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2023
Exports $11.6MWorld Rnk 25 / 86
Flag Rnk 675 / 1188
2023
Destination $3.9M Chinese Taipei
2022 - 2023
FASTEST GROWING MARKET $3.9MIndia
2023
PRODUCT COMPLEXITY IN Tug Boats-1.04Rnk 840 / 1025
2023
Imports $7.78MWorld Rnk 57 / 133
Flag Rnk 934 / 1208
2023
Origin $47.9k China
2022 - 2023
FASTEST GROWING ORIGIN $47.9kUnited States
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $11.6M in Tug Boats, making it the 25th largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 675th most exported product in South Korea. The main destination of Tug Boats exports from South Korea are: Chinese Taipei ($4.66M), India ($3.9M), Philippines ($3.03M), and Ireland ($145).

The fastest growing export markets for Tug Boats of South Korea between 2022 and 2023 were India ($3.9M), Chinese Taipei ($3.22M), and Philippines ($2.42M).

Imports In 2023, South Korea imported $7.78M in Tug Boats, becoming the 57th largest importer of Tug Boats in the world. At the same year, Tug Boats was the 934th most imported product in South Korea. South Korea imports Tug Boats primarily from: China ($6.33M), Japan ($1.4M), and United States ($56.7k).

The fastest growing import markets in Tug Boats for South Korea between 2022 and 2023 were United States ($47.9k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Tug Boats exports accounted up to $0 and imports accounted up to $138k, resulting in a negative trade balance of $138k. Between November 2023 and December 2024 the exports of South Korea's   Tug Boats have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-244k (-63.9%) from $382k to $138k.

Destinations In December 2024, Tug Boats were exported mostly to Japan ($0), and were imported mostly from Japan ($138k).

Growth In December 2024, the change in Tug Boats's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Tug Boats's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (November 2023 - December 2024)$-244k(-63.9%)
MAIN DESTINATION (December 2024)Japan$0

This section shows Tug 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 Tug Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.6M
IMPORTS (2023)$7.78M
NET TRADE (2023)$3.8M

In 2023, South Korea exported $11.6M in Tug Boats. The main destinations of South Korea exports on Tug Boats were Chinese Taipei ($4.66M), India ($3.9M), Philippines ($3.03M), and Ireland ($145).

In 2023, South Korea imported $7.78M in Tug Boats, mainly from China ($6.33M), Japan ($1.4M), and United States ($56.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$3.9M (1%)
Chinese Taipei$3.22M (224%)
Philippines$2.42M (400%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY South Korea WERE (2022 - 2023):
Belgium-$112M (-100%)
China-$2.66M (-100%)
Indonesia-$1.78M (-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 Tug Boats were:
Saudi Arabia $920M
India $499M
Turkey $345M
In 2023, South Korea's main importing competitors in Tug Boats were:
United Arab Emirates $1.05B
India $298M
Singapore $233M

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.91M
TOP IMPORT POTENTIALJapan+ $255k

Tug Boats’s highest export potential is China. With an export gap of $1.91M.   Tug Boats’s highest import potential is Japan with an import gap of $255k.

See methodology.

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