2022
Exports
$1.19BWorld Rnk 2 / 170
Flag Rnk 37 / 96
2022
PRODUCT COMPLEXITY IN Weapons
1.03Rnk 158 / 1025
2022
Imports
$252MWorld Rnk 16 / 206
Flag Rnk 80 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.19B in Weapons, making it the 2nd largest exporter of Weapons in the world. At the same year, Weapons was the 37th most exported product in South Korea. The main destination of Weapons exports from South Korea are: United Arab Emirates ($322M), Saudi Arabia ($299M), Poland ($257M), United States ($111M), and Indonesia ($52.7M).

The fastest growing export markets for Weapons of South Korea between 2021 and 2022 were Poland ($238M), Saudi Arabia ($192M), and Philippines ($22.1M).

Imports In 2022, South Korea imported $252M in Weapons, becoming the 16th largest importer of Weapons in the world. At the same year, Weapons was the 80th most imported product in South Korea. South Korea imports Weapons primarily from: United States ($205M), Italy ($8.28M), United Arab Emirates ($6.69M), Israel ($6.24M), and Germany ($4.2M).

The fastest growing import markets in Weapons for South Korea between 2021 and 2022 were United States ($5.61M), France ($3.06M), and United Arab Emirates ($1.56M).

COMPANIES In 2023, leading companies such as LG Electronics (29), General Motors (13), and Ford Motor Company (12) were at the forefront of shipping Weapons from South Korea to the United States.

Latest Trends

October 2022

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2021 - October 2022)$179M(231%)
IMPORT GROWTH (October 2021 - October 2022)$-53.4M(-86.8%)
MAIN DESTINATION (October 2022)

This section shows Weapons'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 Weapons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.19B
IMPORTS (2022)$252M
NET TRADE (2022)$935M

In 2022, South Korea exported $1.19B in Weapons. The main destinations of South Korea exports on Weapons were United Arab Emirates ($322M), Saudi Arabia ($299M), Poland ($257M), United States ($111M), and Indonesia ($52.7M).

In 2022, South Korea imported $252M in Weapons, mainly from United States ($205M), Italy ($8.28M), United Arab Emirates ($6.69M), Israel ($6.24M), and Germany ($4.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Weapons EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Poland$238M (1.24k%)
Saudi Arabia$192M (179%)
Philippines$22.1M (496%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Weapons BY South Korea WERE (2021 - 2022):
United Arab Emirates-$146M (-31.2%)
United States-$69.8M (-38.5%)
Oman-$48.2M (-87.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Weapons by Exporters

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