Statistical Analysis of Korean Welding Industry (V)

Abstract

In this study, the revenue and import/export status of the domestic welding industry between 2017 and 2022 was analyzed using statistics provided by the Korea International Trade Association (KITA) and Korea Statistical Information Service (KOSTAT). The welding industry can be categorized into the welding equipment/consumables industry and welding process industry, which is part of the manufacturing process in the welding application industry. The welding process industry statistics are difficult to extract from the welding application industry statistics; therefore, they were calculated using the ratio of the welding-related expenditure to the total application industry expenditure. The welding industry's revenue, exports, and imports have recently recovered after hitting a low point during the COVID-19 pandemic. Moreover, the increase in the welding process industry imports and exports in the electronics industry offset the decrease in those of the shipbuilding and offshore industry for the specified investigation period.