Key Market Indicators
**Korean Aerospace Imports to Hit $5.1 Billion by 2028** Korean Aerospace imports are projected to reach $5.1 billion by 2028, rising from $4.8 billion in 2023. This marks an annual growth rate of 1.1%. Since 1993, Korean demand for aerospace imports has increased by an average of 3.2% annually. In 2023, Korea ranked 7th in the world for aerospace imports, with Russia leading at $4.8 billion. Singapore, Ireland, and Canada followed in the 2nd, 3rd, and 4th positions, respectively. **Korean Aerospace Exports to Reach $4.4 Billion by 2028** On the export front, Korean Aerospace is expected to reach $4.4 billion by 2028, up from $3.6 billion in 2023. This represents an annual growth rate of 3.3%. Since 1993, Korean aerospace supply has grown by an average of 2.9% each year. In 2023, Korea ranked 11th globally in aerospace exports, with Poland ahead at $3.6 billion. France, Germany, and Singapore held the 2nd, 3rd, and 4th positions, respectively.
