2023
Exports
$3.54MWorld Rnk 38 / 129
Flag Rnk 826 / 1188
2023
PRODUCT COMPLEXITY IN Vending Machines
0.74Rnk 269 / 1025
2023
Imports
$8.85MWorld Rnk 39 / 196
Flag Rnk 920 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $3.54M in Vending Machines, making it the 38th largest exporter of Vending Machines in the world. At the same year, Vending Machines was the 826th most exported product in South Korea. The main destination of Vending Machines exports from South Korea are: United States ($1.4M), Chinese Taipei ($477k), United Kingdom ($392k), Canada ($314k), and Hong Kong ($147k).

The fastest growing export markets for Vending Machines of South Korea between 2022 and 2023 were Chinese Taipei ($477k), Indonesia ($96.6k), and Canada ($89.4k).

Imports In 2023, South Korea imported $8.85M in Vending Machines, becoming the 39th largest importer of Vending Machines in the world. At the same year, Vending Machines was the 920th most imported product in South Korea. South Korea imports Vending Machines primarily from: China ($6.31M), Israel ($831k), Italy ($494k), Chinese Taipei ($470k), and Canada ($208k).

The fastest growing import markets in Vending Machines for South Korea between 2022 and 2023 were Chinese Taipei ($406k), Canada ($178k), and Hong Kong ($126k).

COMPANIES In 2024, leading companies such as Haas Automation (2) were at the forefront of shipping Vending Machines from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$239k(151%)
IMPORT GROWTH (December 2023 - December 2024)$-183k(-19%)
MAIN DESTINATION (December 2024)Turkey$168k

This section shows Vending Machines'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 Vending Machines 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
EXPORTS (2023)$3.54M
IMPORTS (2023)$8.85M
NET TRADE (2023)-$5.31M

In 2023, South Korea exported $3.54M in Vending Machines. The main destinations of South Korea exports on Vending Machines were United States ($1.4M), Chinese Taipei ($477k), United Kingdom ($392k), Canada ($314k), and Hong Kong ($147k).

In 2023, South Korea imported $8.85M in Vending Machines, mainly from China ($6.31M), Israel ($831k), Italy ($494k), Chinese Taipei ($470k), and Canada ($208k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vending Machines EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Chinese Taipei$477k (1%)
Indonesia$96.6k (525%)
Canada$89.4k (39.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vending Machines BY South Korea WERE (2022 - 2023):
Hong Kong-$904k (-86%)
United States-$443k (-24%)
Saudi Arabia-$279k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Vending Machines were:
In 2023, South Korea's main importing competitors in Vending Machines were:

Explore Visualizations

Trade Value of Vending Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $407k
TOP IMPORT POTENTIALChina+ $1.59M

Vending Machines’s highest export potential is United States. With an export gap of $407k.   Vending Machines’s highest import potential is China with an import gap of $1.59M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with