HS Icon Watch Movements in  Flag South Korea

2019
Exports | Imports
: $750k | $5.73M, World Rnk 23 / 89
Flag Rnk 1003 / 1200 | World Rnk 17 / 173
Flag Rnk 994 / 1209

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $56.9k | $377k, China |  Switzerland

2019
ECONOMIC COMPLEXITY of South Korea
: 1.9, Rnk 5 / 147

2019
PRODUCT COMPLEXITY  IN Watch Movements
: 1.31, Rnk 81 / 1029

Exports In 2019, South Korea exported $750k in Watch Movements, making it the 23rd largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 1003rd most exported product in South Korea. The main destination of Watch Movements exports from South Korea are: Switzerland ($323k), Hong Kong ($149k), China ($74.6k), United Kingdom ($47.8k), and Singapore ($32.6k).

The fastest growing export markets for Watch Movements of South Korea between 2018 and 2019 were China ($56.9k), United Kingdom ($47.8k), and Singapore ($32.6k).

Imports In 2019, South Korea imported $5.73M in Watch Movements, becoming the 17th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 994th most imported product in South Korea. South Korea imports Watch Movements primarily from: Switzerland ($3.04M), Israel ($544k), Thailand ($402k), Hong Kong ($393k), and Japan ($382k).

The fastest growing import markets in Watch Movements for South Korea between 2018 and 2019 were Switzerland ($377k), United States ($178k), and Japan ($168k).

Tariffs In 2018, the average tariff for South Korea in Watch Movements was 3.12%. The countries with the highest import tariffs for Watch Movements were Botswana (Most Favoured Nation duty rate treatement, 5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 5%), Cameroon (Most Favoured Nation duty rate treatement, 5%), Republic of the Congo (Most Favoured Nation duty rate treatement, 5%), and Cape Verde (Most Favoured Nation duty rate treatement, 5%).

June 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2020 - June 2021): $19k, (146%)

IMPORT GROWTH (June 2020 - June 2021): $152k, (47.5%)

MAIN DESTINATION (June 2021): Switzerland, $21k

This section shows Watch Movements'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 Watch Movements over time.

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Historical Data

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EXPORTS (2019): $750k

IMPORTS (2019): $5.73M

NET TRADE (2019): -$4.98M

In 2019, South Korea exported $750k in Watch Movements. The main destinations of South Korea exports on Watch Movements were Switzerland ($323k), Hong Kong ($149k), China ($74.6k), United Kingdom ($47.8k), and Singapore ($32.6k).

In 2019, South Korea imported $5.73M in Watch Movements, mainly from Switzerland ($3.04M), Israel ($544k), Thailand ($402k), Hong Kong ($393k), and Japan ($382k).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Watch Movements WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Watch Movements WITH:

Flow

THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY South Korea WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2019, South Korea's main exporting competitors in Watch Movements were:

In 2019, South Korea's main importing competitors in Watch Movements were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Watch Movements was 3.12%.

The countries with the highest tariffs for Watch Movements in South Korea were Botswana (Most Favoured Nation duty rate treatement, 5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 5%), Cameroon (Most Favoured Nation duty rate treatement, 5%), Republic of the Congo (Most Favoured Nation duty rate treatement, 5%), and Cape Verde (Most Favoured Nation duty rate treatement, 5%).