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2022
Exports $56.9MWorld Rnk 34 / 168
Flag Rnk 465 / 1204
2022
Destination $7.4M Japan
2021 - 2022
FASTEST GROWING MARKET $7.4MJapan
2022
PRODUCT COMPLEXITY IN Prefabricated Buildings0.1Rnk 522 / 1025
2022
Imports $29.1MWorld Rnk 64 / 221
Flag Rnk 775 / 1213
2022
Origin $3.43M China
2021 - 2022
FASTEST GROWING ORIGIN $3.43MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $56.9M in Prefabricated Buildings, making it the 34th largest exporter of Prefabricated Buildings in the world. At the same year, Prefabricated Buildings was the 465th most exported product in South Korea. The main destination of Prefabricated Buildings exports from South Korea are: Japan ($14.2M), Philippines ($7.18M), Malaysia ($6.49M), Indonesia ($5.91M), and United States ($4.06M).

The fastest growing export markets for Prefabricated Buildings of South Korea between 2021 and 2022 were Japan ($7.4M), Malaysia ($5.27M), and Indonesia ($2.93M).

Imports In 2022, South Korea imported $29.1M in Prefabricated Buildings, becoming the 64th largest importer of Prefabricated Buildings in the world. At the same year, Prefabricated Buildings was the 775th most imported product in South Korea. South Korea imports Prefabricated Buildings primarily from: China ($13.4M), United States ($3.85M), Netherlands ($3.78M), Finland ($2.25M), and Israel ($1.66M).

The fastest growing import markets in Prefabricated Buildings for South Korea between 2021 and 2022 were China ($3.43M), Netherlands ($3.37M), and Finland ($2.22M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Prefabricated Buildings exports accounted up to $6.39M and imports accounted up to $2.7M, resulting in a positive trade balance of $3.69M. Between July 2023 and July 2024 the exports of South Korea's   Prefabricated Buildings have increased by $3.57M (127%) from $2.82M to $6.39M, while imports increased by $1.56M (138%) from $1.13M to $2.7M.

Destinations In July 2024, Prefabricated Buildings were exported mostly to United States ($1.82M), Indonesia ($1.63M), Japan ($1.09M), Russia ($578k), and India ($568k), and were imported mostly from China ($2.58M), Australia ($63k), Turkey ($30k), Japan ($17k), and Vietnam ($1k).

Growth In July 2024, the increase in Prefabricated Buildings's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($3.68M or 9.45k%) and Romania ($17k or 340%). In July 2024, the increase in Prefabricated Buildings's year-by-year imports was explained primarily by an increase in imports from Japan ($82k or 631%) and United States ($72k or 176%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$3.57M(127%)
IMPORT GROWTH (July 2023 - July 2024)$1.56M(138%)
MAIN DESTINATION (July 2024)United States$1.82M

This section shows Prefabricated Buildings'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 Prefabricated Buildings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$56.9M
IMPORTS (2022)$29.1M
NET TRADE (2022)$27.7M

In 2022, South Korea exported $56.9M in Prefabricated Buildings. The main destinations of South Korea exports on Prefabricated Buildings were Japan ($14.2M), Philippines ($7.18M), Malaysia ($6.49M), Indonesia ($5.91M), and United States ($4.06M).

In 2022, South Korea imported $29.1M in Prefabricated Buildings, mainly from China ($13.4M), United States ($3.85M), Netherlands ($3.78M), Finland ($2.25M), and Israel ($1.66M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prefabricated Buildings EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$7.4M (108%)
Malaysia$5.27M (429%)
Indonesia$2.93M (98.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prefabricated Buildings BY South Korea WERE (2021 - 2022):
Uzbekistan-$28.4M (-96.5%)
United States-$12.3M (-75.2%)
United Kingdom-$3.08M (-98.5%)
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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 Prefabricated Buildings were:
China $2.73B
Czechia $635M
Estonia $601M
In 2022, South Korea's main importing competitors in Prefabricated Buildings were:
Germany $1.54B
United States $816M
France $605M

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Trade Value of Prefabricated Buildings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.89M
TOP IMPORT POTENTIALChina+ $7.85M

Prefabricated Buildings’s highest export potential is United States. With an export gap of $2.89M.   Prefabricated Buildings’s highest import potential is China with an import gap of $7.85M.

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