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| SECTOR | IMPORTS | 5Y/YR | RANK | EXPORTS | 5Y/YR | RANK |
|---|---|---|---|---|---|---|
| Industrial Machinery | $25.5B | +15.6% | 4 | $25.2B | +2.0% | 7 |
| Automation and Robotics | $8.07B | +7.9% | 5 | $6.28B | -0.4% | 7 |
| Pumps and Valves | $6.51B | +2.9% | 9 | $7.13B | -1.4% | 8 |
| Material Handling | $1.90B | +6.8% | 18 | $3.87B | +6.7% | 9 |
| Food Processing Equipment | $584.1M | -2.5% | 26 | $863.7M | +7.2% | 15 |
| Steel and Metal Products | $43.4B | +2.0% | 8 | $51.9B | +0.7% | 6 |
| Specialty Chemicals | $12.3B | -0.5% | 7 | $14.3B | +9.7% | 9 |
| Plastics and Polymers | $14.1B | +3.4% | 17 | $41.0B | +2.5% | 4 |
| Packaging | $2.28B | +4.0% | 14 | $1.98B | +1.1% | 19 |
| Industrial Textiles | $1.70B | +2.1% | 12 | $1.87B | -2.3% | 6 |
| Electrical Equipment | $21.8B | +9.4% | 7 | $26.4B | +6.1% | 6 |
| Semiconductors and Industrial Electronics | $71.7B | +9.6% | 7 | $180.1B | +8.6% | 3 |
| Automotive Components | $8.48B | +5.1% | 22 | $27.9B | -0.2% | 6 |
| Aerospace Components | $4.54B | +7.3% | 14 | $2.99B | +1.2% | 15 |
| Medical Devices | $5.18B | +3.0% | 15 | $5.52B | +9.2% | 16 |
| Construction Materials | $3.45B | +4.1% | 9 | $1.92B | +8.3% | 21 |
| HVAC and Industrial Refrigeration | $2.86B | +4.8% | 17 | $6.10B | +3.9% | 7 |
| Power Generation Equipment | $1.08B | -4.4% | 24 | $1.41B | +1.9% | 15 |
| Water Treatment Equipment | $1.32B | +6.5% | 6 | $1.66B | +1.7% | 7 |
| Mining Equipment | $861.6M | +0.5% | 40 | $4.95B | -4.5% | 7 |
World Bank, World Development Indicators (CC BY 4.0)
Nord Gas Solutions, formerly Wartsila Gas Solutions, was selected to supply cargo handling and LPG fuel supply systems for two 40,000 cbm gas carriers being built by HD Hyundai for Byzantine Maritime. The contract was signed in June 2026 with equipment delivery to the shipyard in April 2027.
Hyundai Heavy Industries Turbomachinery signed an MOU with Pohang city and Gyeongbuk province to invest 100 billion won through 2029 in a new plant at Yeongilman 4 industrial complex producing eco-friendly turbomachinery and SMR equipment. About 100 jobs are expected to be created.
Hanwha Ocean contracted Oslo-headquartered TMC Compressors to deliver complete marine compressed air systems, with service and control compressors, for two 174,000 cbm LNG carriers for a Greek shipowner. The contract value was not disclosed.
TMC Compressors has been contracted by Samsung Heavy Industries to supply instrument and service air compressors for four LNG carriers being built for TMS Cardiff Gas. Delivery of the vessels is expected in late 2028. The contract value was not disclosed.
Burckhardt Compression will supply 14 high-pressure boil-off gas compressors for seven 174,000 m³ LNG carriers ordered by Hanwha Ocean. The order is the largest single marine order in the company's history.
GMB Korea disclosed a supply contract worth 46.03 billion won with Hyundai Motor and Kia for electric water pumps used to cool hydrogen vehicles. Deliveries run from October 1, 2027 to December 31, 2032.
Korean cosmetic glass container ODM SMCG signed a strategic business agreement with Berlin-based skincare company YEPODA GmbH to design and supply more new product containers and other cosmetic packaging. SMCG is also expanding production to serve more than 20 new clients.
