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2023
Exports $549kWorld Rnk 43 / 83
Flag Rnk 992 / 1188
2023
Destination $116k Philippines
2022 - 2023
FASTEST GROWING MARKET $116kPhilippines
2023
PRODUCT COMPLEXITY IN Fishing Ships-0.27Rnk 639 / 1025
2023
Imports $37.2MWorld Rnk 7 / 154
Flag Rnk 681 / 1208
2023
Origin $35.7M China
2022 - 2023
FASTEST GROWING ORIGIN $35.7MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $549k in Fishing Ships, making it the 43rd largest exporter of Fishing Ships in the world. At the same year, Fishing Ships was the 992nd most exported product in South Korea. The main destination of Fishing Ships exports from South Korea are: Philippines ($516k), Chile ($19k), and United Kingdom ($13.9k).

The fastest growing export markets for Fishing Ships of South Korea between 2022 and 2023 were Philippines ($116k), Chile ($19k), and United Kingdom ($11.6k).

Imports In 2023, South Korea imported $37.2M in Fishing Ships, becoming the 7th largest importer of Fishing Ships in the world. At the same year, Fishing Ships was the 681st most imported product in South Korea. South Korea imports Fishing Ships primarily from: China ($35.7M), Japan ($1.44M), Sri Lanka ($12.3k), and Netherlands ($1.18k).

The fastest growing import markets in Fishing Ships for South Korea between 2022 and 2023 were China ($35.7M) and Sri Lanka ($4.75k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Fishing Ships exports accounted up to $298k and imports accounted up to $989k, resulting in a negative trade balance of $691k. Between November 2023 and December 2024 the exports of South Korea's   Fishing Ships have decreased by $-57k (-16.1%) from $355k to $298k, while imports increased by $518k (110%) from $471k to $989k.

Destinations In December 2024, Fishing Ships were exported mostly to Philippines ($298k), China ($0), Japan ($0), and Solomon Islands ($0), and were imported mostly from Japan ($971k), Solomon Islands ($18k), China ($0), and Philippines ($0).

Growth In December 2024, the decrease in Fishing Ships's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Fishing Ships's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - December 2024)$-57k(-16.1%)
IMPORT GROWTH (November 2023 - December 2024)$518k(110%)
MAIN DESTINATION (December 2024)Philippines$298k

This section shows Fishing Ships'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 Fishing Ships over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$549k
IMPORTS (2023)$37.2M
NET TRADE (2023)-$36.6M

In 2023, South Korea exported $549k in Fishing Ships. The main destinations of South Korea exports on Fishing Ships were Philippines ($516k), Chile ($19k), and United Kingdom ($13.9k).

In 2023, South Korea imported $37.2M in Fishing Ships, mainly from China ($35.7M), Japan ($1.44M), Sri Lanka ($12.3k), and Netherlands ($1.18k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fishing Ships EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Philippines$116k (28.9%)
Chile$19k (1%)
United Kingdom$11.6k (519%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fishing Ships BY South Korea WERE (2022 - 2023):
Indonesia-$226k (-100%)
Russia-$55k (-100%)
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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 Fishing Ships were:
Turkey $278M
Spain $190M
China $188M
In 2023, South Korea's main importing competitors in Fishing Ships were:
Norway $264M
Denmark $175M
Greenland $91.9M

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Trade Value of Fishing Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $54.8k
TOP IMPORT POTENTIALJapan+ $76.3k

Fishing Ships’s highest export potential is Russia. With an export gap of $54.8k.   Fishing Ships’s highest import potential is Japan with an import gap of $76.3k.

See methodology.

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