T3 · Product exporter position

Republic of Korea exports of Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods (HS 890190)

See where Republic of Korea stands in vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods: export scale, destination breadth, market position, growth, and reported trade history.

Exporter KORHS6 890190Latest year 2024Rapid growth

Latest exports

$19.6BLatest observed lane total

Destination markets

31Reported active markets

Three-year growth

+45.2%Annualized change

Destination HHI

1,060Destination concentration

Weighted share

51%Reported market position

Exporter evidence

How strong is Republic of Korea in Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods?

Reported exporter totals and calculated indicators for HS 890190. Values retain their observed coverage period.

Exporter scale

Latest exports$19.6B
Current 2024 exports$17.7B
Three-year average$10.5B
Historical peak$39.4B

Market position

Active destinations31
Destination HHI1,060
Weighted share51%
Share change+14.1 pp

Competitiveness

Three-year growth+45.2%
Volatility1
Maximum drawdown89.1%
TrendRapid growth
MeasureValueWhat it describes
ExporterRepublic of KoreaCountry represented by this profile
Latest observed exports$19.6BSum of latest observed destination-lane values
Current 2024 exports$17.7BCommon-year comparison where reported
Three-year growth+45.2%Annualized change in exporter totals
Five-year growth+36.3%Annualized change in exporter totals
Leading destinationLBRDestination with the largest observed export value
Leading destination share22.5%Share of observed exporter totals
Destination concentration1,060HHI across destination markets
Weighted share change+14.1 ppValue-weighted latest change in market share
Limited-history lanes48.7%Share of lanes with shorter history

Destination markets

Where does Republic of Korea sell vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods?

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

DestinationLatest exportsMarket shareGrowthAccessSignal
Liberia$4.4B30.6%+47.8%0.1% tariffGrowing
France$2.8B72.8%+96.8%FTA reportedAccelerating
Marshall Isds$1.9B30.7%+11.6%Not reportedGrowing
Singapore$1.7B31%+91.1%FTA reportedGrowing
Denmark$1.4B80.7%+100.5%FTA reportedGrowing
Bermuda$1.2B100%+105.5%0.2% tariffGrowing
Malta$1.2B28.7%+15.3%FTA reportedAccelerating
Germany$1.2B42.8%+475.9%FTA reportedGrowing
Panama$408.2M6.8%-13.8%FTA reportedSlowing
Portugal$369.4M60.3%+54.4%FTA reportedAccelerating
Luxembourg$328.4M99.8%+0%FTA reportedAccelerating
Greece$299.5M86.8%+560.1%FTA reportedGrowing
China, Hong Kong Special Administrative Region$279.9M4.4%+0.8%0% tariffStable
Israel$267.8M93.5%+24.1%0.1% tariffAccelerating
Italy$223.2M48.3%-15.5%FTA reportedAccelerating

Destination

Liberia

Latest exports
$4.4B
Market share
30.6%
Growth
+47.8%
Access
0.1% tariff
Signal
Growing

Destination

France

Latest exports
$2.8B
Market share
72.8%
Growth
+96.8%
Access
FTA reported
Signal
Accelerating

Destination

Marshall Isds

Latest exports
$1.9B
Market share
30.7%
Growth
+11.6%
Access
Not reported
Signal
Growing

Destination

Singapore

Latest exports
$1.7B
Market share
31%
Growth
+91.1%
Access
FTA reported
Signal
Growing

Destination

Denmark

Latest exports
$1.4B
Market share
80.7%
Growth
+100.5%
Access
FTA reported
Signal
Growing

Destination

Bermuda

Latest exports
$1.2B
Market share
100%
Growth
+105.5%
Access
0.2% tariff
Signal
Growing

Destination

Malta

Latest exports
$1.2B
Market share
28.7%
Growth
+15.3%
Access
FTA reported
Signal
Accelerating

Destination

Germany

Latest exports
$1.2B
Market share
42.8%
Growth
+475.9%
Access
FTA reported
Signal
Growing

Destination

Panama

Latest exports
$408.2M
Market share
6.8%
Growth
-13.8%
Access
FTA reported
Signal
Slowing

Destination

Portugal

Latest exports
$369.4M
Market share
60.3%
Growth
+54.4%
Access
FTA reported
Signal
Accelerating

Destination

Luxembourg

Latest exports
$328.4M
Market share
99.8%
Growth
+0%
Access
FTA reported
Signal
Accelerating

Destination

Greece

Latest exports
$299.5M
Market share
86.8%
Growth
+560.1%
Access
FTA reported
Signal
Growing

Destination

China, Hong Kong Special Administrative Region

Latest exports
$279.9M
Market share
4.4%
Growth
+0.8%
Access
0% tariff
Signal
Stable

Destination

Israel

Latest exports
$267.8M
Market share
93.5%
Growth
+24.1%
Access
0.1% tariff
Signal
Accelerating

Destination

Italy

Latest exports
$223.2M
Market share
48.3%
Growth
-15.5%
Access
FTA reported
Signal
Accelerating

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

Greece: $1.6M / ton.

Lowest reported price

USA, Puerto Rico and US Virgin Islands: $3.5 / ton.

Median price

$1.5K / ton across reported markets.

Export trend

Reported export history

Annual observations for Republic of Korea and HS 890190 where available.

YearExportsYear-on-year changeActive destinations
2010$18.2B+44.7%50
2011$18.6B+2.5%46
2012$17.8B-4.4%41
2013$13.2B-26.1%46
2014$9.7B-26.3%37
2015$8.2B-15.3%39
2016$8.1B-1.4%40
2017$9.9B+22.5%38
2018$4.4B-56%37
2019$3.8B-14.1%32
2020$5.5B+46.7%28
2021$5.8B+4.9%27
2022$5.2B-10.5%29
2023$8.7B+68.9%33
2024$17.7B+102.4%31

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 890190.

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 vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods 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.