Watch Movements in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $1.4M in Watch Movements, making it the 22nd largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 959th most exported product in South Korea. The main destination of Watch Movements exports from South Korea are: China ($350k), Switzerland ($315k), India ($299k), Hong Kong ($271k), and United States ($114k).

The fastest growing export markets for Watch Movements of South Korea between 2021 and 2022 were India ($299k), China ($176k), and United States ($103k).

Imports In 2022, South Korea imported $4.49M in Watch Movements, becoming the 19th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 1031st most imported product in South Korea. South Korea imports Watch Movements primarily from: Switzerland ($2.4M), Japan ($649k), United States ($590k), Italy ($290k), and Thailand ($273k).

The fastest growing import markets in Watch Movements for South Korea between 2021 and 2022 were Japan ($213k), United States ($202k), and Thailand ($77.7k).

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

Latest Trends

February 2024

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Overview In February 2024 South Korea's Watch Movements exports accounted up to $75k and imports accounted up to $295k, resulting in a negative trade balance of $220k. Between February 2023 and February 2024 the exports of South Korea's Watch Movements have increased by $42k (127%) from $33k to $75k, while imports decreased by $-35k (-10.6%) from $330k to $295k.

Destinations In February 2024, Watch Movements were exported mostly to Switzerland ($54k), United States ($12k), China ($6k), Hong Kong ($2k), and Denmark ($1k), and were imported mostly from Switzerland ($248k), Japan ($32k), Thailand ($11k), France ($2k), and Hong Kong ($1k).

Growth In February 2024, the increase in Watch Movements's year-by-year exports was explained primarily by an increase in exports to . In February 2024, the decrease in Watch Movements's year-by-year imports was explained primarily by a decrease in imports from China ($-26k or -81.3%), Switzerland ($-9k or -5.63%), and Japan ($-8k or -17.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$42k(127%)

IMPORT GROWTH (February 2023 - February 2024)$-35k(-10.6%)

MAIN DESTINATION (February 2024)Switzerland$54k

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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