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2022
Exports $8.36MWorld Rnk 30 / 195
Flag Rnk 754 / 1204
2022
Destination $331k Indonesia
2021 - 2022
FASTEST GROWING MARKET $331kThailand
2022
PRODUCT COMPLEXITY IN Knives0.85Rnk 223 / 1025
2022
Imports $46MWorld Rnk 17 / 219
Flag Rnk 688 / 1213
2022
Origin $147k China
2021 - 2022
FASTEST GROWING ORIGIN $147kUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $8.36M in Knives, making it the 30th largest exporter of Knives in the world. At the same year, Knives was the 754th most exported product in South Korea. The main destination of Knives exports from South Korea are: Indonesia ($4.16M), Turkey ($720k), United States ($617k), Iran ($383k), and Thailand ($345k).

The fastest growing export markets for Knives of South Korea between 2021 and 2022 were Thailand ($331k), Singapore ($136k), and Spain ($112k).

Imports In 2022, South Korea imported $46M in Knives, becoming the 17th largest importer of Knives in the world. At the same year, Knives was the 688th most imported product in South Korea. South Korea imports Knives primarily from: China ($23.3M), Japan ($8.27M), Germany ($6.56M), Vietnam ($1.93M), and United States ($1.39M).

The fastest growing import markets in Knives for South Korea between 2021 and 2022 were United States ($147k), France ($141k), and Brazil ($129k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Knives exports accounted up to $627k and imports accounted up to $3.26M, resulting in a negative trade balance of $2.63M. Between July 2023 and July 2024 the exports of South Korea's   Knives have increased by $112k (21.7%) from $515k to $627k, while imports increased by $180k (5.85%) from $3.08M to $3.26M.

Destinations In July 2024, Knives were exported mostly to Indonesia ($320k), Turkey ($108k), Lebanon ($79k), Japan ($72k), and Vietnam ($17k), and were imported mostly from China ($1.56M), Japan ($506k), Germany ($447k), United States ($278k), and Vietnam ($158k).

Growth In July 2024, the increase in Knives's year-by-year exports was explained primarily by an increase in exports to Russia ($7k or 350%) and United Kingdom ($1k or 100%). In July 2024, the increase in Knives's year-by-year imports was explained primarily by an increase in imports from Japan ($169k or 57.3%), Switzerland ($5k or 27.8%), and Spain ($3k or 150%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$112k(21.7%)
IMPORT GROWTH (July 2023 - July 2024)$180k(5.85%)
MAIN DESTINATION (July 2024)Indonesia$320k

This section shows Knives'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 Knives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.36M
IMPORTS (2022)$46M
NET TRADE (2022)-$37.7M

In 2022, South Korea exported $8.36M in Knives. The main destinations of South Korea exports on Knives were Indonesia ($4.16M), Turkey ($720k), United States ($617k), Iran ($383k), and Thailand ($345k).

In 2022, South Korea imported $46M in Knives, mainly from China ($23.3M), Japan ($8.27M), Germany ($6.56M), Vietnam ($1.93M), and United States ($1.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knives EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Thailand$331k (2.31k%)
Singapore$136k (1.15k%)
Spain$112k (753%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knives BY South Korea WERE (2021 - 2022):
Indonesia-$625k (-13.1%)
Slovakia-$227k (-60.5%)
Japan-$205k (-49.3%)
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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 Knives were:
China $1.87B
Germany $359M
Japan $187M
In 2022, South Korea's main importing competitors in Knives were:
United States $1.01B
Germany $291M
France $180M

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Trade Value of Knives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $754k
TOP IMPORT POTENTIALChina+ $8.12M

Knives’s highest export potential is United States. With an export gap of $754k.   Knives’s highest import potential is China with an import gap of $8.12M.

See methodology.

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