.72B
Germany $3.54B
In 2023, South Korea's main importing competitors in Passenger and Cargo Ships were:

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Trade Value of Passenger and Cargo Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $56.1M
TOP IMPORT POTENTIALChina+ $72M

Passenger and Cargo Ships’s highest export potential is China. With an export gap of $56.1M.   Passenger and Cargo Ships’s highest import potential is China with an import gap of $72M.

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