NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $3.11BWorld Rnk 12 / 223
Flag Rnk 29 / 1188
2023
Destination $602M United States
2022 - 2023
FASTEST GROWING MARKET $602MUnited States
2023
PRODUCT COMPLEXITY IN Electrical Transformers0.68Rnk 293 / 1025
2023
Imports $2.75BWorld Rnk 13 / 225
Flag Rnk 24 / 1208
2023
Origin $96.2M China
2022 - 2023
FASTEST GROWING ORIGIN $96.2MHong Kong
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $3.11B in Electrical Transformers, making it the 12th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 29th most exported product in South Korea. The main destination of Electrical Transformers exports from South Korea are: United States ($1.29B), Saudi Arabia ($323M), China ($212M), Slovakia ($204M), and India ($104M).

The fastest growing export markets for Electrical Transformers of South Korea between 2022 and 2023 were United States ($602M), Saudi Arabia ($145M), and Slovakia ($98.5M).

Imports In 2023, South Korea imported $2.75B in Electrical Transformers, becoming the 13th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 24th most imported product in South Korea. South Korea imports Electrical Transformers primarily from: China ($1.16B), Germany ($397M), Japan ($275M), United States ($184M), and Hong Kong ($99.5M).

The fastest growing import markets in Electrical Transformers for South Korea between 2022 and 2023 were Hong Kong ($96.2M), Singapore ($67.8M), and Germany ($65.8M).

COMPANIES In 2024, leading companies such as LG Electronics (15), Costco Wholesale (8), and Signify Lighting (4) were at the forefront of shipping Electrical Transformers from South Korea to the United States.

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Electrical Transformers exports accounted up to $315M and imports accounted up to $337M, resulting in a negative trade balance of $22M. Between January 2024 and January 2025 the exports of South Korea's   Electrical Transformers have decreased by $-254k (-0.08%) from $316M to $315M, while imports decreased by $-8.59M (-2.48%) from $346M to $337M.

Destinations In January 2025, Electrical Transformers were exported mostly to United States ($143M), Vietnam ($31M), China ($26.1M), United Kingdom ($9.95M), and Saudi Arabia ($9.95M), and were imported mostly from China ($152M), Germany ($49.8M), Vietnam ($26.6M), United Kingdom ($22.8M), and Japan ($20.6M).

Growth In January 2025, the decrease in Electrical Transformers's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-16.9M or -94.6%), Kuwait ($-10.8M or -99%), and Thailand ($-8.55M or -80%). In January 2025, the decrease in Electrical Transformers's year-by-year imports was explained primarily by a decrease in imports from Philippines ($-9.61M or -49.1%), Germany ($-8.47M or -19.6%), and New Zealand ($-2.7M or -90.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-254k(-0.08%)
IMPORT GROWTH (January 2024 - January 2025)$-8.59M(-2.48%)
MAIN DESTINATION (January 2025)United States$143M

This section shows Electrical Transformers'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 Transformers over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$3.11B
IMPORTS (2023)$2.75B
NET TRADE (2023)$360M

In 2023, South Korea exported $3.11B in Electrical Transformers. The main destinations of South Korea exports on Electrical Transformers were United States ($1.29B), Saudi Arabia ($323M), China ($212M), Slovakia ($204M), and India ($104M).

In 2023, South Korea imported $2.75B in Electrical Transformers, mainly from China ($1.16B), Germany ($397M), Japan ($275M), United States ($184M), and Hong Kong ($99.5M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$602M (87.2%)
Saudi Arabia$145M (81.6%)
Slovakia$98.5M (93.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY South Korea WERE (2022 - 2023):
Vietnam-$254M (-100%)
Poland-$79.1M (-92.5%)
China-$76.4M (-26.5%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, South Korea's main importing competitors in Electrical Transformers were:
United States $27.3B
Germany $15.1B
China $7.17B

Explore Visualizations

Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $171M
TOP IMPORT POTENTIALChina+ $480M

Electrical Transformers’s highest export potential is China. With an export gap of $171M.   Electrical Transformers’s highest import potential is China with an import gap of $480M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms