In 2021, China came first in terms of export destinations by the South Korean water industry with a value of approximately 430 billion South Korean won. The Middle East came in second with around 377 billion won. The lack of natural resources in South Korea has meant that the country had to develop expertise in building dams and operating hydropower plants to provide sufficient water and energy for its large population.
South Korea’s water management
In South Korea, the main sources of drinkable water are dams, rivers, and groundwater. Most of the water available for use comes from dams, while water from river basins is almost fully allocated for some other kind of use. To tackle the issue of water scarcity, the South Korean government has invested over 800 billion won in research and development within the water industry.
Wastewater treatment
Part of efforts to secure an adequate supply of water in the country is the processing and reusing of wastewater. In 2020, South Korea treated over 19 million cubic meters of wastewater daily. This has steadily increased on average in the past 10 years and is likely to continue growing with further consumption.
Export volume from the water industry in South Korea in 2021, by region
(in billion South Korean won)
Characteristic
Exports in billion South Korean won
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ME (South Korea). (March 24, 2023). Export volume from the water industry in South Korea in 2021, by region (in billion South Korean won) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1382492/south-korea-export-volume-water-industry-by-region/
ME (South Korea). "Export volume from the water industry in South Korea in 2021, by region (in billion South Korean won)." Chart. March 24, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1382492/south-korea-export-volume-water-industry-by-region/
ME (South Korea). (2023). Export volume from the water industry in South Korea in 2021, by region (in billion South Korean won). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1382492/south-korea-export-volume-water-industry-by-region/
ME (South Korea). "Export Volume from The Water Industry in South Korea in 2021, by Region (in Billion South Korean Won)." Statista, Statista Inc., 24 Mar 2023, https://www.statista.com/statistics/1382492/south-korea-export-volume-water-industry-by-region/
ME (South Korea), Export volume from the water industry in South Korea in 2021, by region (in billion South Korean won) Statista, https://www.statista.com/statistics/1382492/south-korea-export-volume-water-industry-by-region/ (last visited August 25, 2024)
Export volume from the water industry in South Korea in 2021, by region (in billion South Korean won) [Graph], ME (South Korea), March 24, 2023. [Online]. Available: https://www.statista.com/statistics/1382492/south-korea-export-volume-water-industry-by-region/