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2022
Exports $16.9MWorld Rnk 13 / 133
Flag Rnk 664 / 1204
2022
Destination $2.23M Switzerland
2021 - 2022
FASTEST GROWING MARKET $2.23MSwitzerland
2022
PRODUCT COMPLEXITY IN Other Clocks and Watches1.32Rnk 89 / 1025
2022
Imports $7.43MWorld Rnk 21 / 191
Flag Rnk 973 / 1213
2022
Origin $77k Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $77kPhilippines
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $16.9M in Other Clocks and Watches, making it the 13th largest exporter of Other Clocks and Watches in the world. At the same year, Other Clocks and Watches was the 664th most exported product in South Korea. The main destination of Other Clocks and Watches exports from South Korea are: Switzerland ($10.6M), Hong Kong ($4.7M), Germany ($555k), Vietnam ($412k), and Philippines ($247k).

The fastest growing export markets for Other Clocks and Watches of South Korea between 2021 and 2022 were Switzerland ($2.23M), Hong Kong ($771k), and Germany ($202k).

Imports In 2022, South Korea imported $7.43M in Other Clocks and Watches, becoming the 21st largest importer of Other Clocks and Watches in the world. At the same year, Other Clocks and Watches was the 973rd most imported product in South Korea. South Korea imports Other Clocks and Watches primarily from: Switzerland ($4.33M), China ($2.29M), Hong Kong ($162k), Japan ($120k), and Chinese Taipei ($106k).

The fastest growing import markets in Other Clocks and Watches for South Korea between 2021 and 2022 were Philippines ($77k), Japan ($24.9k), and Sweden ($15.7k).

COMPANIES In 2023, leading companies such as Samsung (44) were at the forefront of shipping Other Clocks and Watches from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Other Clocks and Watches exports accounted up to $981k and imports accounted up to $966k, resulting in a positive trade balance of $15k. Between November 2023 and November 2024 the exports of South Korea's   Other Clocks and Watches have decreased by $-211k (-17.7%) from $1.19M to $981k, while imports increased by $138k (16.7%) from $828k to $966k.

Destinations In November 2024, Other Clocks and Watches were exported mostly to Switzerland ($695k), Hong Kong ($156k), Germany ($95k), Argentina ($23k), and Thailand ($9k), and were imported mostly from Switzerland ($700k), China ($207k), Japan ($14k), Malaysia ($10k), and France ($8k).

Growth In November 2024, the decrease in Other Clocks and Watches's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-29k or -10.8%), Mauritius ($-9k or -81.8%), and Vietnam ($-4k or -100%). In November 2024, the increase in Other Clocks and Watches's year-by-year imports was explained primarily by an increase in imports from Malaysia ($2k or 33.3%), Philippines ($2k or 40%), and Japan ($1k or 25%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-211k(-17.7%)
IMPORT GROWTH (November 2023 - November 2024)$138k(16.7%)
MAIN DESTINATION (November 2024)Switzerland$695k

This section shows Other Clocks and Watches'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 Other Clocks and Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.9M
IMPORTS (2022)$7.43M
NET TRADE (2022)$9.5M

In 2022, South Korea exported $16.9M in Other Clocks and Watches. The main destinations of South Korea exports on Other Clocks and Watches were Switzerland ($10.6M), Hong Kong ($4.7M), Germany ($555k), Vietnam ($412k), and Philippines ($247k).

In 2022, South Korea imported $7.43M in Other Clocks and Watches, mainly from Switzerland ($4.33M), China ($2.29M), Hong Kong ($162k), Japan ($120k), and Chinese Taipei ($106k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Clocks and Watches EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Switzerland$2.23M (26.5%)
Hong Kong$771k (19.6%)
Germany$202k (57.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Clocks and Watches BY South Korea WERE (2021 - 2022):
Vietnam-$793k (-65.8%)
Japan-$118k (-76.7%)
China-$92.2k (-67.4%)
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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 Other Clocks and Watches were:
Switzerland $417M
China $356M
France $151M
In 2022, South Korea's main importing competitors in Other Clocks and Watches were:
Switzerland $376M
Hong Kong $242M
Japan $139M

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Trade Value of Other Clocks and Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $305k
TOP IMPORT POTENTIALChina+ $1.68M

Other Clocks and Watches’s highest export potential is Germany. With an export gap of $305k.   Other Clocks and Watches’s highest import potential is China with an import gap of $1.68M.

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