Description
South Korea's Shipbuilding Completion Volume (Cumulative Value) is published by the Ministry of Trade, Industry and Energy (MOTIE) of South Korea. This indicator measures the total shipbuilding output completed within a specific period, providing insights into the health and activity level of South Korea's shipbuilding industry. Higher shipbuilding completion volumes typically indicate industry prosperity, which positively impacts related industries and the economy, while lower figures may suggest a slowdown in development.
The shipbuilding completion volume is calculated by accumulating the total tonnage of ships completed within a specific period. The statistical scope includes all types of vessels built by South Korean shipyards, covering both domestic and export orders.
This data is updated monthly, providing the cumulative completion volume up to the reporting month.