Key Market Indicators
Korean exports of electric generators are expected to reach $330 million by 2026, driven by an average 3.5% annual increase since 2021. In 2021, Korea ranked 8th in the world, with exports totaling $268 million. Spain (exports of $267 million) overtook Korea in the rankings. The United States, France and Japan were the top three exporters, respectively. Korean electric generator imports are also forecast to reach $80 million by 2026, with an average annual growth of 2.1% since 2021. In 2021, Korea ranked 21st in the world, with imports totaling $71 million. Belgium (imports of $71 million) overtook Korea in the rankings. Germany, Mexico and China were the top three importers, respectively.
