Weapons in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $1.19B in Weapons, making it the 2nd largest exporter of Weapons in the world. At the same year, Weapons was the 37th most exported product in South Korea. The main destination of Weapons exports from South Korea are: United Arab Emirates ($322M), Saudi Arabia ($299M), Poland ($257M), United States ($111M), and Indonesia ($52.7M).

The fastest growing export markets for Weapons of South Korea between 2021 and 2022 were Poland ($238M), Saudi Arabia ($192M), and Philippines ($22.1M).

Imports In 2022, South Korea imported $252M in Weapons, becoming the 16th largest importer of Weapons in the world. At the same year, Weapons was the 80th most imported product in South Korea. South Korea imports Weapons primarily from: United States ($205M), Italy ($8.28M), United Arab Emirates ($6.69M), Israel ($6.24M), and Germany ($4.2M).

The fastest growing import markets in Weapons for South Korea between 2021 and 2022 were United States ($5.61M), France ($3.06M), and United Arab Emirates ($1.56M).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (200), SAMSUNG ELECTRONICS AMERICA (196), and LG ELECTRONICS U.S.A. INC. (178) were at the forefront of shipping Weapons from South Korea to the United States.

Latest Trends

October 2022

About

Overview In October 2022 South Korea's Weapons exports accounted up to $256M and imports accounted up to $8.12M, resulting in a positive trade balance of $248M. Between October 2021 and October 2022 the exports of South Korea's Weapons have increased by $179M (231%) from $77.5M to $256M, while imports decreased by $-53.4M (-86.8%) from $61.5M to $8.12M.

Destinations In October 2022, Weapons were exported mostly to , and were imported mostly from .

Growth In October 2022, the increase in Weapons's year-by-year exports was explained primarily by an increase in exports to . In October 2022, the decrease in Weapons's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)$179M(231%)

IMPORT GROWTH (October 2021 - October 2022)$-53.4M(-86.8%)

MAIN DESTINATION (October 2022)

This section shows Weapons'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 Weapons over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download