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2022
Exports $5.07MWorld Rnk 32 / 195
Flag Rnk 831 / 1204
2022
Destination $1.25M United States
2021 - 2022
FASTEST GROWING MARKET $1.25MUnited States
2022
PRODUCT COMPLEXITY IN Bells and Other Metal Ornaments-0.11Rnk 584 / 1025
2022
Imports $19.8MWorld Rnk 26 / 220
Flag Rnk 831 / 1213
2022
Origin $3.19M China
2021 - 2022
FASTEST GROWING ORIGIN $3.19MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.07M in Bells and Other Metal Ornaments, making it the 32nd largest exporter of Bells and Other Metal Ornaments in the world. At the same year, Bells and Other Metal Ornaments was the 831st most exported product in South Korea. The main destination of Bells and Other Metal Ornaments exports from South Korea are: United States ($2.1M), Japan ($1.26M), France ($827k), Vietnam ($148k), and Thailand ($94k).

The fastest growing export markets for Bells and Other Metal Ornaments of South Korea between 2021 and 2022 were United States ($1.25M), France ($821k), and Pakistan ($78.7k).

Imports In 2022, South Korea imported $19.8M in Bells and Other Metal Ornaments, becoming the 26th largest importer of Bells and Other Metal Ornaments in the world. At the same year, Bells and Other Metal Ornaments was the 831st most imported product in South Korea. South Korea imports Bells and Other Metal Ornaments primarily from: China ($15.5M), United States ($904k), Italy ($622k), Canada ($339k), and Thailand ($307k).

The fastest growing import markets in Bells and Other Metal Ornaments for South Korea between 2021 and 2022 were China ($3.19M), United States ($381k), and Canada ($318k).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Bells and Other Metal Ornaments from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Bells and Other Metal Ornaments exports accounted up to $59k and imports accounted up to $1.35M, resulting in a negative trade balance of $1.29M. Between September 2023 and September 2024 the exports of South Korea's   Bells and Other Metal Ornaments have decreased by $-5k (-7.81%) from $64k to $59k, while imports increased by $303k (29%) from $1.04M to $1.35M.

Destinations In September 2024, Bells and Other Metal Ornaments were exported mostly to Vietnam ($33k), China ($9k), Japan ($6k), United States ($3k), and Indonesia ($2k), and were imported mostly from China ($1.13M), Italy ($37k), United States ($34k), Chinese Taipei ($30k), and Japan ($23k).

Growth In September 2024, the decrease in Bells and Other Metal Ornaments's year-by-year exports was explained primarily by a decrease in exports to United States ($-16k or -43.2%), Japan ($-12k or -80%), and Poland ($-5k or -100%). In September 2024, the increase in Bells and Other Metal Ornaments's year-by-year imports was explained primarily by an increase in imports from United States ($110k or 262%), Vietnam ($22k or 550%), and India ($21k or 300%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-5k(-7.81%)
IMPORT GROWTH (September 2023 - September 2024)$303k(29%)
MAIN DESTINATION (September 2024)Vietnam$33k

This section shows Bells and Other Metal Ornaments'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 Bells and Other Metal Ornaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.07M
IMPORTS (2022)$19.8M
NET TRADE (2022)-$14.7M

In 2022, South Korea exported $5.07M in Bells and Other Metal Ornaments. The main destinations of South Korea exports on Bells and Other Metal Ornaments were United States ($2.1M), Japan ($1.26M), France ($827k), Vietnam ($148k), and Thailand ($94k).

In 2022, South Korea imported $19.8M in Bells and Other Metal Ornaments, mainly from China ($15.5M), United States ($904k), Italy ($622k), Canada ($339k), and Thailand ($307k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bells and Other Metal Ornaments EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$1.25M (148%)
France$821k (14.1k%)
Pakistan$78.7k (36.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bells and Other Metal Ornaments BY South Korea WERE (2021 - 2022):
Japan-$289k (-18.7%)
China-$182k (-88.9%)
Angola-$67.6k (-100%)
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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 Bells and Other Metal Ornaments were:
China $2.17B
India $166M
Poland $113M
In 2022, South Korea's main importing competitors in Bells and Other Metal Ornaments were:
United States $1.23B
Germany $275M
United Kingdom $136M

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Trade Value of Bells and Other Metal Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $831k
TOP IMPORT POTENTIALChina+ $4.93M

Bells and Other Metal Ornaments’s highest export potential is United States. With an export gap of $831k.   Bells and Other Metal Ornaments’s highest import potential is China with an import gap of $4.93M.

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