2022
Exports
$479MWorld Rnk 6 / 182
Flag Rnk 168 / 1204
2022
PRODUCT COMPLEXITY IN Radio Receivers
0.42Rnk 398 / 1025
2022
Imports
$83.2MWorld Rnk 30 / 214
Flag Rnk 554 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $479M in Radio Receivers, making it the 6th largest exporter of Radio Receivers in the world. At the same year, Radio Receivers was the 168th most exported product in South Korea. The main destination of Radio Receivers exports from South Korea are: United States ($430M), Uzbekistan ($11.4M), India ($4.3M), Morocco ($4.03M), and Mexico ($3.47M).

The fastest growing export markets for Radio Receivers of South Korea between 2021 and 2022 were United States ($145M), South Africa ($1.86M), and Egypt ($1.01M).

Imports In 2022, South Korea imported $83.2M in Radio Receivers, becoming the 30th largest importer of Radio Receivers in the world. At the same year, Radio Receivers was the 554th most imported product in South Korea. South Korea imports Radio Receivers primarily from: China ($55.6M), Spain ($12M), United States ($6.67M), Malaysia ($3.63M), and Singapore ($957k).

The fastest growing import markets in Radio Receivers for South Korea between 2021 and 2022 were Malaysia ($1.41M), United States ($960k), and Mexico ($332k).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Radio Receivers from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$17.8M(56%)
IMPORT GROWTH (October 2023 - October 2024)$833k(21.3%)
MAIN DESTINATION (October 2024)United States$47.1M

This section shows Radio Receivers'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 Radio Receivers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$479M
IMPORTS (2022)$83.2M
NET TRADE (2022)$396M

In 2022, South Korea exported $479M in Radio Receivers. The main destinations of South Korea exports on Radio Receivers were United States ($430M), Uzbekistan ($11.4M), India ($4.3M), Morocco ($4.03M), and Mexico ($3.47M).

In 2022, South Korea imported $83.2M in Radio Receivers, mainly from China ($55.6M), Spain ($12M), United States ($6.67M), Malaysia ($3.63M), and Singapore ($957k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Radio Receivers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$145M (50.7%)
South Africa$1.86M (135%)
Egypt$1.01M (69.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Radio Receivers BY South Korea WERE (2021 - 2022):
India-$7.89M (-64.7%)
Russia-$5.13M (-80.1%)
Uzbekistan-$3.46M (-23.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Radio Receivers were:
China $4.02B
Mexico $1.85B
In 2022, South Korea's main importing competitors in Radio Receivers were:

Explore Visualizations

Trade Value of Radio Receivers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.61M
TOP IMPORT POTENTIALChina+ $19.9M

Radio Receivers’s highest export potential is India. With an export gap of $6.61M.   Radio Receivers’s highest import potential is China with an import gap of $19.9M.

See methodology.

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