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2022
Exports $24.2BWorld Rnk 4 / 225
Flag Rnk 4 / 1204
2022
Destination $11.1B Vietnam
2021 - 2022
FASTEST GROWING MARKET $11.1BVietnam
2022
PRODUCT COMPLEXITY IN Broadcasting Equipment0.53Rnk 357 / 1025
2022
Imports $10.3BWorld Rnk 15 / 225
Flag Rnk 8 / 1213
2022
Origin $1.42B China
2021 - 2022
FASTEST GROWING ORIGIN $1.42BChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $24.2B in Broadcasting Equipment, making it the 4th largest exporter of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 4th most exported product in South Korea. The main destination of Broadcasting Equipment exports from South Korea are: Vietnam ($11.3B), China ($6.13B), United States ($1.05B), Germany ($585M), and United Kingdom ($563M).

The fastest growing export markets for Broadcasting Equipment of South Korea between 2021 and 2022 were Vietnam ($11.1B), China ($6B), and Mexico ($374M).

Imports In 2022, South Korea imported $10.3B in Broadcasting Equipment, becoming the 15th largest importer of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 8th most imported product in South Korea. South Korea imports Broadcasting Equipment primarily from: China ($5.92B), Vietnam ($2.91B), Chinese Taipei ($241M), Singapore ($238M), and United States ($215M).

The fastest growing import markets in Broadcasting Equipment for South Korea between 2021 and 2022 were China ($1.42B), Vietnam ($794M), and Singapore ($208M).

COMPANIES In 2023, leading companies such as Volvo (1.39k), Continental Tire (14), and Samsung (3) were at the forefront of shipping Broadcasting Equipment from South Korea to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Broadcasting Equipment exports accounted up to $62.2M and imports accounted up to $76.7M, resulting in a negative trade balance of $14.5M. Between August 2023 and August 2024 the exports of South Korea's   Broadcasting Equipment have decreased by $-8.45M (-12%) from $70.7M to $62.2M, while imports decreased by $-6.76M (-8.1%) from $83.5M to $76.7M.

Destinations In August 2024, Broadcasting Equipment were exported mostly to United States ($19.4M), Japan ($11M), China ($4.07M), Australia ($3.75M), and Hong Kong ($2.63M), and were imported mostly from Vietnam ($26.9M), China ($23.5M), Japan ($7.31M), Thailand ($6.28M), and United States ($4.34M).

Growth In August 2024, the decrease in Broadcasting Equipment's year-by-year exports was explained primarily by a decrease in exports to China ($-428M or -99.6%), United States ($-10M or -29%), and Russia ($-1.58M or -96.7%). In August 2024, the decrease in Broadcasting Equipment's year-by-year imports was explained primarily by a decrease in imports from China ($-20.1M or -47.4%), Germany ($-4.7M or -75.4%), and Chinese Taipei ($-740k or -64.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-8.45M(-12%)
IMPORT GROWTH (August 2023 - August 2024)$-6.76M(-8.1%)
MAIN DESTINATION (August 2024)United States$19.4M

This section shows Broadcasting Equipment'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 Broadcasting Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.2B
IMPORTS (2022)$10.3B
NET TRADE (2022)$14B

In 2022, South Korea exported $24.2B in Broadcasting Equipment. The main destinations of South Korea exports on Broadcasting Equipment were Vietnam ($11.3B), China ($6.13B), United States ($1.05B), Germany ($585M), and United Kingdom ($563M).

In 2022, South Korea imported $10.3B in Broadcasting Equipment, mainly from China ($5.92B), Vietnam ($2.91B), Chinese Taipei ($241M), Singapore ($238M), and United States ($215M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Broadcasting Equipment EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$11.1B (4.92k%)
China$6B (4.75k%)
Mexico$374M (896%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Broadcasting Equipment BY South Korea WERE (2021 - 2022):
United States-$1.4B (-57.2%)
United Arab Emirates-$44.3M (-41.5%)
Japan-$19.6M (-6.88%)
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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 Broadcasting Equipment were:
China $272B
Vietnam $58.5B
United States $28.9B
In 2022, South Korea's main importing competitors in Broadcasting Equipment were:
United States $116B
Hong Kong $56.1B
Germany $26.8B

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Trade Value of Broadcasting Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $94.5M
TOP IMPORT POTENTIALChina+ $130M

Broadcasting Equipment’s highest export potential is United States. With an export gap of $94.5M.   Broadcasting Equipment’s highest import potential is China with an import gap of $130M.

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