Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) in South Korea

About

Exports In 2022, South Korea exported $573M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), making it the 5th largest exporter of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) in the world. At the same year, Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) was the 147th most exported product in South Korea. The main destination of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) exports from South Korea are: Kazakhstan ($534M), Brazil ($12.6M), Japan ($12.6M), United States ($3.62M), and Slovakia ($2.06M).

The fastest growing export markets for Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) of South Korea between 2021 and 2022 were Kazakhstan ($476M), Brazil ($6.9M), and Slovakia ($2.06M).

Imports In 2022, South Korea imported $9.43M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), becoming the 62nd largest importer of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) in the world. At the same year, Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) was the 950th most imported product in South Korea. South Korea imports Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) primarily from: China ($4.15M), India ($3.02M), Israel ($585k), Czechia ($383k), and United States ($280k).

The fastest growing import markets in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) for South Korea between 2021 and 2022 were India ($1.18M), Israel ($401k), and Czechia ($375k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) exports accounted up to $272k and imports accounted up to $1.06M, resulting in a negative trade balance of $790k. Between October 2023 and October 2024 the exports of South Korea's Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) have decreased by $-179k (-39.7%) from $451k to $272k, while imports decreased by $-413k (-28%) from $1.48M to $1.06M.

Destinations In October 2024, Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) were exported mostly to Brazil ($107k), France ($32k), United States ($29k), India ($23k), and Kazakhstan ($19k), and were imported mostly from Japan ($531k), Germany ($220k), China ($108k), United States ($102k), and Slovakia ($51k).

Growth In October 2024, the decrease in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to United States ($-160k or -41.8%), China ($-2k or -100%), and Vietnam ($-2k or -100%). In October 2024, the decrease in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Sweden ($-25k or -47.2%) and Germany ($-6k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)$-179k(-39.7%)

IMPORT GROWTH (October 2023 - October 2024)$-413k(-28%)

MAIN DESTINATION (October 2024)Brazil$107k

This section shows Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)'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 Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$573M

IMPORTS (2022)$9.43M

NET TRADE (2022)$563M

In 2022, South Korea exported $573M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705). The main destinations of South Korea exports on Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) were Kazakhstan ($534M), Brazil ($12.6M), Japan ($12.6M), United States ($3.62M), and Slovakia ($2.06M).

In 2022, South Korea imported $9.43M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), mainly from China ($4.15M), India ($3.02M), Israel ($585k), Czechia ($383k), and United States ($280k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Exports

Imports

Starting

Ending

THE FASTEST GROWING Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) EXPORT MARKETS FOR South Korea WERE (2021 - 2022):

Kazakhstan$476M (824%)

Brazil$6.9M (122%)

Slovakia$2.06M (1.06M%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) BY South Korea WERE (2021 - 2022):

Chile-$703k (-65.9%)

Saudi Arabia-$499k (-100%)

Philippines-$428k (-79.3%)

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