T3 · Product exporter position

Republic of Korea exports of Pumps and compressors: for air, vacuum or gas, n.e.s. in heading no. 8414 (HS 841480)

See where Republic of Korea stands in pumps and compressors: for air, vacuum or gas, n.e.s. in heading no. 8414: export scale, destination breadth, market position, growth, and reported trade history.

Exporter KORHS6 841480Latest year 2024Growing

Latest exports

$618.4MLatest observed lane total

Destination markets

155Reported active markets

Three-year growth

+9.9%Annualized change

Destination HHI

919Destination concentration

Weighted share

11%Reported market position

Exporter evidence

How strong is Republic of Korea in Pumps and compressors: for air, vacuum or gas, n.e.s. in heading no. 8414?

Reported exporter totals and calculated indicators for HS 841480. Values retain their observed coverage period.

Exporter scale

Latest exports$618.4M
Current 2024 exports$613.9M
Three-year average$552.5M
Historical peak$1.7B

Market position

Active destinations155
Destination HHI919
Weighted share11%
Share change+1 pp

Competitiveness

Three-year growth+9.9%
Volatility1.2
Maximum drawdown89.2%
TrendGrowing
MeasureValueWhat it describes
ExporterRepublic of KoreaCountry represented by this profile
Latest observed exports$618.4MSum of latest observed destination-lane values
Current 2024 exports$613.9MCommon-year comparison where reported
Three-year growth+9.9%Annualized change in exporter totals
Five-year growth+1.8%Annualized change in exporter totals
Leading destinationSVKDestination with the largest observed export value
Leading destination share20.4%Share of observed exporter totals
Destination concentration919HHI across destination markets
Weighted share change+1 ppValue-weighted latest change in market share
Limited-history lanes8%Share of lanes with shorter history

Destination markets

Where does Republic of Korea sell pumps and compressors: for air, vacuum or gas, n.e.s. in heading no. 8414?

Leading destination observations ranked by reported export value, with market position and access context.

DestinationLatest exportsMarket shareGrowthAccessSignal
Slovakia$125.9M38%+22.2%FTA reportedAccelerating
USA, Puerto Rico and US Virgin Islands$83.2M2.1%+11%FTA reportedAccelerating
China$77.7M5.1%+8.1%FTA reportedGrowing

Destination

Slovakia

Latest exports
$125.9M
Market share
38%
Growth
+22.2%
Access
FTA reported
Signal
Accelerating

Destination

USA, Puerto Rico and US Virgin Islands

Latest exports
$83.2M
Market share
2.1%
Growth
+11%
Access
FTA reported
Signal
Accelerating

Destination

China

Latest exports
$77.7M
Market share
5.1%
Growth
+8.1%
Access
FTA reported
Signal
Growing

Price intelligence

How does Republic of Korea's price position vary?

Price comparisons are shown where market-level unit-value observations are available. They describe reported trade values and quantities, not quoted selling prices.

Highest reported price

Maldives: $20.4M / ton.

Lowest reported price

Gambia: $38.5 / ton.

Median price

$23.0K / ton across reported markets.

Export trend

Reported export history

Annual observations for Republic of Korea and HS 841480 where available.

YearExportsYear-on-year changeActive destinations
2010$273.1M+64.4%143
2011$370.2M+35.6%143
2012$423.3M+14.4%150
2013$437.8M+3.4%143
2014$434.4M-0.8%152
2015$490.2M+12.8%152
2016$722.9M+47.5%150
2017$468.0M-35.3%160
2018$443.5M-5.2%149
2019$562.0M+26.7%155
2020$410.1M-27%155
2021$462.2M+12.7%144
2022$456.7M-1.2%154
2023$586.9M+28.5%151
2024$613.9M+4.6%155

Exporter context

Republic of Korea economy and trade network

The exporter profile adds country-level trade and structural context to the selected product position. These indicators describe the country overall and are not limited to HS 841480.

Republic of Korea has reported exports of $719.1B and a trade balance of $116.4B in 2024.

Available structural indicators include 81.8% trade openness, 32.1% investment, and 270 active trade partners.

Reported values

Export totals and destination values describe reported merchandise trade for the stated exporter, HS6 classification, and available year.

Calculated indicators

Growth, concentration, weighted share, volatility, drawdown, and price comparisons are calculated from reported observations.

Coverage

Missing values remain “Not reported”. Country-level indicators are presented separately from product-level observations.

Frequently asked questions

Questions about Republic of Korea pumps and compressors: for air, vacuum or gas, n.e.s. in heading no. 8414 exports

Quick answers based on the figures and coverage shown on this page.

How strong is this exporter?

Use latest exports, destination breadth, growth, concentration, and weighted share together rather than relying on one measure.

Which markets are most important?

The destination table ranks reported markets by the latest observed export value.

Does the price section show quotes?

No. It summarizes reported trade value and quantity observations converted to unit values.

What should be checked next?

Compare this exporter with buyer markets, corridors, and the product overview before making a commercial decision.