2022
Exports
$7.36BWorld Rnk 1 / 101
Flag Rnk 15 / 1204
2022
PRODUCT COMPLEXITY IN Special Purpose Ships
-1.27Rnk 902 / 1025
2022
Imports
$20.5MWorld Rnk 51 / 174
Flag Rnk 827 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.36B in Special Purpose Ships, making it the 1st largest exporter of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 15th most exported product in South Korea. The main destination of Special Purpose Ships exports from South Korea are: Mozambique ($4.45B), India ($1.96B), Panama ($346M), Turkey ($197M), and United States ($196M).

The fastest growing export markets for Special Purpose Ships of South Korea between 2021 and 2022 were India ($1.96B), Mozambique ($1.95B), and Panama ($346M).

Imports In 2022, South Korea imported $20.5M in Special Purpose Ships, becoming the 51st largest importer of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 827th most imported product in South Korea. South Korea imports Special Purpose Ships primarily from: Japan ($12.9M), Iraq ($6.29M), China ($803k), Hong Kong ($366k), and United States ($152k).

The fastest growing import markets in Special Purpose Ships for South Korea between 2021 and 2022 were Japan ($7.24M), Iraq ($6.29M), and China ($802k).

COMPANIES In 2023, leading companies such as LG Electronics (35), General Motors (18), and Samsung (14) were at the forefront of shipping Special Purpose Ships from South Korea to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - August 2024)$-352M(-100%)
IMPORT GROWTH (June 2023 - August 2024)$-3.52M(-89.6%)
MAIN DESTINATION (August 2024)Singapore$2k

This section shows Special Purpose Ships'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 Special Purpose Ships over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.36B
IMPORTS (2022)$20.5M
NET TRADE (2022)$7.34B

In 2022, South Korea exported $7.36B in Special Purpose Ships. The main destinations of South Korea exports on Special Purpose Ships were Mozambique ($4.45B), India ($1.96B), Panama ($346M), Turkey ($197M), and United States ($196M).

In 2022, South Korea imported $20.5M in Special Purpose Ships, mainly from Japan ($12.9M), Iraq ($6.29M), China ($803k), Hong Kong ($366k), and United States ($152k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Purpose Ships EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$1.96B (1%)
Mozambique$1.95B (78.2%)
Panama$346M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Purpose Ships BY South Korea WERE (2021 - 2022):
United States-$1.43B (-87.9%)
Kenya-$288M (-100%)
Brazil-$173M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Special Purpose Ships were:
China $6.67B
In 2022, South Korea's main importing competitors in Special Purpose Ships were:

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Trade Value of Special Purpose Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $5.7M
TOP IMPORT POTENTIALChina+ $1.35M

Special Purpose Ships’s highest export potential is Indonesia. With an export gap of $5.7M.   Special Purpose Ships’s highest import potential is China with an import gap of $1.35M.

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