Key Market Indicators
Korean imports and exports of tractors are projected to soar over the next five years. Imports are expected to reach $353.9 million by 2026, up 1.5% year-on-year on average since 2021, when they stood at $322.3 million. In comparison, demand has been decreasing at a rate of 4.1% year-on-year since 1993. In 2021, New Zealand led the rankings with imports of $322.3 million, followed by Canada, France and Germany. Exports of tractors from Korea are expected to reach $808.2 million by 2026, up 2.1% year-on-year on average since 2021, when they stood at $708 million. Since 1993, supply has been increasing by 5.8% year-on-year. In 2021, Finland led the rankings with exports of $708 million, followed by Mexico, the Netherlands and the United States.
