2022
Exports
$24.6MWorld Rnk 37 / 170
Flag Rnk 609 / 1204
2022
PRODUCT COMPLEXITY IN Utility Meters
0.046Rnk 536 / 1025
2022
Imports
$83.4MWorld Rnk 27 / 219
Flag Rnk 553 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $24.6M in Utility Meters, making it the 37th largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 609th most exported product in South Korea. The main destination of Utility Meters exports from South Korea are: Colombia ($10.2M), Brazil ($3.23M), Poland ($2.06M), Norway ($1.36M), and China ($976k).

The fastest growing export markets for Utility Meters of South Korea between 2021 and 2022 were Colombia ($3.4M), Uzbekistan ($701k), and Norway ($616k).

Imports In 2022, South Korea imported $83.4M in Utility Meters, becoming the 27th largest importer of Utility Meters in the world. At the same year, Utility Meters was the 553rd most imported product in South Korea. South Korea imports Utility Meters primarily from: China ($62.9M), Germany ($5.86M), United States ($3.45M), Poland ($2.22M), and Malaysia ($2.08M).

The fastest growing import markets in Utility Meters for South Korea between 2021 and 2022 were Malaysia ($1.47M), China ($1.24M), and Netherlands ($302k).

COMPANIES In 2023, leading companies such as Robert Bosch (3), Samsung (2), and LG Electronics (1) were at the forefront of shipping Utility Meters from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-514k(-17.7%)
IMPORT GROWTH (October 2023 - October 2024)$487k(9.94%)
MAIN DESTINATION (October 2024)Philippines$1.05M

This section shows Utility Meters'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 Utility Meters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.6M
IMPORTS (2022)$83.4M
NET TRADE (2022)-$58.9M

In 2022, South Korea exported $24.6M in Utility Meters. The main destinations of South Korea exports on Utility Meters were Colombia ($10.2M), Brazil ($3.23M), Poland ($2.06M), Norway ($1.36M), and China ($976k).

In 2022, South Korea imported $83.4M in Utility Meters, mainly from China ($62.9M), Germany ($5.86M), United States ($3.45M), Poland ($2.22M), and Malaysia ($2.08M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Colombia$3.4M (49.9%)
Uzbekistan$701k (53k%)
Norway$616k (83.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY South Korea WERE (2021 - 2022):
Indonesia-$1.05M (-81.9%)
United Arab Emirates-$624k (-69.8%)
Lithuania-$251k (-37.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Utility Meters were:
In 2022, South Korea's main importing competitors in Utility Meters were:

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Trade Value of Utility Meters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.17M
TOP IMPORT POTENTIALChina+ $11.8M

Utility Meters’s highest export potential is China. With an export gap of $1.17M.   Utility Meters’s highest import potential is China with an import gap of $11.8M.

See methodology.

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