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Who buys South Korea’s batteries? Export destinations 2024

In 2024, South Korea exported $9.4 billion of batteries (1 million tonnes), 6.1% of the world total. Its main destinations were the United States (42%), Germany (9%) and Japan (5%). South Korea was the world’s 2nd-largest exporter of batteries.

Summary

Value
$9.4billion
Tonnes
1million tonnes
Share of world total
6.1%
World rank
2nd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States3.9Tonnes: 353,197USD per tonne: $11,06141.6%Sea
Germany0.84Tonnes: 33,794USD per tonne: $24,7398.9%Air
Japan0.47Tonnes: 86,966USD per tonne: $5,3545%Sea
China0.46Tonnes: 13,976USD per tonne: $33,0884.9%Sea
Vietnam0.42Tonnes: 22,867USD per tonne: $18,2504.4%Sea
Poland0.27Tonnes: 16,065USD per tonne: $16,5172.8%Sea
India0.25Tonnes: 14,014USD per tonne: $17,7032.6%Sea
Hungary0.24Tonnes: 8,956USD per tonne: $27,0072.6%Sea
Australia0.23Tonnes: 65,956USD per tonne: $3,4882.5%Sea
Belgium re-exports0.21Tonnes: 8,051USD per tonne: $26,3152.3%Sea
Taiwan0.17Tonnes: 15,691USD per tonne: $10,6061.8%Sea
Slovakia0.16Tonnes: 1,874USD per tonne: $85,5811.7%Air
United Kingdom0.14Tonnes: 37,286USD per tonne: $3,7441.5%Sea
Finland0.13Tonnes: 3,988USD per tonne: $31,9461.4%Sea
Canada0.12Tonnes: 32,194USD per tonne: $3,7931.3%Sea
Mexico0.12Tonnes: 7,247USD per tonne: $16,8111.3%Air
Italy0.1Tonnes: 6,951USD per tonne: $15,0451.1%Air
France0.1Tonnes: 16,358USD per tonne: $6,3401.1%Sea
Russia0.08Tonnes: 18,529USD per tonne: $4,0900.81%Sea
United Arab Emirates0.07Tonnes: 25,090USD per tonne: $2,6150.7%Sea

Trend

Who it sells to

The United States has been its main destination since 2017

Value in USD billions. The five largest destinations in 2024.

  • United States 3.9
  • Germany 0.84
  • Japan 0.47
  • China 0.46
  • Vietnam 0.42

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.043.9
Germany0.010.84
Japan0.030.47
China< 0.010.46
Vietnam< 0.010.42

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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