2022
Exports
$2.92MWorld Rnk 24 / 168
Flag Rnk 892 / 1204
2022
PRODUCT COMPLEXITY IN String Instruments
0.51Rnk 362 / 1025
2022
Imports
$33.6MWorld Rnk 9 / 209
Flag Rnk 752 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.92M in String Instruments, making it the 24th largest exporter of String Instruments in the world. At the same year, String Instruments was the 892nd most exported product in South Korea. The main destination of String Instruments exports from South Korea are: United Kingdom ($572k), Thailand ($339k), United States ($294k), Brazil ($265k), and Hong Kong ($175k).

The fastest growing export markets for String Instruments of South Korea between 2021 and 2022 were United Kingdom ($270k), Brazil ($158k), and Hong Kong ($136k).

Imports In 2022, South Korea imported $33.6M in String Instruments, becoming the 9th largest importer of String Instruments in the world. At the same year, String Instruments was the 752nd most imported product in South Korea. South Korea imports String Instruments primarily from: China ($17.7M), United States ($6.17M), Indonesia ($3.43M), Mexico ($1.58M), and United Kingdom ($933k).

The fastest growing import markets in String Instruments for South Korea between 2021 and 2022 were Mexico ($643k), Indonesia ($621k), and China ($519k).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (8), YAMAHA CORPORATION OF AMERICA (2), and Goldensee Limited (1) were at the forefront of shipping String Instruments from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$266k(174%)
IMPORT GROWTH (July 2023 - July 2024)$132k(5.35%)
MAIN DESTINATION (July 2024)United States$208k

This section shows String Instruments'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 String Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.92M
IMPORTS (2022)$33.6M
NET TRADE (2022)-$30.6M

In 2022, South Korea exported $2.92M in String Instruments. The main destinations of South Korea exports on String Instruments were United Kingdom ($572k), Thailand ($339k), United States ($294k), Brazil ($265k), and Hong Kong ($175k).

In 2022, South Korea imported $33.6M in String Instruments, mainly from China ($17.7M), United States ($6.17M), Indonesia ($3.43M), Mexico ($1.58M), and United Kingdom ($933k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United Kingdom$270k (89.5%)
Brazil$158k (148%)
Hong Kong$136k (351%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY South Korea WERE (2021 - 2022):
United States-$475k (-61.8%)
Thailand-$174k (-33.8%)
Belgium-$149k (-64.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $355k
TOP IMPORT POTENTIALChina+ $2.14M

String Instruments’s highest export potential is United States. With an export gap of $355k.   String Instruments’s highest import potential is China with an import gap of $2.14M.

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