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2022
Exports $62.9MWorld Rnk 9 / 154
Flag Rnk 447 / 1204
2022
Destination $1.96M United States
2021 - 2022
FASTEST GROWING MARKET $1.96MUnited States
2022
PRODUCT COMPLEXITY IN Ink Ribbons1.06Rnk 149 / 1025
2022
Imports $39.2MWorld Rnk 12 / 214
Flag Rnk 723 / 1213
2022
Origin $2.94M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $2.94MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $62.9M in Ink Ribbons, making it the 9th largest exporter of Ink Ribbons in the world. At the same year, Ink Ribbons was the 447th most exported product in South Korea. The main destination of Ink Ribbons exports from South Korea are: United States ($12.2M), Germany ($9.1M), China ($8.28M), United Kingdom ($6.97M), and Singapore ($2.85M).

The fastest growing export markets for Ink Ribbons of South Korea between 2021 and 2022 were United States ($1.96M), Singapore ($1.84M), and Turkey ($821k).

Imports In 2022, South Korea imported $39.2M in Ink Ribbons, becoming the 12th largest importer of Ink Ribbons in the world. At the same year, Ink Ribbons was the 723rd most imported product in South Korea. South Korea imports Ink Ribbons primarily from: Singapore ($15M), Japan ($12.3M), China ($4.9M), Malaysia ($2.9M), and Vietnam ($1.12M).

The fastest growing import markets in Ink Ribbons for South Korea between 2021 and 2022 were Japan ($2.94M), Malaysia ($1.64M), and Singapore ($690k).

COMPANIES In 2023, leading companies such as SIGMA Corp (15) were at the forefront of shipping Ink Ribbons from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Ink Ribbons exports accounted up to $5.99M and imports accounted up to $4.41M, resulting in a positive trade balance of $1.58M. Between July 2023 and July 2024 the exports of South Korea's   Ink Ribbons have increased by $1.47M (32.6%) from $4.52M to $5.99M, while imports increased by $956k (27.6%) from $3.46M to $4.41M.

Destinations In July 2024, Ink Ribbons were exported mostly to United Kingdom ($1.03M), United States ($967k), China ($646k), Germany ($591k), and Turkey ($523k), and were imported mostly from Japan ($1.47M), Singapore ($1.27M), Malaysia ($544k), China ($513k), and United States ($317k).

Growth In July 2024, the increase in Ink Ribbons's year-by-year exports was explained primarily by an increase in exports to Germany ($185k or 21.6%), India ($99k or 115%), and Malaysia ($95k or 1.58k%). In July 2024, the increase in Ink Ribbons's year-by-year imports was explained primarily by an increase in imports from Germany ($133k or 4.43k%), Malaysia ($128k or 29.7%), and Japan ($105k or 9.05%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.47M(32.6%)
IMPORT GROWTH (July 2023 - July 2024)$956k(27.6%)
MAIN DESTINATION (July 2024)United Kingdom$1.03M

This section shows Ink Ribbons'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 Ink Ribbons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$62.9M
IMPORTS (2022)$39.2M
NET TRADE (2022)$23.7M

In 2022, South Korea exported $62.9M in Ink Ribbons. The main destinations of South Korea exports on Ink Ribbons were United States ($12.2M), Germany ($9.1M), China ($8.28M), United Kingdom ($6.97M), and Singapore ($2.85M).

In 2022, South Korea imported $39.2M in Ink Ribbons, mainly from Singapore ($15M), Japan ($12.3M), China ($4.9M), Malaysia ($2.9M), and Vietnam ($1.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ink Ribbons EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$1.96M (19.2%)
Singapore$1.84M (183%)
Turkey$821k (81.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ink Ribbons BY South Korea WERE (2021 - 2022):
China-$2.03M (-19.7%)
Germany-$1.89M (-17.2%)
United Kingdom-$1.82M (-20.7%)
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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 Ink Ribbons were:
Japan $301M
China $243M
France $171M
In 2022, South Korea's main importing competitors in Ink Ribbons were:
United States $195M
Germany $126M
Netherlands $106M

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Trade Value of Ink Ribbons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.26M
TOP IMPORT POTENTIALChina+ $2.73M

Ink Ribbons’s highest export potential is China. With an export gap of $3.26M.   Ink Ribbons’s highest import potential is China with an import gap of $2.73M.

See methodology.

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