Optical Fibers and optical fibre bundles in South Korea 2021 Exports | Imports : $4.3B | $1.98B, World Rnk 2 / 184 Rnk 26 / 1206 | World Rnk 5 / 215 Rnk 49 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $539M | $267M, China | Japan
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Optical Fibers and optical fibre bundles: 0.99, Rnk 171 / 1024
Exports In 2021, South Korea exported $4.3B in Optical Fibers and optical fibre bundles, making it the 2nd largest exporter of Optical Fibers and optical fibre bundles in the world. At the same year, Optical Fibers and optical fibre bundles was the 26th most exported product in South Korea. The main destination of Optical Fibers and optical fibre bundles exports from South Korea are: China ($2.56B), Vietnam ($580M), Hong Kong ($324M), Mexico ($141M), and United States ($126M).
The fastest growing export markets for Optical Fibers and optical fibre bundles of South Korea between 2020 and 2021 were China ($539M), Hong Kong ($53.8M), and Hungary ($30M).
Imports In 2021, South Korea imported $1.98B in Optical Fibers and optical fibre bundles, becoming the 5th largest importer of Optical Fibers and optical fibre bundles in the world. At the same year, Optical Fibers and optical fibre bundles was the 49th most imported product in South Korea. South Korea imports Optical Fibers and optical fibre bundles primarily from: Japan ($789M), United States ($495M), China ($348M), Chinese Taipei ($121M), and Ireland ($75.6M).
The fastest growing import markets in Optical Fibers and optical fibre bundles for South Korea between 2020 and 2021 were Japan ($267M), China ($121M), and Chinese Taipei ($52.5M).
June 2023
Overview In June 2023 South Korea's Optical Fibers and optical fibre bundles exports accounted up to $221M and imports accounted up to $77.9M, resulting in a positive trade balance of $143M. Between June 2022 and June 2023 the exports of South Korea's Optical Fibers and optical fibre bundles have decreased by $-38.9M (-14.9%) from $260M to $221M, while imports decreased by $-53.9M (-40.9%) from $132M to $77.9M.
Destinations In June 2023, Optical Fibers and optical fibre bundles were exported mostly to China ($115M), Vietnam ($23.2M), Hong Kong ($15.4M), Japan ($15M), and Mexico ($10.2M), and were imported mostly from China ($19.3M), United States ($15.8M), Japan ($15.2M), Chinese Taipei ($9.48M), and Ireland ($3.72M).
Growth In June 2023, the decrease in Optical Fibers and optical fibre bundles's year-by-year exports was explained primarily by a decrease in exports to United States ($-4.64M or -34%), Vietnam ($-2.9M or -5.13%), and Slovenia ($-1.2M or -47.8%). In June 2023, the decrease in Optical Fibers and optical fibre bundles's year-by-year imports was explained primarily by a decrease in imports from United States ($-15.2M or -31.3%), Chinese Taipei ($-5.25M or -18.8%), and Ireland ($-1.61M or -21.8%).
EXPORT GROWTH (June 2022 - June 2023): $-38.9M, (-14.9%)
IMPORT GROWTH (June 2022 - June 2023): $-53.9M, (-40.9%)
MAIN DESTINATION (June 2023): China, $115M
This section shows Optical Fibers and optical fibre bundles'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 Optical Fibers and optical fibre bundles over time.
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EXPORTS (2021): $4.3B
IMPORTS (2021): $1.98B
NET TRADE (2021): $2.32B
In 2021, South Korea exported $4.3B in Optical Fibers and optical fibre bundles. The main destinations of South Korea exports on Optical Fibers and optical fibre bundles were China ($2.56B), Vietnam ($580M), Hong Kong ($324M), Mexico ($141M), and United States ($126M).
In 2021, South Korea imported $1.98B in Optical Fibers and optical fibre bundles, mainly from Japan ($789M), United States ($495M), China ($348M), Chinese Taipei ($121M), and Ireland ($75.6M).
THE FASTEST GROWING Optical Fibers and optical fibre bundles EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Optical Fibers and optical fibre bundles BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Optical Fibers and optical fibre bundles were:
In 2021, South Korea's main importing competitors in Optical Fibers and optical fibre bundles were:
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