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Pricing

2022
Exports $3.67MWorld Rnk 44 / 154
Flag Rnk 862 / 1204
2022
Destination $1.34M France
2021 - 2022
FASTEST GROWING MARKET $1.34MFrance
2022
PRODUCT COMPLEXITY IN Binoculars and Telescopes0.32Rnk 438 / 1025
2022
Imports $25.3MWorld Rnk 19 / 209
Flag Rnk 795 / 1213
2022
Origin $9.17M China
2021 - 2022
FASTEST GROWING ORIGIN $9.17MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.67M in Binoculars and Telescopes, making it the 44th largest exporter of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 862nd most exported product in South Korea. The main destination of Binoculars and Telescopes exports from South Korea are: France ($1.37M), United States ($937k), Indonesia ($287k), United Kingdom ($189k), and Germany ($148k).

The fastest growing export markets for Binoculars and Telescopes of South Korea between 2021 and 2022 were France ($1.34M), Indonesia ($286k), and United Kingdom ($87.8k).

Imports In 2022, South Korea imported $25.3M in Binoculars and Telescopes, becoming the 19th largest importer of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 795th most imported product in South Korea. South Korea imports Binoculars and Telescopes primarily from: China ($14.2M), United States ($5.16M), Israel ($1.38M), Austria ($726k), and Singapore ($597k).

The fastest growing import markets in Binoculars and Telescopes for South Korea between 2021 and 2022 were China ($9.17M), Israel ($1.23M), and United States ($1.14M).

COMPANIES In 2023, leading companies such as CSI Importers (3) and Samsung (1) were at the forefront of shipping Binoculars and Telescopes from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Binoculars and Telescopes exports accounted up to $93k and imports accounted up to $620k, resulting in a negative trade balance of $527k. Between October 2023 and October 2024 the exports of South Korea's   Binoculars and Telescopes have decreased by $-1.07M (-92%) from $1.16M to $93k, while imports decreased by $-3.69M (-85.6%) from $4.31M to $620k.

Destinations In October 2024, Binoculars and Telescopes were exported mostly to United Kingdom ($33k), France ($24k), United States ($15k), Japan ($14k), and Thailand ($3k), and were imported mostly from China ($409k), United States ($105k), Japan ($49k), Chinese Taipei ($18k), and United Kingdom ($10k).

Growth In October 2024, the decrease in Binoculars and Telescopes's year-by-year exports was explained primarily by a decrease in exports to Germany ($-36k or -100%), Japan ($-18k or -100%), and Italy ($-6k or -42.9%). In October 2024, the decrease in Binoculars and Telescopes's year-by-year imports was explained primarily by a decrease in imports from United States ($-91k or -49.2%), United Kingdom ($-39k or -83%), and Chinese Taipei ($-22k or -88%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-1.07M(-92%)
IMPORT GROWTH (October 2023 - October 2024)$-3.69M(-85.6%)
MAIN DESTINATION (October 2024)United Kingdom$33k

This section shows Binoculars and Telescopes'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 Binoculars and Telescopes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.67M
IMPORTS (2022)$25.3M
NET TRADE (2022)-$21.7M

In 2022, South Korea exported $3.67M in Binoculars and Telescopes. The main destinations of South Korea exports on Binoculars and Telescopes were France ($1.37M), United States ($937k), Indonesia ($287k), United Kingdom ($189k), and Germany ($148k).

In 2022, South Korea imported $25.3M in Binoculars and Telescopes, mainly from China ($14.2M), United States ($5.16M), Israel ($1.38M), Austria ($726k), and Singapore ($597k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Binoculars and Telescopes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
France$1.34M (4.71k%)
Indonesia$286k (15.3k%)
United Kingdom$87.8k (87.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Binoculars and Telescopes BY South Korea WERE (2021 - 2022):
United States-$689k (-42.4%)
Thailand-$386k (-99%)
Israel-$204k (-96.7%)
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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 Binoculars and Telescopes were:
China $730M
United States $256M
Germany $138M
In 2022, South Korea's main importing competitors in Binoculars and Telescopes were:
United States $485M
Germany $175M
Australia $96.4M

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Trade Value of Binoculars and Telescopes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $563k
TOP IMPORT POTENTIALChina+ $3.46M

Binoculars and Telescopes’s highest export potential is United States. With an export gap of $563k.   Binoculars and Telescopes’s highest import potential is China with an import gap of $3.46M.

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