Key Market Indicators
Korea's export of home appliances is expected to drop to $82 million by 2026, down 12.5% annually on average from $176 million in 2021. Since 1993, Korean exports have decreased 14.3% each year. In 2021, Korea was 19th in the world ranking, with the United Kingdom in first place at $176 million. Germany, Malaysia, and the United States were 2nd, 3rd, and 4th respectively. Korea's import of home appliances is expected to grow to $958 million by 2026, rising 3.5% annually on average from $779 million in 2021. Since 1993, Korean imports have increased 12.9% each year. In 2021, Korea was 10th in the world ranking, with Poland in first place at $779 million. Germany, Japan, and France were 2nd, 3rd, and 4th respectively.
