HS Icon Motor vehicles; parts and accessories (8701 to 8705) in  Flag South Korea

2020
Exports | Imports
: $16B | $3.96B, World Rnk 6 / 226
Flag Rnk 5 / 1207 | World Rnk 23 / 226
Flag Rnk 15 / 1211

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $63.5M | $263M, Czechia |  China


ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127


PRODUCT COMPLEXITY  IN Motor vehicles; parts and accessories (8701 to 8705)
: 1.06, Rnk 142 / 1028

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of South Korea between 2019 and 2020 were Czechia ($63.5M), Vietnam ($26.1M), and Malaysia ($17M).

Imports In 2020, South Korea imported $3.96B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 23rd largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 15th most imported product in South Korea. South Korea imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($1.55B), Japan ($486M), Germany ($476M), Mexico ($420M), and United States ($202M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for South Korea between 2019 and 2020 were China ($263M), Mexico ($163M), and France ($25.5M).

Tariffs In 2018, the average tariff for South Korea in Motor vehicles; parts and accessories (8701 to 8705) was 5.01%. The countries with the highest import tariffs for Motor vehicles; parts and accessories (8701 to 8705) 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%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (July 2021 - July 2022): $58.4M, (3.45%)

IMPORT GROWTH (July 2021 - July 2022): $63.8M, (16.2%)

MAIN DESTINATION (July 2022): United States, $623M

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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Historical Data

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EXPORTS (2020): $16B

IMPORTS (2020): $3.96B

NET TRADE (2020): $12B

In 2020, South Korea imported $3.96B in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($1.55B), Japan ($486M), Germany ($476M), Mexico ($420M), and United States ($202M).

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IN 2020, South Korea HAD A POSITIVE NET TRADE IN Motor vehicles; parts and accessories (8701 to 8705) WITH:

IN 2020, South Korea HAD A NEGATIVE NET TRADE IN Motor vehicles; parts and accessories (8701 to 8705) WITH:

Flow

THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR South Korea WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY South Korea WERE (2019 - 2020):

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Market Concentration

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In 2019, South Korea's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

In 2019, South Korea's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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