T3 · Product exporter position

Republic of Korea exports of Machine-tools: grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled (HS 846029)

See where Republic of Korea stands in machine-tools: grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled: export scale, destination breadth, market position, growth, and reported trade history.

Exporter KORHS6 846029Latest year 2024Growing

Latest exports

$18.8MLatest observed lane total

Destination markets

43Reported active markets

Three-year growth

+9%Annualized change

Destination HHI

1,518Destination concentration

Weighted share

20.2%Reported market position

Exporter evidence

How strong is Republic of Korea in Machine-tools: grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled?

Reported exporter totals and calculated indicators for HS 846029. Values retain their observed coverage period.

Exporter scale

Latest exports$18.8M
Current 2024 exports$15.6M
Three-year average$15.0M
Historical peak$67.0M

Market position

Active destinations43
Destination HHI1,518
Weighted share20.2%
Share change+8.7 pp

Competitiveness

Three-year growth+9%
Volatility1.6
Maximum drawdown93%
TrendGrowing
MeasureValueWhat it describes
ExporterRepublic of KoreaCountry represented by this profile
Latest observed exports$18.8MSum of latest observed destination-lane values
Current 2024 exports$15.6MCommon-year comparison where reported
Three-year growth+9%Annualized change in exporter totals
Five-year growth+2.6%Annualized change in exporter totals
Leading destinationINDDestination with the largest observed export value
Leading destination share31.3%Share of observed exporter totals
Destination concentration1,518HHI across destination markets
Weighted share change+8.7 ppValue-weighted latest change in market share
Limited-history lanes46.8%Share of lanes with shorter history

Destination markets

Where does Republic of Korea sell machine-tools: grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled?

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

DestinationLatest exportsMarket shareGrowthAccessSignal
India$5.9M12.6%+26.7%FTA reportedGrowing
China$3.1M10.6%-7.8%FTA reportedGrowing
Thailand$1.5M13%+59%FTA reportedAccelerating
Turkey$1.1M9.6%+130.9%FTA reportedAccelerating
Poland$904.0K7.2%+120.2%FTA reportedGrowing

Destination

India

Latest exports
$5.9M
Market share
12.6%
Growth
+26.7%
Access
FTA reported
Signal
Growing

Destination

China

Latest exports
$3.1M
Market share
10.6%
Growth
-7.8%
Access
FTA reported
Signal
Growing

Destination

Thailand

Latest exports
$1.5M
Market share
13%
Growth
+59%
Access
FTA reported
Signal
Accelerating

Destination

Turkey

Latest exports
$1.1M
Market share
9.6%
Growth
+130.9%
Access
FTA reported
Signal
Accelerating

Destination

Poland

Latest exports
$904.0K
Market share
7.2%
Growth
+120.2%
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

El Salvador: $973.0K / ton.

Lowest reported price

Brunei: $46.7 / ton.

Median price

$16.5K / ton across reported markets.

Export trend

Reported export history

Annual observations for Republic of Korea and HS 846029 where available.

YearExportsYear-on-year changeActive destinations
2010$10.9M-42.3%31
2011$10.8M-1.4%42
2012$15.9M+47.9%46
2013$12.9M-19.1%40
2014$10.7M-17%40
2015$7.9M-26%41
2016$14.3M+80.4%47
2017$25.2M+76.9%46
2018$21.5M-15%45
2019$13.7M-36.2%43
2020$10.1M-26.6%37
2021$12.0M+19.5%42
2022$15.4M+28.5%37
2023$14.1M-8.9%39
2024$15.6M+10.8%43

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 846029.

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 machine-tools: grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled 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.