Korea | Imports and Exports | World | Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | Value (US$) and Value Growth, YoY (%) | 2011 - 2022
The value of exports of commodity group 85 "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles" from Korea totalled $ 210 billion in 2022. Sales of commodity group 85 from Korea went up by 4.8% compared to 2021: exports of commodity group 85 "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles" went up by $ 9.64 billion (cumulative exports of commodity group 85 from Korea amounted $200 billion in 2021)
Exports of commodity group 85 "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles" amounted to 30% of total exports from Korea (cumulative merchandise exports from Korea totalled $ 683 billion in 2022). The share of commodity group 85 in total exports from Korea decreased by 0.372 p.p. compared to 2021 (it was 31% in 2021 and cumulative exports from Korea were equal to $ 644 billion).
Where does Korea export Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles?
Top export destinations of "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles" from Korea in 2022:
- China with a share of 34% (72 billion US$)
- Vietnam with a share of 17.1% (36 billion US$)
- Hong Kong with a share of 9.72% (20 billion US$)
- USA with a share of 9.66% (20 billion US$)
- Other Asia, nes with a share of 6.68% (14 billion US$)
- Singapore with a share of 3.04% (6.4 billion US$)
- Philippines with a share of 2.21% (4.65 billion US$)
- India with a share of 2.06% (4.34 billion US$)
- Japan with a share of 1.89% (3.97 billion US$)
- Germany with a share of 1.32% (2.78 billion US$)
Exports structure of 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles - from Korea in 2022 represented by the following main commodity groups:
- 53% (112 billion US$): 8542 - Electronic integrated circuits and microassemblies
- 9.24% (19.4 billion US$): 8524 - Flat panel display modules, whether or not incorporating touch-sensitive screens
- 6.79% (14.2 billion US$): 8523 - Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, excluding products of Chapter 37
- 4.74% (9.98 billion US$): 8507 - Electric accumulators, including separators therefor, whether or not rectangular (including square)
- 3.92% (8.25 billion US$): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
- 3.13% (6.59 billion US$): 8529 - Transmission apparatus; parts suitable for use solely or principally with the apparatus of heading no. 8524 to 8528
- 2.82% (5.95 billion US$): 8534 - Printed circuits
- 2.17% (4.58 billion US$): 8541 - Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, light-emitting diodes (LED) assembled with other LEDs or not, mounted piezo-electric crystals
- 1.76% (3.71 billion US$): 8544 - Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors
- 1.57% (3.31 billion US$): 8536 - Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits (for example, switches, relays, fuses, surge suppressors, plugs, sockets, lamp-holders, junction boxes), for a voltage not exceeding 1,000 volts
The value of imports of commodity group 85 "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles" to Korea totalled $ 131 billion in 2022. Sales of commodity group 85 to Korea went up by 14.7% compared to 2021: imports of commodity group 85 "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles" went up by $ 16.9 billion (the value of imports of commodity group 85 to Korea was equal to $114 billion in 2021)
Imports of commodity group 85 "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles" accounted for 18% of total import flow to Korea (in 2022, total imports to Korea amounted to $ 731 billion). The share of commodity group 85 in total imports to Korea decreased by 0.648 p.p. compared to 2021 (it was 18.6% in 2021 and cumulative imports to Korea were equal to $ 615 billion).
Where does Korea import Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles from?
Top trading partners (import of "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles") of Korea in 2022:
- China with a share of 42% (56 billion US$)
- Other Asia, nes with a share of 16.5% (21 billion US$)
- Japan with a share of 8.72% (11.4 billion US$)
- Vietnam with a share of 8.18% (10.7 billion US$)
- USA with a share of 4.79% (6.32 billion US$)
- Malaysia with a share of 2.62% (3.46 billion US$)
- Areas, nes with a share of 2.61% (3.45 billion US$)
- Singapore with a share of 2.61% (3.44 billion US$)
- Philippines with a share of 2.21% (2.91 billion US$)
- Germany with a share of 2.06% (2.71 billion US$)
Imports structure of 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles - to Korea in 2022 represented by the following main commodity groups:
- 47% (62 billion US$): 8542 - Electronic integrated circuits and microassemblies
- 9.4% (12.3 billion US$): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
- 4.62% (6.08 billion US$): 8507 - Electric accumulators, including separators therefor, whether or not rectangular (including square)
- 4.52% (5.96 billion US$): 8541 - Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, light-emitting diodes (LED) assembled with other LEDs or not, mounted piezo-electric crystals
- 3.34% (4.41 billion US$): 8501 - Electric motors and generators (excluding generating sets).
- 3.01% (3.97 billion US$): 8544 - Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors
- 2.7% (3.55 billion US$): 8534 - Printed circuits
- 2.65% (3.5 billion US$): 8523 - Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, excluding products of Chapter 37
- 2.53% (3.34 billion US$): 8504 - Electrical transformers, static converters (for example, rectifiers) and inductors
- 2.11% (2.79 billion US$): 8524 - Flat panel display modules, whether or not incorporating touch-sensitive screens
