2023
Exports
$1.77BWorld Rnk 18 / 208
Flag Rnk 25 / 96
2023
PRODUCT COMPLEXITY IN Aircraft and spacecraft
0.54Rnk 352 / 1025
2023
Imports
$3.88BWorld Rnk 15 / 221
Flag Rnk 22 / 96
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.77B in Aircraft and spacecraft, making it the 18th largest exporter of Aircraft and spacecraft in the world. At the same year, Aircraft and spacecraft was the 25th most exported product in South Korea. The main destination of Aircraft and spacecraft exports from South Korea are: Poland ($523M), United States ($473M), United Kingdom ($220M), China ($69.9M), and France ($68M).

The fastest growing export markets for Aircraft and spacecraft of South Korea between 2022 and 2023 were Poland ($522M), Japan ($29.7M), and Malaysia ($13.6M).

Imports In 2023, South Korea imported $3.88B in Aircraft and spacecraft, becoming the 15th largest importer of Aircraft and spacecraft in the world. At the same year, Aircraft and spacecraft was the 22nd most imported product in South Korea. South Korea imports Aircraft and spacecraft primarily from: United States ($1.41B), Germany ($973M), France ($452M), China ($327M), and Singapore ($276M).

The fastest growing import markets in Aircraft and spacecraft for South Korea between 2022 and 2023 were Germany ($798M), China ($278M), and Singapore ($273M).

COMPANIES In 2024, leading companies such as LG Electronics (185), BOEING (51), and Samsung (29) were at the forefront of shipping Aircraft and spacecraft from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$216M(198%)
IMPORT GROWTH (January 2024 - January 2025)$74.3M(40.6%)
MAIN DESTINATION (January 2025)United States$236M

This section shows Aircraft and spacecraft'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 Aircraft and spacecraft over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.77B
IMPORTS (2023)$3.88B
NET TRADE (2023)-$2.11B

In 2023, South Korea exported $1.77B in Aircraft and spacecraft. The main destinations of South Korea exports on Aircraft and spacecraft were Poland ($523M), United States ($473M), United Kingdom ($220M), China ($69.9M), and France ($68M).

In 2023, South Korea imported $3.88B in Aircraft and spacecraft, mainly from United States ($1.41B), Germany ($973M), France ($452M), China ($327M), and Singapore ($276M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Aircraft and spacecraft EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Poland$522M (231k%)
Japan$29.7M (80.7%)
Malaysia$13.6M (73.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aircraft and spacecraft BY South Korea WERE (2022 - 2023):
Australia-$173M (-95.9%)
United States-$73.1M (-13.4%)
India-$50.6M (-98%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Aircraft and spacecraft were:
In 2023, South Korea's main importing competitors in Aircraft and spacecraft were:

Explore Visualizations

Trade Value of Aircraft and spacecraft by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33.1M
TOP IMPORT POTENTIALFrance+ $67.6M

Aircraft and spacecraft’s highest export potential is United States. With an export gap of $33.1M.   Aircraft and spacecraft’s highest import potential is France with an import gap of $67.6M.

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