2022
Exports
$130MWorld Rnk 4 / 58
Flag Rnk 341 / 1204
2022
PRODUCT COMPLEXITY IN Electric Locomotives
1.09Rnk 138 / 1025
2022
Imports
$217kWorld Rnk 62 / 110
Flag Rnk 1184 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $130M in Electric Locomotives, making it the 4th largest exporter of Electric Locomotives in the world. At the same year, Electric Locomotives was the 341st most exported product in South Korea. The main destination of Electric Locomotives exports from South Korea are: Ireland ($68.4M), Hong Kong ($37.2M), China ($24.8M), France ($450), and Singapore ($203).

The fastest growing export markets for Electric Locomotives of South Korea between 2021 and 2022 were Ireland ($68.4M), China ($24.8M), and France ($450).

Imports In 2022, South Korea imported $217k in Electric Locomotives, becoming the 62nd largest importer of Electric Locomotives in the world. At the same year, Electric Locomotives was the 1184th most imported product in South Korea. South Korea imports Electric Locomotives primarily from: Netherlands ($184k), Singapore ($31.7k), China ($1.19k), and Malaysia ($285).

The fastest growing import markets in Electric Locomotives for South Korea between 2021 and 2022 were Netherlands ($184k), Singapore ($31.4k), and Malaysia ($285).

COMPANIES In 2023, leading companies such as Hankook Tires (192), LG Electronics (138), and Samsung (7) were at the forefront of shipping Electric Locomotives from South Korea to the United States.

Latest Trends

April 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - April 2024)$17k(N/A%)
IMPORT GROWTH (January 2023 - April 2024)$-36k(-100%)
MAIN DESTINATION (April 2024)

This section shows Electric Locomotives'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 Electric Locomotives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$130M
IMPORTS (2022)$217k
NET TRADE (2022)$130M

In 2022, South Korea exported $130M in Electric Locomotives. The main destinations of South Korea exports on Electric Locomotives were Ireland ($68.4M), Hong Kong ($37.2M), China ($24.8M), France ($450), and Singapore ($203).

In 2022, South Korea imported $217k in Electric Locomotives, mainly from Netherlands ($184k), Singapore ($31.7k), China ($1.19k), and Malaysia ($285).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Locomotives EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Ireland$68.4M (1%)
China$24.8M (1%)
France$450 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Locomotives BY South Korea WERE (2021 - 2022):
Hong Kong-$162M (-81.3%)
New Zealand-$8.86k (-100%)
Mexico-$242 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electric Locomotives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $6.37k
TOP IMPORT POTENTIALChina+ $8.22k

Electric Locomotives’s highest export potential is France. With an export gap of $6.37k.   Electric Locomotives’s highest import potential is China with an import gap of $8.22k.

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