2023
Exports
$138MWorld Rnk 5 / 148
Flag Rnk 304 / 1188
2023
PRODUCT COMPLEXITY IN Rolling Machines
1.88Rnk 5 / 1025
2023
Imports
$36.4MWorld Rnk 7 / 203
Flag Rnk 689 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $138M in Rolling Machines, making it the 5th largest exporter of Rolling Machines in the world. At the same year, Rolling Machines was the 304th most exported product in South Korea. The main destination of Rolling Machines exports from South Korea are: China ($88.7M), United States ($23.2M), Norway ($4.16M), Germany ($4.15M), and Japan ($3.5M).

The fastest growing export markets for Rolling Machines of South Korea between 2022 and 2023 were United States ($19.6M), Norway ($4.16M), and Germany ($2.82M).

Imports In 2023, South Korea imported $36.4M in Rolling Machines, becoming the 7th largest importer of Rolling Machines in the world. At the same year, Rolling Machines was the 689th most imported product in South Korea. South Korea imports Rolling Machines primarily from: Japan ($10.7M), China ($8.95M), Italy ($7.44M), Germany ($7.24M), and United States ($856k).

The fastest growing import markets in Rolling Machines for South Korea between 2022 and 2023 were Italy ($6.06M), Germany ($5.55M), and United States ($697k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1.15M(14.5%)
IMPORT GROWTH (December 2023 - December 2024)$716k(42.8%)
MAIN DESTINATION (December 2024)United States$6.92M

This section shows Rolling Machines'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 Rolling Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$138M
IMPORTS (2023)$36.4M
NET TRADE (2023)$102M

In 2023, South Korea exported $138M in Rolling Machines. The main destinations of South Korea exports on Rolling Machines were China ($88.7M), United States ($23.2M), Norway ($4.16M), Germany ($4.15M), and Japan ($3.5M).

In 2023, South Korea imported $36.4M in Rolling Machines, mainly from Japan ($10.7M), China ($8.95M), Italy ($7.44M), Germany ($7.24M), and United States ($856k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rolling Machines EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$19.6M (557%)
Norway$4.16M (594k%)
Germany$2.82M (213%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rolling Machines BY South Korea WERE (2022 - 2023):
China-$93.2M (-51.3%)
Poland-$22.3M (-90.3%)
Vietnam-$10.1M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Rolling Machines were:
In 2023, South Korea's main importing competitors in Rolling Machines were:

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Trade Value of Rolling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.82M
TOP IMPORT POTENTIALChina+ $2.18M

Rolling Machines’s highest export potential is United States. With an export gap of $2.82M.   Rolling Machines’s highest import potential is China with an import gap of $2.18M.

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