2022
Exports
$7.46MWorld Rnk 26 / 84
Flag Rnk 772 / 1204
2022
PRODUCT COMPLEXITY IN Railway Freight Cars
-0.057Rnk 565 / 1025
2022
Imports
$2.94MWorld Rnk 46 / 140
Flag Rnk 1071 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.46M in Railway Freight Cars, making it the 26th largest exporter of Railway Freight Cars in the world. At the same year, Railway Freight Cars was the 772nd most exported product in South Korea. The main destination of Railway Freight Cars exports from South Korea are: Egypt ($4.68M), Venezuela ($2.19M), China ($577k), Vietnam ($10.3k), and United States ($1.52k).

The fastest growing export markets for Railway Freight Cars of South Korea between 2021 and 2022 were Egypt ($4.68M), Venezuela ($2.19M), and Vietnam ($10.3k).

Imports In 2022, South Korea imported $2.94M in Railway Freight Cars, becoming the 46th largest importer of Railway Freight Cars in the world. At the same year, Railway Freight Cars was the 1071st most imported product in South Korea. South Korea imports Railway Freight Cars primarily from: China ($2.93M), Singapore ($17.3k), and Czechia ($817).

The fastest growing import markets in Railway Freight Cars for South Korea between 2021 and 2022 were China ($2.89M), Singapore ($17.3k), and Czechia ($817).

COMPANIES In 2023, leading companies such as Samsung (11), Wismettac Asian Foods (2), and General Motors (2) were at the forefront of shipping Railway Freight Cars from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - September 2024)$2.98M(1.82k%)
IMPORT GROWTH (March 2023 - September 2024)$-79k(-100%)
MAIN DESTINATION (September 2024)India$3.15M

This section shows Railway Freight Cars'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 Railway Freight Cars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.46M
IMPORTS (2022)$2.94M
NET TRADE (2022)$4.51M

In 2022, South Korea exported $7.46M in Railway Freight Cars. The main destinations of South Korea exports on Railway Freight Cars were Egypt ($4.68M), Venezuela ($2.19M), China ($577k), Vietnam ($10.3k), and United States ($1.52k).

In 2022, South Korea imported $2.94M in Railway Freight Cars, mainly from China ($2.93M), Singapore ($17.3k), and Czechia ($817).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Railway Freight Cars EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Egypt$4.68M (1%)
Venezuela$2.19M (1%)
Vietnam$10.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway Freight Cars BY South Korea WERE (2021 - 2022):
China-$3.28M (-85%)
India-$340k (-100%)
Russia-$253k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Railway Freight Cars were:
In 2022, South Korea's main importing competitors in Railway Freight Cars were:

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Trade Value of Railway Freight Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.7k
TOP IMPORT POTENTIALChina+ $841k

Railway Freight Cars’s highest export potential is United States. With an export gap of $16.7k.   Railway Freight Cars’s highest import potential is China with an import gap of $841k.

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