Clocks, watches, & parts in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $110M in Clocks, watches, & parts, making it the 29th largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 74th most exported product in South Korea. The main destination of Clocks, watches, & parts exports from South Korea are: Switzerland ($33.4M), Hong Kong ($30.4M), China ($6.48M), United States ($3.81M), and Japan ($3.52M).

The fastest growing export markets for Clocks, watches, & parts of South Korea between 2021 and 2022 were Hong Kong ($6.84M), Spain ($1.17M), and Japan ($1.03M).

Imports In 2022, South Korea imported $975M in Clocks, watches, & parts, becoming the 14th largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 59th most imported product in South Korea. South Korea imports Clocks, watches, & parts primarily from: Switzerland ($813M), China ($102M), Ireland ($11.1M), Japan ($7.41M), and France ($6.51M).

The fastest growing import markets in Clocks, watches, & parts for South Korea between 2021 and 2022 were Ireland ($4.8M), Thailand ($3.68M), and Chinese Taipei ($1.05M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (4.41k), LG ELECTRONICS U.S.A. INC. (2.85k), and NISSAN NORTH AMERICA, INC. (212) were at the forefront of shipping Clocks, watches, & parts from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Clocks, watches, & parts exports accounted up to $13.9M and imports accounted up to $94.4M, resulting in a negative trade balance of $80.4M. Between February 2023 and February 2024 the exports of South Korea's Clocks, watches, & parts have decreased by $-5.38M (-27.8%) from $19.3M to $13.9M, while imports increased by $20.4M (27.5%) from $74M to $94.4M.

Destinations In February 2024, Clocks, watches, & parts were exported mostly to Hong Kong ($7.8M), Switzerland ($3.54M), China ($1.14M), Japan ($468k), and Singapore ($254k), and were imported mostly from Switzerland ($85M), China ($4.88M), France ($1.26M), Japan ($1M), and Germany ($804k).

Growth In February 2024, the decrease in Clocks, watches, & parts's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia ($-965k or -100%), Switzerland ($-764k or -25.5%), and Vietnam ($-625k or -100%). In February 2024, the increase in Clocks, watches, & parts's year-by-year imports was explained primarily by an increase in imports from Switzerland ($1.54M or 2.76%), Thailand ($146k or 106%), and Germany ($65k or 8.56%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-5.38M(-27.8%)

IMPORT GROWTH (February 2023 - February 2024)$20.4M(27.5%)

MAIN DESTINATION (February 2024)Hong Kong$7.8M

This section shows Clocks, watches, & parts'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 Clocks, watches, & parts over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download