Sign In
Pricing

2022
Exports $432MWorld Rnk 16 / 200
Flag Rnk 174 / 1204
2022
Destination $29.4M United States
2021 - 2022
FASTEST GROWING MARKET $29.4MIndia
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $516MWorld Rnk 12 / 220
Flag Rnk 184 / 1213
2022
Origin $23.1M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $23.1MSingapore
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $432M in Navigation Equipment, making it the 16th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 174th most exported product in South Korea. The main destination of Navigation Equipment exports from South Korea are: United States ($120M), Vietnam ($55.7M), India ($36.9M), China ($31.9M), and Czechia ($25.7M).

The fastest growing export markets for Navigation Equipment of South Korea between 2021 and 2022 were India ($29.4M), United States ($24.2M), and Vietnam ($16.7M).

Imports In 2022, South Korea imported $516M in Navigation Equipment, becoming the 12th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 184th most imported product in South Korea. South Korea imports Navigation Equipment primarily from: Singapore ($160M), United States ($97.7M), China ($68.1M), Spain ($31.2M), and Vietnam ($26.6M).

The fastest growing import markets in Navigation Equipment for South Korea between 2021 and 2022 were Singapore ($23.1M), Spain ($21.1M), and China ($19.7M).

COMPANIES In 2023, leading companies such as Samsung (17), General Motors (3), and Hongkong Xin Jie Technology (2) were at the forefront of shipping Navigation Equipment from South Korea to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Navigation Equipment exports accounted up to $33M and imports accounted up to $52.3M, resulting in a negative trade balance of $19.4M. Between August 2023 and August 2024 the exports of South Korea's   Navigation Equipment have decreased by $-578k (-1.72%) from $33.6M to $33M, while imports decreased by $-3.26M (-5.86%) from $55.6M to $52.3M.

Destinations In August 2024, Navigation Equipment were exported mostly to United States ($9.66M), India ($2.86M), Turkey ($2.56M), Brazil ($2.45M), and Vietnam ($2.07M), and were imported mostly from Singapore ($16M), United States ($12.8M), China ($8.18M), Vietnam ($5.39M), and Spain ($2.86M).

Growth In August 2024, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to India ($-3.55M or -72.4%), Vietnam ($-1.72M or -36.2%), and China ($-995k or -54.1%). In August 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from Hungary ($-948k or -29.1%), Austria ($-784k or -75.3%), and France ($-739k or -51.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-578k(-1.72%)
IMPORT GROWTH (August 2023 - August 2024)$-3.26M(-5.86%)
MAIN DESTINATION (August 2024)United States$9.66M

This section shows Navigation Equipment'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 Navigation Equipment 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 (2022)$432M
IMPORTS (2022)$516M
NET TRADE (2022)-$84.2M

In 2022, South Korea exported $432M in Navigation Equipment. The main destinations of South Korea exports on Navigation Equipment were United States ($120M), Vietnam ($55.7M), India ($36.9M), China ($31.9M), and Czechia ($25.7M).

In 2022, South Korea imported $516M in Navigation Equipment, mainly from Singapore ($160M), United States ($97.7M), China ($68.1M), Spain ($31.2M), and Vietnam ($26.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$29.4M (392%)
United States$24.2M (25.2%)
Vietnam$16.7M (42.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY South Korea WERE (2021 - 2022):
Slovakia-$9.47M (-39.9%)
Romania-$5.92M (-89%)
Russia-$4.11M (-73.3%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Navigation Equipment were:
China $3.22B
United States $2.61B
Germany $1.95B
In 2022, South Korea's main importing competitors in Navigation Equipment were:
United States $3.89B
Germany $1.74B
China $1.5B

Explore Visualizations

Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $27M
TOP IMPORT POTENTIALChina+ $39.6M

Navigation Equipment’s highest export potential is China. With an export gap of $27M.   Navigation Equipment’s highest import potential is China with an import gap of $39.6M.

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