Ships, boats, & floating structures in South Korea 2020 Exports | Imports : $23.2B | $1.8B, World Rnk 1 / 199 Rnk 6 / 96 | World Rnk 22 / 223 Rnk 37 / 96
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $3.65B | $390M, Malaysia | China
2020 ECONOMIC COMPLEXITY of South Korea: 1.88, Rnk 5 / 127
2020 PRODUCT COMPLEXITY IN Ships, boats, & floating structures: 0.11, Rnk 512 / 1029
Exports In 2020, 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 6th most exported product in South Korea. The main destination of Ships, boats, & floating structures exports from South Korea are: Marshall Islands ($4.82B), Malaysia ($3.92B), Liberia ($2.12B), Malta ($1.96B), and Bermuda ($1.24B).
The fastest growing export markets for Ships, boats, & floating structures of South Korea between 2019 and 2020 were Malaysia ($3.65B), Malta ($1.6B), and Marshall Islands ($1.39B).
Imports In 2020, South Korea imported $1.8B in Ships, boats, & floating structures, becoming the 22nd largest importer of Ships, boats, & floating structures in the world. At the same year, Ships, boats, & floating structures was the 37th most imported product in South Korea. South Korea imports Ships, boats, & floating structures primarily from: China ($1.03B), Japan ($143M), Saudi Arabia ($106M), Panama ($99.6M), and Qatar ($66.9M).
The fastest growing import markets in Ships, boats, & floating structures for South Korea between 2019 and 2020 were China ($390M), Saudi Arabia ($106M), and Japan ($83.1M).
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 treatement, 3.57%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 3.57%), Cameroon (Most Favoured Nation duty rate treatement, 3.57%), Republic of the Congo (Most Favoured Nation duty rate treatement, 3.57%), and Cape Verde (Most Favoured Nation duty rate treatement, 3.57%).
January 2023
Overview In January 2023 South Korea's Ships, boats, & floating structures exports accounted up to $280k and imports accounted up to $1.51M, resulting in a negative trade balance of $1.23M. Between December 2020 and January 2023 the exports of South Korea's Ships, boats, & floating structures have decreased by $-2.7B (-100%) from $2.7B to $280k, while imports decreased by $-196M (-99.2%) from $198M to $1.51M.
Destinations In January 2023, Ships, boats, & floating structures were exported mostly to Marshall Islands ($556M), Liberia ($265M), Singapore ($207M), France ($186M), and Burma ($48.2M), and were imported mostly from Australia ($50.5M), China ($16.7M), Japan ($11.7M), Mexico ($1.68M), and France ($1.58M).
Growth In January 2023, the decrease in Ships, boats, & floating structures's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.74B or -100%), Liberia ($-337M or -100%), and Philippines ($-168M or -100%). In January 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 (December 2020 - January 2023): $-2.7B, (-100%)
IMPORT GROWTH (December 2020 - January 2023): $-196M, (-99.2%)
MAIN DESTINATION (January 2023): Marshall Islands, $556M
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 (2020): $23.2B
IMPORTS (2020): $1.8B
NET TRADE (2020): $21.4B
In 2020, 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 ($4.82B), Malaysia ($3.92B), Liberia ($2.12B), Malta ($1.96B), and Bermuda ($1.24B).
In 2020, South Korea imported $1.8B in Ships, boats, & floating structures, mainly from China ($1.03B), Japan ($143M), Saudi Arabia ($106M), Panama ($99.6M), and Qatar ($66.9M).
THE FASTEST GROWING Ships, boats, & floating structures EXPORT MARKETS FOR South Korea WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ships, boats, & floating structures BY South Korea WERE (2019 - 2020):
In 2020, South Korea's main exporting competitors in Ships, boats, & floating structures were:
In 2020, South Korea's main importing competitors in Ships, boats, & floating structures were:
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