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Pricing

2022
Exports $4.15BWorld Rnk 5 / 221
Flag Rnk 25 / 1204
2022
Destination $1.16B China
2021 - 2022
FASTEST GROWING MARKET $1.16BChina
2022
PRODUCT COMPLEXITY IN Other Measuring Instruments1.54Rnk 44 / 1025
2022
Imports $3.51BWorld Rnk 4 / 226
Flag Rnk 24 / 1213
2022
Origin $185M United States
2021 - 2022
FASTEST GROWING ORIGIN $185MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $4.15B in Other Measuring Instruments, making it the 5th largest exporter of Other Measuring Instruments in the world. At the same year, Other Measuring Instruments was the 25th most exported product in South Korea. The main destination of Other Measuring Instruments exports from South Korea are: China ($2.02B), Vietnam ($634M), United States ($233M), Singapore ($197M), and Chinese Taipei ($134M).

The fastest growing export markets for Other Measuring Instruments of South Korea between 2021 and 2022 were China ($1.16B), Singapore ($100M), and Poland ($57.6M).

Imports In 2022, South Korea imported $3.51B in Other Measuring Instruments, becoming the 4th largest importer of Other Measuring Instruments in the world. At the same year, Other Measuring Instruments was the 24th most imported product in South Korea. South Korea imports Other Measuring Instruments primarily from: United States ($769M), Japan ($614M), China ($473M), Israel ($406M), and Singapore ($401M).

The fastest growing import markets in Other Measuring Instruments for South Korea between 2021 and 2022 were United States ($185M), Singapore ($42.4M), and China ($26.5M).

COMPANIES In 2023, leading companies such as General Motors (13), LG Electronics (5), and Samsung (2) were at the forefront of shipping Other Measuring Instruments from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Measuring Instruments exports accounted up to $271M and imports accounted up to $306M, resulting in a negative trade balance of $35.1M. Between July 2023 and July 2024 the exports of South Korea's   Other Measuring Instruments have decreased by $-53.1M (-16.4%) from $324M to $271M, while imports decreased by $-141M (-31.6%) from $447M to $306M.

Destinations In July 2024, Other Measuring Instruments were exported mostly to China ($114M), Vietnam ($27.4M), United States ($25.9M), India ($24.4M), and Japan ($18.3M), and were imported mostly from United States ($59.4M), Japan ($53.9M), China ($50.9M), Vietnam ($32.3M), and Germany ($29.8M).

Growth In July 2024, the decrease in Other Measuring Instruments's year-by-year exports was explained primarily by a decrease in exports to Hungary ($-5.07M or -62.6%), Germany ($-4.67M or -58.6%), and Chinese Taipei ($-2.8M or -31.3%). In July 2024, the decrease in Other Measuring Instruments's year-by-year imports was explained primarily by a decrease in imports from Japan ($-10.5M or -29.2%), Netherlands ($-6.15M or -50.8%), and United Kingdom ($-2.52M or -35.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-53.1M(-16.4%)
IMPORT GROWTH (July 2023 - July 2024)$-141M(-31.6%)
MAIN DESTINATION (July 2024)China$114M

This section shows Other Measuring Instruments's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Other Measuring Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.15B
IMPORTS (2022)$3.51B
NET TRADE (2022)$635M

In 2022, South Korea exported $4.15B in Other Measuring Instruments. The main destinations of South Korea exports on Other Measuring Instruments were China ($2.02B), Vietnam ($634M), United States ($233M), Singapore ($197M), and Chinese Taipei ($134M).

In 2022, South Korea imported $3.51B in Other Measuring Instruments, mainly from United States ($769M), Japan ($614M), China ($473M), Israel ($406M), and Singapore ($401M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Measuring Instruments EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$1.16B (135%)
Singapore$100M (103%)
Poland$57.6M (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Measuring Instruments BY South Korea WERE (2021 - 2022):
Hong Kong-$82.1M (-58.5%)
Vietnam-$69.2M (-9.85%)
Hungary-$13.6M (-25%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Other Measuring Instruments were:
Germany $8.71B
United States $7.13B
China $6.9B
In 2022, South Korea's main importing competitors in Other Measuring Instruments were:
China $10.8B
United States $6.69B
Germany $3.73B

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Trade Value of Other Measuring Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $98.9M
TOP IMPORT POTENTIALChina+ $142M

Other Measuring Instruments’s highest export potential is United States. With an export gap of $98.9M.   Other Measuring Instruments’s highest import potential is China with an import gap of $142M.

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