Ships, boats, & floating structures in South Korea 2021 Exports | Imports : $23.2B | $2.7B, World Rnk 1 / 203 Rnk 9 / 96 | World Rnk 14 / 223 Rnk 30 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.5B | $617M, Mozambique | China
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Ships, boats, & floating structures: 0.15, Rnk 499 / 1029
Exports In 2021, South Korea exported $23.2B in Ships, boats, & floating structures, making it the 1st largest exporter of Ships, boats, & floating structures in the world. At the same year, Ships, boats, & floating structures was the 9th most exported product in South Korea. The main destination of Ships, boats, & floating structures exports from South Korea are: Marshall Islands ($3.45B), Malta ($2.94B), Mozambique ($2.5B), Liberia ($1.98B), and United States ($1.68B).
The fastest growing export markets for Ships, boats, & floating structures of South Korea between 2020 and 2021 were Mozambique ($2.5B), United States ($1.68B), and Greece ($1.04B).
Imports In 2021, South Korea imported $2.7B in Ships, boats, & floating structures, becoming the 14th largest importer of Ships, boats, & floating structures in the world. At the same year, Ships, boats, & floating structures was the 30th most imported product in South Korea. South Korea imports Ships, boats, & floating structures primarily from: China ($1.08B), Marshall Islands ($260M), Costa Rica ($224M), Japan ($197M), and United States ($111M).
The fastest growing import markets in Ships, boats, & floating structures for South Korea between 2020 and 2021 were China ($617M), Marshall Islands ($260M), and Costa Rica ($224M).
Tariffs In 2018, the average tariff for South Korea in Ships, boats, & floating structures was 2.23%. The countries with the highest import tariffs for Ships, boats, & floating structures were Botswana (Most Favoured Nation duty rate treatment, 3.57%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 3.57%), Cameroon (Most Favoured Nation duty rate treatment, 3.57%), Republic of the Congo (Most Favoured Nation duty rate treatment, 3.57%), and Cape Verde (Most Favoured Nation duty rate treatment, 3.57%).
April 2023
Overview In April 2023 South Korea's Ships, boats, & floating structures exports accounted up to $1.5B and imports accounted up to $17.5M, resulting in a positive trade balance of $1.48B. Between April 2022 and April 2023 the exports of South Korea's Ships, boats, & floating structures have increased by $574M (61.9%) from $927M to $1.5B, while imports decreased by $-164M (-90.4%) from $182M to $17.5M.
Destinations In April 2023, Ships, boats, & floating structures were exported mostly to Marshall Islands ($480M), Singapore ($318M), Liberia ($314M), France ($187M), and Italy ($89.6M), and were imported mostly from Japan ($9.79M), Mexico ($2.7M), Norway ($1.28M), United States ($1.23M), and China ($1.01M).
Growth In April 2023, the increase in Ships, boats, & floating structures's year-by-year exports was explained primarily by an increase in exports to Singapore ($103M or 258%). In April 2023, the decrease in Ships, boats, & floating structures's year-by-year imports was explained primarily by a decrease in imports from China ($-71.3M or -43.6%), Chinese Taipei ($-6.12M or -100%), and Russia ($-1.94M or -97%).
EXPORT GROWTH (April 2022 - April 2023): $574M, (61.9%)
IMPORT GROWTH (April 2022 - April 2023): $-164M, (-90.4%)
MAIN DESTINATION (April 2023): Marshall Islands, $480M
This section shows Ships, boats, & 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 Ships, boats, & floating structures over time.
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EXPORTS (2021): $23.2B
IMPORTS (2021): $2.7B
NET TRADE (2021): $20.5B
In 2021, South Korea exported $23.2B in Ships, boats, & floating structures. The main destinations of South Korea exports on Ships, boats, & floating structures were Marshall Islands ($3.45B), Malta ($2.94B), Mozambique ($2.5B), Liberia ($1.98B), and United States ($1.68B).
In 2021, South Korea imported $2.7B in Ships, boats, & floating structures, mainly from China ($1.08B), Marshall Islands ($260M), Costa Rica ($224M), Japan ($197M), and United States ($111M).
THE FASTEST GROWING Ships, boats, & floating structures EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ships, boats, & floating structures BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Ships, boats, & floating structures were:
In 2021, South Korea's main importing competitors in Ships, boats, & floating structures were:
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