Valves in South Korea | The Observatory of Economic Complexity

About

Exports In 2023, South Korea exported $2.37B in Valves, making it the 10th largest exporter of Valves in the world. At the same year, Valves was the 42nd most exported product in South Korea. The main destination of Valves exports from South Korea are: China ($595M), United States ($569M), Mexico ($137M), India ($131M), and Japan ($129M).

The fastest growing export markets for Valves of South Korea between 2022 and 2023 were China ($135M), United States ($49.8M), and India ($15.8M).

Imports In 2023, South Korea imported $2.65B in Valves, becoming the 9th largest importer of Valves in the world. At the same year, Valves was the 27th most imported product in South Korea. South Korea imports Valves primarily from: China ($696M), Japan ($404M), United States ($353M), Germany ($259M), and Philippines ($258M).

The fastest growing import markets in Valves for South Korea between 2022 and 2023 were Philippines ($256M), Singapore ($31.1M), and Germany ($27.2M).

COMPANIES In 2024, leading companies such as Ford Motor Company (17), SIGMA Corp (6), and Danfoss (6) were at the forefront of shipping Valves from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Valves exports accounted up to $211M and imports accounted up to $245M, resulting in a negative trade balance of $33.9M. Between December 2023 and December 2024 the exports of South Korea's Valves have increased by $16.4M (8.44%) from $194M to $211M, while imports increased by $20M (8.88%) from $225M to $245M.

Destinations In December 2024, Valves were exported mostly to China ($53M), United States ($50.9M), India ($13.2M), Mexico ($11M), and Japan ($9.53M), and were imported mostly from China ($76.6M), United States ($35.7M), Japan ($34.8M), Germany ($17.4M), and Vietnam ($11.7M).

Growth In December 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to United States ($16M or 46.3%), China ($15.9M or 53.5%), and India ($2.12M or 18.1%). In December 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from Germany ($6.35M or 41.9%), China ($4.54M or 6.93%), and France ($3.4M or 52.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$16.4M(8.44%)

IMPORT GROWTH (December 2023 - December 2024)$20M(8.88%)

MAIN DESTINATION (December 2024)China$53M

This section shows Valves'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 Valves over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$2.37B

IMPORTS (2023)$2.65B

NET TRADE (2023)-$271M

In 2023, South Korea exported $2.37B in Valves. The main destinations of South Korea exports on Valves were China ($595M), United States ($569M), Mexico ($137M), India ($131M), and Japan ($129M).

In 2023, South Korea imported $2.65B in Valves, mainly from China ($696M), Japan ($404M), United States ($353M), Germany ($259M), and Philippines ($258M).

Explore Visualizations