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2022
Exports $179MWorld Rnk 8 / 102
Flag Rnk 298 / 1204
2022
Destination $25.4M Russia
2021 - 2022
FASTEST GROWING MARKET $25.4MChinese Taipei
2022
PRODUCT COMPLEXITY IN Other Sea Vessels-0.29Rnk 646 / 1025
2022
Imports $82MWorld Rnk 14 / 178
Flag Rnk 558 / 1213
2022
Origin $5.15M China
2021 - 2022
FASTEST GROWING ORIGIN $5.15MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $179M in Other Sea Vessels, making it the 8th largest exporter of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 298th most exported product in South Korea. The main destination of Other Sea Vessels exports from South Korea are: Russia ($133M), Chinese Taipei ($40.2M), Indonesia ($4.49M), New Zealand ($1.27M), and Malaysia ($436k).

The fastest growing export markets for Other Sea Vessels of South Korea between 2021 and 2022 were Chinese Taipei ($25.4M), Russia ($7.29M), and Indonesia ($3.71M).

Imports In 2022, South Korea imported $82M in Other Sea Vessels, becoming the 14th largest importer of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 558th most imported product in South Korea. South Korea imports Other Sea Vessels primarily from: China ($53.3M), United Kingdom ($11.6M), United States ($9.8M), India ($5.15M), and Norway ($739k).

The fastest growing import markets in Other Sea Vessels for South Korea between 2021 and 2022 were India ($5.15M), France ($516k), and Japan ($258k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Other Sea Vessels exports accounted up to $170k and imports accounted up to $1.82M, resulting in a negative trade balance of $1.65M. Between October 2023 and October 2024 the exports of South Korea's   Other Sea Vessels have increased by $165k (3.3k%) from $5k to $170k, while imports increased by $794k (77.5%) from $1.02M to $1.82M.

Destinations In October 2024, Other Sea Vessels were exported mostly to New Zealand ($170k), China ($0), Germany ($0), Norway ($0), and Canada ($0), and were imported mostly from China ($1.36M), Norway ($219k), Germany ($189k), Canada ($53k), and United States ($0).

Growth In October 2024, the increase in Other Sea Vessels's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the increase in Other Sea Vessels's year-by-year imports was explained primarily by an increase in imports from France ($455k or 68.1%), China ($372k or 54.5%), and Germany ($28k or 215%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$165k(3.3k%)
IMPORT GROWTH (October 2023 - October 2024)$794k(77.5%)
MAIN DESTINATION (October 2024)New Zealand$170k

This section shows Other Sea Vessels'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 Sea Vessels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$179M
IMPORTS (2022)$82M
NET TRADE (2022)$97.5M

In 2022, South Korea exported $179M in Other Sea Vessels. The main destinations of South Korea exports on Other Sea Vessels were Russia ($133M), Chinese Taipei ($40.2M), Indonesia ($4.49M), New Zealand ($1.27M), and Malaysia ($436k).

In 2022, South Korea imported $82M in Other Sea Vessels, mainly from China ($53.3M), United Kingdom ($11.6M), United States ($9.8M), India ($5.15M), and Norway ($739k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Sea Vessels EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$25.4M (172%)
Russia$7.29M (5.82%)
Indonesia$3.71M (471%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Sea Vessels BY South Korea WERE (2021 - 2022):
Philippines-$169M (-100%)
Malaysia-$473k (-52%)
India-$425k (-95.1%)
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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 Other Sea Vessels were:
Spain $936M
Oman $523M
Singapore $500M
In 2022, South Korea's main importing competitors in Other Sea Vessels were:
India $852M
Saudi Arabia $841M
Norway $515M

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Trade Value of Other Sea Vessels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $318k
TOP IMPORT POTENTIALIndia+ $915k

Other Sea Vessels’s highest export potential is Vietnam. With an export gap of $318k.   Other Sea Vessels’s highest import potential is India with an import gap of $915k.

See methodology.

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