2022
Exports
$132kWorld Rnk 59 / 103
Flag Rnk 1108 / 1204
2022
PRODUCT COMPLEXITY IN Other Firearms
0.16Rnk 499 / 1025
2022
Imports
$1.92MWorld Rnk 69 / 179
Flag Rnk 1100 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $132k in Other Firearms, making it the 59th largest exporter of Other Firearms in the world. At the same year, Other Firearms was the 1108th most exported product in South Korea. The main destination of Other Firearms exports from South Korea are: Hong Kong ($123k), Italy ($2.53k), Malaysia ($1.7k), Denmark ($1.68k), and Finland ($1.62k).

The fastest growing export markets for Other Firearms of South Korea between 2021 and 2022 were Italy ($2.53k), Malaysia ($1.7k), and Denmark ($1.68k).

Imports In 2022, South Korea imported $1.92M in Other Firearms, becoming the 69th largest importer of Other Firearms in the world. At the same year, Other Firearms was the 1100th most imported product in South Korea. South Korea imports Other Firearms primarily from: United States ($629k), Italy ($428k), United Kingdom ($214k), Germany ($195k), and Hong Kong ($136k).

The fastest growing import markets in Other Firearms for South Korea between 2021 and 2022 were United States ($591k), United Kingdom ($171k), and Turkey ($44.4k).

COMPANIES In 2023, leading companies such as CNH Industrial (10), Yokohama Industries (7), and General Motors (6) were at the forefront of shipping Other Firearms from South Korea to the United States.

Latest Trends

October 2022

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2021 - October 2022)$-101k(-69.7%)
IMPORT GROWTH (October 2021 - October 2022)$-26k(-31.3%)
MAIN DESTINATION (October 2022)

This section shows Other Firearms'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 Firearms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$132k
IMPORTS (2022)$1.92M
NET TRADE (2022)-$1.78M

In 2022, South Korea exported $132k in Other Firearms. The main destinations of South Korea exports on Other Firearms were Hong Kong ($123k), Italy ($2.53k), Malaysia ($1.7k), Denmark ($1.68k), and Finland ($1.62k).

In 2022, South Korea imported $1.92M in Other Firearms, mainly from United States ($629k), Italy ($428k), United Kingdom ($214k), Germany ($195k), and Hong Kong ($136k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Firearms EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Italy$2.53k (1%)
Malaysia$1.7k (1%)
Denmark$1.68k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Firearms BY South Korea WERE (2021 - 2022):
Norway-$195k (-100%)
Hong Kong-$156k (-55.9%)
Kuwait-$27.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Other Firearms were:
In 2022, South Korea's main importing competitors in Other Firearms were:

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Trade Value of Other Firearms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $4.56k
TOP IMPORT POTENTIALItaly+ $224k

Other Firearms’s highest export potential is Italy. With an export gap of $4.56k.   Other Firearms’s highest import potential is Italy with an import gap of $224k.

See methodology.

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