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

2023
Exports $1.53BWorld Rnk 8 / 217
Flag Rnk 63 / 1188
2023
Destination $74.6M United States
2022 - 2023
FASTEST GROWING MARKET $74.6MIndonesia
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery1.46Rnk 52 / 1025
2023
Imports $1.32BWorld Rnk 13 / 225
Flag Rnk 69 / 1208
2023
Origin $23.7M China
2022 - 2023
FASTEST GROWING ORIGIN $23.7MIsrael
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.53B in Other Electrical Machinery, making it the 8th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 63rd most exported product in South Korea. The main destination of Other Electrical Machinery exports from South Korea are: United States ($412M), China ($245M), Malaysia ($122M), Indonesia ($106M), and Japan ($96.2M).

The fastest growing export markets for Other Electrical Machinery of South Korea between 2022 and 2023 were Indonesia ($74.6M), Malaysia ($49.3M), and Poland ($20M).

Imports In 2023, South Korea imported $1.32B in Other Electrical Machinery, becoming the 13th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 69th most imported product in South Korea. South Korea imports Other Electrical Machinery primarily from: China ($580M), Japan ($212M), United States ($189M), Germany ($69.6M), and Singapore ($40.2M).

The fastest growing import markets in Other Electrical Machinery for South Korea between 2022 and 2023 were Israel ($23.7M), Hong Kong ($18M), and Singapore ($13.1M).

COMPANIES In 2024, leading companies such as Samsung (8), General Motors (6), and Goldensee Limited (1) were at the forefront of shipping Other Electrical Machinery from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Other Electrical Machinery exports accounted up to $193M and imports accounted up to $160M, resulting in a positive trade balance of $33.3M. Between December 2023 and December 2024 the exports of South Korea's   Other Electrical Machinery have increased by $74.7M (63%) from $119M to $193M, while imports increased by $13.1M (8.89%) from $147M to $160M.

Destinations In December 2024, Other Electrical Machinery were exported mostly to United States ($63.5M), Russia ($53M), China ($17.4M), Vietnam ($11.1M), and Japan ($7.86M), and were imported mostly from China ($61.1M), Japan ($26.8M), United States ($21.1M), Malaysia ($17.3M), and Germany ($6.54M).

Growth In December 2024, the increase in Other Electrical Machinery's year-by-year exports was explained primarily by an increase in exports to United States ($5.6M or 19.9%), China ($5.3M or 25.6%), and Vietnam ($3.6M or 36.8%). In December 2024, the increase in Other Electrical Machinery's year-by-year imports was explained primarily by an increase in imports from Singapore ($1.96M or 149%), Israel ($705k or 60.2%), and Philippines ($545k or 514%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$74.7M(63%)
IMPORT GROWTH (December 2023 - December 2024)$13.1M(8.89%)
MAIN DESTINATION (December 2024)United States$63.5M

This section shows Other Electrical Machinery'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 Other Electrical Machinery 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)$1.53B
IMPORTS (2023)$1.32B
NET TRADE (2023)$217M

In 2023, South Korea exported $1.53B in Other Electrical Machinery. The main destinations of South Korea exports on Other Electrical Machinery were United States ($412M), China ($245M), Malaysia ($122M), Indonesia ($106M), and Japan ($96.2M).

In 2023, South Korea imported $1.32B in Other Electrical Machinery, mainly from China ($580M), Japan ($212M), United States ($189M), Germany ($69.6M), and Singapore ($40.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Indonesia$74.6M (240%)
Malaysia$49.3M (67.3%)
Poland$20M (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY South Korea WERE (2022 - 2023):
China-$163M (-40%)
Vietnam-$119M (-100%)
Japan-$34.1M (-26.2%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Other Electrical Machinery were:
China $20.3B
United States $5.26B
Germany $4.99B
In 2023, South Korea's main importing competitors in Other Electrical Machinery were:
United States $17.6B
Germany $4.08B
China $3.85B

Explore Visualizations

Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $105M
TOP IMPORT POTENTIALChina+ $198M

Other Electrical Machinery’s highest export potential is China. With an export gap of $105M.   Other Electrical Machinery’s highest import potential is China with an import gap of $198M.

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