2023
Exports
$513MWorld Rnk 5 / 184
Flag Rnk 148 / 1188
2023
PRODUCT COMPLEXITY IN Radio Receivers
0.62Rnk 320 / 1025
2023
Imports
$80.3MWorld Rnk 23 / 216
Flag Rnk 530 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $513M in Radio Receivers, making it the 5th largest exporter of Radio Receivers in the world. At the same year, Radio Receivers was the 148th most exported product in South Korea. The main destination of Radio Receivers exports from South Korea are: United States ($404M), India ($38.5M), Morocco ($23.1M), Brazil ($18.7M), and Uzbekistan ($11.7M).

The fastest growing export markets for Radio Receivers of South Korea between 2022 and 2023 were India ($17.4M), Morocco ($7.66M), and Kazakhstan ($4M).

Imports In 2023, South Korea imported $80.3M in Radio Receivers, becoming the 23rd largest importer of Radio Receivers in the world. At the same year, Radio Receivers was the 530th most imported product in South Korea. South Korea imports Radio Receivers primarily from: China ($71.9M), United States ($2.35M), India ($955k), Italy ($904k), and Singapore ($897k).

The fastest growing import markets in Radio Receivers for South Korea between 2022 and 2023 were China ($18.7M), United States ($1.13M), and India ($836k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.53M(-4.21%)
IMPORT GROWTH (December 2023 - December 2024)$-3.41M(-65.7%)
MAIN DESTINATION (December 2024)United States$32.6M

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 (2023)$513M
IMPORTS (2023)$80.3M
NET TRADE (2023)$433M

In 2023, South Korea exported $513M in Radio Receivers. The main destinations of South Korea exports on Radio Receivers were United States ($404M), India ($38.5M), Morocco ($23.1M), Brazil ($18.7M), and Uzbekistan ($11.7M).

In 2023, South Korea imported $80.3M in Radio Receivers, mainly from China ($71.9M), United States ($2.35M), India ($955k), Italy ($904k), and Singapore ($897k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Radio Receivers EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$17.4M (82.5%)
Morocco$7.66M (49.8%)
Kazakhstan$4M (1.36k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Radio Receivers BY South Korea WERE (2022 - 2023):
United States-$33.5M (-7.65%)
Mexico-$6.27M (-76.7%)
Brazil-$4.12M (-18.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Radio Receivers were:
China $2.64B
Mexico $2.09B
In 2023, 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.

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