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Where does South Korea get its batteries? Import sources 2024

In 2024, South Korea imported $5.2 billion of batteries (228 thousand tonnes), 3.4% of the world total. China sold 83% of the total, followed by Indonesia (10%) and Vietnam (1%). South Korea was the world’s 4th-largest importer of batteries.

Summary

Value
$5.2billion
Tonnes
228thousand tonnes
Share of world total
3.4%
World rank
4th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China4.3Tonnes: 177,356USD per tonne: $24,22483%Sea
Indonesia0.49Tonnes: 18,124USD per tonne: $27,1929.5%Sea
Vietnam0.08Tonnes: 8,101USD per tonne: $9,4451.5%Air
United States0.07Tonnes: 3,671USD per tonne: $18,2221.3%Sea
Japan0.05Tonnes: 5,396USD per tonne: $9,9181%Sea
Germany0.04Tonnes: 5,548USD per tonne: $7,5090.81%Sea
Poland0.04Tonnes: 829USD per tonne: $42,7580.68%Air
Hungary0.02Tonnes: 406USD per tonne: $48,1740.38%Air
Italy0.02Tonnes: 1,815USD per tonne: $10,5650.37%Air
Taiwan0.01Tonnes: 233USD per tonne: $43,8720.2%Sea
France0.01Tonnes: 285USD per tonne: $21,3670.12%Sea
Malaysia0.01Tonnes: 169USD per tonne: $35,1810.11%Sea
Denmark0.01Tonnes: 4USD per tonne: $1,492,1830.1%Air
Spain0.01Tonnes: 93USD per tonne: $55,9180.1%Air
Thailand0.01Tonnes: 1,179USD per tonne: $4,3620.1%Sea
Sweden< 0.01Tonnes: 179USD per tonne: $18,8830.07%Sea
United Kingdom< 0.01Tonnes: 64USD per tonne: $51,0920.06%Air
India< 0.01Tonnes: 609USD per tonne: $4,7570.06%Sea
Norway< 0.01Tonnes: 82USD per tonne: $29,5000.05%Sea
Philippines< 0.01Tonnes: 205USD per tonne: $11,8270.05%Sea

Trend

Who it buys from

China has been its main source since 2005

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

  • China 4.3
  • Indonesia 0.49
  • Vietnam 0.08
  • United States 0.07
  • Japan 0.05

Source: CEPII BACI

Show the numbers
Partner19952024
China0.014.3
Indonesia< 0.010.49
Vietnam00.08
United States0.020.07
Japan0.090.05

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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