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2022
Exports $437MWorld Rnk 10 / 211
Flag Rnk 173 / 1204
2022
Destination $37.9M United States
2021 - 2022
FASTEST GROWING MARKET $37.9MChina
2022
PRODUCT COMPLEXITY IN Liquid Dispersing Machines1.1Rnk 132 / 1025
2022
Imports $322MWorld Rnk 21 / 226
Flag Rnk 259 / 1213
2022
Origin $2.6M China
2021 - 2022
FASTEST GROWING ORIGIN $2.6MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $437M in Liquid Dispersing Machines, making it the 10th largest exporter of Liquid Dispersing Machines in the world. At the same year, Liquid Dispersing Machines was the 173rd most exported product in South Korea. The main destination of Liquid Dispersing Machines exports from South Korea are: United States ($111M), China ($106M), Japan ($44.5M), Vietnam ($35.1M), and India ($16.9M).

The fastest growing export markets for Liquid Dispersing Machines of South Korea between 2021 and 2022 were China ($37.9M), United States ($21.9M), and Vietnam ($11M).

Imports In 2022, South Korea imported $322M in Liquid Dispersing Machines, becoming the 21st largest importer of Liquid Dispersing Machines in the world. At the same year, Liquid Dispersing Machines was the 259th most imported product in South Korea. South Korea imports Liquid Dispersing Machines primarily from: China ($134M), United States ($43.3M), Germany ($34.9M), Japan ($26.8M), and Vietnam ($9.09M).

The fastest growing import markets in Liquid Dispersing Machines for South Korea between 2021 and 2022 were United States ($2.6M), Germany ($2.48M), and Vietnam ($2.45M).

COMPANIES In 2023, leading companies such as Victaulic (5), Robert Bosch (5), and General Motors (1) were at the forefront of shipping Liquid Dispersing Machines from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Liquid Dispersing Machines exports accounted up to $48M and imports accounted up to $27.8M, resulting in a positive trade balance of $20.2M. Between July 2023 and July 2024 the exports of South Korea's   Liquid Dispersing Machines have increased by $18.7M (63.8%) from $29.3M to $48M, while imports decreased by $-495k (-1.75%) from $28.3M to $27.8M.

Destinations In July 2024, Liquid Dispersing Machines were exported mostly to United States ($19M), United Kingdom ($6.22M), China ($5.41M), Japan ($3.83M), and Indonesia ($1.87M), and were imported mostly from China ($12.5M), United States ($3.5M), Japan ($2.47M), Germany ($2.07M), and Vietnam ($965k).

Growth In July 2024, the increase in Liquid Dispersing Machines's year-by-year exports was explained primarily by an increase in exports to Uzbekistan ($5.59M or 559k%), Mexico ($2.17M or 3.24k%), and Saudi Arabia ($954k or 341%). In July 2024, the decrease in Liquid Dispersing Machines's year-by-year imports was explained primarily by a decrease in imports from China ($-3.81M or -27.7%), Italy ($-1.99M or -80.8%), and Germany ($-1.17M or -39.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$18.7M(63.8%)
IMPORT GROWTH (July 2023 - July 2024)$-495k(-1.75%)
MAIN DESTINATION (July 2024)United States$19M

This section shows Liquid Dispersing Machines'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 Liquid Dispersing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$437M
IMPORTS (2022)$322M
NET TRADE (2022)$115M

In 2022, South Korea exported $437M in Liquid Dispersing Machines. The main destinations of South Korea exports on Liquid Dispersing Machines were United States ($111M), China ($106M), Japan ($44.5M), Vietnam ($35.1M), and India ($16.9M).

In 2022, South Korea imported $322M in Liquid Dispersing Machines, mainly from China ($134M), United States ($43.3M), Germany ($34.9M), Japan ($26.8M), and Vietnam ($9.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Liquid Dispersing Machines EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$37.9M (55.9%)
United States$21.9M (24.7%)
Vietnam$11M (45.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Dispersing Machines BY South Korea WERE (2021 - 2022):
Japan-$9.29M (-17.3%)
Thailand-$6.47M (-61.4%)
Russia-$4.37M (-54%)
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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 Liquid Dispersing Machines were:
China $5.98B
Germany $3.6B
United States $3.31B
In 2022, South Korea's main importing competitors in Liquid Dispersing Machines were:
United States $3.58B
Germany $1.5B
France $1.22B

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Trade Value of Liquid Dispersing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $17.9M
TOP IMPORT POTENTIALChina+ $43.2M

Liquid Dispersing Machines’s highest export potential is China. With an export gap of $17.9M.   Liquid Dispersing Machines’s highest import potential is China with an import gap of $43.2M.

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