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2023
Exports $169MWorld Rnk 17 / 193
Flag Rnk 275 / 1188
2023
Destination $4.46M China
2022 - 2023
FASTEST GROWING MARKET $4.46MUnited States
2023
PRODUCT COMPLEXITY IN Electrical Resistors0.83Rnk 235 / 1025
2023
Imports $402MWorld Rnk 8 / 215
Flag Rnk 200 / 1208
2023
Origin $34.6M China
2022 - 2023
FASTEST GROWING ORIGIN $34.6MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $169M in Electrical Resistors, making it the 17th largest exporter of Electrical Resistors in the world. At the same year, Electrical Resistors was the 275th most exported product in South Korea. The main destination of Electrical Resistors exports from South Korea are: China ($53M), India ($20.4M), United States ($14.7M), Mexico ($13.1M), and Thailand ($8.57M).

The fastest growing export markets for Electrical Resistors of South Korea between 2022 and 2023 were United States ($4.46M), Mexico ($3.63M), and Hong Kong ($1.3M).

Imports In 2023, South Korea imported $402M in Electrical Resistors, becoming the 8th largest importer of Electrical Resistors in the world. At the same year, Electrical Resistors was the 200th most imported product in South Korea. South Korea imports Electrical Resistors primarily from: China ($216M), Chinese Taipei ($34.6M), Japan ($31.6M), Hong Kong ($22.4M), and Germany ($22.3M).

The fastest growing import markets in Electrical Resistors for South Korea between 2022 and 2023 were China ($34.6M), Hong Kong ($15.2M), and United States ($10.6M).

COMPANIES In 2024, leading companies such as Hyosung (11), LG Electronics (2), and Schaeffler Group (2) were at the forefront of shipping Electrical Resistors from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Electrical Resistors exports accounted up to $18.8M and imports accounted up to $26.7M, resulting in a negative trade balance of $7.88M. Between December 2023 and December 2024 the exports of South Korea's   Electrical Resistors have increased by $1.16M (6.57%) from $17.7M to $18.8M, while imports increased by $1.42M (5.6%) from $25.3M to $26.7M.

Destinations In December 2024, Electrical Resistors were exported mostly to Vietnam ($6.47M), China ($4.9M), India ($1.21M), Thailand ($1.05M), and Mexico ($846k), and were imported mostly from China ($11M), Japan ($3.32M), Chinese Taipei ($2.74M), Germany ($1.72M), and Philippines ($1.45M).

Growth In December 2024, the increase in Electrical Resistors's year-by-year exports was explained primarily by an increase in exports to Vietnam ($2M or 41.9%), China ($1.16M or 27.9%), and Poland ($326k or 91.1%). In December 2024, the increase in Electrical Resistors's year-by-year imports was explained primarily by an increase in imports from China ($2.79M or 26%), United States ($1.24M or 114%), and Chinese Taipei ($792k or 27.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1.16M(6.57%)
IMPORT GROWTH (December 2023 - December 2024)$1.42M(5.6%)
MAIN DESTINATION (December 2024)Vietnam$6.47M

This section shows Electrical Resistors'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 Resistors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$169M
IMPORTS (2023)$402M
NET TRADE (2023)-$233M

In 2023, South Korea exported $169M in Electrical Resistors. The main destinations of South Korea exports on Electrical Resistors were China ($53M), India ($20.4M), United States ($14.7M), Mexico ($13.1M), and Thailand ($8.57M).

In 2023, South Korea imported $402M in Electrical Resistors, mainly from China ($216M), Chinese Taipei ($34.6M), Japan ($31.6M), Hong Kong ($22.4M), and Germany ($22.3M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Resistors EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$4.46M (43.6%)
Mexico$3.63M (38.1%)
Hong Kong$1.3M (19.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Resistors BY South Korea WERE (2022 - 2023):
Vietnam-$51.6M (-100%)
China-$15.3M (-22.4%)
Thailand-$5.37M (-38.5%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Electrical Resistors were:
China $2.63B
Germany $1.31B
Japan $1.31B
In 2023, South Korea's main importing competitors in Electrical Resistors were:
China $1.39B
Germany $1.07B
Hong Kong $1.04B

Explore Visualizations

Trade Value of Electrical Resistors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $22.1M
TOP IMPORT POTENTIALChina+ $25.5M

Electrical Resistors’s highest export potential is China. With an export gap of $22.1M.   Electrical Resistors’s highest import potential is China with an import gap of $25.5M.

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