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Pricing

2022
Exports $1.66BWorld Rnk 6 / 199
Flag Rnk 63 / 1204
2022
Destination $21.8M China
2021 - 2022
FASTEST GROWING MARKET $21.8MIndonesia
2022
PRODUCT COMPLEXITY IN Electrical Capacitors1.28Rnk 97 / 1025
2022
Imports $1.38BWorld Rnk 8 / 211
Flag Rnk 77 / 1213
2022
Origin $10M Japan
2021 - 2022
FASTEST GROWING ORIGIN $10MEl Salvador
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.66B in Electrical Capacitors, making it the 6th largest exporter of Electrical Capacitors in the world. At the same year, Electrical Capacitors was the 63rd most exported product in South Korea. The main destination of Electrical Capacitors exports from South Korea are: China ($592M), Vietnam ($216M), Germany ($149M), Hong Kong ($127M), and United States ($82.8M).

The fastest growing export markets for Electrical Capacitors of South Korea between 2021 and 2022 were Indonesia ($21.8M), Philippines ($20.7M), and Japan ($11.9M).

Imports In 2022, South Korea imported $1.38B in Electrical Capacitors, becoming the 8th largest importer of Electrical Capacitors in the world. At the same year, Electrical Capacitors was the 77th most imported product in South Korea. South Korea imports Electrical Capacitors primarily from: Japan ($563M), China ($491M), Malaysia ($54.4M), Philippines ($47.7M), and Chinese Taipei ($44.3M).

The fastest growing import markets in Electrical Capacitors for South Korea between 2021 and 2022 were El Salvador ($10M), Philippines ($9.9M), and Germany ($3.54M).

COMPANIES In 2023, leading companies such as CNH Industrial (3), Hyosung (1), and LG Electronics (1) were at the forefront of shipping Electrical Capacitors from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Electrical Capacitors exports accounted up to $141M and imports accounted up to $120M, resulting in a positive trade balance of $21.2M. Between October 2023 and October 2024 the exports of South Korea's   Electrical Capacitors have decreased by $-4.88M (-3.33%) from $146M to $141M, while imports increased by $5.57M (4.85%) from $115M to $120M.

Destinations In October 2024, Electrical Capacitors were exported mostly to China ($53.9M), Vietnam ($21.3M), Germany ($13.1M), Hong Kong ($12M), and Philippines ($6.73M), and were imported mostly from China ($50.1M), Japan ($42.9M), Philippines ($4.31M), Malaysia ($3.8M), and Thailand ($2.65M).

Growth In October 2024, the decrease in Electrical Capacitors's year-by-year exports was explained primarily by a decrease in exports to India ($-3.64M or -65.7%), Vietnam ($-2.75M or -14.3%), and Hong Kong ($-2.33M or -20.9%). In October 2024, the increase in Electrical Capacitors's year-by-year imports was explained primarily by an increase in imports from Czechia ($724k or 135%), Germany ($526k or 162%), and Hong Kong ($390k or 43.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-4.88M(-3.33%)
IMPORT GROWTH (October 2023 - October 2024)$5.57M(4.85%)
MAIN DESTINATION (October 2024)China$53.9M

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 (2022)$1.66B
IMPORTS (2022)$1.38B
NET TRADE (2022)$285M

In 2022, South Korea exported $1.66B in Electrical Capacitors. The main destinations of South Korea exports on Electrical Capacitors were China ($592M), Vietnam ($216M), Germany ($149M), Hong Kong ($127M), and United States ($82.8M).

In 2022, South Korea imported $1.38B in Electrical Capacitors, mainly from Japan ($563M), China ($491M), Malaysia ($54.4M), Philippines ($47.7M), and Chinese Taipei ($44.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Capacitors EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Indonesia$21.8M (159%)
Philippines$20.7M (67.2%)
Japan$11.9M (32.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Capacitors BY South Korea WERE (2021 - 2022):
China-$88.3M (-13%)
Hong Kong-$73.6M (-36.7%)
Germany-$27.8M (-15.7%)
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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 Electrical Capacitors were:
China $8.74B
Japan $7.51B
Chinese Taipei $2.1B
In 2022, South Korea's main importing competitors in Electrical Capacitors were:
China $6.86B
Hong Kong $5.2B
United States $2.58B

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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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