2018
Exports
$26.4MWorld Rnk 14 / 130
Flag Rnk 597 / 1204
2022
PRODUCT COMPLEXITY IN Work Trucks
0.63Rnk 306 / 1025
2018
Imports
$38.5MWorld Rnk 10 / 208
Flag Rnk 727 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2018, South Korea exported $26.4M in Work Trucks, making it the 14th largest exporter of Work Trucks in the world. At the same year, Work Trucks was the 597th most exported product in South Korea. The main destination of Work Trucks exports from South Korea are: United States ($10.2M), Japan ($3.35M), Philippines ($3.03M), France ($2.23M), and Canada ($1.43M).

The fastest growing export markets for Work Trucks of South Korea between 2021 and 2022 were Japan ($3.24M), Philippines ($2.28M), and France ($2.15M).

Imports In 2022, South Korea imported $38.5M in Work Trucks, becoming the 10th largest importer of Work Trucks in the world. At the same year, Work Trucks was the 727th most imported product in South Korea. South Korea imports Work Trucks primarily from: Germany ($14.6M), China ($6.82M), United States ($5.36M), Malaysia ($3.73M), and Italy ($3.65M).

The fastest growing import markets in Work Trucks for South Korea between 2021 and 2022 were Germany ($8.11M), China ($3.19M), and Italy ($2.2M).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-2.39M(-88.9%)
IMPORT GROWTH (October 2023 - October 2024)$-3.98M(-64.9%)
MAIN DESTINATION (October 2024)United States$141k

This section shows Work Trucks'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 Work Trucks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.4M
IMPORTS (2022)$38.5M
NET TRADE (2022)-$12M

In 2022, South Korea exported $26.4M in Work Trucks. The main destinations of South Korea exports on Work Trucks were United States ($10.2M), Japan ($3.35M), Philippines ($3.03M), France ($2.23M), and Canada ($1.43M).

In 2022, South Korea imported $38.5M in Work Trucks, mainly from Germany ($14.6M), China ($6.82M), United States ($5.36M), Malaysia ($3.73M), and Italy ($3.65M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Work Trucks EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$3.24M (3.03k%)
Philippines$2.28M (306%)
France$2.15M (2.72k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Work Trucks BY South Korea WERE (2021 - 2022):
Russia-$4.84M (-99.6%)
United States-$1.22M (-10.7%)
Hungary-$1.2M (-97.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Work Trucks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $354k
TOP IMPORT POTENTIALChina+ $2.18M

Work Trucks’s highest export potential is Germany. With an export gap of $354k.   Work Trucks’s highest import potential is China with an import gap of $2.18M.

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