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2023
Exports $2.16MWorld Rnk 26 / 125
Flag Rnk 877 / 1188
2023
Destination $222k Japan
2022 - 2023
FASTEST GROWING MARKET $222kTurkey
2023
PRODUCT COMPLEXITY IN Book-binding Machines1.27Rnk 82 / 1025
2023
Imports $14MWorld Rnk 16 / 198
Flag Rnk 849 / 1208
2023
Origin $1.18M Germany
2022 - 2023
FASTEST GROWING ORIGIN $1.18MGermany
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $2.16M in Book-binding Machines, making it the 26th largest exporter of Book-binding Machines in the world. At the same year, Book-binding Machines was the 877th most exported product in South Korea. The main destination of Book-binding Machines exports from South Korea are: Japan ($561k), United States ($404k), Turkey ($229k), Hong Kong ($166k), and France ($159k).

The fastest growing export markets for Book-binding Machines of South Korea between 2022 and 2023 were Turkey ($222k), Switzerland ($43.3k), and Italy ($39.3k).

Imports In 2023, South Korea imported $14M in Book-binding Machines, becoming the 16th largest importer of Book-binding Machines in the world. At the same year, Book-binding Machines was the 849th most imported product in South Korea. South Korea imports Book-binding Machines primarily from: Germany ($4.53M), Japan ($3.62M), China ($2.44M), Belgium ($856k), and India ($786k).

The fastest growing import markets in Book-binding Machines for South Korea between 2022 and 2023 were Germany ($1.18M), India ($784k), and Belgium ($765k).

COMPANIES In 2024, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Book-binding Machines from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Book-binding Machines exports accounted up to $19k and imports accounted up to $2.76M, resulting in a negative trade balance of $2.74M. Between December 2023 and December 2024 the exports of South Korea's   Book-binding Machines have decreased by $-191k (-91%) from $210k to $19k, while imports increased by $1.49M (117%) from $1.27M to $2.76M.

Destinations In December 2024, Book-binding Machines were exported mostly to United States ($9k), India ($5k), Indonesia ($3k), Japan ($2k), and China ($0), and were imported mostly from Italy ($2.32M), China ($311k), Japan ($74k), Germany ($35k), and Portugal ($6k).

Growth In December 2024, the decrease in Book-binding Machines's year-by-year exports was explained primarily by a decrease in exports to Switzerland ($-23k or -100%), Chinese Taipei ($-15k or -100%), and Germany ($-3k or -100%). In December 2024, the increase in Book-binding Machines's year-by-year imports was explained primarily by an increase in imports from Germany ($1.11M or 154%), Japan ($302k or 351%), and China ($49k or 17.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-191k(-91%)
IMPORT GROWTH (December 2023 - December 2024)$1.49M(117%)
MAIN DESTINATION (December 2024)United States$9k

This section shows Book-binding Machines'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 Book-binding Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.16M
IMPORTS (2023)$14M
NET TRADE (2023)-$11.9M

In 2023, South Korea exported $2.16M in Book-binding Machines. The main destinations of South Korea exports on Book-binding Machines were Japan ($561k), United States ($404k), Turkey ($229k), Hong Kong ($166k), and France ($159k).

In 2023, South Korea imported $14M in Book-binding Machines, mainly from Germany ($4.53M), Japan ($3.62M), China ($2.44M), Belgium ($856k), and India ($786k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Book-binding Machines EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Turkey$222k (2.93k%)
Switzerland$43.3k (593%)
Italy$39.3k (39.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Book-binding Machines BY South Korea WERE (2022 - 2023):
United States-$242k (-37.4%)
Netherlands-$220k (-90.6%)
Japan-$182k (-24.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Book-binding Machines were:
Germany $245M
Switzerland $128M
China $95.3M
In 2023, South Korea's main importing competitors in Book-binding Machines were:
United States $247M
Netherlands $60.1M
Germany $58.3M

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Trade Value of Book-binding Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $353k
TOP IMPORT POTENTIALChina+ $785k

Book-binding Machines’s highest export potential is United States. With an export gap of $353k.   Book-binding Machines’s highest import potential is China with an import gap of $785k.

See methodology.

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