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Pricing

2022
Exports $98.7MWorld Rnk 8 / 153
Flag Rnk 378 / 1204
2022
Destination $2.97M United States
2021 - 2022
FASTEST GROWING MARKET $2.97MUnited States
2022
PRODUCT COMPLEXITY IN Flexible Metal Tubing0.44Rnk 391 / 1025
2022
Imports $65.2MWorld Rnk 14 / 214
Flag Rnk 614 / 1213
2022
Origin $1.63M China
2021 - 2022
FASTEST GROWING ORIGIN $1.63MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $98.7M in Flexible Metal Tubing, making it the 8th largest exporter of Flexible Metal Tubing in the world. At the same year, Flexible Metal Tubing was the 378th most exported product in South Korea. The main destination of Flexible Metal Tubing exports from South Korea are: United States ($31.6M), China ($13M), Japan ($12.8M), Chinese Taipei ($6.94M), and India ($5.41M).

The fastest growing export markets for Flexible Metal Tubing of South Korea between 2021 and 2022 were United States ($2.97M), Mexico ($1.28M), and Japan ($956k).

Imports In 2022, South Korea imported $65.2M in Flexible Metal Tubing, becoming the 14th largest importer of Flexible Metal Tubing in the world. At the same year, Flexible Metal Tubing was the 614th most imported product in South Korea. South Korea imports Flexible Metal Tubing primarily from: China ($28.5M), United States ($9M), Vietnam ($7.61M), Japan ($5.52M), and Germany ($3.96M).

The fastest growing import markets in Flexible Metal Tubing for South Korea between 2021 and 2022 were China ($1.63M), Japan ($1.53M), and Mexico ($457k).

COMPANIES In 2023, leading companies such as Samsung (2) were at the forefront of shipping Flexible Metal Tubing from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Flexible Metal Tubing exports accounted up to $8.3M and imports accounted up to $5.64M, resulting in a positive trade balance of $2.67M. Between July 2023 and July 2024 the exports of South Korea's   Flexible Metal Tubing have decreased by $-247k (-2.89%) from $8.55M to $8.3M, while imports decreased by $-521k (-8.46%) from $6.16M to $5.64M.

Destinations In July 2024, Flexible Metal Tubing were exported mostly to Japan ($2.25M), United States ($1.4M), Vietnam ($710k), Germany ($579k), and China ($566k), and were imported mostly from China ($2.12M), United States ($1.53M), Vietnam ($880k), Japan ($250k), and United Kingdom ($182k).

Growth In July 2024, the decrease in Flexible Metal Tubing's year-by-year exports was explained primarily by a decrease in exports to China ($-902k or -81.1%), United States ($-484k or -23.4%), and Japan ($-384k or -36.8%). In July 2024, the decrease in Flexible Metal Tubing's year-by-year imports was explained primarily by a decrease in imports from Denmark ($-87k or -98.9%), South Africa ($-77k or -35%), and Netherlands ($-30k or -8.55%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-247k(-2.89%)
IMPORT GROWTH (July 2023 - July 2024)$-521k(-8.46%)
MAIN DESTINATION (July 2024)Japan$2.25M

This section shows Flexible Metal Tubing'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 Flexible Metal Tubing over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$98.7M
IMPORTS (2022)$65.2M
NET TRADE (2022)$33.5M

In 2022, South Korea exported $98.7M in Flexible Metal Tubing. The main destinations of South Korea exports on Flexible Metal Tubing were United States ($31.6M), China ($13M), Japan ($12.8M), Chinese Taipei ($6.94M), and India ($5.41M).

In 2022, South Korea imported $65.2M in Flexible Metal Tubing, mainly from China ($28.5M), United States ($9M), Vietnam ($7.61M), Japan ($5.52M), and Germany ($3.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flexible Metal Tubing EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$2.97M (10.4%)
Mexico$1.28M (2.38k%)
Japan$956k (8.06%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flexible Metal Tubing BY South Korea WERE (2021 - 2022):
China-$3.52M (-21.3%)
Indonesia-$884k (-48.6%)
United Arab Emirates-$459k (-32.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Flexible Metal Tubing were:
China $557M
Germany $347M
United States $315M
In 2022, South Korea's main importing competitors in Flexible Metal Tubing were:
United States $369M
Germany $206M
France $128M

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Trade Value of Flexible Metal Tubing by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.2M
TOP IMPORT POTENTIALChina+ $3.84M

Flexible Metal Tubing’s highest export potential is China. With an export gap of $3.2M.   Flexible Metal Tubing’s highest import potential is China with an import gap of $3.84M.

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