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

About

Exports In 2023, South Korea exported $713M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), making it the 6th 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 121st 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 ($666M), Slovakia ($13.3M), Brazil ($11.6M), Japan ($4.32M), and United States ($3.58M).

The fastest growing export markets for Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) of South Korea between 2022 and 2023 were Kazakhstan ($666M), Slovakia ($12.6M), and India ($1.49M).

Imports In 2023, South Korea imported $6.26M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), becoming the 72nd 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 968th most imported product in South Korea. South Korea imports Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) primarily from: India ($1.58M), China ($1.07M), Japan ($950k), Czechia ($866k), and United States ($482k).

The fastest growing import markets in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) for South Korea between 2022 and 2023 were Japan ($911k), Czechia ($412k), and Slovakia ($326k).

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) exports accounted up to $1.79M and imports accounted up to $480k, resulting in a positive trade balance of $1.31M. Between January 2024 and January 2025 the exports of South Korea's Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) have decreased by $-7.03M (-79.7%) from $8.82M to $1.79M, while imports decreased by $-338k (-41.3%) from $818k to $480k.

Destinations In January 2025, Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) were exported mostly to Brazil ($929k), Mongolia ($246k), Philippines ($187k), Slovenia ($111k), and United States ($97k), and were imported mostly from Indonesia ($184k), China ($131k), Germany ($93k), Mexico ($27k), and India ($19k).

Growth In January 2025, 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 Brazil ($-2.07M or -100%), United States ($-217k or -97.3%), and Slovakia ($-30k or -100%). In January 2025, the decrease in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Turkey ($-269k or -100%), China ($-259k or -98.5%), and United States ($-237k or -69.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2024 - January 2025)$-7.03M(-79.7%)

IMPORT GROWTH (January 2024 - January 2025)$-338k(-41.3%)

MAIN DESTINATION (January 2025)Brazil$929k

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 (2023)$713M

IMPORTS (2023)$6.26M

NET TRADE (2023)$706M

In 2023, South Korea exported $713M 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 ($666M), Slovakia ($13.3M), Brazil ($11.6M), Japan ($4.32M), and United States ($3.58M).

In 2023, South Korea imported $6.26M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), mainly from India ($1.58M), China ($1.07M), Japan ($950k), Czechia ($866k), and United States ($482k).

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Export Destinations (2023)

Import Origins (2023)

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 (2022 - 2023):

Kazakhstan$666M (1%)

Slovakia$12.6M (1.78k%)

India$1.49M (78.2%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) BY South Korea WERE (2022 - 2023):

Japan-$8.24M (-65.6%)

United States-$1.25M (-25.9%)

Russia-$993k (-100%)

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