Recreational Boats in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $7.98M in Recreational Boats, making it the 58th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 762nd most exported product in South Korea. The main destination of Recreational Boats exports from South Korea are: Russia ($3.07M), United States ($2M), Malaysia ($541k), Austria ($502k), and Georgia ($313k).

The fastest growing export markets for Recreational Boats of South Korea between 2021 and 2022 were Russia ($3.07M), Malaysia ($415k), and Georgia ($313k).

Imports In 2022, South Korea imported $37.9M in Recreational Boats, becoming the 48th largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 730th most imported product in South Korea. South Korea imports Recreational Boats primarily from: Mexico ($7.44M), United States ($6.8M), China ($5.24M), Italy ($4.16M), and France ($3.45M).

The fastest growing import markets in Recreational Boats for South Korea between 2021 and 2022 were Mexico ($2.23M), France ($1.25M), and Russia ($489k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Recreational Boats from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Recreational Boats exports accounted up to $193k and imports accounted up to $1.71M, resulting in a negative trade balance of $1.52M. Between February 2023 and February 2024 the exports of South Korea's Recreational Boats have decreased by $-674k (-77.7%) from $867k to $193k, while imports decreased by $-1.11M (-39.4%) from $2.82M to $1.71M.

Destinations In February 2024, Recreational Boats were exported mostly to Kyrgyzstan ($70k), Kazakhstan ($46k), United States ($34k), Vietnam ($22k), and Maldives ($11k), and were imported mostly from Mexico ($622k), France ($509k), Finland ($287k), Japan ($180k), and Turkey ($72k).

Growth In February 2024, the decrease in Recreational Boats's year-by-year exports was explained primarily by a decrease in exports to United States ($-321k or -91.7%). In February 2024, the decrease in Recreational Boats's year-by-year imports was explained primarily by a decrease in imports from United States ($-901k or -65%), France ($-183k or -40%), and Belgium ($-142k or -65.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-674k(-77.7%)

IMPORT GROWTH (February 2023 - February 2024)$-1.11M(-39.4%)

MAIN DESTINATION (February 2024)Kyrgyzstan$70k

This section shows Recreational Boats'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 Recreational Boats over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$7.98M

IMPORTS (2022)$37.9M

NET TRADE (2022)-$29.9M

In 2022, South Korea exported $7.98M in Recreational Boats. The main destinations of South Korea exports on Recreational Boats were Russia ($3.07M), United States ($2M), Malaysia ($541k), Austria ($502k), and Georgia ($313k).

In 2022, South Korea imported $37.9M in Recreational Boats, mainly from Mexico ($7.44M), United States ($6.8M), China ($5.24M), Italy ($4.16M), and France ($3.45M).

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