HS Icon Clocks and watches and parts thereof in  Flag South Korea

2020
ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127

2020
PRODUCT COMPLEXITY  IN Clocks and watches and parts thereof
: 1.76, Rnk 17 / 1029

Exports In 2020, South Korea exported $92.8M in Clocks and watches and parts thereof, making it the 28th largest exporter of Clocks and watches and parts thereof in the world. At the same year, Clocks and watches and parts thereof was the 74th most exported product in South Korea. The main destination of Clocks and watches and parts thereof exports from South Korea are: Switzerland ($30.8M), Hong Kong ($19.8M), China ($10.9M), Saudi Arabia ($5.49M), and Japan ($3.92M).

The fastest growing import markets in Clocks and watches and parts thereof for South Korea between 2019 and 2020 were Ireland ($4.5M), Singapore ($2.59M), and Chinese Taipei ($884k).

Tariffs In 2018, the average tariff for South Korea in Clocks and watches and parts thereof was 4.87%. The countries with the highest import tariffs for Clocks and watches and parts thereof were Botswana (Most Favoured Nation duty rate treatement, 7.81%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 7.81%), Cameroon (Most Favoured Nation duty rate treatement, 7.81%), Republic of the Congo (Most Favoured Nation duty rate treatement, 7.81%), and Cape Verde (Most Favoured Nation duty rate treatement, 7.81%).

N/A

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Clocks and watches and parts thereof. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $92.8M

In 2020, South Korea exported $92.8M in Clocks and watches and parts thereof. The main destinations of South Korea exports on Clocks and watches and parts thereof were Switzerland ($30.8M), Hong Kong ($19.8M), China ($10.9M), Saudi Arabia ($5.49M), and Japan ($3.92M).

In N/A, South Korea imported N/A in Clocks and watches and parts thereof, mainly from Switzerland ($636M), China ($95.4M), Japan ($5.98M), France ($5.98M), and Singapore ($5.69M).

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Market Concentration

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In 2020, South Korea's main exporting competitors in Clocks and watches and parts thereof were:

In 2020, South Korea's main importing competitors in Clocks and watches and parts thereof were:

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