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Who buys South Korea’s excavators and construction machinery? Export destinations 2024

In 2024, South Korea exported $2.8 billion of excavators and construction machinery (551 thousand tonnes), 4.8% of the world total. Its main destinations were the United States (25%), Belgium (6%) and Turkey (5%). South Korea was the world’s 5th-largest exporter of excavators and construction machinery.

Summary

Value
$2.8billion
Tonnes
551thousand tonnes
Share of world total
4.8%
World rank
5th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
United States699Tonnes: 102,678USD per tonne: $6,80324.6%Sea
Belgium re-exports170Tonnes: 48,627USD per tonne: $3,4916%Sea
Turkey155Tonnes: 29,343USD per tonne: $5,2865.5%Sea
Canada153Tonnes: 17,287USD per tonne: $8,8605.4%Sea
Saudi Arabia98.9Tonnes: 24,693USD per tonne: $4,0063.5%Sea
United Kingdom89.1Tonnes: 12,791USD per tonne: $6,9643.1%Sea
Australia75.9Tonnes: 12,468USD per tonne: $6,0912.7%Sea
Vietnam64.6Tonnes: 24,070USD per tonne: $2,6842.3%Sea
Peru51.4Tonnes: 11,632USD per tonne: $4,4151.8%Sea
Germany50.5Tonnes: 5,718USD per tonne: $8,8231.8%Sea
United Arab Emirates46.3Tonnes: 11,649USD per tonne: $3,9761.6%Sea
India42.8Tonnes: 10,037USD per tonne: $4,2611.5%Sea
Norway42.4Tonnes: 5,852USD per tonne: $7,2461.5%Sea
Russia40.6Tonnes: 8,251USD per tonne: $4,9241.4%Sea
Pakistan39.3Tonnes: 7,273USD per tonne: $5,4011.4%Sea
Mexico36.4Tonnes: 5,804USD per tonne: $6,2741.3%Sea
Spain35.2Tonnes: 5,708USD per tonne: $6,1661.2%Sea
Chile35.1Tonnes: 7,255USD per tonne: $4,8331.2%Sea
Israel32.6Tonnes: 7,489USD per tonne: $4,3551.2%Sea
Morocco31.5Tonnes: 7,668USD per tonne: $4,1111.1%Sea

Trend

Who it sells to

The United States has been its main destination since 2009

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

  • United States 0.7
  • Belgium 0.17
  • Turkey 0.16
  • Canada 0.15
  • Saudi Arabia 0.1

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.130.7
Belgium< 0.010.17
Turkey0.010.16
Canada0.030.15
Saudi Arabia< 0.010.1

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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