# Republic of Korea HS 870340 exports | Yugalinks

Explore reported HS 870340 exports from Republic of Korea: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Republic of Korea |
| HS6 | 870340 |
| Latest exports | $11.4B |
| Active destinations | 138 |
| Three-year growth | +33.7% |
| Destination HHI | 2,877 |
| Weighted share | 16.3% |

## Destination markets

- USA, Puerto Rico and US Virgin Islands: $5.9B; share 20.1%; growth +52.1%
- Australia: $672.2M; share 15.1%; growth +237.8%
- Spain: $612.9M; share 13.5%; growth +18.9%
- United Kingdom: $594.8M; share 11.6%; growth +9.7%
- France: $544.6M; share 7.4%; growth +4.6%
- Israel: $455.5M; share 30.8%; growth +17%
- Canada: $404.6M; share 13.9%; growth +16.9%

## Price intelligence

- Highest reported market price: Norway at $113.0K / ton.
- Lowest reported market price: Former Arab Republic of Yemen at $416.9 / ton.
- Median reported price: $13.8K / ton.
- Price spread: 813.1%.

## Export history

- 2010: $12.3M
- 2011: $7.5M
- 2012: $4.3M
- 2013: $32.2M
- 2014: $72.1M
- 2015: $141.2M
- 2016: $158.1M
- 2017: $2.4B
- 2018: $2.4B
- 2019: $2.6B
- 2020: $2.5B
- 2021: $4.8B
- 2022: $6.3B
- 2023: $7.6B
- 2024: $11.4B

## Methods

Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.

Missing values are shown as Not reported and are not imputed.

