Blank Audio Media in South Korea 2021 Exports | Imports : $10.8B | $684M, World Rnk 1 / 217 Rnk 9 / 1206 | World Rnk 18 / 222 Rnk 151 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.01B | $56M, United States | Thailand
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Blank Audio Media: 1.85, Rnk 13 / 1029
Exports In 2021, South Korea exported $10.8B in Blank Audio Media, making it the 1st largest exporter of Blank Audio Media in the world. At the same year, Blank Audio Media was the 9th most exported product in South Korea. The main destination of Blank Audio Media exports from South Korea are: United States ($5.12B), Hong Kong ($1.67B), Mexico ($505M), Chinese Taipei ($428M), and Ireland ($408M).
The fastest growing export markets for Blank Audio Media of South Korea between 2020 and 2021 were United States ($1.01B), Hong Kong ($556M), and Ireland ($196M).
Imports In 2021, South Korea imported $684M in Blank Audio Media, becoming the 18th largest importer of Blank Audio Media in the world. At the same year, Blank Audio Media was the 151st most imported product in South Korea. South Korea imports Blank Audio Media primarily from: Thailand ($122M), Chinese Taipei ($120M), Japan ($92.1M), United States ($81M), and Malaysia ($49M).
The fastest growing import markets in Blank Audio Media for South Korea between 2020 and 2021 were Thailand ($56M), Chinese Taipei ($25.8M), and United States ($11.8M).
Tariffs In 2018, the average tariff for South Korea in Blank Audio Media was 4.09%. The countries with the highest import tariffs for Blank Audio Media were Botswana (Most Favoured Nation duty rate treatment, 6.56%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 6.56%), Cameroon (Most Favoured Nation duty rate treatment, 6.56%), Republic of the Congo (Most Favoured Nation duty rate treatment, 6.56%), and Cape Verde (Most Favoured Nation duty rate treatment, 6.56%).
March 2023
Overview In March 2023 South Korea's Blank Audio Media exports accounted up to $591M and imports accounted up to $201M, resulting in a positive trade balance of $390M. Between March 2022 and March 2023 the exports of South Korea's Blank Audio Media have decreased by $-956M (-61.8%) from $1.55B to $591M, while imports decreased by $-63.7M (-24%) from $265M to $201M.
Destinations In March 2023, Blank Audio Media were exported mostly to United States ($201M), China ($135M), Hong Kong ($37.1M), Japan ($30M), and Netherlands ($28.9M), and were imported mostly from China ($68.7M), Unknown ($51.5M), Thailand ($17.6M), Chinese Taipei ($11.9M), and United States ($8.52M).
Growth In March 2023, the decrease in Blank Audio Media's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-28.7M or -65.1%), Austria ($-11.7M or -37.5%), and Chinese Taipei ($-9.31M or -21.2%). In March 2023, the decrease in Blank Audio Media's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-2.04M or -36%), Germany ($-1.53M or -30.6%), and Malaysia ($-1.51M or -21.7%).
EXPORT GROWTH (March 2022 - March 2023): $-956M, (-61.8%)
IMPORT GROWTH (March 2022 - March 2023): $-63.7M, (-24%)
MAIN DESTINATION (March 2023): United States, $201M
This section shows Blank Audio Media'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 Blank Audio Media over time.
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EXPORTS (2021): $10.8B
IMPORTS (2021): $684M
NET TRADE (2021): $10.1B
In 2021, South Korea exported $10.8B in Blank Audio Media. The main destinations of South Korea exports on Blank Audio Media were United States ($5.12B), Hong Kong ($1.67B), Mexico ($505M), Chinese Taipei ($428M), and Ireland ($408M).
In 2021, South Korea imported $684M in Blank Audio Media, mainly from Thailand ($122M), Chinese Taipei ($120M), Japan ($92.1M), United States ($81M), and Malaysia ($49M).
THE FASTEST GROWING Blank Audio Media EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Blank Audio Media BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Blank Audio Media were:
In 2021, South Korea's main importing competitors in Blank Audio Media were:
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