# Republic of Korea Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 price positioning (HS 870421)

Canonical: https://www.yugalinks.com/trade/price-exporter/kor/870421
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Republic of Korea has a median reported export price of $6.8K/t across 195 markets. Across the reported period, the highest observed price is $390.5K/t in China; the lowest is $325.8/t in Gambia.

## Summary

- Price spread: 5,764.7%
- Total trade value: $6.1B
- Average quantity: 1,279 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| Iraq | 2023 | $6.7K/t | -35.4% | +1.3% | +23.4% | $740.0M | 5 | Below |
| Turkey | 2023 | $9.3K/t | -21.3% | +1.3% | +35.5% | $418.7M | 5 | Mid |
| Australia | 2023 | $9.8K/t | -11.4% | -7.5% | +6.4% | $528.7M | 5 | Mid |
| Chile | 2023 | $11.6K/t | -5% | +7.1% | +23% | $623.3M | 5 | Mid |
| Viet Nam | 2023 | $7.7K/t | -36.3% | -1.9% | +18.7% | $622.2M | 5 | Below |
| Other Asia, nes | 2023 | $12.0K/t | -5.3% | -8.6% | +59.4% | $161.2M | 5 | Mid |
| El Salvador | 2023 | $5.0K/t | -28.8% | -5.3% | -12% | $124.0M | 5 | Below |
| Guatemala | 2023 | $4.1K/t | -45.4% | +1.1% | -23.6% | $118.3M | 5 | Below |
| Dominican Republic | 2023 | $7.7K/t | -26.6% | +12.2% | +51.7% | $82.4M | 5 | Below |
| Laos | 2023 | $6.1K/t | -31.5% | +5.5% | +2.4% | $84.7M | 5 | Below |
| Peru | 2023 | $8.5K/t | -18.5% | +4.1% | +12.5% | $165.0M | 5 | Mid |
| Jordan | 2023 | $13.4K/t | +28.6% | +8.7% | +13.9% | $207.3M | 5 | Above |
| United Kingdom | 2023 | $12.6K/t | +4.7% | -29.7% | +3.1% | $58.2M | 5 | Mid |
| Libya | 2023 | $2.7K/t | +44.8% | +22% | +114.4% | $124.6M | 5 | Above |
| South Africa | 2023 | $10.5K/t | -13.7% | -12.7% | +20.7% | $115.8M | 5 | Mid |
| China | 2023 | $4.5K/t | -57% | -41.2% | -85.2% | $837.4K | 5 | Below |
| Gambia | 2023 | $325.8/t | -72.2% | -59.8% | -18.6% | $19.7K | 5 | Below |

## Price history

- Iraq: 2017 $5.5K/t, 2019 $6.1K/t, 2020 $6.1K/t, 2022 $6.7K/t, 2023 $6.7K/t
- Turkey: 2017 $6.8K/t, 2019 $7.5K/t, 2020 $8.8K/t, 2022 $9.1K/t, 2023 $9.3K/t
- Australia: 2017 $9.2K/t, 2019 $9.5K/t, 2020 $9.5K/t, 2022 $10.6K/t, 2023 $9.8K/t
- Chile: 2017 $9.4K/t, 2019 $9.7K/t, 2020 $10.2K/t, 2022 $10.8K/t, 2023 $11.6K/t
- Viet Nam: 2017 $6.5K/t, 2019 $10.4K/t, 2020 $10.4K/t, 2022 $7.8K/t, 2023 $7.7K/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $5.6K/t | Not reported | $1.3B | 170 |
| 2019 | $5.3K/t | -6.9% | $1.2B | 178 |
| 2020 | $4.4K/t | -16.1% | $902.8M | 178 |
| 2022 | $6.1K/t | +37.8% | $1.3B | 163 |
| 2023 | $6.4K/t | +5.6% | $1.4B | 168 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 195 importer markets; 857 reported market-year observations.

## FAQ

### What does Republic of Korea price positioning show for HS 870421?

It compares Republic of Korea's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "KOR",
  "hs_code": "870421",
  "summary": {
    "num_markets": 195,
    "highest_price_importer_iso3": "CHN",
    "highest_price_usd_per_ton": 390537.5,
    "lowest_price_importer_iso3": "GMB",
    "lowest_price_usd_per_ton": 325.80929958799294,
    "median_price_across_markets": 6769.004825512274,
    "price_spread_pct": 5764.68329923049,
    "avg_quantity_metric_tons": 1279.0930140023338,
    "total_trade_value_usd": 6107199660
  },
  "marketRows": [
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      "price_vs_median_pct": -35.440898477236125,
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    {
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