Hyundai Movex signed a supply contract with Korea Kolmar worth 55.9 billion won (about 16.37% of its 2024 revenue) for logistics automation modules and robots, running until 31 August 2027.
EBARA subsidiary Ebara Precision Machinery Korea is constructing a second overhaul plant for dry vacuum pumps in Pyeongtaek, Gyeonggi Province, on a site of about 13,000 square meters. Construction began in October 2025, with completion scheduled for December 2026 and operations from January 2027; the investment is undisclosed.
Samsung Heavy Industries selected Norway-based TMC Compressors to supply instrument and service air compressor systems for four LNG carriers being built for TMS Cardiff Gas. The carriers are expected to be delivered in late 2028.
Hyosung Heavy Industries will build a new export-only extra-high-voltage circuit breaker plant and expand related production equipment in Changwon, South Korea, with a total investment of 100 billion won. The plant is targeted for completion in the first half of 2026 and will raise breaker capacity to about 1.5 times the existing level.
Swedish industrial equipment maker Atlas Copco has acquired Kyungwon Machinery Industry, a Korean air compressor manufacturer, from its CEO Lee Sang-woo and related parties for about 88 billion won.
Air Liquide signed a binding agreement to acquire DIG Airgas from Macquarie Asia-Pacific Infrastructure Fund 2 at an enterprise value of EUR 2.85 billion (KRW 4.6 trillion). Closing is expected in the first half of 2026.
BorgWarner secured a contract with a major East Asian OEM to supply wastegate turbochargers for 1.6L hybrid electric SUV engines in Korea, building on an 18-year partnership. Production begins in 2027 at its Pyongtaek, Korea facility.
BorgWarner won a contract to supply wastegate turbochargers for a 1.6L engine used in hybrid electric SUVs for an unnamed major East Asian automaker in Korea. Production is scheduled to start in 2027 at BorgWarner's Pyongtaek facility.
Kyungwon Machinery Industry, a Siheung-si, Korea maker of screw and scroll air compressors with 126 employees, has become part of Atlas Copco Group. Purchase price was not disclosed.
BHI signed a supply contract with Korea Hydro & Nuclear Power for condensers and auxiliary equipment for the Shin Hanul Units 3 and 4 nuclear reactors, valued at 46.83 billion won.
TMC Compressors secured an order from Hanwha Ocean to supply complete marine compressed air systems for 12 LNG vessel newbuilds with 174,000 cbm storage each, being built for an undisclosed LNG shipping major.
Samyang Foods announced it will absorb-merge its subsidiary Samyang Square Pack, a cardboard box maker, through a no-capital-increase merger, after acquiring an additional 5% stake to reach 100% ownership.
Hanwha Ocean selected TMC Compressors to supply marine compressed air systems for 12 LNG carriers it is building for an undisclosed shipping major; contract value not disclosed.
Atlas Copco announced it will acquire Kyungwon Machinery Industry, a Korean maker of screw and scroll air compressors with 126 employees, based in Siheung-si. The deal is expected to close in Q3 2025 subject to regulatory approval; its value was not disclosed.
Rotork plc agreed to acquire Noah Actuation, a Seoul-based South Korean electric actuator manufacturer, for an enterprise value of £44 million. The deal is expected to close in the coming days.
Suseok, a Dong-A ST Holdings subsidiary making packaging containers, will absorb-merge its wholly owned sister company Dongcheonsu, a beverage maker, with the merger effective on the 30th of next month to improve efficiency and cost competitiveness.
Dongwon F&B approved 165 billion won of investment in a new second Jincheon plant for cold food products and expanded beverage production, with spending periods running to January and April 2026.
Nakakita Seisakusho agreed to acquire Ace Valve Co. from Dta Investment Co. on November 26, 2024, with completion expected December 20, 2024. Ace Valve reported KRW 21.4 billion in total revenue for 2023.
