HS Icon Vehicle Parts in  Flag South Korea

2019
Exports | Imports
: $18.5B | $3.77B, World Rnk 6 / 225
Flag Rnk 4 / 1200 | World Rnk 25 / 225
Flag Rnk 15 / 1209

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $287M | $88.5M, United States |  China

2019
ECONOMIC COMPLEXITY of South Korea
: 1.9, Rnk 5 / 147

2019
PRODUCT COMPLEXITY  IN Vehicle Parts
: 1.1, Rnk 141 / 1029

Exports In 2019, South Korea exported $18.5B in Vehicle Parts, making it the 6th largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 4th most exported product in South Korea. The main destination of Vehicle Parts exports from South Korea are: United States ($5.15B), China ($1.62B), Mexico ($1.33B), Russia ($1.13B), and India ($925M).

The fastest growing export markets for Vehicle Parts of South Korea between 2018 and 2019 were United States ($287M), Vietnam ($183M), and India ($182M).

Imports In 2019, South Korea imported $3.77B in Vehicle Parts, becoming the 25th largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 15th most imported product in South Korea. South Korea imports Vehicle Parts primarily from: China ($1.27B), Japan ($661M), Germany ($558M), Mexico ($249M), and United States ($232M).

The fastest growing import markets in Vehicle Parts for South Korea between 2018 and 2019 were China ($88.5M), Mexico ($72.8M), and Vietnam ($38.2M).

Tariffs In 2018, the average tariff for South Korea in Vehicle Parts was 5.01%. The countries with the highest import tariffs for Vehicle Parts were Botswana (Most Favoured Nation duty rate treatement, 8%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8%), Cameroon (Most Favoured Nation duty rate treatement, 8%), Republic of the Congo (Most Favoured Nation duty rate treatement, 8%), and Cape Verde (Most Favoured Nation duty rate treatement, 8%).

June 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2020 - June 2021): $843M, (104%)

IMPORT GROWTH (June 2020 - June 2021): $101M, (33.8%)

MAIN DESTINATION (June 2021): United States, $518M

This section shows Vehicle Parts'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 Vehicle Parts over time.

For full datasets download visit Bulk Download page.

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Historical Data

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EXPORTS (2019): $18.5B

IMPORTS (2019): $3.77B

NET TRADE (2019): $14.7B

In 2019, South Korea exported $18.5B in Vehicle Parts. The main destinations of South Korea exports on Vehicle Parts were United States ($5.15B), China ($1.62B), Mexico ($1.33B), Russia ($1.13B), and India ($925M).

In 2019, South Korea imported $3.77B in Vehicle Parts, mainly from China ($1.27B), Japan ($661M), Germany ($558M), Mexico ($249M), and United States ($232M).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:

Flow

THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY South Korea WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2019, South Korea's main exporting competitors in Vehicle Parts were:

In 2019, South Korea's main importing competitors in Vehicle Parts were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Vehicle Parts was 5.01%.

The countries with the highest tariffs for Vehicle Parts in South Korea were Botswana (Most Favoured Nation duty rate treatement, 8%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8%), Cameroon (Most Favoured Nation duty rate treatement, 8%), Republic of the Congo (Most Favoured Nation duty rate treatement, 8%), and Cape Verde (Most Favoured Nation duty rate treatement, 8%).