## Complete structured values

```json
{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/kor/870340",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/870340",
    "exporter": "https://www.yugalinks.com/trade/exporter/kor/870340",
    "methodology": "https://www.yugalinks.com/methodology"
  },
  "methodology": {
    "summary": "Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.",
    "reportedValues": "Merchandise trade observations for an exporter, HS6 product, destination market, and available year.",
    "destinations": "Destination rows are ranked by latest observed exporter-lane value.",
    "prices": "Unit values are reported trade value divided by reported quantity where quantity is positive.",
    "missingData": "Missing values are shown as Not reported and are not imputed."
  },
  "exporter": {
    "hs_code": "870340",
    "exporter_iso3": "KOR",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 168,
    "current_lane_count": 138,
    "active_market_count": 138,
    "exports_latest_observed_lanes_usd": 11392949689.638306,
    "exports_current_2024_usd": 11391401019.564257,
    "exports_avg_3y_usd": 8426497907.959663,
    "exports_avg_5y_usd": 6502594677.798059,
    "exports_avg_10y_usd": 4028768733.4114037,
    "exports_cagr_3y_pct": 33.73468056515703,
    "exports_cagr_5y_pct": 33.95735515892893,
    "exports_cagr_10y_pct": 65.89619089925327,
    "exports_all_year_lane_avg_usd": 1962456639.009418,
    "exports_historical_lane_peak_usd": 12112806970.027395,
    "historical_peak_year": 2024,
    "positive_growth_year_share_pct": 65.51724137931035,
    "trend_acceleration_pct": -32.16151033409624,
    "trend_label": "Rapid growth",
    "top_market_iso3": "USA",
    "top_market_exports_usd": 5937224189.536975,
    "top_market_share_pct": 52.113143226962364,
    "destination_hhi": 2877.110149806113,
    "weighted_share_latest_pct": 16.338559431250694,
    "weighted_share_change_1y_pp": 1.904335492044167,
    "weighted_volatility_cv": 1.9691577126482465,
    "weighted_max_drawdown_pct": 91.86538511170406,
    "limited_history_lane_share_pct": 20.833333333333332,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:29:10",
    "source": "api",
    "product": {
      "hs_code": 870340,
      "hs_description": "Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power",
      "hs_chapter": 87,
      "hs_heading": 8703,
      "substitution_elasticity": null,
      "price_range_label": null,
      "trade_type_label": null
    },
    "hs_description": "Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power",
    "hs_chapter": 87,
    "hs_heading": 8703,
    "destinations": [
      {
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        "corridor_rank": 3,
        "exporter_iso3": "KOR",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 5937224189.536975,
        "exports_all_year_avg_usd": 579662029.958128,
        "exports_avg_3y_usd": 4127992553.4970245,
        "exports_avg_5y_usd": 2937926291.8041635,
        "exports_avg_10y_usd": 1729179474.9580212,
        "exports_cagr_3y_pct": 52.050923859658994,
        "exports_cagr_5y_pct": 59.39397187344837,
        "exports_cagr_10y_pct": 58.67914588168317,
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        "buyer_yoy_all_avg_pct": 104.7762,
        "buyer_trend_consistency_pct": 62.069,
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        "market_share_change_1y_pp": 1.457418435458404,
        "peer_best_share_pct": 31.551708210719347,
        "peer_top_exporter": "JPN",
        "supplier_count_latest": 41,
        "buyer_market_hhi": 2142.21,
        "distance_km": 11065.7021484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.04295669226020202,
        "tariff_advantage_pp": 0.03830231714616161,
        "volatility_cv": 2.2703895955341302,
        "max_drawdown_pct": 99.94439298421767,
        "attention_level": "Watch",
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        "exports_avg_5y_usd": 165848320.37400404,
        "exports_avg_10y_usd": 104296145.26021284,
        "exports_cagr_3y_pct": 237.794591960698,
        "exports_cagr_5y_pct": 237.02996400931528,
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        "attention_level": "High attention",
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        "signal_flag": "Accelerating",
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        "exports_avg_10y_usd": 257045755.07904118,
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        "peer_top_exporter": "ESP",
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        "buyer_market_hhi": 1338.6,
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        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "['long_distance_without_fta']",
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        "exporter_iso3": "KOR",
        "importer_iso3": "CAN",
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        "signal_flag": "Growing",
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        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "KOR",
      "hs_code": 870340,
      "num_markets": 153,
      "highest_price_importer_iso3": "NOR",
      "highest_price_usd_per_ton": 113020.69792098833,
      "lowest_price_importer_iso3": "YEM",
      "lowest_price_usd_per_ton": 416.89373297002726,
      "median_price_across_markets": 13848.902569823555,
      "price_spread_pct": 813.0882834960471,
      "avg_quantity_metric_tons": 2845.8270262172286,
      "total_trade_value_usd": 22121497127
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 12263914.503613375,
        "active_destinations": 47,
        "yoy_growth_pct": 285.38556763836664
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      {
        "year": 2011,
        "export_value_usd": 7470342.965629353,
        "active_destinations": 48,
        "yoy_growth_pct": -39.08679840006769
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      {
        "year": 2012,
        "export_value_usd": 4279380.298921232,
        "active_destinations": 46,
        "yoy_growth_pct": -42.71507588593414
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      {
        "year": 2013,
        "export_value_usd": 32240880.12381303,
        "active_destinations": 51,
        "yoy_growth_pct": 653.4006765404905
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      {
        "year": 2014,
        "export_value_usd": 72146122.81919006,
        "active_destinations": 74,
        "yoy_growth_pct": 123.77218780049095
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      {
        "year": 2015,
        "export_value_usd": 141170127.27950728,
        "active_destinations": 71,
        "yoy_growth_pct": 95.67250707748029
      },
      {
        "year": 2016,
        "export_value_usd": 158081890.63002348,
        "active_destinations": 74,
        "yoy_growth_pct": 11.979703975921234
      },
      {
        "year": 2017,
        "export_value_usd": 2416321370.854799,
        "active_destinations": 93,
        "yoy_growth_pct": 1428.5250962173666
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      {
        "year": 2018,
        "export_value_usd": 2418286996.320276,
        "active_destinations": 100,
        "yoy_growth_pct": 0.08134784922179575
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      {
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      "active_destinations": 138,
      "yoy_growth_pct": 50.83157644563523
    }
  ],
  "economy": {
    "year": 2024,
    "country_iso3": "KOR",
    "exports_usd": 719146445390.6676,
    "imports_usd": 602781511915.9164,
    "trade_balance_usd": 116364933474.75122,
    "yoy_exports_growth_pct": 8.99738243181556,
    "yoy_imports_growth_pct": -2.0488493611390823,
    "exports_cagr_3y_pct": 2.3762912989319096,
    "imports_cagr_3y_pct": 0.5600101180488037,
    "export_partner_hhi": 1005.4152216058833,
    "export_product_hhi": 224.2651640980364,
    "momentum_score": 7.011055091950464,
    "risk_score": 6.148401928519599,
    "gdp_million_usd": 1875388.209406803,
    "gdp_per_capita_usd": 36238.63990831499,
    "population": 51751065,
    "labor_force": 28232.98,
    "investment_rate_pct": 32.11,
    "savings_rate_pct": 33.94,
    "secondary_education_pct": 97.7,
    "tertiary_education_pct": 60.3,
    "total_factor_productivity": 1485.56,
    "trade_openness_pct": 81.8058450718175,
    "exports_gdp_pct": 44.50347113880819,
    "num_active_partners": 270,
    "num_fta_partners": 58,
    "num_wto_partners": 169,
    "num_eu_partners": 28,
    "num_shared_border_partners": 1,
    "num_shared_language_partners": 1,
    "avg_partner_distance_km": 9523.444444444445,
    "avg_partner_gdp_million_usd": 533678518.3258193,
    "avg_partner_gdp_per_capita_usd": 15.774186170212769,
    "avg_buyer_biz_entry_days": null,
    "avg_buyer_biz_entry_cost_pct": null,
    "pct_partners_with_fta": 21.48148148148148,
    "pct_partners_shared_language": 0.3703703703703704,
    "pct_partners_shared_border": 0.3703703703703704,
    "avg_applied_tariff_pct": 0.1325559179132643,
    "avg_mfn_tariff_pct": 0.13730118197136373,
    "avg_preferential_tariff_pct": 0.040044337595312784,
    "tariff_advantage_pp": 0.09725684437605095,
    "avg_distance_all_partners_km": 9624.182081122517,
    "num_border_partners": 20,
    "num_colonial_partners": 25,
    "avg_substitution_elasticity": -10.797487279973065,
    "pct_products_high_elasticity": 75.69542668552569,
    "pct_products_low_elasticity": 2.710985384252711,
    "real_market_potential": 193723.88455191866,
    "foreign_market_potential": 21832.519125198414
  }
}
```