2022
Exports
$1.02MWorld Rnk 56 / 127
Flag Rnk 983 / 1204
2022
PRODUCT COMPLEXITY IN Dairy Machinery
0.92Rnk 201 / 1025
2022
Imports
$10.7MWorld Rnk 41 / 183
Flag Rnk 933 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.02M in Dairy Machinery, making it the 56th largest exporter of Dairy Machinery in the world. At the same year, Dairy Machinery was the 983rd most exported product in South Korea. The main destination of Dairy Machinery exports from South Korea are: United States ($941k), Netherlands ($14.6k), Russia ($13.8k), France ($10.2k), and Ireland ($6.33k).

The fastest growing export markets for Dairy Machinery of South Korea between 2021 and 2022 were United States ($143k), Russia ($13.8k), and France ($7.13k).

Imports In 2022, South Korea imported $10.7M in Dairy Machinery, becoming the 41st largest importer of Dairy Machinery in the world. At the same year, Dairy Machinery was the 933rd most imported product in South Korea. South Korea imports Dairy Machinery primarily from: Sweden ($2.24M), Netherlands ($2.14M), Germany ($1.86M), China ($1.11M), and United States ($945k).

The fastest growing import markets in Dairy Machinery for South Korea between 2021 and 2022 were Germany ($1.33M), Netherlands ($562k), and Japan ($543k).

COMPANIES In 2023, leading companies such as Ford Motor Company (1) were at the forefront of shipping Dairy Machinery from South Korea to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-70k(-33.3%)
IMPORT GROWTH (November 2023 - November 2024)$-62k(-12.2%)
MAIN DESTINATION (November 2024)United States$140k

This section shows Dairy Machinery'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 Dairy Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.02M
IMPORTS (2022)$10.7M
NET TRADE (2022)-$9.71M

In 2022, South Korea exported $1.02M in Dairy Machinery. The main destinations of South Korea exports on Dairy Machinery were United States ($941k), Netherlands ($14.6k), Russia ($13.8k), France ($10.2k), and Ireland ($6.33k).

In 2022, South Korea imported $10.7M in Dairy Machinery, mainly from Sweden ($2.24M), Netherlands ($2.14M), Germany ($1.86M), China ($1.11M), and United States ($945k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Dairy Machinery EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$143k (18%)
Russia$13.8k (1%)
France$7.13k (236%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Dairy Machinery BY South Korea WERE (2021 - 2022):
Qatar-$114k (-100%)
Ethiopia-$75.8k (-100%)
Denmark-$37.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Dairy Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $69.2k
TOP IMPORT POTENTIALChina+ $695k

Dairy Machinery’s highest export potential is United States. With an export gap of $69.2k.   Dairy Machinery’s highest import potential is China with an import gap of $695k.

See methodology.

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