2022
Exports
$7.03MWorld Rnk 24 / 194
Flag Rnk 781 / 1204
2022
PRODUCT COMPLEXITY IN Cutlery Sets
-0.066Rnk 570 / 1025
2022
Imports
$64.9MWorld Rnk 15 / 218
Flag Rnk 616 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.03M in Cutlery Sets, making it the 24th largest exporter of Cutlery Sets in the world. At the same year, Cutlery Sets was the 781st most exported product in South Korea. The main destination of Cutlery Sets exports from South Korea are: United States ($3.54M), China ($1.01M), Vietnam ($345k), Denmark ($276k), and Chinese Taipei ($158k).

The fastest growing export markets for Cutlery Sets of South Korea between 2021 and 2022 were United States ($193k), Vietnam ($179k), and Denmark ($124k).

Imports In 2022, South Korea imported $64.9M in Cutlery Sets, becoming the 15th largest importer of Cutlery Sets in the world. At the same year, Cutlery Sets was the 616th most imported product in South Korea. South Korea imports Cutlery Sets primarily from: China ($46.5M), Italy ($4.66M), France ($3.98M), Vietnam ($3.08M), and Portugal ($1.75M).

The fastest growing import markets in Cutlery Sets for South Korea between 2021 and 2022 were China ($11.8M), France ($1.68M), and Italy ($836k).

COMPANIES In 2023, leading companies such as General Motors (10) were at the forefront of shipping Cutlery Sets from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-9k(-1.98%)
IMPORT GROWTH (July 2023 - July 2024)$-723k(-18%)
MAIN DESTINATION (July 2024)United States$268k

This section shows Cutlery Sets'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 Cutlery Sets over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$7.03M
IMPORTS (2022)$64.9M
NET TRADE (2022)-$57.9M

In 2022, South Korea exported $7.03M in Cutlery Sets. The main destinations of South Korea exports on Cutlery Sets were United States ($3.54M), China ($1.01M), Vietnam ($345k), Denmark ($276k), and Chinese Taipei ($158k).

In 2022, South Korea imported $64.9M in Cutlery Sets, mainly from China ($46.5M), Italy ($4.66M), France ($3.98M), Vietnam ($3.08M), and Portugal ($1.75M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutlery Sets EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$193k (5.77%)
Vietnam$179k (109%)
Denmark$124k (81.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutlery Sets BY South Korea WERE (2021 - 2022):
China-$173k (-14.6%)
Canada-$96k (-70.5%)
Netherlands-$78.8k (-61.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Cutlery Sets were:
In 2022, South Korea's main importing competitors in Cutlery Sets were:

Explore Visualizations

Trade Value of Cutlery Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $594k
TOP IMPORT POTENTIALChina+ $8.43M

Cutlery Sets’s highest export potential is United States. With an export gap of $594k.   Cutlery Sets’s highest import potential is China with an import gap of $8.43M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with