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2022
Exports $2.55MWorld Rnk 37 / 182
Flag Rnk 900 / 1204
2022
Destination $89.9k Japan
2021 - 2022
FASTEST GROWING MARKET $89.9kUnited States
2022
PRODUCT COMPLEXITY IN Letter Stock0.28Rnk 459 / 1025
2022
Imports $5.41MWorld Rnk 32 / 221
Flag Rnk 1009 / 1213
2022
Origin $251k China
2021 - 2022
FASTEST GROWING ORIGIN $251kFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.55M in Letter Stock, making it the 37th largest exporter of Letter Stock in the world. At the same year, Letter Stock was the 900th most exported product in South Korea. The main destination of Letter Stock exports from South Korea are: Japan ($1.23M), United States ($345k), Hong Kong ($208k), China ($199k), and Nigeria ($105k).

The fastest growing export markets for Letter Stock of South Korea between 2021 and 2022 were United States ($89.9k), Spain ($15.9k), and Senegal ($13.5k).

Imports In 2022, South Korea imported $5.41M in Letter Stock, becoming the 32nd largest importer of Letter Stock in the world. At the same year, Letter Stock was the 1009th most imported product in South Korea. South Korea imports Letter Stock primarily from: China ($3.52M), France ($539k), Vietnam ($288k), United States ($282k), and Italy ($248k).

The fastest growing import markets in Letter Stock for South Korea between 2021 and 2022 were France ($251k), United States ($76.1k), and United Kingdom ($33k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Letter Stock exports accounted up to $132k and imports accounted up to $428k, resulting in a negative trade balance of $296k. Between July 2023 and July 2024 the exports of South Korea's   Letter Stock have increased by $47k (55.3%) from $85k to $132k, while imports increased by $10k (2.39%) from $418k to $428k.

Destinations In July 2024, Letter Stock were exported mostly to United States ($53k), Saudi Arabia ($30k), Guam ($13k), Japan ($12k), and China ($9k), and were imported mostly from China ($333k), Vietnam ($27k), France ($17k), Japan ($15k), and Spain ($14k).

Growth In July 2024, the increase in Letter Stock's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($1k or 100%). In July 2024, the increase in Letter Stock's year-by-year imports was explained primarily by an increase in imports from China ($90k or 24.5%), Italy ($36k or 92.3%), and United States ($34k or 567%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$47k(55.3%)
IMPORT GROWTH (July 2023 - July 2024)$10k(2.39%)
MAIN DESTINATION (July 2024)United States$53k

This section shows Letter Stock'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 Letter Stock over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.55M
IMPORTS (2022)$5.41M
NET TRADE (2022)-$2.86M

In 2022, South Korea exported $2.55M in Letter Stock. The main destinations of South Korea exports on Letter Stock were Japan ($1.23M), United States ($345k), Hong Kong ($208k), China ($199k), and Nigeria ($105k).

In 2022, South Korea imported $5.41M in Letter Stock, mainly from China ($3.52M), France ($539k), Vietnam ($288k), United States ($282k), and Italy ($248k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Letter Stock EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$89.9k (35.2%)
Spain$15.9k (570%)
Senegal$13.5k (1.53k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Letter Stock BY South Korea WERE (2021 - 2022):
Nigeria-$5.87M (-98.2%)
Japan-$2.18M (-63.9%)
Hong Kong-$130k (-38.6%)
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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 Letter Stock were:
China $308M
Poland $126M
Mexico $86M
In 2022, South Korea's main importing competitors in Letter Stock were:
United States $230M
Germany $139M
Japan $77.7M

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Trade Value of Letter Stock by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $303k
TOP IMPORT POTENTIALChina+ $890k

Letter Stock’s highest export potential is United States. With an export gap of $303k.   Letter Stock’s highest import potential is China with an import gap of $890k.

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