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2023
Exports $1.87BWorld Rnk 4 / 199
Flag Rnk 54 / 1188
2023
Destination $148M China
2022 - 2023
FASTEST GROWING MARKET $148MChina
2023
PRODUCT COMPLEXITY IN Electrical Capacitors1.16Rnk 120 / 1025
2023
Imports $1.5BWorld Rnk 7 / 215
Flag Rnk 57 / 1208
2023
Origin $111M China
2022 - 2023
FASTEST GROWING ORIGIN $111MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.87B in Electrical Capacitors, making it the 4th largest exporter of Electrical Capacitors in the world. At the same year, Electrical Capacitors was the 54th most exported product in South Korea. The main destination of Electrical Capacitors exports from South Korea are: China ($787M), Germany ($152M), Hong Kong ($133M), Mexico ($127M), and Philippines ($125M).

The fastest growing export markets for Electrical Capacitors of South Korea between 2022 and 2023 were China ($148M), Philippines ($64M), and Mexico ($35.7M).

Imports In 2023, South Korea imported $1.5B in Electrical Capacitors, becoming the 7th largest importer of Electrical Capacitors in the world. At the same year, Electrical Capacitors was the 57th most imported product in South Korea. South Korea imports Electrical Capacitors primarily from: China ($650M), Japan ($459M), Hong Kong ($109M), Philippines ($60.4M), and Chinese Taipei ($58.4M).

The fastest growing import markets in Electrical Capacitors for South Korea between 2022 and 2023 were China ($111M), Hong Kong ($99.6M), and Chinese Taipei ($32.5M).

COMPANIES In 2024, leading companies such as LG Electronics (7), Team Hardinger (2), and Signify Lighting (1) were at the forefront of shipping Electrical Capacitors from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Electrical Capacitors exports accounted up to $139M and imports accounted up to $119M, resulting in a positive trade balance of $20.8M. Between December 2023 and December 2024 the exports of South Korea's   Electrical Capacitors have increased by $16.3M (13.3%) from $123M to $139M, while imports increased by $18.5M (18.5%) from $100M to $119M.

Destinations In December 2024, Electrical Capacitors were exported mostly to China ($47.6M), Vietnam ($27.5M), Hong Kong ($14.8M), Germany ($10.2M), and Philippines ($6.62M), and were imported mostly from China ($48.8M), Japan ($43.1M), Malaysia ($4.06M), Thailand ($3.69M), and Philippines ($3.31M).

Growth In December 2024, the increase in Electrical Capacitors's year-by-year exports was explained primarily by an increase in exports to Vietnam ($7.38M or 44.8%), India ($3.16M or 166%), and Poland ($1.55M or 107%). In December 2024, the increase in Electrical Capacitors's year-by-year imports was explained primarily by an increase in imports from China ($8.86M or 22.1%), Singapore ($2.65M or 295%), and Thailand ($1.78M or 111%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$16.3M(13.3%)
IMPORT GROWTH (December 2023 - December 2024)$18.5M(18.5%)
MAIN DESTINATION (December 2024)China$47.6M

This section shows Electrical Capacitors'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 Electrical Capacitors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.87B
IMPORTS (2023)$1.5B
NET TRADE (2023)$366M

In 2023, South Korea exported $1.87B in Electrical Capacitors. The main destinations of South Korea exports on Electrical Capacitors were China ($787M), Germany ($152M), Hong Kong ($133M), Mexico ($127M), and Philippines ($125M).

In 2023, South Korea imported $1.5B in Electrical Capacitors, mainly from China ($650M), Japan ($459M), Hong Kong ($109M), Philippines ($60.4M), and Chinese Taipei ($58.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Capacitors EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
China$148M (23.1%)
Philippines$64M (105%)
Mexico$35.7M (39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Capacitors BY South Korea WERE (2022 - 2023):
Vietnam-$192M (-100%)
Hong Kong-$25.3M (-15.9%)
Malaysia-$23.2M (-26.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Electrical Capacitors were:
Japan $8.53B
China $7.45B
Germany $1.99B
In 2023, South Korea's main importing competitors in Electrical Capacitors were:
China $6.22B
Hong Kong $4.51B
Germany $2.67B

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Trade Value of Electrical Capacitors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $118M
TOP IMPORT POTENTIALChina+ $84M

Electrical Capacitors’s highest export potential is China. With an export gap of $118M.   Electrical Capacitors’s highest import potential is China with an import gap of $84M.

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