Pianos in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $9.24M in Pianos, making it the 12th largest exporter of Pianos in the world. At the same year, Pianos was the 741st most exported product in South Korea. The main destination of Pianos exports from South Korea are: China ($6.97M), United States ($516k), United Arab Emirates ($307k), El Salvador ($179k), and Chile ($128k).

The fastest growing export markets for Pianos of South Korea between 2021 and 2022 were El Salvador ($174k), United Arab Emirates ($104k), and Georgia ($82.2k).

Imports In 2022, South Korea imported $18.6M in Pianos, becoming the 13th largest importer of Pianos in the world. At the same year, Pianos was the 838th most imported product in South Korea. South Korea imports Pianos primarily from: Japan ($9.03M), Germany ($3.51M), Indonesia ($3.26M), China ($2.05M), and United States ($312k).

The fastest growing import markets in Pianos for South Korea between 2021 and 2022 were Germany ($1.68M), China ($1.14M), and Indonesia ($992k).

Latest Trends

November 2024

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Overview In November 2024 South Korea's Pianos exports accounted up to $217k and imports accounted up to $683k, resulting in a negative trade balance of $466k. Between November 2023 and November 2024 the exports of South Korea's Pianos have decreased by $-65k (-23%) from $282k to $217k, while imports decreased by $-484k (-41.5%) from $1.17M to $683k.

Destinations In November 2024, Pianos were exported mostly to China ($71k), United States ($60k), United Kingdom ($32k), Greece ($22k), and United Arab Emirates ($18k), and were imported mostly from Japan ($546k), Indonesia ($119k), China ($17k), United States ($1k), and United Arab Emirates ($0).

Growth In November 2024, the decrease in Pianos's year-by-year exports was explained primarily by a decrease in exports to China ($-182k or -66.7%). In November 2024, the decrease in Pianos's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-188k or -61.6%) and China ($-43k or -21.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$-65k(-23%)

IMPORT GROWTH (November 2023 - November 2024)$-484k(-41.5%)

MAIN DESTINATION (November 2024)China$71k

This section shows Pianos'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 Pianos over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$9.24M

IMPORTS (2022)$18.6M

NET TRADE (2022)-$9.37M

In 2022, South Korea exported $9.24M in Pianos. The main destinations of South Korea exports on Pianos were China ($6.97M), United States ($516k), United Arab Emirates ($307k), El Salvador ($179k), and Chile ($128k).

In 2022, South Korea imported $18.6M in Pianos, mainly from Japan ($9.03M), Germany ($3.51M), Indonesia ($3.26M), China ($2.05M), and United States ($312k).

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