Sign In
Pricing

2022
Exports $16.1BWorld Rnk 2 / 137
Flag Rnk 6 / 1204
2022
Destination $2.19B Liberia
2021 - 2022
FASTEST GROWING MARKET $2.19BLiberia
2022
PRODUCT COMPLEXITY IN Passenger and Cargo Ships-0.47Rnk 691 / 1025
2022
Imports $1.71BWorld Rnk 11 / 185
Flag Rnk 59 / 1213
2022
Origin $159M China
2021 - 2022
FASTEST GROWING ORIGIN $159MPanama
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $16.1B in Passenger and Cargo Ships, making it the 2nd largest exporter of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 6th most exported product in South Korea. The main destination of Passenger and Cargo Ships exports from South Korea are: Liberia ($4.16B), Marshall Islands ($3.24B), Malta ($1.57B), Singapore ($1.28B), and France ($1.27B).

The fastest growing export markets for Passenger and Cargo Ships of South Korea between 2021 and 2022 were Liberia ($2.19B), France ($531M), and Saudi Arabia ($276M).

Imports In 2022, South Korea imported $1.71B in Passenger and Cargo Ships, becoming the 11th largest importer of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 59th most imported product in South Korea. South Korea imports Passenger and Cargo Ships primarily from: China ($771M), Japan ($225M), Panama ($218M), United States ($99.8M), and Malaysia ($87.4M).

The fastest growing import markets in Passenger and Cargo Ships for South Korea between 2021 and 2022 were Panama ($159M), Malaysia ($78.7M), and Libya ($54.8M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Passenger and Cargo Ships exports accounted up to $2.21B and imports accounted up to $204M, resulting in a positive trade balance of $2.01B. Between September 2023 and September 2024 the exports of South Korea's   Passenger and Cargo Ships have increased by $1.16B (111%) from $1.05B to $2.21B, while imports increased by $90M (79.3%) from $114M to $204M.

Destinations In September 2024, Passenger and Cargo Ships were exported mostly to Marshall Islands ($721M), Liberia ($380M), Bermuda ($209M), France ($207M), and Denmark ($187M), and were imported mostly from Brunei ($70.2M), Panama ($48.7M), China ($32.1M), Singapore ($26.4M), and Japan ($26.2M).

Growth In September 2024, the increase in Passenger and Cargo Ships's year-by-year exports was explained primarily by an increase in exports to Marshall Islands ($184M or 49.6%), France ($90.9M or 109%), and Singapore ($64.4M or 45.1%). In September 2024, the increase in Passenger and Cargo Ships's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$1.16B(111%)
IMPORT GROWTH (September 2023 - September 2024)$90M(79.3%)
MAIN DESTINATION (September 2024)Marshall Islands$721M

This section shows Passenger and Cargo Ships'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 Passenger and Cargo Ships 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)$16.1B
IMPORTS (2022)$1.71B
NET TRADE (2022)$14.3B

In 2022, South Korea exported $16.1B in Passenger and Cargo Ships. The main destinations of South Korea exports on Passenger and Cargo Ships were Liberia ($4.16B), Marshall Islands ($3.24B), Malta ($1.57B), Singapore ($1.28B), and France ($1.27B).

In 2022, South Korea imported $1.71B in Passenger and Cargo Ships, mainly from China ($771M), Japan ($225M), Panama ($218M), United States ($99.8M), and Malaysia ($87.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Liberia$2.19B (111%)
France$531M (72%)
Saudi Arabia$276M (285%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY South Korea WERE (2021 - 2022):
Malta-$1.38B (-46.8%)
Greece-$872M (-53%)
Panama-$822M (-61.2%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Passenger and Cargo Ships were:
China $17.6B
Japan $9.4B
In 2022, South Korea's main importing competitors in Passenger and Cargo Ships were:
Liberia $11.2B
United States $7.14B
Marshall Islands $6.8B

Explore Visualizations

Trade Value of Passenger and Cargo Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $56.1M
TOP IMPORT POTENTIALChina+ $72M

Passenger and Cargo Ships’s highest export potential is China. With an export gap of $56.1M.   Passenger and Cargo Ships’s highest import potential is China with an import gap of $72M.

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