2022
Exports
$175MWorld Rnk 25 / 212
Flag Rnk 300 / 1204
2022
PRODUCT COMPLEXITY IN Audio Alarms
0.59Rnk 325 / 1025
2022
Imports
$373MWorld Rnk 16 / 224
Flag Rnk 234 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $175M in Audio Alarms, making it the 25th largest exporter of Audio Alarms in the world. At the same year, Audio Alarms was the 300th most exported product in South Korea. The main destination of Audio Alarms exports from South Korea are: United States ($34.4M), Japan ($24.5M), China ($15.8M), Vietnam ($10.7M), and Indonesia ($6.68M).

The fastest growing export markets for Audio Alarms of South Korea between 2021 and 2022 were Qatar ($6.2M), Slovenia ($4.28M), and Vietnam ($4.18M).

Imports In 2022, South Korea imported $373M in Audio Alarms, becoming the 16th largest importer of Audio Alarms in the world. At the same year, Audio Alarms was the 234th most imported product in South Korea. South Korea imports Audio Alarms primarily from: China ($213M), United States ($41.1M), Vietnam ($29.9M), Malaysia ($12M), and Japan ($11.3M).

The fastest growing import markets in Audio Alarms for South Korea between 2021 and 2022 were United States ($9.67M), Vietnam ($7.71M), and Mexico ($1.84M).

COMPANIES In 2023, leading companies such as Nissan (12) and Samsung (1) were at the forefront of shipping Audio Alarms from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.47M(12.8%)
IMPORT GROWTH (October 2023 - October 2024)$-1.38M(-4.07%)
MAIN DESTINATION (October 2024)United States$4.04M

This section shows Audio Alarms'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 Audio Alarms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$175M
IMPORTS (2022)$373M
NET TRADE (2022)-$198M

In 2022, South Korea exported $175M in Audio Alarms. The main destinations of South Korea exports on Audio Alarms were United States ($34.4M), Japan ($24.5M), China ($15.8M), Vietnam ($10.7M), and Indonesia ($6.68M).

In 2022, South Korea imported $373M in Audio Alarms, mainly from China ($213M), United States ($41.1M), Vietnam ($29.9M), Malaysia ($12M), and Japan ($11.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Audio Alarms EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Qatar$6.2M (5.04k%)
Slovenia$4.28M (661%)
Vietnam$4.18M (64.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Audio Alarms BY South Korea WERE (2021 - 2022):
United States-$73M (-68%)
Italy-$4.78M (-61.3%)
China-$1.93M (-10.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Audio Alarms were:
In 2022, South Korea's main importing competitors in Audio Alarms were:

Explore Visualizations

Trade Value of Audio Alarms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.2M
TOP IMPORT POTENTIALChina+ $43.5M

Audio Alarms’s highest export potential is United States. With an export gap of $13.2M.   Audio Alarms’s highest import potential is China with an import gap of $43.5M.

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