Time Switches in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $1.1M in Time Switches, making it the 28th largest exporter of Time Switches in the world. At the same year, Time Switches was the 976th most exported product in South Korea. The main destination of Time Switches exports from South Korea are: China ($300k), Indonesia ($135k), Malaysia ($84.2k), United States ($66.9k), and Japan ($64.5k).

The fastest growing export markets for Time Switches of South Korea between 2021 and 2022 were Indonesia ($131k), China ($109k), and Malaysia ($65.9k).

Imports In 2022, South Korea imported $3.98M in Time Switches, becoming the 27th largest importer of Time Switches in the world. At the same year, Time Switches was the 1041st most imported product in South Korea. South Korea imports Time Switches primarily from: China ($2.16M), Indonesia ($1.09M), Switzerland ($307k), Poland ($213k), and United States ($123k).

The fastest growing import markets in Time Switches for South Korea between 2021 and 2022 were Indonesia ($581k), China ($540k), and Poland ($120k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Time Switches from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Time Switches exports accounted up to $9k and imports accounted up to $205k, resulting in a negative trade balance of $196k. Between February 2023 and February 2024 the exports of South Korea's Time Switches have decreased by $-6k (-40%) from $15k to $9k, while imports increased by $10k (5.13%) from $195k to $205k.

Destinations In February 2024, Time Switches were exported mostly to United States ($4k), Bolivia ($2k), Israel ($1k), Vietnam ($1k), and Chinese Taipei ($1k), and were imported mostly from Indonesia ($103k), China ($91k), France ($9k), Sweden ($1k), and United States ($1k).

Growth In February 2024, the decrease in Time Switches's year-by-year exports was explained primarily by a decrease in exports to Peru ($-9k or -75%) and China ($-8k or -53.3%). In February 2024, the increase in Time Switches's year-by-year imports was explained primarily by an increase in imports from China ($71k or 38.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-6k(-40%)

IMPORT GROWTH (February 2023 - February 2024)$10k(5.13%)

MAIN DESTINATION (February 2024)United States$4k

This section shows Time Switches'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 Time Switches over time.

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