Additive manufacturing machines in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $236M in Additive manufacturing machines, making it the 11th largest exporter of Additive manufacturing machines in the world. At the same year, Additive manufacturing machines was the 249th most exported product in South Korea. The main destination of Additive manufacturing machines exports from South Korea are: China ($52.3M), Japan ($35.3M), United States ($31.1M), India ($19.3M), and Mexico ($12.1M).

The fastest growing export markets for Additive manufacturing machines of South Korea between 2021 and 2022 were India ($4.71M), Philippines ($3.69M), and Mexico ($3.13M).

Imports In 2022, South Korea imported $294M in Additive manufacturing machines, becoming the 11th largest importer of Additive manufacturing machines in the world. At the same year, Additive manufacturing machines was the 276th most imported product in South Korea. South Korea imports Additive manufacturing machines primarily from: Japan ($91.9M), Germany ($51.6M), China ($41.2M), United States ($39.1M), and United Kingdom ($13.8M).

The fastest growing import markets in Additive manufacturing machines for South Korea between 2021 and 2022 were Germany ($17.9M), United States ($4.89M), and Italy ($2M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Additive manufacturing machines from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Additive manufacturing machines exports accounted up to $992k and imports accounted up to $2.79M, resulting in a negative trade balance of $1.8M. Between February 2023 and February 2024 the exports of South Korea's Additive manufacturing machines have increased by $518k (109%) from $474k to $992k, while imports decreased by $-2.16M (-43.6%) from $4.95M to $2.79M.

Destinations In February 2024, Additive manufacturing machines were exported mostly to China ($379k), United States ($357k), Turkey ($200k), Vietnam ($11k), and Jordan ($9k), and were imported mostly from China ($1.04M), Israel ($564k), Germany ($563k), United States ($413k), and Australia ($60k).

Growth In February 2024, the increase in Additive manufacturing machines's year-by-year exports was explained primarily by an increase in exports to United States ($456k or 912%). In February 2024, the decrease in Additive manufacturing machines's year-by-year imports was explained primarily by a decrease in imports from France ($-212k or -94.6%), Vietnam ($-70k or -70%), and Netherlands ($-36k or -45%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$518k(109%)

IMPORT GROWTH (February 2023 - February 2024)$-2.16M(-43.6%)

MAIN DESTINATION (February 2024)China$379k

This section shows Additive manufacturing machines'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 Additive manufacturing machines over time.

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