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2022
Exports $23.9BWorld Rnk 2 / 188
Flag Rnk 8 / 96
2022
Destination $2.19B Mozambique
2021 - 2022
FASTEST GROWING MARKET $2.19BLiberia
2022
PRODUCT COMPLEXITY IN Ships, boats, & floating structures0.3Rnk 445 / 1025
2022
Imports $1.96BWorld Rnk 19 / 223
Flag Rnk 41 / 96
2022
Origin $159M China
2021 - 2022
FASTEST GROWING ORIGIN $159MPanama
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $23.9B in Ships, boats, & floating structures, making it the 2nd largest exporter of Ships, boats, & floating structures in the world. At the same year, Ships, boats, & floating structures was the 8th most exported product in South Korea. The main destination of Ships, boats, & floating structures exports from South Korea are: Mozambique ($4.45B), Liberia ($4.16B), Marshall Islands ($3.24B), India ($2.14B), and Malta ($1.57B).

The fastest growing export markets for Ships, boats, & floating structures of South Korea between 2021 and 2022 were Liberia ($2.19B), Mozambique ($1.95B), and India ($1.86B).

Imports In 2022, South Korea imported $1.96B in Ships, boats, & floating structures, becoming the 19th largest importer of Ships, boats, & floating structures in the world. At the same year, Ships, boats, & floating structures was the 41st most imported product in South Korea. South Korea imports Ships, boats, & floating structures primarily from: China ($889M), Japan ($246M), Panama ($218M), United States ($119M), and Malaysia ($93.4M).

The fastest growing import markets in Ships, boats, & floating structures for South Korea between 2021 and 2022 were Panama ($159M), Malaysia ($84.6M), and Libya ($54.8M).

COMPANIES In 2023, leading companies such as LG Electronics (35), General Motors (18), and Samsung (14) were at the forefront of shipping Ships, boats, & floating structures from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Ships, boats, & floating structures exports accounted up to $2.22B and imports accounted up to $208M, resulting in a positive trade balance of $2.01B. Between September 2023 and September 2024 the exports of South Korea's   Ships, boats, & floating structures have increased by $964M (77%) from $1.25B to $2.22B, while imports increased by $88.2M (73.8%) from $120M to $208M.

Destinations In September 2024, Ships, boats, & floating structures were exported mostly to Marshall Islands ($721M), Liberia ($380M), Bermuda ($209M), France ($207M), and Denmark ($187M), and were imported mostly from Brunei ($70.2M), Panama ($48.7M), China ($33.3M), Singapore ($27M), and Japan ($26.4M).

Growth In September 2024, the increase in Ships, boats, & floating structures's year-by-year exports was explained primarily by an increase in exports to Marshall Islands ($184M or 49.6%), France ($90.9M or 109%), and Singapore ($64.4M or 45.1%). In September 2024, the increase in Ships, boats, & floating structures's year-by-year imports was explained primarily by an increase in imports from Australia ($50.5M or 62.3k%), Mexico ($1.09M or 183%), and Spain ($315k or 10.5k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$964M(77%)
IMPORT GROWTH (September 2023 - September 2024)$88.2M(73.8%)
MAIN DESTINATION (September 2024)Marshall Islands$721M

This section shows Ships, boats, & floating structures'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 Ships, boats, & floating structures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.9B
IMPORTS (2022)$1.96B
NET TRADE (2022)$22B

In 2022, South Korea exported $23.9B in Ships, boats, & floating structures. The main destinations of South Korea exports on Ships, boats, & floating structures were Mozambique ($4.45B), Liberia ($4.16B), Marshall Islands ($3.24B), India ($2.14B), and Malta ($1.57B).

In 2022, South Korea imported $1.96B in Ships, boats, & floating structures, mainly from China ($889M), Japan ($246M), Panama ($218M), United States ($119M), and Malaysia ($93.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ships, boats, & floating structures EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Liberia$2.19B (111%)
Mozambique$1.95B (78.2%)
India$1.86B (673%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ships, boats, & floating structures BY South Korea WERE (2021 - 2022):
United States-$1.44B (-87.8%)
Malta-$1.38B (-46.8%)
Greece-$872M (-53%)
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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 Ships, boats, & floating structures were:
China $26.1B
Japan $9.94B
In 2022, South Korea's main importing competitors in Ships, boats, & floating structures were:
Liberia $11.2B
United States $11.2B
Singapore $10.6B

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Trade Value of Ships, boats, & floating structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $58.3M
TOP IMPORT POTENTIALChina+ $78.6M

Ships, boats, & floating structures’s highest export potential is China. With an export gap of $58.3M.   Ships, boats, & floating structures’s highest import potential is China with an import gap of $78.6M.

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