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2018
Exports $1.65BWorld Rnk 21 / 192
Flag Rnk 64 / 1204
2018
Destination $58.5M Chile
2021 - 2022
FASTEST GROWING MARKET $58.5MTurkey
2022
PRODUCT COMPLEXITY IN Delivery Trucks0.54Rnk 352 / 1025
2018
Imports $629MWorld Rnk 43 / 224
Flag Rnk 160 / 1213
2018
Origin $36.4M Sweden
2021 - 2022
FASTEST GROWING ORIGIN $36.4MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2018, South Korea exported $1.65B in Delivery Trucks, making it the 21st largest exporter of Delivery Trucks in the world. At the same year, Delivery Trucks was the 64th most exported product in South Korea. The main destination of Delivery Trucks exports from South Korea are: Chile ($179M), Iraq ($171M), Vietnam ($152M), Australia ($128M), and Turkey ($102M).

The fastest growing export markets for Delivery Trucks of South Korea between 2021 and 2022 were Turkey ($58.5M), Ukraine ($27.6M), and Chinese Taipei ($26.5M).

Imports In 2022, South Korea imported $629M in Delivery Trucks, becoming the 43rd largest importer of Delivery Trucks in the world. At the same year, Delivery Trucks was the 160th most imported product in South Korea. South Korea imports Delivery Trucks primarily from: Sweden ($147M), United States ($120M), France ($77.4M), China ($48.5M), and Netherlands ($47.9M).

The fastest growing import markets in Delivery Trucks for South Korea between 2021 and 2022 were China ($36.4M), Sweden ($33.3M), and France ($29.5M).

COMPANIES In 2023, leading companies such as Ford Motor Company (30), SIGMA Corp (27), and Samsung (10) were at the forefront of shipping Delivery Trucks from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Delivery Trucks exports accounted up to $138M and imports accounted up to $40M, resulting in a positive trade balance of $98.1M. Between October 2023 and October 2024 the exports of South Korea's   Delivery Trucks have increased by $14.3M (11.5%) from $124M to $138M, while imports decreased by $-1.24M (-3.02%) from $41.2M to $40M.

Destinations In October 2024, Delivery Trucks were exported mostly to Chile ($20.3M), Iraq ($19.4M), Turkey ($13M), Vietnam ($8.34M), and Chinese Taipei ($5.01M), and were imported mostly from Sweden ($12.9M), Poland ($7.58M), Netherlands ($6.18M), China ($2.39M), and Thailand ($2.32M).

Growth In October 2024, the increase in Delivery Trucks's year-by-year exports was explained primarily by an increase in exports to Australia ($7.41M or 120%), Ukraine ($6.72M or 5.84k%), and South Africa ($3.48M or 157%). In October 2024, the decrease in Delivery Trucks's year-by-year imports was explained primarily by a decrease in imports from United States ($-10.6M or -69.6%), Sweden ($-9.49M or -58.1%), and Netherlands ($-8.68M or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$14.3M(11.5%)
IMPORT GROWTH (October 2023 - October 2024)$-1.24M(-3.02%)
MAIN DESTINATION (October 2024)Chile$20.3M

This section shows Delivery 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 Delivery Trucks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.65B
IMPORTS (2022)$629M
NET TRADE (2022)$1.02B

In 2022, South Korea exported $1.65B in Delivery Trucks. The main destinations of South Korea exports on Delivery Trucks were Chile ($179M), Iraq ($171M), Vietnam ($152M), Australia ($128M), and Turkey ($102M).

In 2022, South Korea imported $629M in Delivery Trucks, mainly from Sweden ($147M), United States ($120M), France ($77.4M), China ($48.5M), and Netherlands ($47.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Delivery Trucks EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Turkey$58.5M (135%)
Ukraine$27.6M (739%)
Chinese Taipei$26.5M (44.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Delivery Trucks BY South Korea WERE (2021 - 2022):
Cambodia-$89.3M (-82%)
Iraq-$41.5M (-19.6%)
New Zealand-$25.6M (-67.7%)
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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 Delivery Trucks were:
Mexico $29.1B
United States $19.5B
China $10.4B
In 2022, South Korea's main importing competitors in Delivery Trucks were:
United States $32.3B
Canada $17.3B
Australia $8.59B

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Trade Value of Delivery Trucks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $22.2M
TOP IMPORT POTENTIALChina+ $57.1M

Delivery Trucks’s highest export potential is United Kingdom. With an export gap of $22.2M.   Delivery Trucks’s highest import potential is China with an import gap of $57.1M.

See methodology.

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