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2022
Exports $7.98MWorld Rnk 58 / 167
Flag Rnk 762 / 1204
2022
Destination $3.07M Russia
2021 - 2022
FASTEST GROWING MARKET $3.07MRussia
2022
PRODUCT COMPLEXITY IN Recreational Boats0.3Rnk 445 / 1025
2022
Imports $37.9MWorld Rnk 48 / 217
Flag Rnk 730 / 1213
2022
Origin $2.23M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $2.23MMexico
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.98M in Recreational Boats, making it the 58th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 762nd most exported product in South Korea. The main destination of Recreational Boats exports from South Korea are: Russia ($3.07M), United States ($2M), Malaysia ($541k), Austria ($502k), and Georgia ($313k).

The fastest growing export markets for Recreational Boats of South Korea between 2021 and 2022 were Russia ($3.07M), Malaysia ($415k), and Georgia ($313k).

Imports In 2022, South Korea imported $37.9M in Recreational Boats, becoming the 48th largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 730th most imported product in South Korea. South Korea imports Recreational Boats primarily from: Mexico ($7.44M), United States ($6.8M), China ($5.24M), Italy ($4.16M), and France ($3.45M).

The fastest growing import markets in Recreational Boats for South Korea between 2021 and 2022 were Mexico ($2.23M), France ($1.25M), and Russia ($489k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Recreational Boats exports accounted up to $108k and imports accounted up to $1.08M, resulting in a negative trade balance of $970k. Between October 2023 and October 2024 the exports of South Korea's   Recreational Boats have increased by $36k (50%) from $72k to $108k, while imports decreased by $-1.4M (-56.4%) from $2.47M to $1.08M.

Destinations In October 2024, Recreational Boats were exported mostly to Kyrgyzstan ($64k), Japan ($29k), Turkey ($15k), China ($0), and Indonesia ($0), and were imported mostly from Germany ($408k), France ($349k), China ($143k), Japan ($117k), and Portugal ($36k).

Growth In October 2024, the increase in Recreational Boats's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the decrease in Recreational Boats's year-by-year imports was explained primarily by a decrease in imports from United States ($-901k or -65%), France ($-183k or -40%), and Belgium ($-142k or -65.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$36k(50%)
IMPORT GROWTH (October 2023 - October 2024)$-1.4M(-56.4%)
MAIN DESTINATION (October 2024)Kyrgyzstan$64k

This section shows Recreational Boats'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 Recreational Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.98M
IMPORTS (2022)$37.9M
NET TRADE (2022)-$29.9M

In 2022, South Korea exported $7.98M in Recreational Boats. The main destinations of South Korea exports on Recreational Boats were Russia ($3.07M), United States ($2M), Malaysia ($541k), Austria ($502k), and Georgia ($313k).

In 2022, South Korea imported $37.9M in Recreational Boats, mainly from Mexico ($7.44M), United States ($6.8M), China ($5.24M), Italy ($4.16M), and France ($3.45M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$3.07M (1%)
Malaysia$415k (329%)
Georgia$313k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY South Korea WERE (2021 - 2022):
United Kingdom-$1.77M (-88.6%)
United States-$931k (-31.8%)
Philippines-$683k (-95.4%)
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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 Recreational Boats were:
Italy $3.5B
United States $1.89B
France $1.35B
In 2022, South Korea's main importing competitors in Recreational Boats were:
United States $3.03B
Malta $1.37B
Canada $1.13B

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.2M
TOP IMPORT POTENTIALChina+ $3.95M

Recreational Boats’s highest export potential is United States. With an export gap of $2.2M.   Recreational Boats’s highest import potential is China with an import gap of $3.95M.

See methodology.

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