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2023
Exports $9.52MWorld Rnk 26 / 193
Flag Rnk 706 / 1188
2023
Destination $288k Indonesia
2022 - 2023
FASTEST GROWING MARKET $288kPhilippines
2023
PRODUCT COMPLEXITY IN Knives0.98Rnk 183 / 1025
2023
Imports $42.4MWorld Rnk 15 / 222
Flag Rnk 655 / 1208
2023
Origin $2.29M China
2022 - 2023
FASTEST GROWING ORIGIN $2.29MJapan
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $9.52M in Knives, making it the 26th largest exporter of Knives in the world. At the same year, Knives was the 706th most exported product in South Korea. The main destination of Knives exports from South Korea are: Indonesia ($4.11M), United States ($1.51M), Turkey ($992k), Thailand ($481k), and Saudi Arabia ($350k).

The fastest growing export markets for Knives of South Korea between 2022 and 2023 were Philippines ($288k), Saudi Arabia ($228k), and Thailand ($139k).

Imports In 2023, South Korea imported $42.4M in Knives, becoming the 15th largest importer of Knives in the world. At the same year, Knives was the 655th most imported product in South Korea. South Korea imports Knives primarily from: China ($20.9M), Japan ($8.26M), Germany ($7.6M), United States ($1.64M), and France ($1.1M).

The fastest growing import markets in Knives for South Korea between 2022 and 2023 were Japan ($2.29M), Germany ($1.7M), and Italy ($215k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Knives exports accounted up to $750k and imports accounted up to $3.95M, resulting in a negative trade balance of $3.2M. Between December 2023 and December 2024 the exports of South Korea's   Knives have decreased by $-49k (-6.13%) from $799k to $750k, while imports increased by $962k (32.2%) from $2.99M to $3.95M.

Destinations In December 2024, Knives were exported mostly to Indonesia ($450k), United States ($99k), Italy ($77k), Japan ($63k), and Vietnam ($21k), and were imported mostly from China ($2.12M), Germany ($650k), Japan ($612k), Vietnam ($310k), and United States ($53k).

Growth In December 2024, the decrease in Knives's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-68k or -100%), China ($-14k or -100%), and Philippines ($-3k or -100%). In December 2024, the increase in Knives's year-by-year imports was explained primarily by an increase in imports from United States ($150k or 300%), Spain ($74k or 1.48k%), and Switzerland ($53k or 230%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-49k(-6.13%)
IMPORT GROWTH (December 2023 - December 2024)$962k(32.2%)
MAIN DESTINATION (December 2024)Indonesia$450k

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 (2023)$9.52M
IMPORTS (2023)$42.4M
NET TRADE (2023)-$32.8M

In 2023, South Korea exported $9.52M in Knives. The main destinations of South Korea exports on Knives were Indonesia ($4.11M), United States ($1.51M), Turkey ($992k), Thailand ($481k), and Saudi Arabia ($350k).

In 2023, South Korea imported $42.4M in Knives, mainly from China ($20.9M), Japan ($8.26M), Germany ($7.6M), United States ($1.64M), and France ($1.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knives EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Philippines$288k (917%)
Saudi Arabia$228k (186%)
Thailand$139k (40.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knives BY South Korea WERE (2022 - 2023):
Vietnam-$389k (-100%)
Iran-$284k (-100%)
Japan-$203k (-94.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Knives were:
China $1.52B
Germany $277M
Japan $183M
In 2023, South Korea's main importing competitors in Knives were:
United States $805M
Germany $293M
France $150M

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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.

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