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2022
Exports $55.7MWorld Rnk 16 / 159
Flag Rnk 470 / 1204
2022
Destination $603k United States
2021 - 2022
FASTEST GROWING MARKET $603kGermany
2022
PRODUCT COMPLEXITY IN Razor Blades-0.27Rnk 638 / 1025
2022
Imports $68.2MWorld Rnk 20 / 215
Flag Rnk 598 / 1213
2022
Origin $9.35M Poland
2021 - 2022
FASTEST GROWING ORIGIN $9.35MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $55.7M in Razor Blades, making it the 16th largest exporter of Razor Blades in the world. At the same year, Razor Blades was the 470th most exported product in South Korea. The main destination of Razor Blades exports from South Korea are: United States ($14.5M), Vietnam ($13.2M), Netherlands ($11.5M), Belgium ($4.93M), and Spain ($1.59M).

The fastest growing export markets for Razor Blades of South Korea between 2021 and 2022 were Germany ($603k), Poland ($413k), and Russia ($177k).

Imports In 2022, South Korea imported $68.2M in Razor Blades, becoming the 20th largest importer of Razor Blades in the world. At the same year, Razor Blades was the 598th most imported product in South Korea. South Korea imports Razor Blades primarily from: Poland ($23.1M), Vietnam ($18.9M), China ($18.1M), Germany ($3.24M), and United States ($1.67M).

The fastest growing import markets in Razor Blades for South Korea between 2021 and 2022 were China ($9.35M), Vietnam ($3.2M), and United States ($586k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Razor Blades exports accounted up to $4.58M and imports accounted up to $8.85M, resulting in a negative trade balance of $4.27M. Between July 2023 and July 2024 the exports of South Korea's   Razor Blades have increased by $1.03M (29%) from $3.55M to $4.58M, while imports increased by $949k (12%) from $7.9M to $8.85M.

Destinations In July 2024, Razor Blades were exported mostly to Vietnam ($1.45M), United States ($1.18M), Spain ($476k), Netherlands ($425k), and France ($180k), and were imported mostly from Germany ($4.21M), China ($1.45M), Poland ($1.36M), Vietnam ($1.22M), and United States ($359k).

Growth In July 2024, the increase in Razor Blades's year-by-year exports was explained primarily by an increase in exports to Netherlands ($232k or 23.2%), Israel ($41k or 4.1k%), and Japan ($19k or 79.2%). In July 2024, the increase in Razor Blades's year-by-year imports was explained primarily by an increase in imports from China ($913k or 45.8%), Pakistan ($18k or 129%), and Germany ($11k or 0.41%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.03M(29%)
IMPORT GROWTH (July 2023 - July 2024)$949k(12%)
MAIN DESTINATION (July 2024)Vietnam$1.45M

This section shows Razor Blades'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 Razor Blades over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$55.7M
IMPORTS (2022)$68.2M
NET TRADE (2022)-$12.5M

In 2022, South Korea exported $55.7M in Razor Blades. The main destinations of South Korea exports on Razor Blades were United States ($14.5M), Vietnam ($13.2M), Netherlands ($11.5M), Belgium ($4.93M), and Spain ($1.59M).

In 2022, South Korea imported $68.2M in Razor Blades, mainly from Poland ($23.1M), Vietnam ($18.9M), China ($18.1M), Germany ($3.24M), and United States ($1.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Razor Blades EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Germany$603k (208%)
Poland$413k (199%)
Russia$177k (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Razor Blades BY South Korea WERE (2021 - 2022):
United States-$7.36M (-33.7%)
Mexico-$4.29M (-93.5%)
Netherlands-$2.61M (-18.5%)
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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 Razor Blades were:
Poland $891M
China $611M
Mexico $569M
In 2022, South Korea's main importing competitors in Razor Blades were:
United States $623M
Poland $298M
Germany $236M

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Trade Value of Razor Blades by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $834k
TOP IMPORT POTENTIALChina+ $4.16M

Razor Blades’s highest export potential is China. With an export gap of $834k.   Razor Blades’s highest import potential is China with an import gap of $4.16M.

See methodology.

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