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2022
Exports $3.88BWorld Rnk 3 / 214
Flag Rnk 28 / 1204
2022
Destination $134M Vietnam
2021 - 2022
FASTEST GROWING MARKET $134MPhilippines
2022
PRODUCT COMPLEXITY IN Telephones0.51Rnk 360 / 1025
2022
Imports $4.06BWorld Rnk 6 / 222
Flag Rnk 19 / 1213
2022
Origin $41.2M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $41.2MMexico
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.88B in Telephones, making it the 3rd largest exporter of Telephones in the world. At the same year, Telephones was the 28th most exported product in South Korea. The main destination of Telephones exports from South Korea are: Vietnam ($2.17B), China ($508M), United States ($242M), Hong Kong ($182M), and India ($168M).

The fastest growing export markets for Telephones of South Korea between 2021 and 2022 were Philippines ($134M), Chinese Taipei ($51.1M), and India ($21.8M).

Imports In 2022, South Korea imported $4.06B in Telephones, becoming the 6th largest importer of Telephones in the world. At the same year, Telephones was the 19th most imported product in South Korea. South Korea imports Telephones primarily from: Vietnam ($2.93B), China ($677M), Mexico ($74.5M), Chinese Taipei ($59.8M), and United States ($55.7M).

The fastest growing import markets in Telephones for South Korea between 2021 and 2022 were Mexico ($41.2M), United States ($25.4M), and Poland ($6.38M).

COMPANIES In 2023, leading companies such as LG Electronics (218), CNH Industrial (121), and ZF Friedrichshafen (25) were at the forefront of shipping Telephones from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Telephones exports accounted up to $753M and imports accounted up to $773M, resulting in a negative trade balance of $19.9M. Between November 2023 and November 2024 the exports of South Korea's   Telephones have increased by $32M (4.44%) from $721M to $753M, while imports decreased by $-373M (-32.6%) from $1.15B to $773M.

Destinations In November 2024, Telephones were exported mostly to United States ($138M), Austria ($125M), Vietnam ($108M), China ($77.1M), and Germany ($35.4M), and were imported mostly from China ($374M), Vietnam ($264M), Chinese Taipei ($24.9M), United States ($17.1M), and Mexico ($15.7M).

Growth In November 2024, the increase in Telephones's year-by-year exports was explained primarily by an increase in exports to United States ($102M or 127%), China ($66.1M or 247%), and Philippines ($51.2M or 5.97k%). In November 2024, the decrease in Telephones's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-51.1M or -12.7%), Japan ($-2.94M or -18.7%), and Indonesia ($-2.65M or -33.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$32M(4.44%)
IMPORT GROWTH (November 2023 - November 2024)$-373M(-32.6%)
MAIN DESTINATION (November 2024)United States$138M

This section shows Telephones'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 Telephones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.88B
IMPORTS (2022)$4.06B
NET TRADE (2022)-$174M

In 2022, South Korea exported $3.88B in Telephones. The main destinations of South Korea exports on Telephones were Vietnam ($2.17B), China ($508M), United States ($242M), Hong Kong ($182M), and India ($168M).

In 2022, South Korea imported $4.06B in Telephones, mainly from Vietnam ($2.93B), China ($677M), Mexico ($74.5M), Chinese Taipei ($59.8M), and United States ($55.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Telephones EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$134M (759%)
Chinese Taipei$51.1M (623%)
India$21.8M (14.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Telephones BY South Korea WERE (2021 - 2022):
Vietnam-$9.63B (-81.6%)
China-$2.69B (-84.1%)
Japan-$64.4M (-49.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Telephones were:
China $42.8B
Vietnam $24.4B
In 2022, South Korea's main importing competitors in Telephones were:
China $21.3B
Hong Kong $10.9B
Vietnam $9.43B

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Trade Value of Telephones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $586M
TOP IMPORT POTENTIALChina+ $2.16B

Telephones’s highest export potential is United States. With an export gap of $586M.   Telephones’s highest import potential is China with an import gap of $2.16B.

See methodology.

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