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2022
Exports $1.95BWorld Rnk 5 / 172
Flag Rnk 57 / 1204
2022
Destination $36.8M China
2021 - 2022
FASTEST GROWING MARKET $36.8MMexico
2022
PRODUCT COMPLEXITY IN LCDs1.58Rnk 39 / 1025
2022
Imports $833MWorld Rnk 9 / 211
Flag Rnk 134 / 1213
2022
Origin $122M United States
2021 - 2022
FASTEST GROWING ORIGIN $122MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.95B in LCDs, making it the 5th largest exporter of LCDs in the world. At the same year, LCDs was the 57th most exported product in South Korea. The main destination of LCDs exports from South Korea are: China ($1.57B), United States ($76.8M), Mexico ($65.2M), India ($42.9M), and Chinese Taipei ($38.6M).

The fastest growing export markets for LCDs of South Korea between 2021 and 2022 were Mexico ($36.8M), India ($17.6M), and Chinese Taipei ($6.44M).

Imports In 2022, South Korea imported $833M in LCDs, becoming the 9th largest importer of LCDs in the world. At the same year, LCDs was the 134th most imported product in South Korea. South Korea imports LCDs primarily from: United States ($350M), Germany ($174M), Japan ($98.5M), China ($59.1M), and United Kingdom ($38M).

The fastest growing import markets in LCDs for South Korea between 2021 and 2022 were United States ($122M), Netherlands ($11.7M), and United Kingdom ($11.2M).

COMPANIES In 2023, leading companies such as Samsung (17), LG Electronics (4), and General Motors (1) were at the forefront of shipping LCDs from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's LCDs exports accounted up to $38.4M and imports accounted up to $114M, resulting in a negative trade balance of $75.7M. Between September 2023 and September 2024 the exports of South Korea's   LCDs have decreased by $-11.4M (-22.9%) from $49.9M to $38.4M, while imports increased by $9.99M (9.59%) from $104M to $114M.

Destinations In September 2024, LCDs were exported mostly to United States ($7.27M), China ($7.26M), Indonesia ($6.48M), Japan ($5.18M), and Chinese Taipei ($4.4M), and were imported mostly from Germany ($36.2M), Chinese Taipei ($31.8M), United States ($23.3M), Japan ($9.74M), and China ($4.94M).

Growth In September 2024, the decrease in LCDs's year-by-year exports was explained primarily by a decrease in exports to China ($-233M or -91.7%), United States ($-1.94M or -25.3%), and Hungary ($-1.22M or -92%). In September 2024, the increase in LCDs's year-by-year imports was explained primarily by an increase in imports from Germany ($3.01M or 24%), Finland ($1.42M or 467%), and United Kingdom ($618k or 29.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-11.4M(-22.9%)
IMPORT GROWTH (September 2023 - September 2024)$9.99M(9.59%)
MAIN DESTINATION (September 2024)United States$7.27M

This section shows LCDs'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 LCDs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.95B
IMPORTS (2022)$833M
NET TRADE (2022)$1.12B

In 2022, South Korea exported $1.95B in LCDs. The main destinations of South Korea exports on LCDs were China ($1.57B), United States ($76.8M), Mexico ($65.2M), India ($42.9M), and Chinese Taipei ($38.6M).

In 2022, South Korea imported $833M in LCDs, mainly from United States ($350M), Germany ($174M), Japan ($98.5M), China ($59.1M), and United Kingdom ($38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING LCDs EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Mexico$36.8M (130%)
India$17.6M (69.7%)
Chinese Taipei$6.44M (20.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF LCDs BY South Korea WERE (2021 - 2022):
China-$2.89B (-64.7%)
Vietnam-$556M (-97.8%)
United States-$13.8M (-15.2%)
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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 LCDs were:
Chinese Taipei $4.53B
China $3.7B
United States $3.27B
In 2022, South Korea's main importing competitors in LCDs were:
China $6.68B
United States $3.46B
Mexico $1.47B

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Trade Value of LCDs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $34.8M
TOP IMPORT POTENTIALChina+ $38.9M

LCDs’s highest export potential is United States. With an export gap of $34.8M.   LCDs’s highest import potential is China with an import gap of $38.9M.

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