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2022
Exports $6.09MWorld Rnk 51 / 195
Flag Rnk 798 / 1204
2022
Destination $279k Vietnam
2021 - 2022
FASTEST GROWING MARKET $279kPhilippines
2022
PRODUCT COMPLEXITY IN Water-0.099Rnk 581 / 1025
2022
Imports $66.7MWorld Rnk 14 / 222
Flag Rnk 607 / 1213
2022
Origin $15.5M China
2021 - 2022
FASTEST GROWING ORIGIN $15.5MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.09M in Water, making it the 51st largest exporter of Water in the world. At the same year, Water was the 798th most exported product in South Korea. The main destination of Water exports from South Korea are: Vietnam ($840k), United States ($833k), Guam ($755k), Philippines ($618k), and Chinese Taipei ($373k).

The fastest growing export markets for Water of South Korea between 2021 and 2022 were Philippines ($279k), United States ($242k), and United Kingdom ($75.8k).

Imports In 2022, South Korea imported $66.7M in Water, becoming the 14th largest importer of Water in the world. At the same year, Water was the 607th most imported product in South Korea. South Korea imports Water primarily from: China ($50.6M), France ($6.19M), Italy ($3.58M), Thailand ($1.57M), and Fiji ($1.05M).

The fastest growing import markets in Water for South Korea between 2021 and 2022 were China ($15.5M), Italy ($828k), and Thailand ($274k).

COMPANIES In 2023, leading companies such as Walong Marketing (24) and LG Electronics (1) were at the forefront of shipping Water from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Water exports accounted up to $583k and imports accounted up to $7.25M, resulting in a negative trade balance of $6.66M. Between September 2023 and September 2024 the exports of South Korea's   Water have decreased by $-3k (-0.51%) from $586k to $583k, while imports decreased by $-188k (-2.53%) from $7.43M to $7.25M.

Destinations In September 2024, Water were exported mostly to Guam ($102k), Philippines ($89k), Japan ($71k), Vietnam ($63k), and Chinese Taipei ($55k), and were imported mostly from China ($4.55M), France ($1.34M), Italy ($456k), Thailand ($311k), and Fiji ($300k).

Growth In September 2024, the decrease in Water's year-by-year exports was explained primarily by a decrease in exports to Philippines ($-37k or -72.5%), Russia ($-20k or -80%), and Chinese Taipei ($-17k or -100%). In September 2024, the decrease in Water's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-61k or -100%), Austria ($-31k or -100%), and Germany ($-24k or -75%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-3k(-0.51%)
IMPORT GROWTH (September 2023 - September 2024)$-188k(-2.53%)
MAIN DESTINATION (September 2024)Guam$102k

This section shows Water'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 Water over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.09M
IMPORTS (2022)$66.7M
NET TRADE (2022)-$60.6M

In 2022, South Korea exported $6.09M in Water. The main destinations of South Korea exports on Water were Vietnam ($840k), United States ($833k), Guam ($755k), Philippines ($618k), and Chinese Taipei ($373k).

In 2022, South Korea imported $66.7M in Water, mainly from China ($50.6M), France ($6.19M), Italy ($3.58M), Thailand ($1.57M), and Fiji ($1.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Water EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$279k (82.3%)
United States$242k (40.9%)
United Kingdom$75.8k (228%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Water BY South Korea WERE (2021 - 2022):
China-$5.11M (-95.8%)
Northern Mariana Islands-$432k (-80.5%)
Vietnam-$311k (-27%)
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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 Water were:
France $921M
China $718M
Italy $705M
In 2022, South Korea's main importing competitors in Water were:
United States $1.02B
Hong Kong $640M
Germany $253M

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Trade Value of Water by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $589k
TOP IMPORT POTENTIALFrance+ $1.99M

Water’s highest export potential is United States. With an export gap of $589k.   Water’s highest import potential is France with an import gap of $1.99M.

See methodology.

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