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2023
Exports $3.86MWorld Rnk 69 / 176
Flag Rnk 816 / 1188
2023
Destination $1.38M Malaysia
2022 - 2023
FASTEST GROWING MARKET $1.38MMalaysia
2023
PRODUCT COMPLEXITY IN Recreational Boats0.24Rnk 483 / 1025
2023
Imports $31.7MWorld Rnk 52 / 219
Flag Rnk 723 / 1208
2023
Origin $2.62M United States
2022 - 2023
FASTEST GROWING ORIGIN $2.62MHong Kong
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $3.86M in Recreational Boats, making it the 69th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 816th most exported product in South Korea. The main destination of Recreational Boats exports from South Korea are: Malaysia ($1.99M), United States ($807k), Netherlands ($194k), Hong Kong ($154k), and Kyrgyzstan ($99.5k).

The fastest growing export markets for Recreational Boats of South Korea between 2022 and 2023 were Malaysia ($1.38M), Netherlands ($191k), and Hong Kong ($154k).

Imports In 2023, South Korea imported $31.7M in Recreational Boats, becoming the 52nd largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 723rd most imported product in South Korea. South Korea imports Recreational Boats primarily from: United States ($7.45M), China ($4.04M), France ($4.02M), Hong Kong ($2.62M), and Dominican Republic ($2.5M).

The fastest growing import markets in Recreational Boats for South Korea between 2022 and 2023 were Hong Kong ($2.62M), Dominican Republic ($2.5M), and Australia ($1.29M).

COMPANIES In 2024, leading companies such as LG Electronics (1) were at the forefront of shipping Recreational Boats from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Recreational Boats exports accounted up to $88k and imports accounted up to $1.2M, resulting in a negative trade balance of $1.11M. Between December 2023 and December 2024 the exports of South Korea's   Recreational Boats have decreased by $-435k (-83.2%) from $523k to $88k, while imports decreased by $-400k (-25.1%) from $1.6M to $1.2M.

Destinations In December 2024, Recreational Boats were exported mostly to Vietnam ($28k), Hong Kong ($20k), Kyrgyzstan ($19k), Fiji ($17k), and United States ($3k), and were imported mostly from Germany ($376k), Mexico ($348k), Portugal ($129k), United States ($107k), and Japan ($97k).

Growth In December 2024, the decrease in Recreational Boats's year-by-year exports was explained primarily by a decrease in exports to Russia ($-92k or -93.9%) and China ($-1k or -100%). In December 2024, the decrease in Recreational Boats's year-by-year imports was explained primarily by a decrease in imports from United States ($-396k or -81.6%), China ($-340k or -78%), and Mexico ($-102k or -6.08%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-435k(-83.2%)
IMPORT GROWTH (December 2023 - December 2024)$-400k(-25.1%)
MAIN DESTINATION (December 2024)Vietnam$28k

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 (2023)$3.86M
IMPORTS (2023)$31.7M
NET TRADE (2023)-$27.9M

In 2023, South Korea exported $3.86M in Recreational Boats. The main destinations of South Korea exports on Recreational Boats were Malaysia ($1.99M), United States ($807k), Netherlands ($194k), Hong Kong ($154k), and Kyrgyzstan ($99.5k).

In 2023, South Korea imported $31.7M in Recreational Boats, mainly from United States ($7.45M), China ($4.04M), France ($4.02M), Hong Kong ($2.62M), and Dominican Republic ($2.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Malaysia$1.38M (227%)
Netherlands$191k (6.65k%)
Hong Kong$154k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY South Korea WERE (2022 - 2023):
Russia-$3.07M (-100%)
United States-$1.2M (-59.9%)
Austria-$502k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Recreational Boats were:
Italy $3.45B
United States $1.7B
Germany $1.55B
In 2023, South Korea's main importing competitors in Recreational Boats were:
United States $3.1B
Cayman Islands $1.83B
Canada $920M

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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.

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