In 2023, around 7.3 billion U.S. dollars' worth of lithium-ion (Li-ion) batteries were exported from South Korea. Leading Li-ion battery makers in South Korea are LG Energy Solution, Samsung SDI, and SK On. The global Li-ion battery market is expected to grow steadily with the popularity of electric vehicles.
International trade of Li-ion batteries from South Korea
The rechargeable nature of Li-ion batteries has made them a core component of many modern electronic devices, such as smartphones. It is also just as crucial for electricity-based transport, such as electric vehicles or electric scooters. The rise of eMobility in recent years has played a part in the increasing demand for Li-ion batteries around the world.
Value of lithium-ion batteries exported from South Korea from 2014 to 2023
(in billion U.S. dollars)
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Korea International Trade Association. (March 27, 2024). Value of lithium-ion batteries exported from South Korea from 2014 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1100046/south-korea-lithium-ion-battery-export-value/
Korea International Trade Association. "Value of lithium-ion batteries exported from South Korea from 2014 to 2023 (in billion U.S. dollars)." Chart. March 27, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1100046/south-korea-lithium-ion-battery-export-value/
Korea International Trade Association. (2024). Value of lithium-ion batteries exported from South Korea from 2014 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1100046/south-korea-lithium-ion-battery-export-value/
Korea International Trade Association. "Value of Lithium-ion Batteries Exported from South Korea from 2014 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 27 Mar 2024, https://www.statista.com/statistics/1100046/south-korea-lithium-ion-battery-export-value/
Korea International Trade Association, Value of lithium-ion batteries exported from South Korea from 2014 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1100046/south-korea-lithium-ion-battery-export-value/ (last visited December 04, 2024)
Value of lithium-ion batteries exported from South Korea from 2014 to 2023 (in billion U.S. dollars) [Graph], Korea International Trade Association, March 27, 2024. [Online]. Available: https://www.statista.com/statistics/1100046/south-korea-lithium-ion-battery-export-value/